Neigbhourhood Numbers – West Side Detached

West Side Steady

Waiting for the sign!

Listings

February into the early part of March saw Total Listing stand at 683. March to date saw that number drop a little to 676.

Solds

Sold listings matched this pattern. Feb/Mar stood at 142. March to date dropped to 129.

Expired

Expired listings increased from Feb/Mar’s 16 to Mar/Apr’s 23 suggesting that the asking price are of the 23 were beyond buyer’s perceived market value.

Reductions Increases and Days on Market

Price Reductions held their own in these two periods changing by 1 and the Days on Market did not make headlines recording a drop of 3 days in the last period of Mar/Apr with DOM standing at 32.

Prices

Feb/Mar’s Average Ask price was $2,007,059 whereas there was a slight drop in Mar/Apr to $1,974,966. The Average Sold price in Feb/Mar stood at $1,955,935. Not enough to write home about, but still, a change with a minus sign.

Median Ask prices in Feb/Mar registered $1,698,000 while Mar/Apr recorded $1,699,800. Mar/Apr Median Sold price saw a similar positive bump from Feb/Mar’s $1,745,500 to Mar/Apr’s $1,760,000.

Thoughts

Average and Median sold prices though definitely higher in Mar/Apr did not call for a 21 gun salute. With little volitility the west side appears a steady market area at this time. Will there be changes as some suspect? As always we must wait.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

Charles&Tammy Says:
April 6th, 2010 at 6:51 pm

Hi Larry,

I’m up for a pub night one of these days! Charles too.

Westside, holding firm.

For now. I do notice a lot of for sale signs, but the stats are the stats, looks steady.

April 6th, 2010 at 7:22 pm

@c&t
appreciate the numbers and tried to verify the source with you but your email kicked back. I don’t have time to do it. So if you want the comment published what is the source and who compiled them.

So here is what I see –
to make sure we are on the same page-
Listing Count Residential that includes the following –
Detached,
Attached,
Multi Family,
Land

West Side Total of above.
Jan 01,2010 – 1396
April 05, 2010 – 2785
I’ll go along with your number after midnight.

beard of bees Says:
April 6th, 2010 at 7:44 pm

Humm. That’s odd in the Dailies: 3 Back on Market for Van and 163 for the rest!

April 6th, 2010 at 7:49 pm

@Beard
thanks for pointing out the typo

RavingBull Says:
April 6th, 2010 at 9:04 pm

Larry:

In your opinion, what do the next few months hold for the Vancouver real estate market?

April 6th, 2010 at 10:12 pm

@Raving
sure a lot of people asking the same questions using the same ip address. Any thoughts on that?

the concept of broker load was explained in comments last week. I don’t stay up all night watching them – ergo the time stamp.

Samsonite Says:
April 7th, 2010 at 2:02 pm

I referred two colleagues to this site, and suggested that they call you to list their condos.

April 7th, 2010 at 2:16 pm

@Samsonite
thank you. look forward to meeting them.

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