Taking In The Drive
Posted May 9th, 2010 in Grandview, Neighbourhood SnapShot, Real Estate, Statistics | 
Little Italy
During the past 30 day period, a snapshot of the Grandview’s detached market activity saw a market struggling to climb back up.
Local Markets
Every neighbourhood is different!
The amenities, culture, and diversity of it’s inhabitants offer unique perspectives that come together to define each neighbourhood’s distinct character.
Each month YatterMatters selects any number of neighbourhoods to explore through SnapShots of their local real estate market.
In the period covering March 07 to May 07, Grandview, also known as The Drive, recorded the following market activity.
Listings
Total Listings declined from March/April’s 59 to April/May’s 55.
Sales
Sales decreased from March/April’s 15 to 9 in April/May.
Expired, Reductions, Increases, Days on Market
- The March/April period had no listing mandates expire but there was one in April/May.
- Price reductions in March/April were 8 while in April/May it was 9.
- There were no price increases in either period.
- It took 18 days to sell a home in March/April dropping to 15 April/May.
Average and Median Prices
- March/April’s Average Ask price decreased from $809,513 to April/May’s $725,766.
- The Median Ask price in March/April of $775,000 dropped slightly to $769,000 in April/May.
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The Average Sold price in the April/May was $748,222. This was a drop from March/April’s average sale price of $819,833.
- The Median Sold prices climbed from March/April’s price of $790,000 increasing to April/May’s $800,000.
Local Thoughts
Many predictions of doom and gloom exist. Contradicting these predictions, Vancouver’s Grandview neighbourhood is currently seeing a climb back to a positive upward market.
