Grandview Grind

Grandview

This snapshot of our local Grandview neighbourhood’s detached home market should make sellers happy as prices have held steady. If you were without any other influence you might just think this looks like a normal market.

In the period April 23, 2010 to June 22, 2010 detached properties in the Grandview neighbourhood showed the following results.

Listings

Total Listings declined by one from April/May’s 68 to May/June’s 67.

Sales

Sales saw a decline of 4 sales dropping to 9 in May/June which as a percentile of April/May’s 13 is significant.

Expired, Reductions, Increases, Days on Market

  • April/May had no listing mandates expire but that jumped to 2 in May/June.
  • Price reductions in April/May were 13 increasing to 17 in May/June.
  • There was 1 price increase registered in both periods.
  • Worth noting is that it only took 9 days to sell a house in April/May which increased to 22 days in May/June. Are buyers taking longer to make up their mind?

Average and Median Prices

Res. of Dr. Agnew, 1020 Victoria Drive, Grandview. – 1932 – CVA 99-4162

  • Total Listings Average Ask price in April/May was $743,500. In May/June it increased to $794,413.
  • Total Listings Median Ask price in April/May was $743,500 then decreased to $739,000 in May/June.
  • April/May’s Average Ask price of Sold Listings was $800,492 increasing to May/June’s $816,300.
  • The Median Ask price of Sold Listings in April/May was $769,000 only to increase to $799,000 in May/June.
  • The Average Sold price in the April/May was $826,000. In May/June this decreased to $811,611.
  • The Median Sold price in April/May was $800,000. In May/June this increased to $810,000.

Thoughts

The ever popular Grandview neighbourhood in this 60 day snapshot, appears to be holding ground against the market tide. A quick scan of the homes that sold showed 4 and 5 bedroom homes with two baths with an average of 2200 sq. ft size selling. Of note, in the May/June period three homes sold over ask.

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.

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*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:

Bob Lucas Says:
June 23rd, 2010 at 11:33 am

Wow great archival photograph of the Agnew residence. What a beaut!

June 23rd, 2010 at 11:38 am

@bob lucas,

the city archieves are a wonderful place to explore.

davers Says:
June 23rd, 2010 at 7:31 pm

Man Larry these dailys are giving me the spins. Yesterday sell/list was pushing 100% and now its less than 25%. Any idea what gives? Or is it just bad luck to do the paperwork on a wednesday?

June 23rd, 2010 at 8:14 pm

@davers
took a look back and yesterday was abnormal so I understand why you are in a spin. Don’t have a brilliant explanation for you as to the ‘why’. Could be Karma, stars aligning, extra staff at the board or the shifting of tectonic plates that created the Quebec earthquake – who knows??
here’s last week’s sales as well as the past 3 days that I recorded 169,120,147,176,114 – – 83,207,56
***you will of course remember the time stamp so these aren’t the finals for the day but they do tell a story. Me – I’m going with the earthquake theory. 🙂

davers Says:
June 24th, 2010 at 7:15 am

The earthquake theory is as good as any I suppose 🙂

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