Count Down – Day Five
Posted July 30th, 2010 in Neighbourhood SnapShot, Vancouver East Side | 
Day 5 – East Vancouver
One day remains in July. This is the fifth installment of six posts where we continue to seek a sense of the market segments in Vancouver’s real estate prior to month end accounting.
Each day the series has traveled around Vancouver to explore the major areas including West Vancouver, Burnaby combined with its North,South,and East subareas, North Vancouver, Vancouver East and Vancouver West. Our exploration centers on detached homes and their market performance during the following 30 day periods – May 25 to June 25 and June 25 to July 25.
Today we visit East Vancouver.
In the two periods May 25, 2010 to June 25, 2010 and June 25, 2010 to July 25, 2010, detached properties in the East Vancouver neighbourhoods had the following results.
Listings
Total Listings decreased units from May/June’s 946 to June/July’s 917.
Sales
Sales decreased from May/June’s 138 to 78 in June/July.
Expired, Reductions, Increases, Days on Market
- May/June had 50 listing mandates expire which increased to 81 in June/July.
- Price reductions in May/June were 266 increasing to 268 in June/July.
- There were 24 price increases in May/June and 25 in June/July.
- It took an average of 27 days to sell a home in May/June. This dropped to 24 in June/July.
Average and Median Prices
- May/June’s Average Ask price was $771,238 increasing to $792,532 in June/July.
- The Median Ask price in May/June was $736,500 increased to $783,500 in June/July.
- The Average Sold price in the May/June was $755,038. In June/July this increased to $780,496.
- The Median Sold price in May/June was $727,500 increasing in June/July to $769,850.
One Last Look
Day 6 will be the last in this series. We’ll head west across Ontario street and take a look at the traditionally stade market of Vancouver West.
With that last look comes the time for you to formulate your opinion. Where is the Vancouver market headed? Tomorrow’s last piece to the six day puzzle gives you the chance to draw your conclusions before the month end numbers arrive.
This is the 2nd day out of the last three days that exhibit an almost 100% sales/list. I hope this will not be the trend for a few more days or we’ll be looking at price increases again. Sigh….
Van west is staid? Judging by prices in the past 20 years I’m a bit skeptical!
@jesse
it’s where players play when they have the anti and want to sit at the table. It would be interesting to draw a correlation between stock market performance and West Van’s market. Do you track that information?
@Roland
not certain about that conclusion as there are still many listings on the market. comparing just listed to just sold forgets about the remainder.