East Side Conversations

Market Series Continued

Scene 1

Neighbourhood BBQ at Vancouver East Attached complex. The guests arrive and after greetings are exchanged, the wine is poured and they settle in for a great evening – conversations begin.

“So what do you think about this real estate market?”

At any gathering, it is a question that is more predictable than the market itself.

Scene 2

Is situated on the East side where in our continuing look at neighbourhood markets we visit the Vancouver East Attached segment.

East Side Attached Units Listed

Dare it be said – Units Listed have almost approached “normal”. From the high of 117 in April 2010 and the second highest recorded number of units listed in May 2008 at 102, June recorded only 78 units listed.

East Side Attached Units Sold

The Realtor® divining rod broke as it tried to understand the number of Units Sold in June 2010. At 63 units sold it approached the record set in July of 2009 at 71.

East Side Attached Active Listings

Active Listings reached 2010′s second highest level at 189. May 2010 took the prize at 195.

East Side Attached Average Price

Vancouver’s attached average price flexed it muscles this past month. Having dropped to $544,776 in May, it climbed back to $551,913.

Thoughts

East side attached has been full of drama in the past few months.

Units listed reached a high in April only to start its slide down to June’s 78 units. Units sold languished till this past month in which they climbed toward the July 2009′s record of 71. Active listings exploded in April only to begin a slight drop in June.

It would be difficult to craft a script with as much up and down action. No doubt if you tried to write it on the B.C.E.R. while passing the Collingwood station it would have the potential to be just as bumpy.