Community SnapShot – Vancouver West Real Estate

Vancouver West

Vancouver West is the seventh community on the last day in the series.

We have reviewed the markets in Coquitlam, Burnaby, North Vancouver, West Vancouver, Richmond and today we look at Vancouver’s East Side.

Today we look at Vancouver’s West Side.

During the two periods extending from July 26, 2010 to August 25, 2010 and August 26, 2010 to September 25, 2010, detached properties in the Vancouver West communities had the following results.

Listings

Total Listings decreased from Jul/Aug’s 854 to Aug/Sept’s 827.

Sales

Sales decreased from Jul/Aug’s 135 to 94 in Aug/Sept.

Expired, Reductions, Increases, Days on Market

  • Jul/Aug’s had 53 listing mandates expire. The number of expired listings increased to 67 in Aug/Sept.
  • Price reductions in Jul/Aug’s were 172 slowing to 152 in Aug/Sept.
  • There were 22 price increases in Jul/Aug and 25 in Aug/Sept.
  • It took 52 days in both periods to sell a home.

Average and Median Prices

  • Jul/Aug Average Ask price was $1,964,901. This Average Ask price increased n Aug/Sept to $2,086,709.
  • The Median Ask price in Jul/Aug was $1,699,000. Like the Asking price, the Median also increased $1,718,000 in Aug/Sept.
  • The Average Sold price in the Jul/Aug was $1,865,085. In Aug/Sept the Average Sold price increased to $1,984,628.
  • The Median Sold price in Jul/Aug was $1,651,000. In Aug/Sept the Median Sol price increased to $1,672,500.

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.

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