Staid and Steady

Kerrisdale Single Family Homes

The name Kerrisdale was proclaimed in 1905. Its originates from an early settler whose family’s home in Scotland was called Kerry’s Dale.

Kerrisdale a west side neighbourhood in Vancouver best reflects attributes of seasoned money. Kerrisdale resonates as a staid, secure area of expensive homes which represent Vancouver’s real estate at its finest.

True to historical form, Kerrisdale has held its place in the market relative to other neighbourhoods.

From July 16, 2010 to September 15, 2010, single family homes in the Kerrisdale neighbourhood have seen minor adjustments.

Listings

Total Listings decreased from July/August’s 55 to August/September’s 52.

Sales

Sales have slowed from July/August’s 7 to August/September’s 5.

Expired, Reductions, Increases, Days on Market

  • July/August had 6 listing mandates which decreased in August/September to 5.
  • Price reductions in July/August were 11. There were no price reductions in the August/September period.
  • There was 1 price increase in July/August and none in August/September.
  • It took an average of 33 days to sell the 7 homes July/August. That number decreased to 10 in August/September.

Average and Median Prices

  • July/August’s Average Ask price of $1,751,114 reduced to August/September’s $1,689,200.
  • The Median Ask price in July/August was $1,468,000. The median increased to $1,680,000 in August/September.
  • The Average Sold price in the July/August was $1,697,285. In August/September that number dropped by a small percentile to $1,695,000.
  • The Median Sold price in July/August registered $1,425,000. In the August/September that increased to $1,665,000.

Panorama Kerrisdale: Intersection of 41st and the Boulevard circa 1911 (Note Tram between small foreground buildings BCE station)

Conclusions

To help you in your deliberations it may be worth noting that within Kerrisdales’s 42 Active listings the price ranges from $1,050,000 to $8,700,000.

Ask/Sell

July/August August/September

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.

Reader Comments:

specialfx3000 Says:
September 16th, 2010 at 7:56 am

Small sample size but bullish numbers nonetheless.

Of course, I will have to throw in a bear comment 🙂

Only 1 sale in the first half of Sept.

Bob Lucas Says:
September 16th, 2010 at 8:58 am

Just curious: what does $8,700,000 get you in Kerrisdale that you can’t get elsewhere in the city?

September 16th, 2010 at 9:53 am

@bob
that depends on what you are looking for in a neighbourhood/community. $8.7 will certainly get you different home styles in different location.

September 16th, 2010 at 9:54 am

@special
that’s probably the most ‘balanced’ comment you have made. if I see any more like this I’ll consider it a trend. 🙂

specialfx3000 Says:
September 16th, 2010 at 10:50 am

I’m generally not fond of realtors (surprise, surprise) but I do appreciate your ethics and valuable input. I would definitely consider your services when the time is right.

A trend is forming yet?

September 16th, 2010 at 11:05 am

@special

Warm fuzzies! Very kind 🙂

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