Snapshot Series – Fairview Attached

Fairview Attached

The numbers are slightly different from yesterday’s Kitsilano Attached snapshot but visually Fairview’s Attached Snapshot bears similarity.

In the two periods extending from August 19, 2010 to October 19, 2010O attached properties in the Fairview neighbourhood showed the following results.

Listings

Total Listings declined slightly from Aug/Sept’s 269 to Sept/Oct’s 256.

Sales

Sales volume decreased from Aug/Sept’s 41 to Sept/Oct’s 29 leaving Fairview’s attached sales a little more robust than that seen in Kitsilano.

Expired, Reductions, Increases, Days on Market

• Aug/Sept had 16 listing mandates expire which increased in Sept/Oct to 18.
• Price reductions in Aug/Sept were 72 and remained steady with Sept/Oct recording 71 reductions.
• There were 3 price increase in Aug/Sept and 5 in Sept/Oct.
• It took an average of 43 days to sell an attached Fairview home in Aug/Sept. This shortened to 37 days in Sept/Oct.

Average and Median Prices

Fairview – appoximate location of the Olympic Athletes Village – ‘Millenium’ 1960-80

• In the Aug/Sept period the Average Ask price was $524,114. In Sept/Oct the average increased to $556,993.
• The Median Ask price in Aug/Sept was $479,000 increasing to 499,900 in the Sept/Oct period.
• The Average Sold price in the Aug/Sept $513,472. Sept/Oct saw the Fairview Attached Average sold prices increase to 547,436.
• The Median Sold price in the Aug/Sept period recorded $470,000 increasing to $492,000 in the Sept/Oct period.