East Side Homes Chill

Community Snapshot – Vancouver East

Sixth in the series of seven community snapshots is a look at the Vancouver East Detached home market.

During the periods of October 26, 2010 to November 26, 2010 and November 26, 2010 to December 26, 2010 single family home sales in the Vancouver East community had the following results.

Total Listings

Listings decreased from Oct/Nov’s 526 to Nov/Dec’s 466.

Vancouver East Homes Sold

Sales dropped by more than 50% from Oct/Nov’s 118 in Nov/Dec’s 52.

Expired, Reductions, Increases, Days on Market

  • Oct/Nov had 43 listing mandates expire. Expired mandates increase to 49 in Nov/Dec.
  • Price reductions in Oct/Nov totalled 133 and slowed to 116 in Nov/Dec.
  • There were 15 price increases in Oct/Nov and 16 in Nov/Dec.
  • It took 49 days to sell a home in both periods.

Vancouver East Side Homes Average and Median Prices

  • Oct/Nov’s Average Ask price was 798,492. The Average Ask price slowed in Nov/Dec to $764,819.
  • The Median Ask price in Oct/Nov was $784,000. The median also dropped to $737,450 in Nov/Dec.
  • The Average Sold price in the Oct/Nov was $786,164. In Nov/Dec sold prices dropped $749,505.
  • The Median Sold price in Oct/Nov was $759,000. In Nov/Dec the median sold price dropped to $727,500.

Thoughts

Reflecting the traditional slow period of the holiday season there are few surprises seen in this snapshot. Almost all major indicators like these Vancouver swimmers in 1925, took a ‘dive’ as buyers and sellers focused their attention to seasonal priorities.

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:

Samsonite Says:
December 31st, 2010 at 11:07 am

Hi Larry,

Any sense of coffee talk and your assessments of these (albeit holiday season impacted) trends as we move into the new year?

All the best to you and your family in 2011, hope you have a great year.

December 31st, 2010 at 4:38 pm

@samsonite
re: coffee, nope – everybody is sunning or hibernating.

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