Vancouver Real Estate Snapshot – East Side Pie

Vancouver East

Except for the decreased number of sales the Vancouver East market could be considered a truck load of pumpkins waiting for Halloween.

As with the previous community check ups the period for this snapshot extends from August 24,2011 to October 24, 2011.

Total Listings

Getting ready to carve a great lantern the east side seems on the right track as Total Listings are on the decline from Aug/Sept’s 811 to Sept/Oct’s 714.

Vancouver East Homes Sold

One pumpkin that has fallen off the truck is sales. Aug/Sept a slow period by REBGV reports, seems even slower in this snapshot as sales dropped to Sept/Oct’s total of 71.

Expired, Days on Market

  • Expired listing mandates well stowed on the truck as they reduced from Aug/Sept’s 53 to Sept/Oct’s 40.
  • Days on Market at the bottom of the load are feeling squashed as they climbed from Aug/Sept’s 29 to Sept/Oct’s 34.

Vancouver East Side Homes Average and Median Prices

  • Not as high in the load was Aug/Sept’s Average Ask price of $901,592. Feeling what little sun there is in Sept/Oct the Average Ask price increased to $912,950.
  • The Median Ask price felt the squeeze as well with Aug/Sept reporting $850,000. Finding it’s way through the crowd of orange the Median Ask price increased a little in Sept/Oct to $869,500.
  • The Average Sold price in the Aug/Sept was $895,681. It too fell some sun as it increased to 900.684 in Sept/Oct.
  • The Median Sold price in Aug/Sept recorded $862,000. Peeking out through the load it increased to $869,000 in Sept/Oct.

Left Overs

Though the pumpkins on the east side real estate truck are polished and ready for sale it seems that based on the number of sales to date, Halloween revelers are going to leave this truck with a lot of left overs.

Maybe November will be a great month in which to make pumpkin pie for all of the east side.

Image Credit – Large Pie

Image Credit – Pumpkin Truck

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.

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*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:

vanpro Says:
October 31st, 2011 at 8:56 am

Wow! more than 50% plunge in sales (155 to 71) !! While listings remain high at 714 – that’s an MOI of 10 !!!

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