One Spoon Too Many

Vancouver West

If you have the opportunity to chat with some West Side Realtors®, in particular those who haven’t made a sale, you might find hints suggesting the heat of Vancouver’s West Side market isn’t melting their pot.

This snapshot period extends from September 28, to November 27, 2011.

Total Listings

West side Total Listings slowed a bit from Sept/Oct’s 907 down to Oct/Nov’s 884.

Vancouver West Homes Sold

Don’t bother calling the fire department as sales are anything but on fire as Sept/Oct’s 118 sold units only simmered in Oct/Nov at 82.

Expired, Days on Market

  • Expired listing mandates might be the reason for smoke in your kitchen as they have increased from Sept/Oct’s 56 to Oct/Nov’s 69.
  • In contrast the Days on Market are as positive sign that buyers are arriving at a home buying decision more quickly as the market exposure period dropped from Sept/Oct’s 36 days to Oct/Nov’s 33.

Vancouver West Side Homes Average and Median Prices

  • Prices on the other hand seem to be just at the boil as Sept/Oct’s Average Ask price of $2,366,318 heated up to Oct/Nov’s $ 2,534,376.
  • With two pots on the stove, the Median Ask price followed the average as Sept/Oct’s median of $2,198,000 heated up to Oct/Nov’s $2,248,000.
  • The Average Sold price in the Sept/Oct was $2,287,717. The heat was on in Oct/Nov as Average Sold prices climbed to $2,403,021.
  • The Median Sold price in Sept/Oct recorded $2,124,000. On Medium heat this too climbed slightly to $2,195,000 in Oct/Nov.

Spicy Thoughts

It’s a safe bet that most of us could use a cooking class to help improve the taste and flavor of the food we eat. Depending on which table you’ve been asked to sit at for dinner you will in this city, find dinners varied with spices from around the world.

Interpreting the essence of this snapshot you might compare it to the spice infused in your meal. Long the bastion of higher prices, the west side once again in comparison to other communities, could be considered the leader of the high price pack. Such a view might be akin to a market place where sellers are serving dinner re splendid with spicy aromas. Buyers sitting at that seller’s table may be reviewing their new higher mortgage payment and think that a spoon full of west side spice may be one spoon too many.

Image Credit 01 Image Credit 02

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:

JEV Says:
November 30th, 2011 at 3:21 pm

Definitely looks like a market in freefall.

November 30th, 2011 at 5:28 pm

@jev

nah! this isn’t mining stock. it’s the “just before Christmas blues”

Garth Turner Says:
November 30th, 2011 at 7:55 pm

Toast! Dont be fooled!!

November 30th, 2011 at 9:08 pm

@Garth Turner aka Bubbleboy

IP addresses let you run but you can’t hide.
Stop being a jerk by hiding behind Turner’s name. Plan ‘B’ would be to piss off. I’m not a fan of dumb ass gamesmanship.

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