Yatter Matters » Kerrisdale

Staid and Steady

yattermatters — Thu, 16 Sep 2010 11:00:39 +0000

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

Kerrisdale on Track

yattermatters — Sat, 28 Nov 2009 03:20:32 +0000

Kerrisdale 30 Days

Kerrisdale Detached real estate market during the past 30 day period of October 28,2009 to November 27,2009 has countered a modest pattern witnessed in other neighbourhoods.

Kerrisdale – a bastion of all things good on the West side of Vancouver, continues to follow the track set down by the 2009 market with both price and sales on the rise.

The past 30 day period Oct 28 to Nov 27 2009 compared to a similar period in Sept/Oct, saw both average and median sold prices rise. While modest, sales were up, active listings held and expired mandates decreased.

Numbers

FOR SALE

FOR SALE	This Month	Last Month
Total Active Listings	30	30
Average Active Listing Price	$2,631,326	$2,631,326
Median Active Listing Price	$2,288,000	$2,288,000

EXPIRED

Expired Listings	1	2
Average Expired Price	$1,798,000	$2,144,000
Median Expired Price	$1,798,000	$2,144,000

SOLD

SOLD	6	7
Sold Average ASKING Price	$2,246,142	$2,106,500
Sold Average Sale Price	$2,158,142	$2,027,000
Median Sold ASK Price	$2,750,000	$2,034,000
Median Sale Price	$2,520,000	$1,891,000

HIGH/LOW

Highest List Price	$5,888,000
Lowest List Price	$958,800

Riding the Rails

Reflecting on the posts of the last few days Kerrisdale may be the only Vancouver neighbourhood train of good news.

*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.

Kerridale – Neighbourhood Numbers

yattermatters — Thu, 27 Aug 2009 21:55:45 +0000

Kerrisdale 30 Days

Kerrisdale Detached real estate market during the past 30 day period of July 28,2009 to August 27,2009 has remained steady. Little changed from the previous period extending from 06/28/09 to 07/27/09. True to its staid, unruffled, neighbourhood character, the numbers for Kerrisdale will for some, be less exciting than waiting for the next train.

For those who who aren’t familiar, memory serves that a train hasn’t run down these tracks which are in the heart of Kerrisdale, for perhaps 10 years!

Numbers

FOR SALE

FOR SALE	This Month	Last Month
Total Listings	45	43
Average Active Listing Price	$2,562,879	$2,562,879
Median Active Listing Price	$2,280,000	$2,280,000

EXPIRED

Expired Listings	2	2
Average Expired Price	$1,693,000	$2,314,000
Median Expired Price	$1,693,000	$2,314,000

SOLD

SOLD	14	12
Sold Average ASKING Price	$1,571,214	$1,551,083
Sold Average Sale Price	$1,543,950	$1,515,666
Median Sold ASK Price	$1,399,000	$1,648,000
Median Sale Price	$1,405,650	$1,557,500

HIGH/LOW

Highest List Price

$6,800,000

Lowest List Price

$829,500

Outlook

The median sold prices have increased slightly from the earlier period. Kerrisdale joins other passengers on today’s train of good news as Cameron Muir, BCREA’S Chief Economist proclaims sales will continue to climb.

30 Days in Kerrisdale – Jan-Feb 09

yattermatters — Fri, 27 Feb 2009 07:41:38 +0000

Courtesy Vancouver Archives – Home Circa 1920 at 43rd and Granville

Kerrisdale 30 Days

Kerrisdale Detached real estate during the past 30 day period of January 27, 2009 to February 26,2009.

Numbers

FOR SALE

Active Listings	50
Average Listing Price	$1,961,977
Median Listing Price	$1,650,000

EXPIRED

Expired Listings	5
Average Expired Price	$1,830,600
Median Expired Price	$1,780,000

SOLD LISTINGS

Sold Listings	3
Average Sold Asking Price	$2,059,000
Average Sold Price	$1,764,000
Median Sold Ask Price	$1,838,000
Median Sold Price	$1,613,000

HIGH/LOW

Current Highest List Price	$6,280,000
Current Lowest List Price	$849,000

Outlook

Of 58 listings, 18 have reduced their price. This reflects the continued struggle of home sellers to find a price point that will attract a buyer.

* Read ScotiaGroup’s Real Estate Trends by Andrienne Warren for an economic view.

_____________________________________________________________________________________________

I’m always happy to answer your Vancouver Real Estate question. Call or send me an email Twitter or Skype me at YatterMatters.

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.

30 Days in Kerrisdale – a Vancouver Neighborhood

yattermatters — Sat, 24 Jan 2009 06:11:29 +0000

Kerrisdale 30 Days

Kerrisdale Detached real estate during the past 30 day period of December 24, 2008 to January 23,2009 experienced the continuing decline in sales activity.

Numbers

FOR SALE

Active Listings	43
Average Listing Price	$1,951,229
Median Listing Price	$1,650,000

EXPIRED

Expired Listings	7
Average Expired Price	$1,295,571
Median Expired Price	$1,280,000

SOLD LISTINGS

Sold Listings	2
Average Sold Asking Price	$1,968,500
Average Sold Price	$1,722,500
Median Sold Ask Price	$1,968,500
Median Sold Price	$1,722,500

HIGH/LOW

Current Highest List Price	$6,280,000
Current Lowest List Price	$749,000

Outlook

Buyers are waiting on the sidelines in anticipation of a further price reductions. 31 of the 43 or 72% of the active listings, had price reductions. Only 4.7% of listed properties sold during this period.

_____________________________________________________________________________________________

I’m always happy to answer your Vancouver Real Estate question. Call or send me an email Twitter or Skype me at YatterMatters.

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.