Land Rush Olympic Style
Posted January 24th, 2010 in Kitsilano, Neighbourhood SnapShot | 
Kitsilano 30 and 60 Days
Kitsilano Detached real estate during the current past 30 day period Dec. 25/09 to Jan. 24/10 compared to the previous 30 day Nov. 25/09 to Dec. 24/09 period saw total listings decrease from to 40 to 28 with Sales revealing a more dramatic change dropping from 14 to 3.
Average SOLD prices which normally experience the anomaly commonly associated with Averages – the skew, this time seem justified with median Solds exhibiting a similar pattern of prices dropping!
Numbers
FOR SALE
| FOR SALE |
This Month |
Last Month |
| Total Listings |
28 |
40 |
| Total Listing Average Price |
$1,622,314 |
$1,697,844 |
| Total Listing Median Price |
$1,443,000 |
$1,543,944 |
EXPIRED
| Expired Listings |
1 |
2 |
| Average Expired Price |
$929,000 |
$1,768,444 |
| Median Expired Price |
$929,000 |
$1,768,444 |
SOLD
| SOLD |
3 |
14 |
| Average Sold ASKING Price |
$1,225,300 |
$1,682,642 |
| Average Sold Price |
$1,310,000 |
$1,659,428 |
| Median Sold ASK Price |
$1,288,000 |
$1,518,500 |
| Median Sold Price |
$1,250,000 |
$1,516,000 |
HIGH/LOW
| Highest List Price |
$2,998,000 |
$2,998,000 |
| Lowest List Price |
$959,000 |
$959,000
|
What to Make of It
Understanding this change in all things Detached Kitsilano, might best be explained as night terrors. Taking many forms, one might be VISA® bills arriving with the totals for the holiday spending spree. That all expense paid trip to Hawaii has a different tone when it’s your expense – oh happy day! Then again, another could be that the market could be melting as fast as the Olympic snow on Cypress Mountain.
Either way, it’s too early to suggest that real estate market drama is unfolding in Kitsilano. Fortunately, we will soon have the games afoot to help us forget thoughts of such woes. Who knows – by the time the games end, it’s entirely possible that we’ll discover that B.C. really is supernatural and with any luck, boarding competitors will find gold amongst the rocks of Cypress Mountain and begin a land rush unseen before. 
Uh Larry…so, what’s your inference on the market?
Larry,
You teaser, you!
Boombust – Tickle Tickle
Tom W – ‘inference’ – currently looking under RE rocks for traces of brilliance.