30 Days in Oakridge – a Vancouver B.C. Neighbourhood
Posted March 27th, 2009 in Neighbourhood SnapShot, Oakridge, Real Estate, Statistics | 
Oakridge 30 Days
Oakridge Detached real estate during the past 30 day period of February 25 2009 to March 27,2009 experienced a increase in the number of sales up at 3 – up 2. The number of active listings remained steady. Average active list prices also held steady. The spread between the average Sold and average Ask is in the 9% range during this period. The challenge of finding the market floor continues as 40% of the active listings reduced their price during this period.
Numbers
FOR SALE
| FOR SALE |
This Month |
Last Month |
| Active Listings |
10 |
10 |
| Average Active Listing Price |
$1,222,800 |
1,222,800 |
| Median Listing Price |
$1,319,000 |
N/K |
EXPIRED
| Expired Listings |
2 |
1 |
| Average Expired Price |
$1,233,000 |
$1,398,000 |
| Median Expired Price |
$1,614,000 |
N/K |
SOLD
| SOLD |
3 |
1 |
| Average Sold ASKING Price |
$1,021,333 |
N/K |
| Average Sold Price |
$924,666 |
N/K |
| Median Sold ASK Price |
$1,678,000 |
$1,834,400 |
| Median Sold Price |
$1,068,000 |
N/K |
HIGH/LOW
| Highest List Price |
$1,690,000 |
$1,690,000 |
| Lowest List Price |
$649,000 |
$649,000
|
Outlook
New confidence associated with lower interest had provided a spring blush to this neighbourhood. While Buyers are realizing interest savings they continue to seek sellers who are prepared to negotiate their asking price. It is expected that this type of sales activity will continue.
*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.
*** N/K – indicates the sample size is too small to provide an accurate number
