30 Days in Pt. Grey – a Vancouver Neighbourhood
Posted March 25th, 2009 in Neighbourhood SnapShot, Point Grey, Real Estate, Statistics | 
Point Grey 30 Days
Point Grey Detached real estate during the past 30 day period of February 23, 2009 to March 25,2009 experienced a increase in the number of sales up at 16 – up 2. The number of active listings remained steady. Average and median active list prices held also held steady. The spread between the average Sold and Ask price took about an 8% drop during this period. Struggling to find the floor, there were 28 price reductions, down from 30 in the last period.
Sellers appear prepared to accept a lower selling price as both median and average sold prices have dropped MOM giving way to serious savings for buyers.
Numbers
FOR SALE
| FOR SALE |
This Month |
Last Month |
| Active Listings |
62 |
62 |
| Active Listing Price |
$2,721,243 |
$2,721,243 |
| Median Listing Price |
$1,898,000 |
$1,898,000 |
EXPIRED
| Expired Listings |
2 |
5 |
| Average Expired Price |
$1,614,000 |
$3,113,200 |
| Median Expired Price |
$1,614,000 |
$2,388,000 |
SOLD
| SOLD |
16 |
14 |
| Average Sold ASKING Price |
$1,787,562 |
$1,834,400 |
| Average Sold Price |
$1,645,368 |
$1,838,985 |
| Median Sold ASK Price |
$1,678,000 |
$1,834,400 |
| Median Sold Price |
$1,629,500 |
$1,642,500 |
HIGH/LOW
| Highest List Price |
$19,800,000 |
$19,800,000 |
| Lowest List Price |
$849,000 |
$898,000
|
Outlook
Buyers have found new confidence in lower interest rates offered by the banks. While they are realizing interest savings they continue to seek sellers who are prepared to negotiate prices lower than asking. Looking forward it is expected that this type of activity will continue.
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.
