Vancouver Real Estate - 7 DAYS - Kitsilano Detached Homes
Posted August 22nd, 2008 in Real Estate, Statistics
One of the most satisfying observations about real estate is that it is always up or down. As someone who thinks “cup half full”, this means that 50% of the time I’m right!
Active Listings
65 Active Listings
- High $19,000,000
- Low $799,000
- Average $2,143,766
- Median$ $1,469,000
Sold
No lisings Sold this week
Expired
2 Listings
Expired- High $8,900,000
- Low $1,398,000
- Average $5,149,000
- Median $5,149,000
Price Reductions
21 Homes Reduced their Price
Thoughts
The Kitsilano Detached market is continuing on the path set some weeks ago with almost 1/3 reducing their price in an attempt to attract buyers. Based on the fact that there were no sales last week one concludes that the reductions are not enough to generate an acceptable offer.
Projection
Continued price reductions, and more listing mandates will expire. These usually happen near the end of the month so next weeks numbers should reflect a greater number of expired listings.
Got a Vancouver Real Estate question? Always happy to answer it. Call or send me an email or twitter me @yattermatters.
Larry
data Courtesy REBGV. Buying or Selling have your Realtor confirm and discuss before making a decision.
