Vancouver West Sliding

It’s Almost All Downhill

Vancouver’s West Side Detached real estate during the current past 30 day period Oct. 21 to Nov. 20, 2009 compared to the previous 30 days, Sept. 21 – Oct. 20, 2009 period saw Total Listings take a drop from 700 to 617.

In parallel with the east side, sales dropped from 188 to 108. Average Sold prices dropped from Sept/Oct’s $1,762,382 to Oct/Nov’s $1,648,971. Median Sold Price increased from Sept/Oct’s $1,550,000 to Oct/Nov’s $1,567,500.

Expired listings in Oct/Nov settled at 30 – down from Sept/Oct’s 33. Price reductions for Oct/Nov rang the bell at 95.

Numbers

FOR SALE

FOR SALE	This Month 30 Days	Last Month 60 Days
Total Listings	617	700
Average Active Listing Price	$2,650,328	$2,650,328
Median Active Listing Price	$1,990,000	$1,990,000

EXPIRED

Expired Listings	30	33
Average Expired Price	$2,317,190	$2,096,778
Median Expired Price	$1,848,500	$1,528,000

SOLD

SOLD	108	188
Average Sold ASKING Price	$1,675,505	$1,815,286
Average Sold Price	$1,648,971	$1,762,382
Median Sold ASK Price	$1,579,500	$1,548,000
Median Sold Price	$1,567,000	$1,550,000

HIGH/LOW

Highest List Price	$22,000,000	$22,000,000
Lowest List Price	$227,000	$227,000

What’s Goin On?

Sales down, prices down, listings down – makes you wonder what’s going on. Is the 09 Vancouver Real Estate Rush slowing? Has that magic thing called affordability reared it’s head or is the Vancouver real estate west side market just catching it’s breath?

*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.