Tuesday, September 21, 2010

Some numbers

West Van 12 New, 6 Changes, 1 Sale

North Vancouver 24 New, 8 changes, 12 Sales

Van West 71 New, 24 Changes, 18 Sales

Whistler 5 New, 1 Change, 0 Sales.

BTW- ear on the ground from some agent friends, off-shore owners may be net sellers. Lost of them have listed and sold. Maybe the high prices + high CAD were too tempting...or maybe the tax/strata- fix and repair daily was too much.

In any case this would seem to against the urban myth prevalent now.


  1. Some more numbers (from Larry's site) - looks like a lot of sales over/at ask


    Random Recent Confirmation from Two Areas
    West Side Ask Sell
    3279 West 3rd $1,098,000 $1,323,800
    3003 West 13th $1,075,000 $1,185,000
    2830 West 6th $1,098,000 $1,093,500
    East Side Ask Sell
    3402 East 28th $998,800 $1,010,000
    1764 Charles $1,050,000 $1,020,000
    34 East 18th $1,038,000 $1,055,000
    5330 Prince Edward $799,900 $825,000

  2. Which defies logic, unless these are sharply priced properties and are causing bidding wars. I could show you just as many sales that went for well under ask.

    One price reductions last night was for 20% off. Just like that!

    BTW Chad- you forgot to mention the part from Larry's post, where he says exceptional (ten out of ten rating) properties are getting bids

    The market smells weak and worried to me, nevertheless nice properties which are well priced are getting a bid. What else would you expect with such low rates and an economy which is still not in a major recession.

  3. Chad- a house sold in West Van for $ 1.3 Million under asking and an apartment first listed for $699K went for $502K after 109 days, another house listed at $1199K went for $1030.