According to data logged to March 07, 2009, Kitsilano detached homes sales for the past month continue to struggle. As of this date, the year-over-year number of detached units sold dropped 75%.
New listings recorded for the month are down by 79% from 268 to 54. The total number of listings is up by 33% at 685 compared to last year’s 514. Average price drop year-over-year is 15%. Almost 50% of the currently listed homes have reduced their prices as sellers reach down to find the price point that will inspire buyers to take action. Ask/Sell average price variance, is approximately 6%.
From the cup half-full – “I was seldom able to see an opportunity until it had ceased to be one.” – Twain
Data courtesy of REBGV. Statistical numbers provided may vary due to dynamic posting by the REBGV. The enclosed information while deemed to be correct is not guaranteed and is provided by Larry Yatkowsky, Realtor®, YatterMatters.com. Further information available by calling 604-657-6236 or emailing lmy@Yattermatters.com.
Last modified: April 6, 2009