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Cambie Real Estate Update (August 2016)

Detached home sales (1) were really down for August 2016 when compared to the same month last year (8).  The only home sale in August sold for 2,650,000 and this was above its asking price. Also this sale was above its 2016 tax assessment value. In terms of price changes, there were 2 price reductions during the month and 3 listings expired.  

 

Currently there are 33 detached homes for sale and this is down from last month where there were 39 homes for sale.  The lowest priced home for sale is listed at $2,189,000 (564 West 17th Ave) and the highest priced home for sale is listed at $6,200,000 (588 West King Edward Ave).  The average listing price in the Cambie area is currently $3,609,242.  For all current listing information, please visit cambie-homes.com.

 

Cambie Average Sale

August 2016  $2,650,000

August 2015  $2,646,013                

August 2014  $1,777,000

August 2013  $1,830,667

 

Average Days On Market

August 2016 - 32

August 2015 - 14

August 2014 - 141

August 2013 - 56

 

Sold % of Asking Price

August 2016 - 95.9%

August 2015 - 107.9%

August 2014 - 95.4%

August 2013 - 91.7%

 

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.