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Cambie Real Estate Update (November 2016)

Detached home sales (3) were really down for November 2016 when compared to the same month last year (11).  All three homes sold below their asking price. Also all sales were above their 2016 tax assessment value. In terms of price changes, 2 homes reduced their price and 5 listings expired.

 

Currently there are 26 detached homes for sale and this is slightly up from last month where there were 24 homes for sale.  The lowest priced home for sale is listed at $1,998,000 (12 West 18th Ave) and the highest priced home for sale is listed at $5,999,000 (656 West King Edward Ave).  The average listing price in the Cambie area is currently $3,494,569. For all current listing information, please visit Cambie-Homes.com.

 

Cambie Average Sale

November 2016  $2,593,333

November 2015  $2,723,561                

November 2014  $2,432,818

November 2013  $2,002,438

 

Average Days On Market

November 2016 - 14

November 2015 - 73

November 2014 - 62

November 2013 - 36

 

Sold % of Asking Price

November 2016 - 95.0%

November 2015 - 98.2%

November 2014 - 92.6%

November 2013 - 97.8%

 

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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.