This is my last Vancouver community market update for the month of November. My goal is to keep you as informed as possible as to what’s happening in the Vancouver real estate market. With the information at your fingertips, the tough decisions are easier to make.
This last update is for the Grandview area of Vancouver (aka Commercial Drive) in November 2008. I’ve included the chart above so that you can see visually what’s been happening in the Grandview real estate market over the course of the past year.
Grandview Vancouver Homes for Sale (Grandview Vancouver Condos only) – 64
The Grandview area of Vancouver had 64 Active Listings in the month of November 2008. This is down from 74 in October which was the high for the year. As we’ve seen in most of my other market areas, the trend last month was generally down (other than in the West End)
Grandview Vancouver Homes Sold (Grandview Vancouver Condos only) – 7
With only 7 sales in the area, there is little to celebrate. However, one bright light is that this is a rise from the previous month’s sales of only 5 in Grandview.
Average Sale Price rose significantly to $394,000. The Average Days on Market also rose up to 68 days from the previous month’s unusual number of just 23. The Average Per Square Foot Price was $394 for Grandview (Commercial Drive) Vancouver condos in October, 2008.
Grandview Vancouver Home Sale Prices (Grandview Vancouver Condos only)
There wer 3 sale between $200,000 and $300,000, 1 sale between $300,000 and $400,000, 2 sales between $400,000 and $500,000 and 1 sale between $700,000 and $800,000.
The least expensive sale was a 850 sq ft, 16 year old two bedroom for $242,000. The most expensive sale was a 1951 sq ft, brand new 2 bedroom for $750,000.
Looking for More Information on Vancouver Real Estate?
If you’d like to review some other current and in depth statistics, you might want to take a brief look at some other Vancouver real estate statistics that I compile:
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