Check out the following two graphs illustrating the changes in the housing market over the last couple months. The first is from November/December 2008 and the second reflects a more current 30 day period in 2009.
Comparing the two time periods, today we have almost half the number of listings and four times more sales rising from 2 to 8 – which are selling at a slightly higher average price. The average number of days on the market has increased from 54 days to 90 days. Price reductions continue the march downward with 21 of 44 properties reducing their price. The lowest list price is $699K and the highest is $9.5 Million.
Thoughts?
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
