False Creek Real Estate Statistics: September 2008

I never got these out last month, but I am getting back into a blogging frame of mind so I hope to have these out early every month from now on. The Vancouver real estate market has changed dramatically and continues to do so. Inventory across the city is way up and sales numbers are down significantly. Price are falling. Here in False Creek August saw an almost complete drought with only 3 sales and 8 new listings.  

LISTED IN FALSE CREEK IN SEPTEMBER (last 2 month's numbers in brackets)

Freehold Strata Units Listed: 20 (6,28)
Pre-paid Leasehold Strata Units Listed: 12 (2,2)
Non Pre-paid Leasehold Strata Units Listed: 1 (0,1)
Total Units Listed: 33 (8,23)

Median list price: $549,000 ($574,950,$599,000)

SOLD IN FALSE CREEK IN SEPTEMBER (last 3 month's numbers in brackets)

Sold from listed in September: 6

Freehold Strata Units Sold: 4 (2,8)
Pre-paid Leasehold Strata Units Sold: 3 (1,1)
Non Pre-paid Leasehold Strata Units Sold: 0 (0,0)
Total Units Sold: 7 (3,9)

Average Sold Price: $541,214 ($734,000)
Median Sold Price: $545,000 ($550,000)

Average Days on Market: 21 (71, 29)
Median Days on Market: 12  (61, 14)

I am never too busy for your False Creek real estate questions.

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