Detached home sales (4) were slightly down for July 2017 when compared to the same month last year (5). Three homes sold above their asking price and one sale was at its asking price. The highest priced home to sell in July was for $3,688,000 and the lowest priced home to sell was for $2,495,000. Also all sales were above their 2017 tax assessment values. There were two price reductions during the month as well as 2 listings which expired.
Currently there are 29 detached homes for sale and this is down from last month where there were 32 homes for sale. The lowest priced home for sale is listed at $2,298,000 (560 West 19th Ave) and the highest priced home for sale is listed at $11,000,000 (485 West 35th Ave). The average listing price in the Cambie area is currently $4,318,555.
Cambie Average Sale
July 2017 $2,975,750
July 2016 $3,271,900
July 2015 $2,255,033
July 2014 $1,814,250
Average Days on Market
July 2017 - 29
July 2016 - 25
July 2015 - 26
July 2014 - 40
Sold % of Asking Price
July 2017 - 100.6%
July 2016 - 98.2%
July 2015 - 100.2%
July 2014 - 98.4%