Cambie Real Estate Update (February 2016)

Detached home sales (15) were up for February 2016 when compared to the same month last year (12).  The highest priced home to sell in February was for $4,131,429 and the lowest priced home to sell was for $2,160,000.  Ten homes sold above their asking price and one home sold at its asking price.  Also all 15 sales were above their 2015 tax assessment values. There were 2 price increases during the month and one home came off the market as the listing expired.

 

Currently there are 31 detached homes for sale and this is down from last month where there were 33 homes for sale.  The lowest priced home for sale is listed at $1,998,000 (970 West 17th Ave) and the highest priced home for sale is listed at $6,398,000 (5348 Manson Street).  The average listing price in the Cambie area is currently $2,871,320.  

 

Cambie Average Sale

February 2016  $2,996,628

February 2015  $2,135,754

February 2014  $1,927,647

February 2013  $1,565,286

 

Average Days On Market

February 2016 - 19

February 2015 - 66

February 2014 - 28

February 2013 - 21

 

Sold % of Asking Price

February 2016 - 105.6%

February 2015 - 102.6%

February 2014 - 98.5%

February 2013 - 95.8%

Cambie Real Estate Update (February 2016)

Detached home sales (15) were up for February 2016 when compared to the same month last year (12).  The highest priced home to sell in February was for $4,131,429 and the lowest priced home to sell was for $2,160,000.  Ten homes sold above their asking price and one home sold at its asking price.  Also all 15 sales were above their 2015 tax assessment values. There were 2 price increases during the month and one home came off the market as the listing expired.

 

Currently there are 31 detached homes for sale and this is down from last month where there were 33 homes for sale.  The lowest priced home for sale is listed at $1,998,000 (970 West 17th Ave) and the highest priced home for sale is listed at $6,398,000 (5348 Manson Street).  The average listing price in the Cambie area is currently $2,871,320.  

 

Cambie Average Sale

February 2016  $2,996,628

February 2015  $2,135,754

February 2014  $1,927,647

February 2013  $1,565,286

 

Average Days On Market

February 2016 - 19

February 2015 - 66

February 2014 - 28

February 2013 - 21

 

Sold % of Asking Price

February 2016 - 105.6%

February 2015 - 102.6%

February 2014 - 98.5%

February 2013 - 95.8%

Market Insight
  • View recent sold prices
  • Average asking prices
  • How fast are homes selling
  • Is it a buyers or sellers market
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.