Cambie Real Estate Update (February 2017)

Detached home sales (3) were really down for February 2017 when compared to the same month last year (18). One home sold above its asking price and the other 2 sold below their asking price. The highest priced sale was $2,735,000 and the lowest priced sale was $1,960,000. Also 2 sales sales were below their 2016 tax assessment values and one was above. In terms of price reductions, there were none during the month and only one listing expired.


Currently there are 28 detached homes for sale and this is up from last month where there were 26 homes for sale. The lowest priced home for sale is listed at $2,188,000 (931 West 18th Ave) and the highest priced home for sale is listed at $5,999,000 (656 West King Edward Ave). The average listing price in the Cambie area is currently $3,488,314 (last month $3,556,800).

 

Cambie Average Sale
February 2017 $2,348,333
February 2016 $2,783,027
February 2015 $2,135,754
February 2014 $1,927,647

 

Average Days on Market
February 2017 - 7
February 2016 - 19
February 2015 - 66
February 2014 - 28

 

Sold % of Asking Price
February 2017 - 97.6%
February 2016 - 105.6%
February 2015 - 102.6%
February 2014 - 98.5%

Cambie Real Estate Update (February 2017)

Detached home sales (3) were really down for February 2017 when compared to the same month last year (18). One home sold above its asking price and the other 2 sold below their asking price. The highest priced sale was $2,735,000 and the lowest priced sale was $1,960,000. Also 2 sales sales were below their 2016 tax assessment values and one was above. In terms of price reductions, there were none during the month and only one listing expired.


Currently there are 28 detached homes for sale and this is up from last month where there were 26 homes for sale. The lowest priced home for sale is listed at $2,188,000 (931 West 18th Ave) and the highest priced home for sale is listed at $5,999,000 (656 West King Edward Ave). The average listing price in the Cambie area is currently $3,488,314 (last month $3,556,800).

 

Cambie Average Sale
February 2017 $2,348,333
February 2016 $2,783,027
February 2015 $2,135,754
February 2014 $1,927,647

 

Average Days on Market
February 2017 - 7
February 2016 - 19
February 2015 - 66
February 2014 - 28

 

Sold % of Asking Price
February 2017 - 97.6%
February 2016 - 105.6%
February 2015 - 102.6%
February 2014 - 98.5%

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.