Cambie Real Estate Update (March 2016)

Detached home sales (8) were down for March 2016 when compared to the same month last year (10).  The highest priced home to sell in March was for $6,298,000 and the lowest priced home to sell was for $2,000,000.  Five homes sold above their asking price and the rest of the sales were all below their asking price.  Also all 8 sales were above their 2015 tax assessment values. In terms of price reductions, there was only 1 during the month.

 

Currently there are 29 detached homes for sale and this is down from last month where there were 31 homes for sale.  The lowest priced home for sale is listed at $2,198,000 (5618 Columbia Street) 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 $3,094,875.  

 

Cambie Average Sale

March 2016  $3,160,625

March 2015  $1,994,375

March 2014  $1,905,206

March 2013  $1,580,107

 

Average Days On Market

March 2016 - 20

March 2015 - 19

March 2014 - 23

March 2013 - 34

 

Sold % of Asking Price

March 2016 - 103%

March 2015 - 97.5%

March 2014 - 98.9%

March 2013 - 96.0%

Cambie Real Estate Update (March 2016)

Detached home sales (8) were down for March 2016 when compared to the same month last year (10).  The highest priced home to sell in March was for $6,298,000 and the lowest priced home to sell was for $2,000,000.  Five homes sold above their asking price and the rest of the sales were all below their asking price.  Also all 8 sales were above their 2015 tax assessment values. In terms of price reductions, there was only 1 during the month.

 

Currently there are 29 detached homes for sale and this is down from last month where there were 31 homes for sale.  The lowest priced home for sale is listed at $2,198,000 (5618 Columbia Street) 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 $3,094,875.  

 

Cambie Average Sale

March 2016  $3,160,625

March 2015  $1,994,375

March 2014  $1,905,206

March 2013  $1,580,107

 

Average Days On Market

March 2016 - 20

March 2015 - 19

March 2014 - 23

March 2013 - 34

 

Sold % of Asking Price

March 2016 - 103%

March 2015 - 97.5%

March 2014 - 98.9%

March 2013 - 96.0%

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.