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%