Cambie Real Estate Update (May 2016)

Detached home sales (7) were down for May 2016 when compared to the same month last year (16).  The highest priced home to sell in May was for $3,800,000 and the lowest priced home to sell was for $2,600,000.  Four homes sold above their asking price and one sale was at their asking price.  Also all 7 sales were above their 2015 tax assessment values. In terms of price changes, two homes lowered their asking price.

 

Currently there are 32 detached homes for sale and this is up from last month where there were 31 homes for sale.  The lowest priced home for sale is listed at $1,198,000 (731 West 17th Ave) and the highest priced home for sale is listed at $6,460,000 (5348 Manson Street).  The average listing price in the Cambie area is currently $3,059,714.  

 

Cambie Average Sale

May 2016  $3,267,408

May 2015  $2,200,000                

 May 2014  $2,070,141

May 2013  $1,693,461

 

Average Days On Market

May 2016 - 38

May 2015 - 21

May 2014 - 31

May 2013 - 25

 

Sold % of Asking Price

May 2016 - 102.6%

May 2015 - 100.0%

May 2014 - 98.7%

May 2013 - 96.6%

 



Cambie Real Estate Update (May 2016)

Detached home sales (7) were down for May 2016 when compared to the same month last year (16).  The highest priced home to sell in May was for $3,800,000 and the lowest priced home to sell was for $2,600,000.  Four homes sold above their asking price and one sale was at their asking price.  Also all 7 sales were above their 2015 tax assessment values. In terms of price changes, two homes lowered their asking price.

 

Currently there are 32 detached homes for sale and this is up from last month where there were 31 homes for sale.  The lowest priced home for sale is listed at $1,198,000 (731 West 17th Ave) and the highest priced home for sale is listed at $6,460,000 (5348 Manson Street).  The average listing price in the Cambie area is currently $3,059,714.  

 

Cambie Average Sale

May 2016  $3,267,408

May 2015  $2,200,000                

 May 2014  $2,070,141

May 2013  $1,693,461

 

Average Days On Market

May 2016 - 38

May 2015 - 21

May 2014 - 31

May 2013 - 25

 

Sold % of Asking Price

May 2016 - 102.6%

May 2015 - 100.0%

May 2014 - 98.7%

May 2013 - 96.6%

 



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.