Cambie Real Estate Update (August 2013)

Detached home sales were up for August 2013 as there were 4 sales compared to 3 sales for the same month last year. The highest priced home to sell in August was for $1,810,000 (531 W 27th Ave - 58’ X 125’ lot size) and the lowest priced home to sell was for $1,225,000 (40 W 40th Ave – 33’ X 122’ lot size). All 4 sales were above their 2013 tax assessment values and they were all below their asking price.

Currently there are 44 homes for sale and this is up from last month where there were 42 homes for sale. The lowest priced home for sale is $1,448,000 (825 W King Edward Ave - 50’ X 127’ lot size) and the highest priced home for sale is $5,000,000 (506 W 27th Ave - 67’ X 150’ lot size). Also at the end of August, 8 listings expired as they were unable to sell. However 3 of the 8 homes have come back on the market.

Additional August Cambie Area Sales
5626 Elizabeth St    Asking $1,788,000 Sold $1,610,000
138 W 39th Ave        Asking $1,798,800 Sold $1,715,000

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