Cambie Real Estate Update (December 2013)

Detached home sales were down for December 2013 as there were 2 sales compared to 4 sales for the same month last year. The highest priced home to sell in December was for $2,070,000 (123 W 26th Ave - 33’ X 155’ lot size) and the lowest priced home to sell was for $1,499,800 (979 W 17th Ave – 33’ X 122’ lot size). Both sales were above their 2013 tax assessment values.

Currently there are 35 homes for sale and this is down from last month where there were 38 homes for sale. The lowest priced home for sale is $948,000 (57 W 41st Ave - 33’ X 112’ lot size) and the highest priced home for sale is $5,000,000 (506 W 27th Ave – 67.5’ X 150’ lot size). At the end of December, there were six listings that expired as they were unable to sell.

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