Cambie Real Estate Update (December 2014)

Detached home sales were up for December 201 4 as there were 4 sales compared to 2 sales for the same month last year. The highest priced home to sell in December was for $2,650,000 and the lowest priced home to sell was for $1,630,000. One home sold over its asking price while the rest of the sales were all below their asking price. All 4 sales were above their 2014 tax assessment values.

Currently there are 34 homes for sale and this is up from last month where there were 32 homes for sale. The lowest priced home for sale is listed at $1,698,000 (761 W 26th Ave) and the highest priced home for sale is listed at $4,500,000 (938 West 32nd Ave). During December, there were no price reductions or any listings which expired.

Cambie Average Sale

December 2014 $2,424,000

December 2013 $1,799,950

December 2012 $2,294,000

December 2011 $2,457,620

Average Days On Market

December 2014 - 29

December 2013 - 94

December 2012 - 34

December 2011 - 66

Sold % of Asking Price

December 2014 - 97.6%

December 2013 - 96.0%

December 2012 - 88.5%

December 2011 - 86.6%

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