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%


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