February 12 – March 6 2008 Sales and Average Sale Price (SFH)
Sales: 16
Average Sales Price: $531,546
Active SFH Listings (March 15 2008): 112
(Source: creb, mls.ca)
A formal comparison or statistical analysis cannot be made because the listings statistic is off 9 days. But just ”eyeballing” the dismal “spring sales” numbers and volume of listings, it looks like sellers will be required to substantially reduce asking prices in this community to trigger a sale. In estimation, Panorama Hills has the worst SFH sales-to-list ratio in Zone A. Will this community be the first to fall? Only time will tell.
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