Welcome to the blog section. In this blog I’ll be posting about what is happening around my neighbourhood (Yaletown & False Creek North), Vancouver luxury real estate,   real estate and related issues. If you have any suggestions, please let me know, have fun.
 
 
Friday, November 4, 2011

Vancouver West Multimillion Dollar Homes ($3M and up), October 2011 Stats.

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Multimillion Dollar Homes ($3M and up).  
$3 Million dollars and up in Vancouver West.  
October 2011
Total Sales                    17
Average sqft              4,276
Average Asking Price  $  3,752,470
Average Asking Price Per SQFT  $              898
Average Selling Price  $  3,627,352
Sale  price Per SQFT  $              869
Sale Price to List Price Ratio                    96
Average Days On The Market                    31

 

October has been the slowest month since December of 2010 when only 8 high end properties were sold. Compared to October of 2010 we had one fewer sale. If the market is coping last year, we should see and increase to around 20 sales this month, following by a decrease in December, and a big jump by the end of January and the whole month of February of 2012, the reason will be due to the Chinese New Year that brings a lot of buyers. Let’s see how the market behaves.

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