That's what someone quite close to me keeps telling me.
To which I will I will post the following and let it reply for me:
Metro Vancouver population Density = 735.6 /km2
Metro Tokyo population Density = 5655 /km²
HousePriceIndex1980-2007(keen).PNG)
BTW- I just worked out the MOI for the Sunshine Coast based on the last two weeks...12 MOI.
MEanwhile in Whistler they aren't having the same lunatic frenzy that we have here in VAncouver. Quite the opposite.
ReplyDeleteIn fact one house sold for 25% off the $1.25 Price tag and they are sitting on 28 MONTHS on inventory based on sales 13 Feb to 13th March!
28 MONTHS.
The periphery is NOT selling.
ReplyDelete6 detached residential sold on Sunshine Coast in the last 14 days.
Total inventory in this category is 517.
Do the math!
If you are paying full price you may be over-paying just a tad!
Squamish 4 sales in the last 2 weeks for the detached residential category and 196 listings.
ReplyDeleteWhistler 0 and 178!
2 condos sold and 259 are listed.
My question:
What is the 'market price' when so few units sell?
In the Gulf Islands only 3 residential detached have sold since Jan 1st 2011 with 136 listed.
ReplyDeleteIf you are bidding, all I can say is start low. Ask your RE agent to find out what the seller paid for it (it takes ten seconds), sometimes you will be shocked and cross a few numbers off your bid :)
Of course there is no land left if we keep letting Asians in.
ReplyDelete