Happy Holidays!
November saw another strange month of market activity. At the end of November, prices at the low end spiked with multiple offers again being submitted. The higher range of the market continues to normalize. Only time will tell which trend is the market direction. Likely we will also see some market effects over the next 6-8 months as President-Elect Trump takes office.
Attached below is the November market update numbers.
|
|
2 Bedroom |
1 Bedroom |
||||||
|
|
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
|
Woodwards |
3 |
$1,169 |
1 |
$945 |
5 |
$913 |
3 |
$845 |
|
Downtown |
313 |
$1,196 |
56 |
$1,028 |
299 |
$996 |
66 |
$907 |
|
Coal Harbour |
28 |
$1,385 |
2 |
$1,320 |
27 |
$1,164 |
3 |
$954 |
We have also included the Real Estate Board statistics which show that prices are roughly the same although as expected with the recent government changes, the activity is lower both month-over-month and compared to last year.
I would be happy to discuss your long and short term real estate strategies with you. Call or email me today!
.
Regards,
Kim
E&OE
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