Fifty Fifty Redux
In the recent past, it was suggested that a safe bet on Vancouver Real Estate is that fifty percent of the time you can be right. If you had bet that the Median Prices noted in December would continue to follow a path then this January, you would have lost.
Knowing which Vancouver real estate door to open is tricky. Short term prices flip flop all the time. Consider the past two months where in December Vancouver’s West Side Median price was $2,468,000. In January Median prices flipped downward to $2,380,000.
Similarly, in December West Vancouver recorded $2,144,000 as a Median price only to flop to January’s $1,796,500.
The other 50% of the story is Vancouver East and North Vancouver. Median prices in those communities experienced an up-tick month over month.
|Median Price||Vancouver West||Vancouver East||West Vancouver||North Vancouver|
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