You Want Data?
By Anthony Longo 9 04 2008
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All in all a good report with good data. I think it’s important not to be swayed by the averages - while overall volume decreased, average and median price increased; probably due to the increased weighting of(and premium paid for) larger luxury units.
When you look at the breakdown for 1 and 2-BR units, the median prices were flat or in decline for the last few years.
Carlos - we are in agreement. Prices downtown are going to continue to stay strong especially in the luxury market.