Condo Prices Exploding

Just Sold: 1000-1675 Hornby Street
Assessed: $3.29M
Asking: $4.5M
Sold: $5.06M
Selling price 54% higher than assessed value.

Just Sold: 2806-583 Beach Crescent
Assessed: $994,000
Asking: $1,468,000
Sold: $1,681,800
Selling price 69% higher than assessed value. Lots of eights in those numbers, I wonder where the buyer is from…

Two “02” floor plans at 939 Homer Street
2702 – Sold January 25, 2016 for $561,000
602 – Sold May 9, 2016 for $685,000

In less than four months, the same floor plan (771 sq. ft. 2 bed/1 bath) on a much lower (no view) floor sold for 22% more than the previous unit. Assessed value on #602 is $404,000 — sales price was 69% higher.

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