Last month I wrote about the most expensive real estate in the world. However, just because housing is expensive, that doesn't necessarily mean that the overall cost of living is the highest. One thing is for sure - Geneva and Paris are the 2 cities that have the 2 in common- expensive real estate and a high cost of living. Here's the comparison:
Highest cost of living
Most expensive real estate
Now, to the monthly stats. Looks like we ‘re heading for a buyer’s market…
BENCHMARK PRICE- UP
The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $679,000, up 5.3% compared to March 2011.
(The benchmark prices shown here are based on the average sold listings in all of the Greater Vancouver region. For more accurate pricing per area, please see chart below.)
The benchmark price for detached properties increased 9.2% from March 2011 to $1,056,400.
The benchmark price of an apartment property increased 2.2% from March 2011 to $375,100.
The benchmark price of a townhome unit increased 0.9%from March 2011 to $480,900.
TOTAL LISTINGS: up
At 15,236,, the total number of residential property listings on MLS(R) increased 16% from this time last year.
Total sales in greater Vancouver reached 2,874 , 8.4% down from March 2011.
NEW LISTINGS: down:
At 5,843, down 14% from Mar 2011.
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