Quote:
Originally Posted by Harvey Specter
Interesting read and insight on how overheated our luxury real estate market really is:
We looked at a random sample of 40 of the 52 homes that sold between 2012 and 2014
In a normal six-month period, 20 to 30 houses sell in Shaughnessy; in the first nine months of 2015, the number was 110.
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interesting read and perspective, but also to be taken with a grain of salt. I'm not one who turns a blind eye on foreign influence, but just a couple points I found odd
1. 'Random' sample of 40/52 homes sold... peculiar number no? If you're sampling ~80% of that area, why not just take all the numbers into account, unless they don't show the point the writer is trying to make.
2. What qualifies a 'normal' 6 month period where 20-30 houses sell, when did 'normal' happen? Why compare a normal 6 month period to a current 9 month period, are they even a comparable comparison? The end numbers are obviously attention grabbing as a result...