The graph below illustrates median sale price for 1 bed units at The Westin in the last 5 years:
The green line represents sales volume and the blue bar represents median sale price.
As you can see, now is the best time to buy in the last 5 years! Sales volume has been increasing every year since 2008, while median sales price has remained around $203k-$225k. This is indicating a shift from a buyers market to a more balanced market. As the inventory starts to deplete, the prices will start to climb!
These POSITIVE CASH FLOW properties have all of there expenses including strata fees and property taxes deducted directly from the room revenue!
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