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2016-03-09 17.12.19

The Chinese buyers are dwindling, rates have ticked up, and more inventory is hitting the market.  Is this the sign of something?

Statistically, it looks manageable – NSDCC detached-home sales are down 9%, and new listings are up 9% year-over-year:

NSDCC Jan 1 to Feb 29

Year
# of Sales
Median SP
Avg. Cost-per-SF
New Listings Jan 1-Feb 29
2012
339
$775,000
$365/sf
794
2013
373
$870,000
$389/sf
785
2014
362
$975,000
$494/sf
802
2015
335
$1,185,000
$512/sf
798
2016
304
$1,100,000
$566/sf
870

It’s manageable until it isn’t!

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