As yvr2zrh observes over on Vancouver Condo Info, 5 very high priced homes sold at the beginning of the year in Vancouver. All of them were large discounts off the original asking price. In one case a Point Grey house sold for $6M less than the asking price. This came after the home had been on the market for quite a while.
Some will try to spin the jump in the stats as evidence the market has bottomed and tell you to "buy now before you miss this opportunity for 'low' prices."
That tune will change when the sharp January jump is replaced by an even sharper drop that brings the average in line with what is going on.
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