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The Penthouse at Azura 1 is up for sale again - PH 3801 - 1438 Richards street Vancouver BC

Penthouse 3801 - 1438 Richards street Vancouver B.C Canada.

The Penthouse in Beach Crescent's Azura 1 is up for sale again.
The 3 bedroom 4 bathroom 2,514 square feet home was sold on September 2009 for $2,350,000.
Today the same property hit the market for $2,950,000 which is a 25% appreciation.
In my opinion this is a little "steep" but with Vancouver's real estate market you never know.
The asking price per square foot is currently $1,173 which is still relatively lower than other penthouses in the city.
I will be keeping a close eye on this property as i truly believe that we will see at least one price reduction before it sales.