timber2012 wrote:6332 Laburnnum St. 33x125 - Original asking $1.59M. Reduced to $1.49M. Sold for $1.365M. Assessed at $1.494M (Land only - I won't even count the $30K for the house).
6320 Vine st. 33x125 sold for $1.626M in Jan/12
6331 Yew St. 33x125 sold for $1.393M in Jul/12
6225 Balsam St. 33x125 sold for $1.708M in Feb/12
6436 Vine St. 33x125 sold for $1.638M in Feb/12
I bet they all wished they didn't "Buy or be priced out forever" - hahahahahahahahahhahahahahaahahahahha
They could have saved $300K by simply.... waiting.
timber2012 wrote:1706 W59th Ave. Asking $1.79M. Sold for $1.6M. Assessed at $1.697M. Purchased for $1.7M in August 2011.
Wow - $100K drop (+PTT and commissions) in 16 months.
So much for ETB's theory that people won't take less than what they paid for a property.
timber2012 wrote:3721 W16th - Asking $1.288M. Sold for $1.030M. Assessed north of $1.2M
Similar sales include:
4583 W16th - Asking $1.098M. Sold for $1.18M in Jan/11.
4067 W16th - Asking $1.198M. Sold for $1.185M in Feb/11.
4591 W16th - Asking $1.249M. Sold for $1.260M in Sep/11.
All those purchasers must be kicking themselves. They could have saved up for another year and bought for $200K less. But according to jimtan, it's all about the vacancy rates and a flooding pool in Kits
gse36 wrote:bcj wrote:timber2012 wrote:Unlike the realtors here, I prefer to paint a picture of both sides of the story.
905 W20th. Asking $2.35M. Sold for $2.49M after 105 days. These guys might have got bailed out as they paid $1.35M for the land. After realtor fees and HST the profit would have been thin at their asking price.
That sale is beyond bizarre.
I thought the sale was pretty high as the last crappy new build (564 w18th) in the area went for $1.990M including HST in july. shows a very bullish market. up 25%!
land in that area is valued at $1.3M today!
anybody have more info on this?