Is it me or is the Westside getting creamed?

[unicas]

rofina

you probably want to read a few posts before mine to see how this started. I am not the aggressor. you wonder why pound cruncher was banned in the first place and came back acting shameless again.

[timber2012]

Awwwwwww - saying something against the Chinese hurts unicas feelings.

Unicas - you'd better get used to freedom of speech here in Canada. If you are able to be passive aggressive against white people, then you had better have thick enough skin to hear the truth about the "smart" chinese. Again, if they are so smart, why are they overpaying for assets (westside homes, Nexen, cayennes - I find it absolutely amusing that they spend $150K to buy high performance cars to drive them 30 km/h)?

And being smart enough to make money in China involved hiring slave labour, bribing corrupt officials and avoiding taxes. That's not smart - that's being a criminal.

Anyways, I continue to thank the stupid Chinese for dropping buckets full of cash into Vancouver. They have lined the pockets of the lazy white folks. And people as idiotic as unique as consider this a badge of honor. LOL

[timber2012]

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).

Recent comparable:

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.

[HAM]

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).

Recent comparable:

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.

There are 2 bulls left here as the rest have simply left due to embarrassment and humiliation. A 300k difference in less than a year is considered a crash.

[timber2012]

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.

[HAM]

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.

The shemale claim that it didn't say that. And JT calls it cherry picking. Well go ahead JT and pick the ripest cherries you can find. Oh wait, nothing for you and eyes to pick except the ones you see here.

[timber2012]

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

[HAM]

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

See why eyes left? Jimtan, when do you plan to leave?

[timber2012]

ETB didn't leave.

I wonder where all the realtors are? We used to get posts from tom and mike every so often - they are probably too busy showing homes 24/7 trying to get one sucker to buy.

[timber2012]

650 W22nd in Cambie. New construction. sold for Asking $2.488M. Sold for $2.120M. They paid $1.47M for the land (nearly $100K over asking) and now are hoping to get out with a small loss.

Similar sales in the past year:

905 W20th, 33x122 sold for $2.49M (no mention of HST - assuming HST included then $2.223M) in Aug/12.

856 W19th, 33x122 sold for $2.29M (1 year old home) Sept/12.

Even since the fall, prices are dropping rapidly - $100K in 3 months or, wait for it, $1,000 a day. Nobody is willing to pay what other buyers were willing to pay only 3 months ago. And the sellers are blinking first.

[bcj]

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?

Something doesn't smell right about this. After sitting on the market for months at 2.35M it suddenly sells for 2.49M. Fast-forward a few months and it's back on the market at a laughable 2.75M. http://www.ecorealtyinc.ca/listing?id=259964883 "Hurry up"

[Austin]

"George Carlin once said "Think of how stupid the average person is, and realize half of them are stupider than that.”"

I know one thing, Carlin is pretty stupid about math...

[timber2012]

Really? Or was he smart enough to know that the "average" person doesn't know the difference between mean and median?

[jesse1]

Really

hahaha, I guess not all men are created equal.

Intellectual quiz of the day: under what conditions does the median equal the average?

[wtm]

too fun-nay
you are arguing "mean" vs "average"..... dude Titanic has hit the freakin iceberg... glub, glub, glub, and you are bantering about a gin or vodka martini....what's the diference between the Van residential RE market and the Titanic? The titanic had a band....

sell now or prepare to hold on for >10 years and when you come out of hibernation then, don't forget to include holding costs and capital improvements.....

you koolaid drinking bulls are such SMUG jackasses....