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-   -   Vancouver's Real Estate Market (https://www.revscene.net/forums/674709-vancouvers-real-estate-market.html)

PeanutButter 07-08-2024 10:15 AM

Quote:

Originally Posted by Eff-1 (Post 9141862)
Ours is a 920 sqft 2bd 2ba newer unit listed at $1,029,900. We've been on market now for 20 days. Today will be our 4th open house. We've had just one lowball offer of $950k (he came back later at $972k before we told him to buzz off).

Also, if we listed 12-18 months ago, we'd be listing at $100k higher.

And on top of that, there are 2 other comparable units in our building for sale at the same time that we're directly competing against.

When they say inventory is the highest its been since 2019, they are right!

This market has definitely cooled and now might be a good time to consider buying if you weren't sure. (Hey maybe Ch28 is still trying to time the market haha).

I wouldn't think $950k is a low ball offer. Even at $972k, isn't that a pretty good offer? I guess it comes down to the comparibles in your area and your optimism in the market.

PeanutButter 07-08-2024 10:24 AM

Quote:

Originally Posted by Harvey Specter (Post 9141808)
From a local Vancouver listing, the "We Serve Colored Carry Out Only" sign is a nice touch. Really gives the room character lol.

https://cdnparap130.paragonrels.com/...2644572-17.JPG

Can anyone guess what that sign says on the left shelf?

"Leave colored ___out Only"

edit;
figured it out, it's "Serve colored carry out only"

Which is CRAZY to leave out for a showing.

Double edit: OP posted this in his original post.. NM. He already mentioned this. I didn't see it originally.

murd0c 07-08-2024 10:42 AM

that's fucked

Badhobz 07-08-2024 10:48 AM

Hilarious as they most likely sold to Chinese.

mikemhg 07-08-2024 12:34 PM

Quote:

Originally Posted by Badhobz (Post 9141977)
Hilarious as they most likely sold to Chinese.

I don't think Chinese consider themselves "colored" :lol

Read that however you want :)

GLOW 07-08-2024 01:15 PM

we see colour...

red, gold, and any colour of money Kappa :nyan:

Badhobz 07-08-2024 01:36 PM

Quote:

Originally Posted by mikemhg (Post 9141985)
I don't think Chinese consider themselves "colored" :lol

Read that however you want :)

Not the pastey white bitches we pumping out of mainland China nowadays. They look more akin to zombies than people.

Yeah yeah we get it. But don’t try and out do white people for white skin color.

Eff-1 07-08-2024 07:13 PM

Quote:

Originally Posted by PeanutButter (Post 9141971)
I wouldn't think $950k is a low ball offer. Even at $972k, isn't that a pretty good offer? I guess it comes down to the comparibles in your area and your optimism in the market.

The last 7 solds in our building range from $1075 to $1189 psf.

Ours is a top floor corner unit with a downtown view, so we're expecting to be at the higher end of that range, before factoring in the market has softened a bit.

The offer of $950k was only $1032 psf. Even my realtor was like wtf is this haha.

jcmaz 07-08-2024 08:40 PM

But food for thought, $/sqft doesn't take into consideration wasted corridor space.

westopher 07-08-2024 09:10 PM

The square foot part also doesn't take into consideration outdoor space, parking spaces, storage, etc.
its a decent baseline, but it's not the be all end all.
Things from a million to 1.2 are a tough spot right now. We managed to pay just a shade over 800/sq ft. 15 year old building, and that's also not considering the extra 800 square feet we have over 4 patios.
Everything we looked at that was just a shade over a million in North van had something big to do with outdoor space that set it apart. Whether it was rooftop patio, or huge like 4-800 square foot terraces. It's a competitive place as a seller with not a ton of buyers compared to the entry level places, or the step higher that are getting awesome townhouses or detached homes.
I would say that you are in the neighbourhood I absolutely would most want to live in for North van.

donk. 07-08-2024 09:24 PM

Quote:

Originally Posted by westopher (Post 9142034)
and that's also not considering the extra 800 square feet we have over 4 patios.

https://i.pinimg.com/736x/ec/66/98/e...20c3528d4d.jpg

Gerbs 07-08-2024 09:26 PM

Quote:

Originally Posted by Eff-1 (Post 9142022)
The last 7 solds in our building range from $1075 to $1189 psf.

Ours is a top floor corner unit with a downtown view, so we're expecting to be at the higher end of that range, before factoring in the market has softened a bit.

The offer of $950k was only $1032 psf. Even my realtor was like wtf is this haha.

If market dropped 4-8%, could make sense. The beauty about real estate is that NOBODY will sell for a loss and everyone will HODL until they get at least the previous comparable

unit 07-09-2024 07:30 AM

Quote:

Originally Posted by westopher (Post 9142034)
we have over 4 patios.

...so 5?

westopher 07-09-2024 07:36 AM

Quote:

Originally Posted by unit (Post 9142045)
...so 5?

May I suggest reading the entire sentence, or at least the part after the comma.

whitev70r 07-09-2024 07:45 AM

For those who live in North Van, is your work in North Van ... cuz I cannot imagine living in North Van and being at the mercy of those 2 bridges. Gawd, the wasted time would definitely be worth a smaller sq ft unit in Van (if a majority of your life is in Vancouver that is).

Badhobz 07-09-2024 07:53 AM

Quote:

Originally Posted by westopher (Post 9142046)
May I suggest reading the entire sentence, or at least the part after the comma.

https://www.memesmonkey.com/images/m...976ff5edd.jpeg

westopher 07-09-2024 07:54 AM

We could have got the same thing cheaper in Vancouver. I work downtown and my wife works in north van. The majority of things I like are either on the north shore as far as activities. One thing I've learned, is getting to work being easy is less important than hobbies being easy to get to.
I can make all the excuses in the world to avoid going snowboarding, and then regret it, but work, I'm going whether I feel like it or not. When I lived in kits I didn't ride nearly as much as I do now and life was much less enjoyable because of it. Getting to work takes me like 15 minutes to get there and 25 minutes home on an average day.
Badhobz you mean Dad

Badhobz 07-09-2024 07:59 AM

i dont even know what the hell i mean anymore. that image doesnt even make any sense. i think i melted my brain yesterday sitting at the port spying on those idiot longshoremen

PeanutButter 07-09-2024 08:06 AM

It's crazy those guys are pulling in like $150k+
It's only glamorous if they're full time though. I heard guys on the call board for over 10 years.

donk. 07-09-2024 08:31 AM

When you are bringing in cocaine and heroin, its easy to pay everyone front of house 150k

yray 07-09-2024 08:54 AM

Quote:

Originally Posted by whitev70r (Post 9142048)
For those who live in North Van, is your work in North Van ... cuz I cannot imagine living in North Van and being at the mercy of those 2 bridges. Gawd, the wasted time would definitely be worth a smaller sq ft unit in Van (if a majority of your life is in Vancouver that is).

I work in Richmond :pokerface:, I get to work in 30-35mins, 40-45 going home.


When I was in Edmonds, it was 30mins going to work too :lol

whitev70r 07-09-2024 09:02 AM

^ true ... Richmond, Arthur Laing, Knight ... they are nightmares too.

Liquid_o2 07-09-2024 09:10 AM

I live in Metrotown and work in Richmond. Ironwood too, farthest possible. 35 min to work, about 40 min back.

PeanutButter 07-09-2024 09:52 AM

All I know is going to North Van on Saturday or Sunday is super heavy volume. The traffic going into North Van is backed up to 1st Avenue.

Then coming back into Vancouver it's backed up to the upper levels.

We almost missed our Ferry to the island because my dumbass didn't account for the traffic. I had to be that asshole who took that exit lane in the tunnel to merge at the last minute because I was going to be late for our ferry. Luckily, a nice lady let me in, but I felt like a fkn prick doing that. We made it with five minutes to spare. I haven't been that stressed in a while.

68style 07-09-2024 10:17 AM

Got so worked up, became a CreamyPeanutButter


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