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06-26-2018, 12:09 PM
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#12176 | | they call me the snowman
Join Date: Apr 2001 Location: online
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Originally Posted by quasi  I could move back to Sask. and be mortgage free in a nicer house then I have here but the only problem with that is I'd have to live in Sask. | exactly.
Let's face it, not many people actually want to live in Saskatchewan. Especially after growing up in the lower mainland.
A whole generation of Vancouverites will be forced to make that change though. The question is, what would we call them? Real Estate refugees? Or xenophobes, like they have for the last two decades?  | 
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06-26-2018, 12:42 PM
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#12177 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Feb 2017
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Originally Posted by G I would say it slowed a bit. Not that many 2 bedroom apartments are being listed, and the ones that are listed are sitting.
1 Bedrooms (which is what mine is) is still pretty hot, but in my development (Wall Centre Central Park) the third tower completed and an influx of listings came up... I think at one point 40-45 listings were active between the whole development. This last weekend I walked by the third tower that finished and there were at least 10 signs outside the main entrance and just a huddle of people. I guess some people are desperate and dropped the price which caused the overall average price per sq.ft. to drop a bit. At the high point during last summer/fall it was hovering around $1200 per sq.ft. but now the high point is around $1050 with average being closer to the $975-$1000 mark. Not bad, but still... .png "Y U NO...?") |
We listed our 2 bdrm apartment last month. It sold in 6 or 7 days.
$71,000 over asking.
Fraser/Kensington Area. Wood frame 2011 build.
888/sqft.
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06-26-2018, 01:02 PM
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#12178 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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Cause it was 888 square feet probably
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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06-26-2018, 01:11 PM
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#12179 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
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Let me guess, it sold for $788,544?
($888 x 888 sq/ft  )
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06-26-2018, 01:25 PM
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#12180 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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^
The Mountain View Cemetery is beautiful this time of year
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06-26-2018, 01:25 PM
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#12181 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
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Closing date set for 8/8/2018?
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06-26-2018, 01:46 PM
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#12182 | | i like gifs
Join Date: Dec 2001 Location: imgur
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Originally Posted by CivicBlues Closing date set for 8/8/2018? | Handing over keys at 8:08 am?
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06-26-2018, 05:19 PM
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#12183 | | It's like going crazy when you're already nuts
Join Date: Aug 2005
Posts: 5,910
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$71k over asking doesn't mean squat without your list price.
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06-26-2018, 06:30 PM
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#12184 | | Proud to be called a RS Regular!
Join Date: Apr 2018
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Yea. Was it listed above your assessment? My 985k example was listed at 980 iirc but assessed at 870.. so they listed it high from the get go and still came out on top. Fuck
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06-29-2018, 03:53 PM
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#12185 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
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Going to list my apartment out next week asking 60k. Let see how much it can actually sell for.
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06-29-2018, 03:55 PM
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#12186 | | I have named my kids VIC and VLS
Join Date: Oct 2001
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Email? I’ll etranafer you 60k asap bro
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Dank memes cant melt steel beams
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06-29-2018, 04:12 PM
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#12187 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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Trying to start a bidding war I guess
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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06-29-2018, 11:50 PM
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#12188 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
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Lol sorry I mean 600k.
Seems weird most units around are listing for 540 to 590k yet a block away (farther away from metrotown) is listing for a long more. Built years are older too about the same Sq ft.
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06-30-2018, 12:52 AM
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#12189 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
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Originally Posted by 68style ^
The Mountain View Cemetery is beautiful this time of year | downtown too many homelessness
cambie gateway smells funny
river district is flood-prone with noise pollution
mount pleasant and needles in playground
etc. etc.
there's semi-ugly sides to almost every neighbourhood, but anyone owning a place in the Vancouver proper should take pride in what they have...over-inflated or not
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07-04-2018, 12:37 PM
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#12190 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
Posts: 721
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Some Presales Updates for July - Happy Independence Day US buddies!
Port Moody
George - by Marcon - Phase 1 SOLD OUT in a week. So much for slow markets.
Phase 2 coming this week - contracts this weekend
Surrey
Avani CenterAll cheap units gone - nothing below $500K. Surrey King George high rise condo with Hilton Treeside below. $340K units were about 350-400ft. Parking spots $35K.
Coquitlam
Meridian
Good new build from Townline (local developer) - should be great - next to Burquiltlam Evergreen skytrain. Easily $950/ft.
City of Lougheed
Tower 2 starting soon. $1000/ft one bedroom start at $560K. Quite the jump from $350K one bedroom in 2016!
VIP coming end of July. Massive new redevelopment zone.
LINEA
This will be hot, Rize's new build in Surrey central.
$750/ft supposedly but with Rize's build quality selling for $900+ft in Surrey hard to imagine.
Marketed by Rennie = will be a gong show.
Vancouver
Cambie Gardens by Onni 70% sold. $900K 1 bedroom to start. Langara Gardens nearby, Cambie corridor, yada yada. Not cheap but low risk play.
OSLER 8888
Further out ways Marine Drive & Osler. Still Vancouver West.
Some clients got $680K one bedrooms. Nice room for flip IMO at $1000/ft.
Windsor
Blow out units 2bedroom + up at $750K. Not bad for Kingsway & Nanaimo. Good rental and potential flip. More rezoning coming in area.
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07-04-2018, 03:06 PM
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#12191 | | i like gifs
Join Date: Dec 2001 Location: imgur
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| Quote:
Originally Posted by JDMStyo
Windsor
Blow out units 2bedroom + up at $750K. Not bad for Kingsway & Nanaimo. Good rental and potential flip. More rezoning coming in area.
| I'm going to ask you since you deal with a lot of presales. Why is Windsor doing so poorly in terms of selling out the building? Is it because the location isn't ideal, or the fact that they seem to be priced too high?
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07-04-2018, 04:21 PM
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#12192 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Feb 2017
Posts: 195
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Originally Posted by 68style ^
The Mountain View Cemetery is beautiful this time of year | I'll take a cemetery view if it means banking 300k over 2.5 years of doing nothing. Beggars can't be choosers. Quote:
Originally Posted by jing $71k over asking doesn't mean squat without your list price. | What about now?
Build 2011
Sqft. 864
Last BC Assessment if i recall correctly was 725k
List price 729,999
Sold for 802k
purchased 2.5 years ago for 485k. 500k all in approx. The condo was paid in full at the time we purchased with no mortgage.
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07-04-2018, 04:40 PM
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#12193 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
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You get a big pat on the back sir... and a cookie!
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07-04-2018, 10:29 PM
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#12194 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
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Gains bro nice stuff. Haters gonna hate.
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07-05-2018, 08:11 AM
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#12195 | | Proud to be called a RS Regular!
Join Date: Apr 2018
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| https://www.ctvnews.ca/mobile/busine...rket-1.3999882
People would look at that at celebrate..but fails to see the prices went up 9% from last June as per the article. So if the prices goes down 9% then itll be a good buy right. Since I can get it for 2017 price haha
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07-05-2018, 08:13 AM
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#12196 | | Proud to be called a RS Regular!
Join Date: Apr 2018
Posts: 113
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Originally Posted by Gh0st I'll take a cemetery view if it means banking 300k over 2.5 years of doing nothing. Beggars can't be choosers.
What about now?
Build 2011
Sqft. 864
Last BC Assessment if i recall correctly was 725k
List price 729,999
Sold for 802k
purchased 2.5 years ago for 485k. 500k all in approx. The condo was paid in full at the time we purchased with no mortgage. | What did you end up buying after this sale if you don't mind me asking..
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07-05-2018, 09:35 AM
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#12197 | | I have named my kids VIC and VLS
Join Date: Oct 2001
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Originally Posted by Acurapinoy https://www.ctvnews.ca/mobile/busine...rket-1.3999882
People would look at that at celebrate..but fails to see the prices went up 9% from last June as per the article. So if the prices goes down 9% then itll be a good buy right. Since I can get it for 2017 price haha | The news touts sales are hella down, then someone with actual info like JDM above comes in and says high rises (likely the type of homes people can actually afford) are selling out as they always have.
Yea, sales of detached homes over 1 million are down lol..big help to most
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Dank memes cant melt steel beams
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07-05-2018, 08:17 PM
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#12198 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
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Originally Posted by Acurapinoy https://www.ctvnews.ca/mobile/busine...rket-1.3999882
People would look at that at celebrate..but fails to see the prices went up 9% from last June as per the article. So if the prices goes down 9% then itll be a good buy right. Since I can get it for 2017 price haha | That math is wrong. If it goes down by 9%, it's 9% of a bigger number. Prices dropping by 9% is less than where it started.
2017 - $1,000,000
2018 - $1,000,000 + 9% = $1,090,000
2019 - $1,090,000 - 9% = $991,900
Falling by the same % it went up, it's about $8000 less than in 2017. Not actual numbers used, I started with $1 Million because it's nice and even.
Rates are probably going to go up again next Wednesday, another 25 points.
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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07-05-2018, 09:19 PM
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#12199 | | Proud to be called a RS Regular!
Join Date: Apr 2018
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Ya i was aware of that..i guess itll be a good deal if it does! =p
Ya. Im curious what will happen with the rates. Buying a million dollar home with a high rate will hurt
Anyone here in the market for a detached or condo or townhome right now?
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07-06-2018, 12:19 AM
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#12200 | | Banned (BBM)
Join Date: Sep 2009 Location: None
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Originally Posted by Ch28 I'm going to ask you since you deal with a lot of presales. Why is Windsor doing so poorly in terms of selling out the building? Is it because the location isn't ideal, or the fact that they seem to be priced too high? | Quite surprised about this too, lots of redevelopment in the area, the street behind is all being developed with townhouses and low-rises as well. A little down is another development. T&T at Kensington Gardens is definitely a plus for that area as well!
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