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Speculation In Vancouver SFH Market

Posted on 17 December 2009 | 1 Comment

Speculation is alive and well in all corners of the Vancouver RE market. -vreaa

348 East 48th Ave, Main, Vancouver East

MLS #V800943

1530 sqft House, 33×143 Lot, Built 1940

January 2009: Sold for $599,000

November 2009: Asking price $769,000

[from thread started by eyesthebye at RE Talks 15 Dec 2009]

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← “Bought condo in North Vancouver in Dec 2003 155k, sold in Sept 2008 for 75% gain.”

Vancouver Sun – “Debt-laden B.C. homeowners warned of interest-rates squeeze” →

One Response to Speculation In Vancouver SFH Market

ManfredSteyn | 17 December 2009 at 5:23 pm | Reply

Its amazing to think of the modern, well-located 1,530 SF places you could rent for half the cost of that dump.

A year from now my guess is that house would sell for $500,000 and for $300,000 by Xmas 2011. Somebody is going to lose their shirt on that one.

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