"Two datapoints in the North Van market as a reflection of the mentality of some sellers."

tincup via e-mail to VREAA 10 Feb 2011. Thanks, tincup. -
“Thought you might be interested in these two data-points in the North Van market as a reflection of the mentality of some sellers.

MLS#V820058

1290 Plateau Dr, N Van; 2076 sqft on 50×133 lot
On the market for 310 days.
Bought in 2004 for $450k
April 2010 listed for $770k
Sept $755k
Nov $749k
Nov $739k
Jan 2011 $699k
Jan 25 $727k

I like that saucy increase there at the end. If you look at the pics, it appears to be an amateur reno. I especially like the floor-to-ceiling window beside the toilet. They paid $450k in 2004. I’d guess they are simply fishing for a fool.

Second example:
MLS#V865011

4743 Hoskins Rd; 1680 sqft Townhouse (strata)
Bought in 2004 for $405k
Jan21, listed for $599k
Feb 8, increased to $610k”