We love the paradox of ‘Below Market Value!’. Whatever this sells for IS market value. Prices are dropping. -vreaa [Hat-tip to Teddy Bear at vancouvercondo.info 17 Jun 2010 9:13 am]
V837162, #101 – 1225 Barclay St, West End, 633 sqft, Asking price $289,000 ($456/sqft)
Blurb: “PRICED BELOW MARKET VALUE for IMMEDIATE SALE. Spacious SE corner 1 bdrm + large patio suite at Lord Young Terrace with a private treed outlook & great floor plan. Open kitchen, large master bedroom and in-suite laundry & storage. Private access from patio and lush building gardens makes this ground level suite feel more like a townhouse. Some updating with fresh paint and laminate flooring, but additional modern renovations could completely transform this diamond in the rough. Ideally situated on a quiet residential tree-lined street just two blocks from the shops and restaurants of trendy Robson St. Pets allowed. West End’s best buy. BELOW MARKET VALUE.”
This market is starting to get to me.
That seems like a pretty good deal. Then again maybe the “below market value” statement actually does work, even though it makes no sense.