Downward Pressure On Prices – “PRICED BELOW MARKET VALUE for IMMEDIATE SALE.”

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.”

One response to “Downward Pressure On Prices – “PRICED BELOW MARKET VALUE for IMMEDIATE SALE.”

  1. 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.

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