3866 W 13th Ave; V883938
3775 sqft; 52.5 x 122 ft lot; 5bdrm, 4bthrm; built 1990
Ask Price: $2,098,000.
thinktom (local realtor) at RE Talks 2 May 2011 11:45am –
“Our clients were going to write on this until we found out how many offers were already presenting. At noon today, 10 offers so far. All offers must be confirmed by 3pm [2 May 2011]. Until properties like this slow significantly, I don’t see too much pressure coming off detached Vancouver East and West. I don’t see prices shooting through the roof still, but this is a sign that demand is still there.”
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No news yet of final sales price. Will update once available.
Until then, a lottery for percent over ask: 25%?, 30%?
Regardless, under these circumstances, the ‘winner’ is likely to get a really lousy deal. See: ‘Winner’s Curse’ – vreaa
UPDATE:
Sold 3 May 2011; Sale Price $2,700,000
$602K (22% over ask).
A little less than we expected (perhaps the market is softening!)
Good luck to the ‘winners’. – vreaa
UPDATE 2: This subsequent exchange at RE Talks 4 May 2011 –
thinktom : “The Point Grey home sold for $2.7 million. Crazy. Our clients were willing to do $2.1M”
eyesthebye: “Your clients were willing to do just $2,000 above asking? I think they need to start looking east.”
[Yeah, like Halifax. Or New York State. Or Florida. It’s embarrassing to compare this with what you can get for $2.7M in those places. -ed.]