Sold in 9 days; 3449 W 23rd
Assessed 1.864M; Asking 1.78M; 44′ lot.
1.78M is good for Dunbar for a 44′ lot (based on last year’s sales of 1.7M for 33′ lot)
This one sold 1.45M tho.
22% below assessed; Great deal in today’s market.
Good building lot. 5 lots in from Collingwood. South facing.
Market is very slow. People still asking 1.8M+ for similar lots in other parts of Dunbar. Seems like people lowballing here and there and once in awhile somebody bites. Not sure how other sellers would react.
– gse36 at RE Talks 31 Aug 2012 11:07am
This particular example represents a 36% drop in the cost of Dunbar land: from $422 per sqft to $270 per sqft.
Lesser price drop example (but of possibly dissimilar lots) from the same source:
“4060 w19th 32.68×122 sold 1.656 in march land value
4034 w19th 33×122 sold 1.519 in sept
8.3% decline in 6 months.”
– gse36 at RE Talks 8 Sep 2012 6:10am