Properties are continuing to fly off the shelf...seller's are recieving multiple above asking price, while buyer's are battling it out at the negotiation table! Here are this weeks TOP THREE CRAZY buys!
Number 3: Townhouse on Tillicum Road
Listed at $239,888 SOLD FOR $300,100
This 2 bedroom, 1 bathroom, 900 s.f. townhouse was only on the market for 8 days and sold for 25% over asking. Once again, the multi-family market is seeing the ripple effect of the single family market.
Number 2: Single Family home in the Gorge Area
Listed at $450,000 SOLD FOR $565,800
This 2 bedroom, 1 bathroom, 1100 s.f. home sold in 5 days for 25.73% over asking. With the average price of Single family homes hovering around $790,000, this home albeit a little small seems like a deal at $565,000.
Number 1: Single Family home in Cordova Bay
Listed at $600,000 SOLD FOR $755,000
At only 1,280 s.f., this small 3 bedroom, 2 bathroom home was on the market for only 4 days before getting snapped up for 25.83% more than asking. A great area, commands a great price...nearly $600/sf.
It doesn't look like this market will be changing for quite some time. So, tune in for more market updates on future blogs. If you're thinking about buying or selling any Greater Victoria residential or commercial real estate, contact me direct at (250) 704-6970 or email me at firstname.lastname@example.org. I guarantee top dollar and your property SOLD in 60 days or less!