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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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Who is Pricing these Vancouver Condos Anyways?

Vancouver Condo Real Estate Video Blog #275 - March 23, 2009

Who is Pricing these Vancouver Condos Anyways?

Ian Watt video blogs about the numberous new Vancouver Condo listings that are coming out on the MLS and how many of these properties are being priced at 2007 and 2008 prices. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.

Ian Watt: Hi good afternoon! It's Ian Watt in Downtown Vancouver. It's March 2009 people. If you are still listing your property at 2008, 2007 prices. I think your out to lunch. It's unbelievable how many new listings were seeing. Come on the MLS and there's still being listed, 25 or 50 % above assessed value. What are people thinking they will never sell at this prices. I know one property came out and it was assessed at two million dollars and they brought it out at three million dollars. That is ridiculous! No one gonna pay that price for those properties. I don't know what people are thinking. The market has changed if you haven't heard! 2007 is cold they want their prices back. My name is Ian Watt. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!