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

Blog by Ian Watt

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So What Does Lowballing Look Like Downtown Vancouver?

Vancouver Condo Real Estate Video Blog #688 - September 26, 2011


So What Does Lowballing Look Like Downtown Vancouver?


Ian Watt video blogs about how the average condo sale price in 2011, if its well priced, sells between 95 to 98% of asking price, depending on its price category. 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. Please note that opinions, real estate practices, prices and data always changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and years. Copyright iWatt Media © All Rights Reserved 2011 www.iWatt.ca .


Ian Watt: Hi good afternoon it's Ian Watt in Downtown Vancouver. Were in the third week of September in 2011 it's business as usual as I always say were seeing about ten sales a day in a five different areas of Downtown Vancouver and the five different areas Downtown, Yaletown, West End, Coal Harbour and Gastown and that's what I'm talking about right here. You think of low ball in somebody bring your checkbook in Downtown Vancouver and I'll tell you why because low balling doesn't seem to be happening at all this year in Downtown Vancouver from zero to $500,000 dollars I got my cheat sheets here right now. From zero to $500,000 dollars we are seeing things sell at 98% of their asking price between 500 and a million were seeing them sell at 97% of asking price. But if you wanna deal you gonna go above million dollars all the sales this year have been at 95% of asking price. Keep in mind this are just of a unit that have sold there's still many many over price listings out there it's not saying that every listings is gonna sell for that amount but the one seller well priced they are selling for 98% for zero to $500,000 97% for 500 to a million and above a million they're going for 95% of asking price. My name is Ian Watt if you have any questions you can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great!