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

Blog by Ian Watt

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What's My Woodward's District Condo Worth in Today's Market?

Vancouver Condo Real Estate Video Blog #279 - March 27, 2009

What's My Woodward's District Condo Worth in Today's Market?

Ian Watt video blogs about an email received asking What's My Woodward's District Condo Worth in Today's Market? Will anyone breakeven after property transfer taxes, legal fees and other closing costs? 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. Recently got an email from a potential client. Wondering if he put his Woodwards condo up for sale right now in this market. If he completed on it and everything. What would it be worth? Well I look for reference pointer a benchmark right now at the Shangrila one of the recent sales on the 28th floor. Sold for $698 per square foot. 698 for an A class building in a much better neighborhood. We doing for like how 'bout that? That better? Okay, so anyways if you're thinking of putting your Woodwards project out there right now in the MLS. Probably if it was totally completed GST paid property transfer tax paid and everything in. You've been looking around 550 square foot and don't shoot the messenger. It is not an A class neighborhood and it's not an A class building. It's an awesome thing for the neighborhood. However, it is not the Shangrila. So don't even think that you gonna cheap the 698 square foot for a generic property. Maybe the penthouses but I don't think so. My name is Ian Watt. If you want to discuss pricing at Woodwards. You can always email me at ianwatt@ianwatt.ca. Thank you very much and Have a great day!