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!