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Sunshine Coast, BC - Its collapsing real estate market.
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12-12-2014, 05:52 PM,
(This post was last modified: 12-12-2014, 05:54 PM by Skook.)
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RE: Sunshine Coast, BC - Its collapsing real estate market.
Round and round and round it goes...
Where it stops, nobody knows... Just over a year ago on Oct 9, 2013, I posted about a number of development lands on the market in the District of Sechelt including 170 acres at 4681 Mount Richardson Rd, Sechelt listed at $5,200,000. Just over a week later on Oct 17, 2013, I posted that those Mount Richardson acres had been relisted only this time around the listing was as DL 7255 Mount Richardson Rd, Sandy Hook and the price had dropped to $4,950,000. On Dec 27, 2013, I posted an update saying that DL 7255 Mount Richardson Rd had been sold - going at $4,200,000. Well...guess what? Yep, they’re back on the market (Nov 3, 2014). The listing address has reverted back to 4681 Mount Richardson Rd, Sechelt and look at that nice, new price...$5,499,000. Probably, hoping ex-Mayor Zoom Zoom and his friends will snap it up at that bargain basement price. Ex-Mayor Zoom Zoom is becoming a developer (he and friends bought the 396 acre Silverback lands next door this past summer. See: Coast Reporter, Silverback site to be redeveloped) So, what do you think? Is this a flip or did that December 2013 sale collapse? |
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