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Sechelt Development - Seawatch at the Shores
04-23-2013, 09:19 PM, (This post was last modified: 04-24-2013, 12:49 PM by Skook.)
#1
Sechelt Development - Seawatch at the Shores
I am going to look at individual developments and offer as much information as I can about them. I am gathering this info from a variety of sources (developer website, RE agent listing, etc.) and I am also creating a spread sheet for each project with list dates, asking prices, sales date and sale price when available. I will try to follow these projects when I can and update the info here when there has been significant change.

I will begin with Seawatch at the Shores - located on West Porpoise Bay. I introduced you to the project and its geotechnical issues in the last post of my thread ‘Slip, sliding away.’ Initially the developer, Concordia Homes, planned a two phase development; however, it seems Concordia has had a change of heart and put all its lands outside of Phase I on the market last year. It is selling this land through Holywell Properties and the agency ad is below along with a Google Earth image of the property. As well, Concordia is selling two 4.90 acre blocks (Lots 20 & 21) on the east side of Crowston Rd.

[Image: attachment.php?aid=113]

[Image: attachment.php?aid=114]

Concordia began developing phase I at least as far back as 2006 and seems determined to forge ahead albeit slowly. It sold two homes back in 2010 as well as a few more this year. In the image below, I have included the most recent agent ad, as well as a map showing the current listings locations. I actually had to go to another Realtor website for those two separate listings images because Holywell’s website is terrible. Also, with the six lots Holywell listed this month on MLS it describes the homes as having only 1 bed and 1 bath which makes no sense given their square footage so I corrected that info in the table below (my guess may not be exact but it’s more realistic).

[Image: attachment.php?aid=115]

Using the map above and beginning at the top and moving counter-clockwise, the lots are #7, 9, 10, 11, 12, 14, 15, and 24. The home at Lot 24 sold Feb 21, 2013 for $572,000 after 103 days on market. It is back on the market for $680,000. Its 2013 Assessment is $553,000 so the Asking Price Premium is +23%.

[Image: attachment.php?aid=116]

Note: In the table, "L" = Listed, "S" = Sold


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Sechelt Development - Seawatch at the Shores - by Skook - 04-23-2013, 09:19 PM

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