Sechelt Development - The Wharf Place

[Skook]

Here is what I am eating right now...

   

This morning in Post #6, I thought I had made this brilliant discovery via The Wharf Place website that developer had just opened a Sales Office and flippantly implied that both the developer and Prudential Sussex Realty had been remiss in waiting so long to do what was so obviously needed. I was wrong.

I make every effort to be as accurate as possible in what I post. I usually verify my information by going to as many sources as possible. I did not do that in this situation relying solely on the developer's website. However, this afternoon I asked myself, what if the website was slow to update it's information or what if I really did miss the Sales Office info on the website when I did my Sept 8th update? (I really don't think I did - at least not that new banner, but now I am doubting myself on both counts)

So, I went hunting through my computer doc files. I had saved a Coast Reporter Real Estate Weekly from August 16, 2013 and found this...

Then I went back to the Sunshine Coast Real Estate Guide for September and it contains the same notice as above. In both the July and Aug Guide editions can be found the notice below.

So, it appears that sometime in August (by at least the 16th) the developer began the offer of purchase incentives. But, most importantly The Wharf Place Sales Office was in fact open by as early as July.

I apologize to the developer, CSA Kobas Developments Inc, and Prudential Sussex Realty for my earlier comments which I have removed.

Now, if you will excuse me, I have a pie to finish.

Sept 18, 2013 Update:

Okay, I've had my fill of humble pie - 48 hours is long enough so I've downsized the image and moved it over to the side. Time for the Skook treatment on those two real estate ads above.

Let's start with the bottom ad first. So, the sales office was open for July and Aug and perhaps it is still open. Any sales? Nope. Must have been very boring sitting in that Sales Office.

So, now the Realtors handling this development at Prudential Sussex Realty are willing to admit just what I said previously above - there just isn't the population base on the SC or coming to the SC to snap these up units and call them home. How so? Because, when the developer is willing to throw in some buyer 'incentives', who do they do target in that August RE ad? Investors!

So, did any units sell in August? Nope. Have any units sold in September up to and including today? Nope - I checked and there are still 21 units listed on MLS. So, it would appear that investors aren't any where to be found on the SC, either unless they are all hanging out at Watermark putting their units up for rent.

The Wharf Place buyer incentives will be in place for the next 5 sales. One unit has sold each year since 2011 - so, at this rate the buyer incentives should be around until 2018 - no rush.