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Sechelt Development - The Wharf Place
10-07-2013, 08:29 AM, (This post was last modified: 10-07-2013, 08:32 AM by Skook.)
#10
RE: Sechelt Development - The Wharf Place
October 7, 2013 Update:

There is good news for The Wharf Place - sales are up 100% over last year! Yes, there has been another condo sale which brings the 2013 total to 2.

Unit 204 sold on September 27th for $323,099 - a drop of only 5% (-5%) from the $339,900 list price which isn’t bad all things considered; however, when you factor in the Bonus Offer (see RFM post above) worth at least $25,000, it’s maybe not so good. But, ‘ya gotta do whatcha gotta do’ in this market to bring the buyers in.

Another bit of possibly discouraging news for the condo complex relates to an ad I noticed in this month’s Sunshine Coast Real Estate Guide:

[Image: attachment.php?aid=478]

The ground level commercial Unit 105 remains unsold and now Units 102 & 103 which did sell are now available for lease - the ad makes me wonder if those units were combined into one space. So, what happened here? Were Units 102 & 103 bought by an investor or did the buyer(s) change their mind about setting up a business at this time?

I have been thinking a lot about the economic climate on the SC because of the sheer volume of businesses that are now listed for sale. Frankly, I've been stunned by what I see and hope to put together a post in the near future to show you why.

Finally, on October 2nd, the number of condos/townhomes listed dropped substantially - from 165 to 137 and that’s where it stands today. All the condo listings for The Wharf Place disappeared and then two days later one reappeared - Unit 208. The MLS # remains the same as does the list price. Perhaps, it has been decided that listing all the units as available sent the wrong message and now they will follow Watermark’s tactic and only put a few on the market at one time. I will keep my eye on the listings to see if any more or all appear in the listings, again.


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Sechelt Development - The Wharf Place - by Skook - 05-12-2013, 03:51 PM
RE: Sechelt Development - The Wharf Place - by Skook - 10-07-2013, 08:29 AM

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