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Sechelt Development - Silverstone Heights
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12-03-2013, 10:58 AM,
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RE: Sechelt Development - Silverstone Heights
December 3, 2013 Update:
Sweet dreams are made of this Who am I to disagree? I travel the world and the seven seas Everybody's looking for…real estate? In the post above, I looked at the price range of sales on the Sunshine Coast to see if Silverstone Heights has any hope-in-hell of selling at its listing prices. I mentioned that the majority of 2013 SC single detached home sales to date have occurred in the $300,000 - $399,999 price range. Looking at November sales, I pointed out that from the 1st to 20th there were only 4 SDH sales in Sechelt and all fell in that range. Well, I have the sales figures for November 21st to 27th and they will really impress. There were another four SDH sales in Sechelt that week with two in West Sechelt and two in the Wilson Creek area. Only one sale occurred in the $300,000 - $399,999 price range and what about the other three? Drum roll please…$200,000 - $299,999!!!! Let’s take a look at all four’s impressive listing histories bearing in mind this will be for only their most recent MLS listing - some may have gone through more than one listing. House #1 (W. Sechelt): 40-year-old, 4bd/3ba, 2386sf on 0.30ac. Listed at $314,000, ↓ Aug 21, 2013 $4,500 (-1.4%), ↓ Nov 3, 2013 $20,500 (-6.6%). Sold $276,500. Drop from original list: $37,500 (-11.9%). House #2 (W. Sechelt): 16-year-old, 3bd/2ba, 1282sf on 0.17ac. Listed $323,000, ↓Aug 25, 2012 $14,000 (-4.3%), ↓ Apr 25, 2013 $4,000 (-1.3%). Sold $299,900. Drop from original list: $23,100 (-7.1%). House #3 (Wilson Ck): 23-year-old, 4bd/3ba, 1880sf on 0.18ac. Listed June 2013 $324,900, ↓ July 27,2013 $25,000 (-7.7%), ↓ Aug 29, 2013 $15,000 (-5.0%). Sold $265,000. Drop from original list: $59,900 (-22.6%). Note: the seller purchased the house in Sept, 2010 - list price was $269,000. No ROI with this property. House #4: (Wilson Ck): 39-year-old, 5bd/3ba, 2024sf, on 0.94ac. Listed $279,900, ↓ Sept 7, 2013 $7,900 (-2.8%), ↓ Sept 30, 2013 $3,100 (-1.1%). Sold $303,333. Price increase from original list: $23,433 (+8.4%). Go figure, eh - unless the agent has make a mistake on that sale price, there must have been a bidding war - perhaps over the big workshop because it couldn't have been the house. I think it would be safe to conclude that those buying in the District of Sechelt at least this past month are looking for the best bang for their buck. Forget the stainless steel appliances and granite countertops. I think none of these buyers are interested in starting “a new tradition” or building “a new legacy that connects generations.” All they want is a decent roof over their heads at a realistic price so they aren't carrying a mortgage to their graves. Maybe people are finally waking up. |
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Messages In This Thread |
Sechelt Development - Silverstone Heights - by Skook - 07-24-2013, 08:40 AM
RE: Sechelt Development - Silverstone Heights - by Skook - 11-02-2013, 03:30 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 11-29-2013, 12:09 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 12-03-2013, 10:58 AM
RE: Sechelt Development - Silverstone Heights - by Skook - 12-28-2013, 12:03 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 01-07-2014, 01:20 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 06-11-2014, 08:20 AM
RE: Sechelt Development - Silverstone Heights - by Skook - 12-14-2014, 05:37 PM
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