Sechelt Development - Silverstone Heights

[Skook]

Congratulations to Greypointe Properties!

On April 15th, it sold the first ‘yet-to-be-built’ home at its new Silverstone Heights development. The sale was for a 3 bedroom/2 bathroom, 1672sf rancher listed at $529,900 - a price that included the GST. The final sold price of $504,667 accounts for that beloved 5% federal tax.

You can see the sold lot location below and, yes, that screenshot was taken from the Silverstone Heights website today and, no, there has not been another sale. So, the first listing went up October 22nd (232 DOM) which means the 8 month mark is less than two weeks away.

In early April, an acquaintance visited a few sites in and around Sechelt and here is what she had to say about Silverstone Heights…

Quote:The views are pretty impressive, arguably some of the best panoramic views in Sechelt. The infrastructure in place at Silverstone is equally impressive. Wide paved roads, plenty of room for on street parking, sidewalks with grassy boulevards, trees planted, and jet black light stands.

She mentioned the two completed homes used as the development’s show homes: 5533 Peregrine (Lot 27) and 6010 Cowrie (Lot 9); however, she also noticed foundations going in for two other homes. Perhaps, one was for Lot 22 and the other for Lot 15 because it appears Greypointe has built another spec home. SC Realtors Patrick Hobbs and Carrie Caldwell who are marketing the development mention this new home on a May 21st Facebook posting.

Hobbs isn’t one for using Facebook much. He created the page September 22, 2010 and left it dormant until March 1, 2013 and only about a dozen posts have followed since then. Social Media obviously isn’t his thing but the lack of sales at Silverstone has him concerned enough to write…

Quote:Help us out and share this page with your friends and family. We are looking to get the word out. THANKS! Patrick Hobbs

Now, he may have got a number of email responses, but not much on Facebook. Rhonda van Tent is a Coldwell Banker Realtor in Trail BC. Her question doesn’t hold much promise, does it? I looked at Hobbs’ FB stats page and that post generated a total of 6 “People Talking About This” that week…Zzzzzzzzzzzzzzz. Unfortunately, posting once or twice a month isn’t the way to use social media - that is giving it far less respect than email…LOL. Nope, not going to create any buzz about Silverstone Heights with that user pattern.

Personally, even if Hobbs managed a bit more “buzz” I think sales for this development will be a very slow trickle at best and I’ve offered my reasons why in posts above. So, would it make any sense to build more than those three spec homes (Lot 9, 15, 27)? Any thoughts on what you would do if this were your project?

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Google Earth has been adding 2013 satellite shots and there’s a new view for Silverstone Heights. You can see how Cowrie St extends through Trail Bay Estates into Silverstone, connects to the Derby St and eventually meets up with Northwest Bay Rd. A route designed for traffic flow as West Sechelt Infill Area No.1 develops. No need to worry about that traffic flow for some time to come, I would say. Let's see, a quick count in Trail Bay Estates and what do we get? Only 20 homes built on those 66 lots. The complex in the upper right hand corner is the high school (Chatelech) that Hobbs mentions in his Facebook post.