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Sechelt Development - The Wharf Place
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08-24-2015, 07:16 AM,
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RE: Sechelt Development - The Wharf Place
Hey Plelt, welcome to VanPeak. Glad to read you’re finding the posts here helpful.
As you’ve discovered there are more than a few developments I’ve not tackled and the Royal Reach townhomes were one. As you are aware, there are currently 4 townhomes listed there. I highly recommend viewing those lists using SC Realtor Gary Little’s interactive real estate map which shows current price drops and days on market. Little says those who register for a free account “have access to more data and some advanced features” (I wonder if this includes “Sold” data – might be worth checking it out?) As well, I suggest exploring the development using BC Assessment’s property search website. For condos and townhomes, you must enter the address correctly to view the data. For example, Unit 18, 5761 Wharf Ave is typed... 18-5761 Wharf Ave Sechelt Note that there is no space on either side of hyphen. As well, the site has an auto response feature that offers addresses as you type and when you see the address you are looking for you can click on it. The property page will be given this year’s and last year’s assessment (good info for negotiating). As well, you can click on “Show More” for unit details including whether or not it sold in the last 3 years and at what price. You can check out each individual unit by scrolling down to the map and clicking on the dark triangle labelled 5761. A box will appear and you then click on the down arrow to the right side and a drop down menu will appear showing all the units and you can go through the lot of them. Now, I have gone through some saved sales data going back to 2011 and overall unit sale values have dropped at Royal Reach. Here’s what happened to two units that sold in May this year... #39 – 2 storey, 2bed/2bath, 1141sf. Listed Oct 2014 @ $195,000. Went through 3 price drops ($184,900. $179,900, $175,000) and sold for $170,000. #31 – 2 storey, 2bed/2bath, 1040sf. Listed Mar 2015 @ $189,000. Sold for $179,500. What is interesting about #31 is that it was listed back in Mar 2013 @ $214,900 and didn’t sell. There were no sales at Royal Reach in 2013. I don’t know off hand about this unit in 2014 – I didn’t dig. In 2011, #36 (2storey, 2bd/2ba, 1118sf) sold for $215,000. #12 (2storey, 2bd/2½ba, 1655sf) sold for $300,000. In 2012, #19 (End unit, 1½storey, 2bd/2ba, 1021sf) sold for $178,000. #32 (2storey, 2bd/2ba, 1149sf) sold for $205,000. #10 (says rancher TH, 2bd/2ba, 1280sf) sold for $197,000. In 2014, #43(2storey, 2bd/2ba, 1078sf) sold for $172,500. #34 (2storey, 2bd/2ba, 1076sf) sold for $195,000. Some of those selling price differences may be due to having a water view or not (as you know this is not a waterfront development. Another factor that may be pulling prices down is the age of the development – approaching the 25 year mark. Have or will owners be facing any special assessments? Well, that’s the best I can do for you Plelt. Hope it helps and let us know how the search goes. Tell us what you’re seeing out there and what impressions of the SC that you’re getting. Don’t hesitate to start a new thread if you have an interest that isn’t covered by any other. |
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