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Sechelt Development - The Watermark at Sechelt
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12-20-2014, 11:26 AM,
(This post was last modified: 12-20-2014, 11:35 AM by Skook.)
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RE: Sechelt Development - The Watermark at Sechelt
December 20, 2014 Update:
Here’s a striking, eye-catching ad that appeared in yesterday’s Coast Reporter Real Estate Weekly. To think it was barely three years ago – Spring 2012 – that Watermark units were presented to the public in a campaign that included a glossy, marketing magazine; the magazine’s second edition appeared Spring 2013. Of course, back in 2012 it was only the developer trying to sell the Watermark units. Now we have determined owners competing against that very same developer. So, how determined is the Unit 302 owner? The unit was listed back in June at $429,900 (22% above its 2011 purchase price). The list price was dropped in August to $399,900 and this month dropped again to $379,900 - a mere 8% above that original purchase price. Other fine examples of Watermark owner determination can be seen in this December 13th post. Such determination should continue since as of today there are 9 owner resale listings competing against each other as well as against the developer’s 31 listings. ******************************
The last Watermark update back in June concerned itself with the development's commercial listings facing Teredo St. Since then, the Unit 106 listing disappeared and can be assumed sold. Commercial Units 101, 102, 103, 104, 105 remain listed for sale as do the “live/work” studio units 108, 109. |
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