eyesthebye wrote:timber2012 wrote:
The best comparable is 1160 E28th. 33x110 lot. Vancouver Special. Sold for $883K in June 2012. So by waiting two months, a purchaser not only saved two months of interest and property taxes, they saved $5K on the price.
I'd say the bear did not bad if a Vancouver Special in the area is their dream home.
The comparable was 1% Realty. So really the seller could have expected to get another $20K+ if they had received maximum exposure on the house on E28th. Maybe some of our resident realtors will show a 1% realty home to their buying clients but many won't.
but someone offeered 100K above asking!!!!!
This isn't supposed to happen in a falling market...or maybe
the market isn't falling. Waddayathink? Are the stats deceiving you and vanpro?
Asking isn't relevant. You need two buyers to want the property. There were at least two that saw that this property was going for marginally less than the last comparable sale. I think it's more telling that they were both disciplined enough to not pay more than the last comparable.