Wow - falling apart.
Seems like those selling homes at $2.8+ are going to be begging for offers soon. LOL. And then you have amateurs buying land for $1.6m. LOL.
If you are selling for $2m or leas there are buyers- but why are they buying those houses when they can purchase a quality new home built in 3 months by your local immigrant family for 2.3m in a few months.
Almost all of the sales listed here are for large lots - a few 6K, lots of 8K, even a few at 10 and 15K sf. 1.6m for an 8K sf lot doesn't seem very high... Hara, you've been claiming that the burnaby market is "back to normal", were you able to buy double lots for 1.6M before the tax?
Funny you should ask, I was involved in a deal on Capital Hill which was already zoned as a double lot in mid 2015. That lot had a view of downtown and was in a better location (Same size lot as the one on Georgia for 1.6) The property was picked up about 1.44 .
However having said as much. That price for Georgia street is a steal of deal. Once you sub divide it, if you can you can sell each 33 x122 for over a million bucks. (if you can. I haven't looked at it but I would assume you can't because it would have gone for more if you could)