2697 replies to this topic

[sebberry]

There's already very few condos on the market that check all (most) of the boxes for me and the ones that come close are going for significantly over asking

[MarkoJ]

[sebberry]

I'm shocked at what some places are selling for. Even 560sq-ft condos with cheap finishes are in bidding wars now.  

[Mike K.]

850 sales if the average holds. The busiest February on record was in 1992 with 780 sales. Runner-up was 772 sales in 2016.

[sebberry]

I see that a 560 sq-ft condo downtown just sold for ~240k over asking.  1 Bed.  This market is nuts.

 

I'll be living in a tent soon at this rate.

 

EDIT:  It actually went a bit under.  Marko pointed out it was a typo.

[MarkoJ]

I see that a 560 sq-ft condo downtown just sold for ~240k over asking.  1 Bed.  This market is nuts.

 

I'll be living in a tent soon at this rate.

 

That was a typo. Condo market still isn't completely nut. There are 14 listings at Yates on Yates and not one has sold in the last two months.

[sebberry]

I figured it probably was   

 

Still, outside of the downtown core there appear to be a lot going for a fair chunk over asking. That wasn't happening a few months ago.  That one at Wilden Lofts was a bit of a shock.  

[Matt R.]

Nice townhouse in Parkside Place just went for $485, $40 over asking. Wow.

Matt.

[Mike K.]

Eventually the downtown market will move, but inventory outside of downtown is going nuts. A Langford condo just sold out near Costco, and another is nearly 90% sold. We’re talking 160-units between them, not the 20-30 unit projects you see in Sidney.

[sebberry]

Eventually the downtown market will move, but inventory outside of downtown is going nuts. A Langford condo just sold out near Costco, and another is nearly 90% sold. We’re talking 160-units between them, not the 20-30 unit projects you see in Sidney.

 

Three recent sales of identically sized units at the condo on Brock Ave in Langford all went for over asking.  

 

Did I mention a tent is probably my best option for a dog at this point?

[Mike K.]

Yeah, it’s tough.

If you had to guess on the split of pro dog vs anti dog at your place, what would it be?

[sebberry]

Our AGM last year had 7 in favor of adopting the proposed pet bylaw our of 31 votes.

[Mike K.]

Is there a way several changes can be lumped together voted on together?

[sebberry]

Is there a way several changes can be lumped together voted on together?

 

Only the government can get away with an omnibus bill   

[MarkoJ]

[Nparker]

Best February ever?

[Mike K.]

Yes. 780 in 1992.

[MarkoJ]

[Nparker]

March is off to a very strong start.

[sebberry]

It's a pretty lousy selection of condos on the market right now.