Back in 2010.....

Now (Mondrian is 25% to 30% sold at time of picture below)
Posted 18 September 2012 - 07:45 PM
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 18 September 2012 - 09:02 PM
Posted 18 September 2012 - 09:54 PM
Posted 19 September 2012 - 06:33 AM
Posted 19 September 2012 - 07:00 AM
What does that mean?
Sales are slower now? Or developers are more confident so they are building with fewer sales?
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 19 September 2012 - 07:03 AM
I think that was a unique situation as 834 came online just after a glut of higher end condos (Bayview, Falls etc.) came to market. 834 had a lower price point with little competition and the pre-sale suites were a real bargain and they satisfied the pent-up demand for entry-level real estate.
I think the pendulum has swung the other way and there's a lot more low to medium priced product on the market. Although some will say it's more of a buyer's market today than it was two years ago.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 19 September 2012 - 07:11 AM
Is there a standard discount for buying pre-sale? And is this discount decreased if the developer is catering to a lower price point product? Maybe the incentive to buy pre-sale just isn't there with these new more affordable developments.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 19 September 2012 - 10:45 AM
Posted 19 September 2012 - 11:54 AM
Marko, 834 was the only show in town whereas now there are 800+ units currently under construction in the downtown core only, with others like the Duet in pre-sale mode as well. It's really not a fair comparison.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 21 September 2012 - 09:42 AM
I wasn't comparing the two directly; more so, illustrating that the market has changed. Supply and demand constitute that change.
Posted 21 September 2012 - 11:37 AM
Most of the units under construction now are "mid to lower end", which is great news for people like me who would like to put and end to the rent payments sooner rather than later.
Posted 21 September 2012 - 12:29 PM
And bad news for me because all these nice new places are killing the value of older condos.
Posted 21 September 2012 - 12:34 PM
Posted 21 September 2012 - 02:01 PM
And move into something half the size?
Posted 21 September 2012 - 02:21 PM
How about a nice concrete building that isn't having it's value killed?
Posted 21 September 2012 - 02:25 PM
Small, expensive, even more expensive if you want parking (usually). No thanks
Posted 21 September 2012 - 03:02 PM
Small, expensive, even more expensive if you want parking (usually). No thanks
Posted 21 September 2012 - 03:32 PM
Posted 21 September 2012 - 03:37 PM
Posted 21 September 2012 - 04:13 PM
Does anyone now what parking spaces are selling for in the buildings downtown? Do you own them outright and attach them to your title or do you use of them on a long term lease basis?
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
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