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[Downtown Victoria] The Sovereign | Condos | 11-storeys | Built - completed in 2013

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#481 Mike K.

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Posted 26 June 2014 - 10:33 AM

The-Sovereign-June-25-2014.jpg


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#482 Mike K.

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Posted 16 July 2014 - 09:59 PM

It looks like Chard has dropped prices as the project is now being advertised as having "new lower prices."


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#483 MarkoJ

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Posted 16 July 2014 - 10:05 PM

Only two units have sold so far this year and with 10 left that makes for a number of years of inventory.  Price adjustment would not be a surprise.  


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#484 jklymak

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Posted 17 July 2014 - 05:14 AM

They are still around $650/sqft. Sounds over the top expensive to me.

#485 VicHockeyFan

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Posted 17 July 2014 - 05:40 AM

They are still around $650/sqft. Sounds over the top expensive to me.

 

Expensive compared to what?  To $500 sq./ft. in Gordon Head?  


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#486 jklymak

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Posted 17 July 2014 - 06:32 AM

Compared to 6 year old places that go for $450/sqft downtown.

#487 MarkoJ

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Posted 17 July 2014 - 07:47 AM

The average asking per sq/ft price of the 10 units left is $769 and we throw out the $4.4 million penthouse we are sitting at $704 pr sq/ft.  


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2021 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#488 VicHockeyFan

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Posted 17 July 2014 - 07:49 AM

There is a 4th floor courtyard-facing 2br 2ba 2-level loft unit at Hudson at 400/ft...  


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#489 Greg

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Posted 17 July 2014 - 11:37 AM

There is a 4th floor courtyard-facing 2br 2ba 2-level loft unit at Hudson at 400/ft...  

 

 

Compared to 6 year old places that go for $450/sqft downtown.

 

Not all locations in downtown are equal. That is probably one factor.



#490 Mike K.

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Posted 17 July 2014 - 12:31 PM

I don't think I would be spending anywhere near $400/sq/ft for a courtyard facing unit at The Hudson. That project likely won't sell off its stock of condos for many years to come. Why would you spend hundreds of thousands of dollars to stare into a courtyard?


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#491 VicHockeyFan

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Posted 17 July 2014 - 01:16 PM

I don't think I would be spending anywhere near $400/sq/ft for a courtyard facing unit at The Hudson. That project likely won't sell off its stock of condos for many years to come. Why would you spend hundreds of thousands of dollars to stare into a courtyard?

 

Oh ya, I see the only Sovereign suites left are 6th floor and above.  I wonder why they would not put the VIEW from each suite on the website?

 

http://www.thesovere...ca/suites/1003/


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#492 Mike K.

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Posted 17 July 2014 - 02:47 PM

I spoke to a Chard rep about that once, regarding the views "from" the units. Apparently the photosgraphs do not do the view justice and buyers would focus on the rooftops of neighbouring buildings. But the impression buyers had when they actually looked out the window of the real thing was extremely positive. So I suppose they don't want to sour potential buyers with photos of a view that is far better in real life.


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#493 VicHockeyFan

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Posted 17 July 2014 - 03:25 PM

I spoke to a Chard rep about that once, regarding the views "from" the units. Apparently the photosgraphs do not do the view justice and buyers would focus on the rooftops of neighbouring buildings. But the impression buyers had when they actually looked out the window of the real thing was extremely positive. So I suppose they don't want to sour potential buyers with photos of a view that is far better in real life.

 

Ya, it's always a balance I guess, with any real estate photography.  


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#494 MarkoJ

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Posted 22 July 2014 - 02:26 PM

Unit #704 has just sold for 685k or $620 per square foot.  Unit #804 at one point, currently listed at 769k, was listed at 849k or $768 per square foot.


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2021 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#495 MarkoJ

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Posted 26 November 2014 - 09:00 AM

Prices sliding a bit at the Sovereign...

 

Unit #501 reported sold October 28th, 2013 for $587,254.00

Unit #601 (same layout, floor higher), reported sold today (November 26th, 2014) for $545,700.00

 

5 units still left for sale.


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2021 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#496 MarkoJ

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Posted 29 December 2014 - 02:08 PM

The penhouse just went to an out of town buyer for $3,178,000 (asking price $3,990,900).  

 

Another unit also sold last week for $1,235,000 last week.

 

With these two sales they are down to two left!


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2021 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#497 MarkoJ

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Posted 30 January 2015 - 12:04 PM

With this sale there are now only two units left...

 

804%2B-%2B608%2BBroughton.jpg


Edited by MarkoJ, 30 January 2015 - 12:05 PM.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2021 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#498 VicHockeyFan

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Posted 30 January 2015 - 12:15 PM

^

 Unit #804 at one point, currently listed at 769k, was listed at 849k or $768 per square foot.

 

OK, very good.  So this one you talked about back in July.  So it was once listed at $849,000 and sold today for $744,600.

 

1105 sq. ft. 2br 2ba, 1 parking stall.

 

Is there additional parking here Marko, for sale or rent?  I can't imagine most buyers only have one car.


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#499 Greg

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Posted 30 January 2015 - 01:17 PM

A few units have two parking spots. And of lot of folks in the building have one (or no) cars. The building has specifically attracted people who want to live, work and enjoy downtown.



#500 VicHockeyFan

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Posted 30 January 2015 - 01:19 PM

A few units have two parking spots. And of lot of folks in the building have one (or no) cars. The building has specifically attracted people who want to live, work and enjoy downtown.

 

I know.  But I lived in a downtown 63-unit building with only 36 stalls.  Even mix of studio/1br/1+den and 2br.  Very few, if any of the 2br units were car-less.


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

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