A home in Burlington, previously sold for $2.1 million, has now been offloaded for just $1.4 million, resulting in a staggering loss of $700,000. The home was re-listed multiple times at higher prices but failed to attract buyers.
A home in Burlington re-listed for sale multiple times and eventually sold at a staggering loss shows just how prices tend to fluctuate in the real estate market. The bungalow, located at 841 Danforth Place in Burlington 's affluent LaSalle neighbourhood, initially sold for $2.1 million in February 2022. However, as interest rates began driving prices down, the home failed to sell when re-listed for $3.3 million a few months later.
In a surprising turn of events, the home was eventually sold for just $1.4 million, resulting in a loss of $700,000. Despite being re-listed at higher prices, the home failed to attract buyers and was eventually sold at a fraction of its original price
Burlington Home Sale Re-Listing Loss Real Estate
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