Lack of inventory helps in quick sale of downtown Vancouver condo

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Lack of inventory helps in quick sale of downtown Vancouver condo
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The seller had five showings in one day with the buyer offering the asking price

The unit is in a building that was built in 2006, near Yaletown.The seller, who had lived in the unit for years, wanted to move closer to work. Listing agent Ian Watt had initially suggested a list price of $1.299-million, but saw that the market would pay more.

“It got crazy, and there was nothing for sale, so we decided to try $1.399-million, because you never know.” They had five showings in one day and the buyer, a man in his 30s, offered the asking price. He intends to live in the unit.This urban sub-penthouse unit is in a building that was built in 2006, near Yaletown, with southern views of the city and access to all downtown amenities.

At 1,033 square feet, the unit is large compared to newer ones. Mr. Watt says large corner units in the neighbourhood rarely become available. The two-bedroom, two-bathroom suite has an office space and 200 square-foot balcony.Sutton Group West Coast RealtyThe sale completes mid April.to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

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