Condo Prices Exploding – Part 2

Just Sold: 101-1168 Richards Street
Last Sale: March 2015 – $975,000
Assessed: $952,000
Asking: $1,399,999
Sold: $1,500,000
Sold in 5 days for 54% more than previous sale 14 months earlier. There were some renovations, but nothing major. Here are the before and after pictures:

101-1168RichardsBefore

101-1168 Richards – Before

101-1168RichardsAfter.jpg

101-1168 Richards – After

Just Sold: 1501-428 Beach Crescent
Last Sale: December 2012 – $1,950,000
Assessed: $2,270,000
Asking: $3,080,000
Sold: $3,280,000
Selling price 68% higher than previous sale 3 years and 5 months ago, 44% higher than assessed value. Sold in 2 days, no pictures provided in listing. Why bother?

Just Sold: 2003-918 Cooperage Way
Assessed: $893,000
Asking: $1,399,000
Sold: $1,350,000
This one actually went for less than asking, but still 51% higher than assessed value. Sold in 13 days.

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