Duds and Deals

Here is where I take a look at the offerings in Urban Vancouver and issue a proclamation! Is it a ‘deal’ or a ‘dud.’

A “dud” is likely just overpriced and not a “bad” unit. A price reduction could quickly turn a dud into a deal. Duds generally have had a long marketing time well above the current norms. Do not view duds as a bad thing, but rather an opportunity! Long marketing times can make sellers anxious to cut a deal.

A deal on the other hand is a unit that looks sharp, is priced well, and should sell faster than the current average marketing time. These are often units in which the seller is motivated to close quickly. People moving out of the area for career changes, or estates and such. Buyers should respond quickly to these units as they may not stick around long.

It is important to make this very real disclosure, I have not necessarily been inside all of these units and my opinions are just that, “opinions.” These units are listed on the multiple listing service and should be toured to make any serious evaluation. I do however have a fair amount of insight into these urban properties and their competition. I have sold and toured scores of units over the years and quite recently as well.

Any unit I call a “dud” should still be toured with a licensed pro, and if you do tour it and think I am off base on my “opinion” please send an email to dudsndeals@rodsager.com and tell me why I’m wrong 🙂

That said lets look at some of the units currently listed in the MLS and for the record I will mention if the unit is listed by me for fair disclosure and I will not mark a unit a dud if I have a competing unit listed in the same development.

  • Viewpoint: 2 bed, 2 bath, 1834 SF, MLS #22110242 $1,190,000 DEAL! This is a very nicely updated unit in Vancouver’s tallest condo tower. The 11th floor home offers excellent views over the top of all but a few buildings in the area. River views, mountain views, and urban cityscapes are all in the equation. Viewpoint features secure underground parking with deeded spaces. Location right in the heart of Downtown the views in this corner unit are to the South and West. Viewpoint units do not come on the market often so now is the time to write it up!
  • Shorewood: 2 beds, 1.5 baths, 1236 SF, MLS #22183567 $265,000 DEAL! This is a spectacular price for a very spacious unit in Shorewood with some nice updates. Shorewood is an older development but it has held up well and this unit has a covered patio with a peek through the trees view of the Columbia River. Shorewood has a covered indoor pool that has a retractable roof, plus all the amenities of fitness and recreation. This should go fast so don’t hesitate. 
  • Village at Columbia Shores: 2 beds, 2.5 baths, 1350 SF, MLS #22044292 $590,000 DUD! These top floor units are actually very cool. You have a loft upstairs that can act as a bedroom or a bonus room. It is a defacto 5th floor up there and there is a nice big window to see out from both the main level and the loft. This particular unit is listed as a dud only because it has had a cumulative marketing time well over a year. I am going to arrange a tour and see what is going on here. The unit has been nicely updated and frankly it’s probably is a price adjustment away from going pending. This unit faces north and does not have a river view. Seller could be receptive to an under asking offer, so let’s go write it up!