In a hot market its easy to think that everything on the market, from junk to gemstones is swept up by eager buyers as soon as its listed, but thats not always the case. Why not look at a few of the units that have been on the market for more than 90 days?
This little puppy in Oakridge is only asking $399k and has been on the market for 323 days, thats almost 1/10 of the age of the building. But if you want to look at building age to listing day ratio thats nothin’:
#2604 788 Richards street hasn’t even been built yet and yet somehow no one has swept in to grab this assignment for easy money. This unit’s been on the market for an astounding 509 days.
“The three secrets to a signature address: luxury, presence, taste”. I suppose you could add time to that list as well, as this offering has been aged like a fine wine. Neophyte marketers take note and learn from the master: If your unit doesn’t sell for $1,064,900 do what Rennie does and raise your asking price a few hundred thousand: This condo in still available for the bargain price of $1,334,900.