Comments on: What Won’t Sell in Today’s Vancouver Real Estate Market http://www.sebastianalbrecht.com/vancouver_real_estate_blog/what-wont-sell-in-todays-vancouver-real-estate-market/ A real estate blog in general, but focusing on Vancouver specifically written by a local Vancouver realtor. Thu, 21 Jan 2010 00:51:24 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Sebastian http://www.sebastianalbrecht.com/vancouver_real_estate_blog/what-wont-sell-in-todays-vancouver-real-estate-market/comment-page-1/#comment-1547 Sebastian Sat, 06 Dec 2008 05:34:22 +0000 http://www.sebastianalbrecht.com/vancouver_real_estate_blog/what-wont-sell-in-todays-vancouver-real-estate-market/#comment-1547 Good point, Keith. You're right, of course. Price can overcome just about any potential objection. If the price is right, it will sell. Who would pass up a 500 sq ft condo with rental restrictions, 20 years old, tenanted and co-op ownership that was $20,000? My point in the post was to look at the objections that we assume make condos more difficult to sell in a slow market. I think that price was reasonably removed from the equation because I compared each item's sales to it's share of active listings. Everything else being equal, if rental restrictions kept homes from selling in a slower market then we should see a lower percentage of these in sales vs their percentage in active listings. That's not what happened. What was surprising was that some of these "problems" were actually selling better than their share of the market. Good point, Keith. You’re right, of course. Price can overcome just about any potential objection. If the price is right, it will sell. Who would pass up a 500 sq ft condo with rental restrictions, 20 years old, tenanted and co-op ownership that was $20,000?

My point in the post was to look at the objections that we assume make condos more difficult to sell in a slow market. I think that price was reasonably removed from the equation because I compared each item’s sales to it’s share of active listings.

Everything else being equal, if rental restrictions kept homes from selling in a slower market then we should see a lower percentage of these in sales vs their percentage in active listings. That’s not what happened. What was surprising was that some of these “problems” were actually selling better than their share of the market.

]]> By: Keith http://www.sebastianalbrecht.com/vancouver_real_estate_blog/what-wont-sell-in-todays-vancouver-real-estate-market/comment-page-1/#comment-1546 Keith Fri, 05 Dec 2008 23:04:39 +0000 http://www.sebastianalbrecht.com/vancouver_real_estate_blog/what-wont-sell-in-todays-vancouver-real-estate-market/#comment-1546 Good Post. I don't disagree in general, but I feel that in the end of the day it really is price that sells, and that is the only real factor. The price simply has to match the other factors such as location, rental restrictions, age etc. For this reason I think it is hard to get an accurate read from the stats. I do think all things being equal, rental restriction, age, tenanted, etc. do make it more difficult to sell a unit, but that can be countered to some extent with price. Good Post. I don’t disagree in general, but I feel that in the end of the day it really is price that sells, and that is the only real factor. The price simply has to match the other factors such as location, rental restrictions, age etc. For this reason I think it is hard to get an accurate read from the stats. I do think all things being equal, rental restriction, age, tenanted, etc. do make it more difficult to sell a unit, but that can be countered to some extent with price.

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