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PRICE DROP - 99 Whitehall Avenue - ROSEDALE

PRICE DROP - 99 Whitehall Avenue - ROSEDALE

In January 2012, I posted this 4+1 bedroom, 2 bathroom house on a 40 x 125 foot lot at 99 Whitehall Avenue in Rosedale.

It was a house that had sold a year earlier for somewhere around $1,500,000.

It was back on the market a year later as this house...

A new build being done by Rosewood Custom Homes, the same people who built this house...

Uhhh...

It was listed at $3,095,000.

It didn't sell and it was back on the market in July 2015 with a new sketch for the house...

The new asking price was $3,695,000.

That is $600,000 MORE than what it was listed for 3 years earlier.  I thought it would sit for a while.

It did.  And in July of this year, they decided to sell the house pre-construction for $2,550,000.

When a house around the corner on a much quieter street at 175 Douglas Drive...

Had sold a year earlier for $2,100,000...

I thought that asking price was going to be tough.  It was.

Both the completed price and the pre-construction prices have now dropped...

To $3,595,000 and $2,399,000 respectively.

Not sure that's going to help.

completed listing

pre-construction listing

223 Crawford Street - TRINITY-BELLWOODS

223 Crawford Street - TRINITY-BELLWOODS

19 Ottawa Street - SUMMERHILL

19 Ottawa Street - SUMMERHILL