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PRICE INCREASE - 314 Palmerston Boulevard - PALMERSTON

PRICE INCREASE - 314 Palmerston Boulevard - PALMERSTON

I first posted it in October 2012 when it was listed at $4,450,000. I mentioned that if this were in the Annex or Yorkville, it would probably be listed around $5,750,000.

It didn't sell and

by May 2013, the price had been dropped to $3,750,000.

It finally sold in August 2013 for $3,470,000.

Then in September 2015, 2 years after it sold for $3.5 million, it was back on the market.  

The only visible changes were the paint colours...

And it looked like they built a full rooftop patio with a bar and shower...

So, the main change was the rooftop patio.

If you were to add a 10% annual increase, the price would be $4,620,000 (plus the cost of the patio).

Instead, I mentioned the price was a 21% increase...

Which when I do the numbers again was actually a 33% annual increase.

33%!!!!!!

The asking price was $6,195,000.

Unsurprisingly, it didn't sell.

But now it is on the market again with a new agent and a new price.

The asking price for this townhouse that sold for $3.4 million only 3 years ago is now...

$6,250,000.

Well.....

At least it's now only a 24% annual increase.

listing

PRICE DROP - 88 Rocmary Place (AKA 90 Rocmary Place) - VAUGHAN

PRICE DROP - 88 Rocmary Place (AKA 90 Rocmary Place) - VAUGHAN

251 Manning Avenue - LITTLE ITALY

251 Manning Avenue - LITTLE ITALY