AND IT WENT FOR - 98 Gough Avenue - GREEKTOWN, TORONTO (1 Comment)
It was a house that I had posted in 2014 when it had been recently flipped.
At that time, it was listed at $989,000. It thought it would sell around $1,250,000. It sold for $1,275,000.
Four years later, it was back on the market with what should have been a $1,920,000 asking price if you calculated the price at a 10% annual increase.
Instead, it was listed at $1,488,000.
Or a 4% annual increase.
So, either they felt they overpain in 2014 or they were hoping for a bidding war.
Looks like they may have overpaid because this house did not sell for $1.92 but it sold the day after I posted it…
For approximately $1.65 million…
Or a 6.7% annual increase.
On second thought, that’s not so bad.