Odd Spot
Posted March 4th, 2010 in Real Estate, Sharing the Experience | 
Odd
Some strange things happen in the Vancouver Real Estate market. Browsing through the MLS a few stand out above the crowd.
Unfettered Luxury
Courtesy REBGVA case in point is this lovely west side home. It’s brand new and is all tricked out with the best of toys. There are eight bedrooms and eight bathrooms. The record says it has 4,500 square feet of finished space. The list of ‘must haves’ is endless including the legal 2 bedroom suite in the basement.
You may be doubting the level of luxury. In this case, the next gem should pause you to rest easy. Notable amongst the must haves is that the garage also has a washroom. It was tough to figure the necessity of that feature however, at this home’s asking price, necessity is relative. Best guess is that when you are repairing your Benz and get the mid November chill that precipitates a certain physical urge, you can take comfort in knowing that the ability to get relief is close at hand.
Baubles
The story here is not about the baubles offered in this home but rather it’s about the marketing plan. First, it has been on the market for 209 days. That is a long time for any market! Bluntly, you could assume that it is simply overpriced relative to its market range.
Ritual Logic
Astounding is the pricing logic that has prevailed. It originally came to market priced at $2,988,888. Then a cool $300k was left on the table with the price reduction to $2,688,888. It is presumption that the Olympic mantra of ‘I believe’ registered for it is now is priced at $2,888,888. Notable is that such logic comes with its own price. 209 days adds up to a lot of interest payments!
Sadly, the goodness of Feng Shui numbers (that would explain all the eights in the price), has not prevailed to find this home a buyer. Seemingly, it has suffered the wrath of Feng Shui spirits. Perhaps an incantation prevailed and determined that since the 9 and the 6 didn’t work, an appeasement would be to throw in another 8. Problem, seems that’s not working either!
Traffic Spirits
You might well ask why the bad fortune? It’s a glib guess but, logic suggests that all the eights in $2,888,888 has tripped the traffic light on this main arterial route often deluged with traffic and diesel buses during the day.
Casual observation suggests that the spirit of location might be the real issue.
I think I know that place, I’ve driven by its for sale sign coming home from work for the last 209 days wondering why it’s looking so forlorn.
Now I know, too many 8′s and too many bathrooms.
It’s on 16th, not far from McDonald, is it not?
we know what’s coming.
its highlighted in your daily stats larry.
MOI is rising like the sun early in the morning.
bobbles?!
d’ya mean “baubles”?
with a biffy in da garage ya gotta
nuther “mortgage helper”……
have you ever slept in the the back of your Benz?
If I had the cash to spend on a 3 million dollar home, you better believe I would not be spending time doing my own car repairs. Rather, I believe the bathroom in the garage is to facilitate yet another rental suite in the garage!!
@Meth,
yup. You must be part of the problem of traffic. A new calling in life as a traffic spirit.
@blueskies –
you of course, are absolutely right. While I would like to hide behind the spelling error as a test of who is reading the post it will be simpler to just correct it. Thanks for pointing that out.
Then again, one could be a smart ass and inform that Bobbles is the Polish word for Bubbles
Re Benz – Nope, but I have slept in the back of the 1/2 ton.
@ John –
- could be! A new concept in ECO-density – one parking slot = bachelor pad!
let’s see if tonight’s dailies show a sell/list above or below 50%
this is the watermark