Vancouver Home Sale Anomaly

Multiple Offer

It seems that it was only yesterday when multiple offers were a common topic of discussion in the Vancouver real estate market? In this current market it is equally strange to find a home selling for more than the asking price – but this is after all, Vancouver – a city where real estate has no boundaries.

Elgin

Elgin-01

According to the Multiple Listing Service® the listing agent describes 5043 Elgin is a –

“Rarely found 4 BR family home, with all bedrooms Up! Perfect for growing families with little ones! Large, bright Living Room boasts a gas fireplace and full – width windows. Separate Dining Room is ideal for big family gatherings.

Walk through the double doors to the nicely laid – out Kitchen with oak cabinets, tile floors and open plan Family Room. Powder room and Laundry/Utility room finish off the Main floor. Up the spiral staircase to the bedroom level where the huge Master Bedroom features wall to wall closets and full ensuite.

2nd Bathroom Up comes with double sinks plus full tub and shower. Skylights in both Upper bathrooms. Sunny, fully – fenced back yard & a double garage complete the scene. Quiet non-thru street!”

Missing

Scanning the MLS® information you would discover that the home was missing a ‘mortgage helper’ suite and sits on a shorter lot of only 97.78 feet.

1 of 5

Out of the 5 offers declared one clearly stood out as the winner. In this current market there can be little doubt that the seller thought that 5 offers was too good to be true and accepted a winning bid that was $51,000 higher than the $799,000 asking price.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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