B.C. real estate: Bidding wars again hitting high-end housing market

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One recent sale went more than $1.6 million over the asking price, while another went $700,000 higher.

price of $2.98 million. These were one-off sales, but they help set a higher comparable price or margin for next sales.Article content

“It was almost like a garage sale cars lined up on the street,” said Stenner. “Even with COVID, and people wearing masks, it was a full house, and people were trying to get in.” “It had great potential, but it was a very small house,” said Stenner of the 3,000-square-foot, two-storey home on a 12,000-square foot lot with ocean views that was built in 1957.

 

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