Penthouse sells under asking as market turns

The two-level unit has 19-foot ceilings, floor-to-ceiling windows with views of the North Shore Mountains, a garage-style swing door that opens to a 350-square-foot balcony, custom lighting, a gourmet kitchen, and a master bedroom upstairs with a 200-square-foot walk-in closet.

The unit includes two parking stalls and the building allows pets and rentals. Because it’s a boutique building with around 30 units, the maintenance fee is on the high side.“The market is kind of soft, and not the way it was four months ago,” Mr. Watt said. “Having said that, people are starting to come back to the table. A lot of people haven’t bought yet and missed out due to multiple offers. Of course, now they are negotiating, whereas before you paid over-asking.

Buyers who are selling a house don’t have to worry about interest rates like first-time buyers, he adds.to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

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