Macdonald Realty
142 E. 43rd Avenue, Vancouver
Asking price: $2.699-million (July 5)
Previous asking price: $2.798-million (November, 2023)
Selling price: $2.65-million (July 8)
Previous selling price: $1.25-million (2020)
Days on the market: Three
Taxes: $7,912.66 (2023)
Listing agent: Lorne Goldman, Macdonald Realty
What they got
The kitchen is small for such a spacious house, but it looks out on to an open-concept dining and living area.Macdonald Realty
This 2,522 square-foot house is indicative of the high prices of the Main Street neighbourhood.
Built in 2021, the three-bedroom, three-bathroom house has patios, porches and balconies as well as a one-bedroom rental suite as a mortgage helper.
A study in beige and grey, the interior has high-end appliances, custom millwork and engineered wood floors. The kitchen is small for such a spacious house, but it looks out on to an open-concept dining and living area.
The action
A study in beige and grey, the interior has high-end appliances, custom millwork and engineered wood floors.Macdonald Realty
Listing agent Lorne Goldman received one offer on the house. It had been listed previously with another realtor for 129 days he says, but it didn’t sell.
“[The market is] extremely fragmented. If you go to the west side, you will see a very slow market for higher end stuff, in particular. But for houses deemed affordable, it’s not bad. For instance, for properties [priced] between $2.2-million and $2.5-million, there were 21 listings in August, and five sold.
“But if you take the price range of $7.5-million and over, there are 133 listings, with very few sales. They put the foreign buyer ban on, and they were extremely successful,” says Mr. Goldman.
“It absolutely slowed the market, but as of yet, no price reductions. That’s because everybody has so much equity. I don’t think anyone is motivated.”
The agent’s take
Macdonald Realty
“Young people prefer to be closer to the Main Street and Fraser corridor. There are a large number of successful businesses catering to their desires for cool restaurants, bars and shops,” says Mr. Goldman. “Point Grey and Dunbar certainly have their advantages but for bar and restaurant aficionados Main Street is the place.”
The sale completed Sept. 19.