Tuesday, April 17, 2012

Tues Post #1: Another 'peak' at what's happening in Whistler

Time for another trip up the Sea-to-Sky highway to see what's happening in Whistler.

The picture above is of Greyhawk Condominium.

Specifically unit #303-3317 Ptarmigan Place, Whistler BC.

Unit #303 is a 2,200 square foot “penthouse”. Designer furnished and equipped, it was described as an open floor plan, 2 story, with vaulted ceilings, 3 bedroom plus full office property with the best of everything: full house sound system, TV’s in every room, electronic blinds, air conditioning, top of the line appliances, steam shower, jetted 2 person tub, rare and unique wood species, travertine tiles, granite counters, heated floors plus an HVAC system.

Located in prestigious Blueberry Hill steps away from the Valley Trail and the Whistler Golf Course, the property was purchased in 2007 by an Okanagan resident for $1,730,000.

It was listed in early 2009 for $1,995,000.

According to zrh2yvr who posted over on Vancouver Condo Info, the property sold this week for $1,250,000.

That's $745,000 less than the asking price, $510,000 less than what the owner paid for it in 2007.

It's an example of a wise 'investor' cutting his losses before the real crash takes hold in earnest.

Would you have the guts, or the brains, to do this?

Or would you hold out until you got 'what your property is worth'?


Email: village_whisperer@live.ca
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1 comment:

  1. Add on the condo fees and property taxes for an even bigger loss...