Selling Homes by Auction - thoughts?

[Xtrema]

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there is a 4000sqft $2.7mm beauty in bayview backing onto the reservoir for sale right now

Looks like building on the old bones of the house. Does it even have 9' ceiling on the main?

And those stairs, not good.

[ercchry]

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Looks like building on the old bones of the house. Does it even have 9' ceiling on the main?

And those stairs, not good.

There are two to choose from... so picky

[JordanLotoski]

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Ah why does it have to be up in the ghetto though!

Collingwood is a great area

This agent was involved in the Priddis auction a few years back, they told the media the home appraised at 3.5m, and there is no reserve...went for 1,770,000 at auction...Its currently listed for 1.9m and wont sell as 1.770 was to high to begin with (also the same agent who listed the home in pump hill for 8m, then relisted for 12m)

The subject property was listed last year at 3.2m......didn't sell, so hes adjusted to 3,888?

The most expensive home ever to sell, in the absolute peak of the market in Collingwood was this one at 2.8

http://matrix.crebtools.com/Matrix/P...?ID=1915050964

My guess is the home will sell for 2m, the media will have a hayday with this about how the market hasn't recovered....when in fact its all the home is worth

Smoke and Mirrors!!

[ExtraSlow]

When selling by unreserved auction I'd hope the realtor gets a reduced commission

[Twin_Cam_Turbo]

Grew up one street over from this place, crazy to see the mansions that have gone up over the years.

[90_Shelby]

Another one that sold recently in Charleswood that shocked me was this one: https://www.zolo.ca/calgary-real-est...road-northwest

This is maybe 5 minutes from the subject house, not a new build, fully renovated with an addition for ~1.1 million ish. Un-renovated it sold for under $500k if I recall correctly. Jordan can confirm those numbers.

[JordanLotoski]

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Another one that sold recently in Charleswood that shocked me was this one: https://www.zolo.ca/calgary-real-est...road-northwest

This is maybe 5 minutes from the subject house, not a new build, fully renovated with an addition for ~1.1 million ish. Un-renovated it sold for under $500k if I recall correctly. Jordan can confirm those numbers.

Correct, But they did add 400 sq feet of space..none the less a great profit

http://matrix.crebtools.com/Matrix/P...?ID=1916014736

[Xtrema]

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Correct, But they did add 400 sq feet of space..none the less a great profit

http://matrix.crebtools.com/Matrix/P...?ID=1916014736

Not going to lie, if I'm ready to retire today, this isn't a bad place to downsize to (space wise).

[speedog]

Not sure if posted in this thread but a link to a photo album of this 86 Clarendon Road home. Definitely overpriced for the area but never the less, quite a bit of attention to detail appears to have gone into this home.

[blueToy]

https://calgary.ctvnews.ca/online-au...ners-1.3822400



FAIL .

[ercchry]

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https://calgary.ctvnews.ca/online-au...ners-1.3822400



FAIL .

What kind of “no reserve auction” has the power to do that?! Just proves the whole thing was a publicity stunt

[ExtraSlow]

Not surprised with this one. I could see auctions bring a useful way to sell property but this place isn't right for the market.

I love that area, but the owners overbuilt and are paying for it now.

[ercchry]

So hung out with the realtor tonight... he was pissed. Opening bids were as expected and the owner still pulled the plug. Still had to pay the auction house $40k though!

The $3.88m is also breakeven apparently...

[Team_Mclaren]

speaking of Collingwood , anyone noticed that really fucking huge and ugly castle like dirt color house over looking 14th street? whats the deal with that?

https://www.google.ca/maps/@51.08664...2!8i6656?dcr=0