Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
Foreclosures can get messy. Sometimes so messy that they leave you without a place to clean up.
Today’s foreclosure property is a relatively new condo that will appeal to city dwellers who don’t cook much.
Come take a look at pictures and pricing details for this stripped-down unit, after the jump…
Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
Well it’s not the (in)famous Wall Street, but bankers are now involved, as this Vancouver home is in foreclosure. It’s a 1966 build with some updates, but its most interesting feature is its view – a rare look north from a quiet part of the city.
Check out pictures, pricing and our thoughts, all below…
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Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
We’ve got a curious case in today’s Looking Foreclosure. It’s a 36th floor penthouse on the edge of False Creek with views galore. But it’s been stripped down, leaving lots of work for potential buyers.
Check out pictures, pricing and some interesting background on this Penthouse in distress, after the jump…
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Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
In this Looking Foreclosure we take a look at a two-bedroom townhouse in Kensington-Cedar Cottage at the Brix, a development built in 2006.
It’s walking distance from Trout Lake and sourthern portions of Commercial Drive, and is now in the foreclosure process.
We’ve got pictures, pricing and comparison to a non-foreclosure listing below…
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Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
Today’s Looking Foreclosure features a condo in Concord Pacific‘s Coopers Pointe that has been on the market for the better part of two years.
Now it’s listed in a court-ordered sale, giving us a chance to see how a property that is compelled to sell is priced compared to the normal market.
We’ve got pictures and pricing details below…
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Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
We previously profiled this house in Arbutus Ridge in Looking Foreclosure, and wondered at its cheap price per square foot as compared with neighbouring listed houses. At the time (early August), the house located in a prime neighbourhood at 1886 West 36th Ave. was listed for $1,498,000. That put its price per square foot at about $560, almost $200 per square foot less than houses listed a block away.
With a lack of interior pictures in the listing, we wondered what scary things could lurk inside the house to make it list for such a discount (even for a foreclosure listing).
Now a price update has got us even more interested. Details are below…
Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
Hmmm – today’s Looking Foreclosure property piques our interest because of its price, location and mysterious listing photos. It’s a 2673 sq. ft. two bedroom, three bathroom house at 1886 West 35th Avenue in Arbutus Ridge (on the hill heading up to Kerrisdale). That’s a sought-after neighbourhood, and by all means appears to be a great residential street. The house is listed for $1,498,000 in a foreclosure sale. That’s about $560 per sq. ft., much less than the $747 per sq. ft. or $745 per sq. ft. list prices of its neighbours on 35th and 36th Avenues. Details and pictures after the jump…
Looking Foreclosure is a peek at the parallel market of foreclosure properties in your neighbourhood, which often stays under the radar
Foreclosures are still a relative rarity in the Vancouver housing market, despite the flood of foreclosures that has (and continues to) hit many U.S. markets. The reasons for this may not simply be price related. Mortgages in B.C. are recourse to the borrower, unlike most U.S. states which mandate non-recourse loans. The difference being it isn’t as easy to simply walk away from a house that’s lost its value, as the lender can come after you for the difference between sold price and the unpaid mortgage after a foreclosure sale. This makes it unlikely that we’ll see fat cats handing over keys to multi-million dollar homes in Vancouver, which is a shame for the headline writers at the Vancouver Province (who could have a field day in stoking populist anger).
But we do have foreclosures here, and the court-ordered sales can sometimes give interesting insights into the real estate market. Check out a Kerrisdale court-ordered sale after the jump…
