PAUL ALBRIGHTON QUOTED IN THE GLOBE & MAIL NEWS
"Price Adjustment help move Kitsilano Condo"
Sale of 414-2020 W 8th Avenue Featured Article.
Plain Text:
The agent's take
"This listing is an example of how the market
has changed over the last six or seven
months," Mr. Albrighton said. "The changes
are not drastic. Buyers are just more price
conscious, and properties not only have to
offer good quality and attractive marketing,
but an appealing list price."
Prices need to reflect the higher interest rates
in order for a buyer to act, he said.
Comparable one-bedrooms have dropped
about three to five per cent since the start of
the year, he added. Mr. Albrighton said that
higher priced properties have lost more value,
which opens up some opportunities for those