Imagine putting up a house for sale and not having to do anything to make it look good for a buyer.
That’s the Burnaby real estate market right now, where a filthy, broken-down old house just sold for a whopping $2 million.
The house is on Dufferin Avenue and was built 43 years ago. Measuring at 2,851 square feet on a .19-acre lot, with four bedrooms and three bathrooms, the house sold in 10 days on the market.
Scroll through photos and you’ll see the house is beat up, with all the floors severely damaged and walls in poor shape.
This could be a fixer upper or a tear-down to be replaced by a new house.
Meanwhile, the housing market stayed relatively hot in March.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 26.9 per cent increase from the 3,424 homes sold in February 2022.
Last month’s sales were 25.5 per cent above the 10-year March sales average.
“March of 2021 was the highest-selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago,” Daniel John, REBGV Chair said. “Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.”
There were 6,673 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service (MLS) in Metro Vancouver in March 2022. This represents a 19.5 per cent decrease compared to the 8,287 homes listed in March 2021 and a 22 per cent increase compared to February 2022 when 5,471 homes were listed.
The total number of homes currently listed for sale on the MLS system in Metro Vancouver is 7,628, a 16.6 per cent decrease compared to March 2021 (9,145) and a 13.1 per cent increase compared to February 2022 (6,742).
