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The Globe and Mail

North Vancouver house sells for $153,000 over asking price


ASKING PRICE $1,699,000

SALE PRICE $1,852,000

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TAXES $6,801

LISTING AGENT Shelley Williams, Team 3000 Realty Ltd.

The Action: The house sold in three days. Listing agent Shelley Williams priced it at $1.699-million, which is slightly lower than the $1.75-million or so that a new home would be priced at. But the house still sold for $153,000 above the asking price.

What They Got: The 2,808-square-foot house in the Forest Hills area of North Vancouver had been extensively renovated, with mouldings and hardwood floors throughout.

Because one of the three bedrooms had been replaced with a larger bathroom, there were only two bedrooms on the main floor, and two bedrooms down. The house sits on a 70-by-110-foot lot.

The Agent's Take: The neighbourhood is located near highly desirable Edgemont Village, and the market is hot, Ms. Williams says. "There is a real high demand for Edgemont Village, Capilano and Forest Hills. Coming in at a $1.699-million asking price allowed us to be able to generate enough enthusiasm and interest that it went over asking.

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"It was exquisitely renovated," Ms. Williams says. "They made it a very elegant residence. So we got multiple offers. The job as a listing Realtor is to get as much money as you possibly can. That's your role. If you are a buyer, and you love the house, and there are other people interested, then you'll have to pay for it."

Editor's note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

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