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Done Deal, 1155 SEYMOUR ST., UNIT 1906, VANCOUVER

The Globe and Mail

1155 SEYMOUR ST., UNIT 1906, VANCOUVER

Listing price: $998,800

Selling price: $1,018,000

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Days on the market: 22

Taxes: $2,098.20

Maintenance fees: $418.62

Buying agent: Nicolas Blachette, Oakwyn Realty Downtown

The Action: Nicolas Blachette and his client had been looking for about a month. "Lots of homes were selling with multiple offers," Mr. Blachette says. This unit near Yaletown came available after a previous offer had fallen through. Mr. Blachette's client jumped on the opportunity and made an offer. His client was looking for a unit in the Yaletown or downtown south location, facing a park with open views at a higher level.

What They Got: This 916-square-foot, two-bedroom condo with den in the Brava building is a bright, southwest corner unit. The well-maintained unit also has a flex room, solarium and two bathrooms. The building, constructed in 2005, has an outdoor pool, fitness centre, theatre room, play areas and furnished guest suites. The downtown unit overlooks Emery Barnes Park and has a small view of False Creek.

The Agent's Take: Mr. Blachette says the $1,111 per square foot price was a good deal, considering the condition and the views. He says new luxury construction adjacent to the building is selling for about $1,400 to $2,000 per square foot as a presale.

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"Homes priced downtown for October up to $1.25-million are still within a seller's market, with low inventory and high sales ratios," Mr. Blachette says. "The inventory and choices remain very limited, especially on the waterfront. At the same time, there are fewer sales, so it might not be the right time to purchase that high-end home now that it's more quiet in this segment."

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