Must Sell – COVID19 deals in Victoria

Luxury home owners internalizing big losses as COVID19 pandemic sets in.

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The owner of this luxury waterfront home at 2086 Marne St in Victoria’s gonzales area bought in 2016 for $3.29M and this week the Seller accepted an offer for $2.85M = $440k+ internalized loss.

This owner of this luxury condo in Victoria’s inner harbour sold their unit for $123,000 below asking price after sitting on the market for over 1 month

This luxury home in North Saanich was recently listed for $100k less than it was purchased for in 2016. The owner then accepted an offer that was $100k below ask price, which means the Seller internalized a loss of $200k+

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