Royal Pacific Lions Gate Realty
2522 Palmerston, West Vancouver, B.C.
Asking price: $3,598,000 (September, 2023); $3,598,000, $3,198,000 (November, 2023); $3,450,000, $3,298,000, $3,150,000, $2,999,000 (May, 2024)
Selling price: $2,675,000 (June 20)
Days on the market: Nine months
Taxes: $8,138.78 (2023)
Listing agent: Michelle Vaughan, Royal Pacific Lions Gate Realty
The open-concept main floor has vaulted ceilings, a chef’s kitchen, wood floors and large decks.Royal Pacific Lions Gate Realty
What They Got
The 2,734-square-foot house sits on a large lot nearly a quarter acre, with spectacular views of the ocean, on a hill in the popular Dundarave neighbourhood.
The house, built in 1948, has dated renovations and needs work. It has two bathrooms and five bedrooms, including a primary bedroom with a wood-burning fireplace and large walk-in closet.
The open-concept main floor has vaulted ceilings, a chef’s kitchen, wood floors and large decks. There are three bedrooms downstairs and a landscaped garden.
The house features two bathrooms and five bedrooms, including a primary bedroom with a wood-burning fireplace and large walk-in closet.Royal Pacific Lions Gate Realty
The Action
Listing agent Michelle Vaughan says the market had changed “dramatically” soon after her clients listed their house in September. The property was also difficult to show because it was tenanted.
They relisted several times, dropping the price according to comparables in the neighbourhood. Once re-listed at $2.999-million, they received a couple of offers and, after some deliberation, they finally accepted one of them. The deal completed July 8.
There are three bedrooms downstairs and a landscaped garden.Royal Pacific Lions Gate Realty
The Agent’s Take
Ms. Vaughan said their timing was unfortunate, so her clients chose not to hold off any longer and sell for less than they’d hoped, but with a short closing period.
“We lost the market and then we were chasing it down,” Ms. Vaughan says. “It was one of those situations. When you see the market dropping, it’s scary. You had to get ahead of it, which is why they took this offer … they had other stuff they wanted to put money into. It worked for them.”
The house, built in 1948, has dated renovations and needs work.Royal Pacific Lions Gate Realty