Slow condo market? Not so fast!


Seylynn, one of North Vancouver's newest developments, claims that they have had over 1000 people  in attendance during their opening week/weekend.  Above is a picture of the line-up to get into the sales center this past weekend.  They are reporting that over 65% of their homes have sold in this initial week which is an impressive figure given the stagnate condo market.  Keep in mind that purchasers of pre-construction properties have a seven day rescission period, meaning they can walk away within this seven day period so the reported sales are not likely all "firm" (i.e. the 65% sold claim may ultimately be a slightly smaller figure).


The early success of this development demonstrates that the market is not as bad as many make it out to be.  Well priced properties continue to sell in a timely manner.


Visit there website for more information about this development.

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