Sellers of properties that have been on the market for quite some time often do one thing.
They reduce their asking price, and hope to finally land a buyer.
A number do the opposite.
The seller of 6325 Knight Street is one example.
The detached home in East Vancouver was listed on May 24, 2021 for $1,699,000.
The two-storey residence with six bedrooms and two baths didn’t sell.
But instead of asking for less money, the seller increased the price by 47 percent on December 30, 2021.
As of Monday (January 3, 2022), the new price for four days is $2,499,000.
The listing notes that the residence was upgraded in 2020.
The 2022 assessment of the East Vancouver home has increased to $1,400,900 from the previous year’s valuation of $1,259,700.
If sold at $2,499,000, the seller of 6325 Knight Street stands to gain a 78.3 percent premium over the current year’s assessment of the property.
The home was last sold in July 2003 for $347,000.
Here are some photos from the property listed by Royal Pacific Realty Corp.