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Old Posted Jun 29, 2018, 1:01 AM
Colin May Colin May is offline
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Join Date: Mar 2014
Posts: 1,485
Quote:
Originally Posted by Drybrain View Post
"remain unsold" as in they never sold, or are back on the market? Media reports before the building was completed indicated that it was 85% sold as of 2012.

Info came from the developer, but it's hard to imagine why he'd lie about it given that it can easily be fact-checked.

The building has 84 units, 85% is 71. So if eight "remain" unsold, that means they've only sold six units in the past six-and-a-half years? Seems more likely the building is just experiencing normal turnover, with a 9% vacancy rate at the moment, which is, I dunno, not a very big deal?
According to PVSC 8 units have never been sold.
Units 703,801,803,804,1003,1102,1103,1203, have NEVER been sold.
Total assessed value of the 8 units ....$5,148,800
Seems a reasonable guess that the unsold units are facing the adjacent construction, and are probably rented out.
PVSC tells the truth ( the data is taken from the Registry of Deeds ) but the same cannot be said of developers and real estate agents. And remember the old phrase -'Trust but verify'.
PVSC data is freely available, Registry of Deeds information requires an expensive subscription or a visit to the nearest office and payment of a small fee.
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