Is it really possible that there have been only three sales in 188 King Street since our sales update in August? If so, we estimate that 32 of the 44 condos remain available. Two first-hand accounts from SocketSite tipsters (firstname.lastname@example.org):
“Right before leaving for vacation at the end of August, we stopped by 188 King again because we really do like a particular unit there. It was the weekend after their price drops (the unit we like was lowered from $925k to $825k). We got a hard sell…from the agent who warned us that the unit would definitely be sold by the time we returned in two weeks from our trip as the price reductions were generating lots of renewed interest. Well, here we are, well into October and if the MLS is correct, it looks like there’s been little to no movement of those units, including the one we like.”
“Based on your last update we took another look at 188 King last week. Couldn’t help but notice that half of the ten available units in ‘Phase II’ were leftover from Phase I.”
It’s true, there are currently 9 Active listed condos in “Phase II,” five of which (201, 203, 306, 404, and 503) were available in “Phase I.” We can’t help but wonder, is the stumbling block product, price, or positioning?
∙ 188 King Street: Sales Update [SocketSite]
∙ Price Reductions At 188 King [SocketSite]