Palace Place, Suite 4309: Just Leased for the RECORD PRICE of $3,000 per month!

palace place Sold Card - PP 4309Leased

Palace Place

I have written to announce that I have set yet another all-time record price at Palace Place by having just leased Suite 4309 for $3,000 per month.

With the most breathtaking views in Toronto, unrivalled construction, space to actually live in, and a private shuttle to Union Station, Palace Place is the ultimate place to call home for Toronto professionals.

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Palace Place got Elevated!

The Palace Place Elevate seminar was a huge success!

PalacePlaceElevateCrowd

palace place elevate audience

The room was filled to the max on Thursday night, as Luke Dalinda had presented the Elevate seminar, with Benjamin Moore and Ramsin Khachi.

For a recap of the event, watch the following video below (click to play) and follow the new Elevate Seminar link on this website.

We have some swag bags left. If you would like one, send an email to Luke now! LDALINDA@DALINDA.NET

Palace Place RamsinInt

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

 

Palace Place: The Dalinda Report, Humber Bay Shores edition, is out now!

palace place 01a - Dalinda Report (Jan 16)sm

Palace Place Toronto

The new issue of The Dalinda Report has just been posted!

Highlights:

  • Annual report for Palace Place, Waterford, Grand Harbour, Grenadier Landing, Nautilus, Marina Del Rey, and Newport Beach.
  • Get ready for elevate, Palace Place, with Ramsin Khachi!

CLICK HERE TO DOWNLOAD

Where is the market?

In 2015, there had been 458 sales of condominium units that had been sold for under $450,000 in the Humber Bay Shores area.

During this time, there had only been 173 sales of condominium units that had been sold for above the $450,000 price point. Of that amount, there had only been 50 sales of condominium units that had been sold for between $500,000 and $600,000. Of those, only 4 sales were from Palace Place, 2 were from Waterford, 3 were from Newport Beach, 3 were from Marina Del Rey, and 4 were from Grand Harbour.

Finally, since January 2015, there had only been 42 sales of condominium units that had been sold for above $700,000. Of those, only 5 sales were from Palace Place, 6 were from Waterford, 9 were from Palace Pier, and 5 were from Marina Del Rey. Newport Beach and Grand Harbour, with the exception of 2 townhouses, had no sales in this range, and the balance was from Waterview and Waterscapes.

TESTIMONIAL

June 4, 2015

Luke, because of your efforts we sold our late mothers condo at a record high price and well above what the other agents, that we considered, were even willing to list it for. We didn’t choose you just because you offered to list at the highest price, rather we chose you because you had a specific strategy and plan to overcome those price perceptions and barriers. And you did it – highest price and in less than 30 days. We were also impressed with how you cultivated the interested buyers and agents and negotiated. Great marketing, great negotiation you earned your commission — Thank you Luke

Chris, Grant, and Jeff Henderson
Marina Del Rey

This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.

Palace Place Toronto

JUST SOLD! Palace Place, Suite 2007!

Sold Card - PP 2007I have written to proudly announce that I have sold yet another residence at Palace Place by having just sold Suite 2007 by having represented the buyer and the seller.

Palace Place HAT TRICK! Bidding Wars continue!

Palace Place Suite 2306 SoldSpecial Announcement: 1 Palace Pier Court, Suite 2306 sold for $850,000!

I have written to proudly announce that I have set yet another multiple offer bid at Palace Place by having just sold Suite 2306 for $850,000 by having represented the sellers.

This sale represents my third listing in a row to achieve a bidding war at Palace Place.

Do you want to set the next record? Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

The Dalinda Palace Place Report, September 2015, is out!

palace place report september 2015

The new issue of The Dalinda Report has just been posted!

Highlights:

  • Suite 1205 had sold for the record price of $560,000, or $456 per square foot.
  • Suite 1612 had sold for $355,000.
  • Suite 906 had sold for the record price of $880,000.
  • Suite 2306 is for sale at $869,000.
  • Suite 2007 is for sale at $339,000.

CLICK HERE TO DOWNLOAD

PALACE PLACE

Palace Place had experienced a strong period from June 1, 2015 to September 4, 2015, as total sales had increased marginally from 9 sales in 2014 to 10 sales in 2015.

This summer saw the return of bidding wars and great record prices at Palace Place.

I had sold Suite 1205 for $560,000, or $456 per square foot, by having represented the seller. I had sold Suite 1612 for $355,000 by having represented the buyers and sellers. I had sold Suite 906 for $880,000 by having represented the seller.

To find out how you can attract a bidding war for your suite too, please call me (416) 725-7170.

From January 1, 2015 to September 4, 2015, the average price per square foot for Palace Place had been $425, which had been up from $405 in 2014, and a dramatic rise of 14.5% from $371 in 2012 (2012 had marked the beginning of major improvements at Palace Place).

Where is the market?

So far this year, there had been 322 sales of condominium units that had been sold for under $450,000 in the Humber Bay Shores area.

During this time, there had only been 121 sales of condominium units that had been sold for above the $450,000 price point. Of that amount, there had only been 37 sales of condominium units that had been sold for between $500,000 and $600,000. Of those, only 4 sales were from Palace Place.

Finally, since January 2015, there had only been 28 sales of condominium units that had been sold for above $700,000. Of those, only 5 sales were from Palace Place.

To continue to elevate our price per square foot, we must be sure to do everything possible to make our suites presentable. Palace Place has been long known for its luxury standard, but we need to ensure that our suites live up to that standard too!

It is for this reason that I am now offering clients free staging consultation and basic suite repair services as an addition to my already extensive list of listing service offerings.

As an owner at Palace Place and the longest serving realtor, I am highly motivated to achieve record prices. I am on-site and on-call 24/7. I am the only Palace Place realtor that has been recognized as one of the top advertisers in The Toronto Star, and I have advertised the most in The Globe & Mail. Add my website, homes and condos newsletters, Google, and other strategic initiatives, and you will quickly discover why I get the deal done!

Dollar for dollar, I offer the most marketing services for the least commission. Give me a call, or send me an email, for a confidential consultation at no charge or obligation.

As always, I am honored to be considered for your real estate needs. Thank you for your time.

TESTIMONIAL

May 29, 2015

Luke is a dedicated professional agent whose Palace Place/Humber Shore knowledge and insights have surpassed all of our expectations. Furthermore, he is a joy to work with!

Luke has helped us both lease and sell our beloved apartment.

When we requested he put together a marketing strategy for the sale of our property, he delighted us by scoring the first ever Palace Place “Condo of the Week” award in the Toronto Life publication.

His insights on the building and the neighboring buildings are something that he has achieved through years of hard work and from residing in the building, which I believe distinguishes him from other agents in the area.

We always found Luke to be honest, and sage in his recommendations.

There is truly no reason to consider anyone else while searching for a real estate agent to represent you in the Humber shores area.

Jill Richardson

This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.

Palace Place Toronto

Yet another round of Multiple Offers for Palace Place! Just Sold: 1 Palace Pier Court, Suite 1612 for $355,000

palace place 1612 soldSpecial Announcement: 1 Palace Pier Court, Suite 1612 sold for $355,000!

I have written to proudly announce that I have set yet another multiple offer bid at Palace Place by having just sold Suite 1612 for $355,000 by having represented the buyers and sellers.

Having set the record price for 12 suites earlier this year at $370,000, this sale helps solidify a new standard for one of Palace Place’s most sought-after 1-bedroom suites. This suite was sold in a multiple offer situation over what is typically a lazy August long weekend, a clear indicator of the tremendous opportunity that Palace Place offers condominium buyers.

This is a great accomplishment for 12 suites at Palace Place. It clearly demonstrates the value of a realtor who knows his product, has key connections, and can walk his talk.

Buyers take note!

Do the math! This sale price of $436 per square foot is a bargain when new, inferior construction is charging $700 to $1,000 per square foot. Why buy the K-car when you can own the Mercedes-Benz?

Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers unrivalled construction and magnificent floor plans that you cannot find in new buildings today!

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Multiple Offers have returned to Palace Place! Just Sold: 1 Palace Pier Court, Suite 1205 for $560,000!

palace place Sold Card - PP 12053C0A7049Special Announcement: 1 Palace Pier Court, Suite 1205 sold for $560,000!

(Sold for over asking!)

I have written to proudly announce that I have set yet another record price at Palace Place by having just sold Suite 1205 for $560,000, or $456 per square foot, by having represented the seller.

This sale represents the highest price ever paid for a low-floor 05 suite! This suite was sold in a multiple offer situation in 1-day, a clear indicator of the tremendous opportunity that Palace Place offers condominium buyers.

This is a great accomplishment for low-rise 05 suites at Palace Place. It clearly demonstrates the value of a realtor who knows his product, has key connections, and can walk his talk.

Buyers take note!

Do the math! This sale price of $456 per square foot is a bargain when new, inferior construction is charging $700 to $1,000 per square foot. Why buy the K-car when you can own the Mercedes-Benz?

Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers unrivalled construction and magnificent floor plans that you cannot find in new buildings today!

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

JUST SOLD: Palace Place, Suite 906 for the RECORD PRICE of $880,000! Toronto Life Condo of the Week!

palace place Sold Card - PP 906toronto-life-logo-2010IMG_7648Palace Place Suite 906Palace Place Suite 906Special Announcement: 1 Palace Pier Court, Suite 906 sold for $880,000!

I have written to proudly announce that I have set yet another record price at Palace Place by having just sold Suite 906 for $880,000 by having represented the seller.

A while back, Toronto Life had awarded Palace Place the prestigious Condo of the Week title for Suite 906.

See the article here.

This is a great accomplishment for low-rise 06 suites at Palace Place, which offer magical water views and lots of space.

Achieve your goals, and get the deal done!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

 

The Dalinda Palace Place Report, May 2015, is out!

palace place report may 2015The new issue of The Dalinda Report has just been posted!

Highlights:

  • Suite 2302 had sold for the record price of $585,000, or $486 per square foot.
  • Suite 3408 had sold for the record price of $490,000.
  • Suite 2306, totally renovated, is for sale at $899,000.
  • Suite 402, featuring a modified floor plan and 2nd shower, is for sale at $589,000.

CLICK HERE TO DOWNLOAD

Palace Place

Palace Place had experienced a strong first four months of 2015. Total sales had decreased from 11 sales in the first four months of 2014 to 10 sales in the first four months of 2015.

The record sales during this time were my sales of Suite 2302 for $585,000, which is $486 per square foot, and Suite 3408 for $490,000.

The average price per square foot for Palace Place for 2014 had been $405, which had been up from $399 in 2013, a dramatic rise from $371 in 2012.

The highest price per square foot that has been achieved for Palace Place remains my personal record at $515 per square foot.

Recently, I was touring Palace Place with a twenty-something Bay Street investment banker. Being 37, I can say that this was one of the first times that I felt old.

Having shown Palace Place more than any other realtor, this tour was an eye-opening experience into what this young, hip demographic looks for in a condo.

What I had quickly discovered was a lack of tolerance for suites that did not make a presentation effort.

We see it repeatedly in the home improvement TV shows. It takes a lot of effort to ready your home for sale. By not putting in that effort, or expecting buyers to have vision to see beyond, you only jeopardize your sale.

In this case, the suites that clearly did not make the effort were even more quickly dismissed.

To elevate our price per square foot, we must be sure to do everything possible to make our suites presentable. Palace Place has been long known for its luxury standard, but we need to ensure that our suites live up to that standard too!

It is for this reason that I am now offering clients free staging consultation and basic suite repair services as an addition to my already extensive list of listing service offerings.

As an owner at Palace Place and the longest serving realtor, I am highly motivated to achieve record prices. I am on-site and on-call 24/7. I am the only Palace Place realtor that has been recognized as one of the top advertisers in The Toronto Star, and I have advertised the most in The Globe & Mail. Add my website, homes and condos newsletters, Google, and other strategic initiatives, and you will quickly discover why I get the deal done!

Dollar for dollar, I offer the most marketing services for the least commission. Give me a call, or send me an email, for a confidential consultation at no charge or obligation.

As always, I am honored to be considered for your real estate needs. Thank you for your time.

TESTIMONIAL

February 23, 2015

Luke,

You are ‘the man’ when it comes to selling units in the Palace Place! Your encyclopedic knowledge of the building and prices is invaluable. You are a great cheerleader who helps others recognize the enormous value in our property. You gave us great advice with regard to staging and pricing our condo. And you also made sure every potential purchaser saw how much the Palace Place has to offer. We were so pleased that you used your connections in the real estate community allowing you to achieve a record price for our unit in fewer than 7 days of showing.

Your connections, an excellent brochure, and great online package brought us three offers in a very short time, which ensured that we were able to pick the price, conditions, and closing date we wanted. We can’t thank you enough, and we encourage others to seek out your assistance.

Dr. Glenn Zederayko and Ms. Claire Foley

This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.

Palace Place Toronto

JUST SOLD: Marina Del Rey, Phase 3, Suite 2504 for the RECORD PRICE of $650,000!

Screen Shot 2015-04-30 at 2.50.52 PMMarina Del ReySpecial Announcement: 2269 Lake Shore B W, Suite 2504 sold for $650,000!

I have written to proudly announce that I have set a new record price at Marina Del Rey by having just sold Suite 2504 in Phase 3 for $650,000, or $460 per square foot, by having represented the seller.

This sets a new standard for Marina Del Rey and supports the prices of larger condos in Humber Bay Shores.

While still a significant new record, this sale price of $460 per square foot is a bargain when new construction is charging $700 to $1,000 per square foot.

Achieve your goals, and get the deal done!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

JUST SOLD: Palace Place, Suite 3408 for the RECORD PRICE of $490,000!

Palace Place Suite 3408

palace place suite 3408Special Announcement: 1 Palace Pier Court, Suite 3408 sold for $490,000!

I have written to proudly announce that I have set yet another record price at Palace Place by having just sold Suite 3408 for $490,000 by having represented the seller. Before this record price, the last sale price for a high-rise 08 suite had been $445,000.

I have also set the record price for the low-rise 08 suites at $547,000.

This is a great accomplishment for high-rise 08 suites at Palace Place. It clearly demonstrates the value of a realtor who knows his product, has key connections, and can walk his talk.

Considering a sale? Achieve your goals, and get the deal done!

Call Luke Dalinda today!

LDALINDA@DALINDA.NET • 416-725-7170

The Dalinda Palace Place Report, February 2015, is out!

Palace Place DalindaReportFeb2015_SMALLThe new issue of The Dalinda Report has just been posted!

Highlights:

  • The Palace Place average price per square foot had increased to $405 in 2014.
  • Suite 2302 had sold for the record price of $585,000, or $486 per square foot.
  • Suite 3408 is for sale at $514,888.
  • Suite 2306 is for sale at $899,000.
  • The average home price in Toronto has been forecast by Royal LePage to increase by 4.5% for 2015.

CLICK HERE TO DOWNLOAD

Palace Place

Palace Place had experienced a slow, but stable year in 2014. Total sales had increased slightly from 27 sales in 2013 to 28 sales in 2014.

The average price per square foot for Palace Place for 2014 had been $405, which had been up from $399 in 2013, a dramatic rise from $371 in 2012.

The highest price per square foot that has been achieved for Palace Place remains my personal record at $515 per square foot.

I am grateful and humbled to have once again been the top selling realtor for Palace Place for 2014, and I am honored to have been named one of Toronto’s Top Real Estate Marketers by the Toronto Star. My team has just achieved one of the highest distinctions in the Canadian real estate industry by having achieved the National Chairman’s award for the top 1% in Canada at Royal LePage.

In 2014, Palace Place was dominated by outside realtors who had otherwise never done a deal at Palace Place before. Some owners are not doing their homework and far too often have accepted lower market valuations from realtors looking to make a quick sale.

Buyers take note!

When these new shoebox condos are selling for $700 to $1000 per square foot, you can see that there is a lot of room for improvement in our $405 per square foot average.

Where is the market?

In 2014, there had been 408 sales of condominium units that had been sold for under $450,000 in the Humber Bay Shores area.

During this time, there had only been 123 sales of condominium units that had been sold for above the $450,000 price point. Of that amount, there had only been 51 sales of condominium units that had been sold for between $500,000 and $600,000. Of those, only 11 sales were from Palace Place.

Finally, since January 2014, there had only been 31 sales of condominium units that had been sold for above $700,000. Of those, only 6 sales were from Palace Place.

Traditionally, Palace Place has stood on its own with the introduction of new condo buildings into the marketplace. These new buildings are definitely not Palace Place, but they are very modern, brand new condos that offer great views and balconies.

What buyers fail to consider when infatuated with these “new” condos are construction, window wall construction versus curtain wall construction, financial health of the condo corporation, special assessments, what the fees include, what are the fees per square foot in comparison, etcetera. The “new” factor of a condo is lost within 5-years. Buyers need to consider these facts carefully, but, unfortunately, they are given comparisons of all things being equal.

Despite its far superior construction, Palace Place has experienced a challenge in competing with this “new factor”. Add the challenges of qualifying for a mortgage under the new rules, and it is clear how we have seen a decrease in sales since 2012.

A key question that must be asked in our upcoming Federal Election is what are the parties going to do to make mortgages more accessible to hardworking Canadians. Low rates do not cut it, when those who deserve to qualify cannot from inept bureaucracy.

In 2015, we will see even more new inventory come on the market, and a lot more is scheduled for 2016. It will take hard work and passion to keep the incredible value proposition of Palace Place at the forefront.

I continue to seek innovative solutions to attract buyers to your suite. I truly believe that Palace Place is the best-built building in Toronto and one of the city’s foremost residential opportunities.

This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.

Palace Place Toronto

 

JUST SOLD: Palace Place, Suite 2302 for the RECORD PRICE of $585,000!

Sold Card - PP 2302Palace Place Suite 2302Special Announcement: 1 Palace Pier Court, Suite 2302 sold for $585,000!

I have written to proudly announce that I have set yet another record price at Palace Place by having just sold Suite 2302 for $585,000, or $486 per square foot, by having represented the seller.

This is a great accomplishment for low-rise 02 suites at Palace Place. It clearly demonstrates the value of a realtor who knows his product, has key connections, and can walk his talk.

Buyers take note!

Do the math! This sale price of $486 per square foot is a bargain when new, inferior construction is charging $700 to $1,000 per square foot. Why buy the K-car when you can own the Mercedes-Benz?

Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers magnificent floor plans that you cannot find in new buildings today!

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

Breaking News: The Dalinda Team achieves Top 1% in Canada

palace place award_nccThe Dalinda Team has just achieved one of the highest distinctions in the Canadian real estate industry by having achieved the Top 1% National Chairman’s Club status at Royal LePage.

According to Phil Soper, Royal LePage President and CEO, who had said at the announcement yesterday, “We are all very proud of the extraordinary accomplishments and unwavering commitment to excellence displayed by these exceptional people.”

*Such achievement has been based on the number of sales that had been sold by the Dalinda Team in 2014 from Royal LePage and MLS data.

Contact the Dalinda Team today!

Daiva Dalinda, Broker, Luke Dalinda, Sales Representative, Valentina Morasky, Sales Representative. Royal LePage Real Estate Services Ltd., Brokerage.

LDALINDA@DALINDA.NET • 416-725-7170

JUST SOLD: Palace Place, Suite 1503

Palace Place Suite 1503Palace Place City View Luke Dalinda1 Palace Pier Court, Suite 1503 sold for $880,000!

I have written to proudly announce that I have sold yet another suite at Palace Place by having just sold Suite 1503 for $880,000 by having represented the buyer.

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

JUST SOLD: Palace Place, Suite 306

Palace Place 306 Sold Card - PP 3061 Palace Pier Court, Suite 306 sold for $774,000!

I have written to proudly announce that I have sold yet another suite at Palace Place by having just sold Suite 306 for $774,000 by having represented the buyer and seller.

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

JUST SOLD: Palace Place, Suite 1912 for the RECORD PRICE of $370,000!

PalacePlace1912CardA copyPalacePlace1912CardB copySpecial Announcement: 1 Palace Pier Court, Suite 1912 sold for $370,000!

I have written to proudly announce that I have set yet another record price at Palace Place by having just sold Suite 1912 for $370,000 by having represented the buyer.

This is a great accomplishment for 1-bedroom suites at Palace Place. It clearly demonstrates the value of a realtor who knows his product, has key connections, and can walk his talk.

Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers magnificent floor plans that you cannot find in new buildings today!

Come see what Palace Place has to offer! Call Luke Dalinda today!

E: LDALINDA@DALINDA.NET • TEL: 416-725-7170

The Dalinda Palace Place Report, September 2014, is out!

palaceplacereportThe new issue of The Dalinda Report has just been posted!

CLICK HERE TO DOWNLOAD

Palace Place had experienced a strong period from June 1, 2014 to September 4, 2014, as total sales had increased marginally from 8 sales in 2013 to 9 sales in 2014.

While sales are strong, it is critical to note that the record prices that had been experienced from 2010 to 2013 are not being achieved in 2014. This is best attributed to the increase in new inventory from condos like Nautilus, 16 Brookers Lane.

From January 2014 until September 4, 2014, there had been 329 sales of condominium units that had been sold for under $450,000 in the Humber Bay Shores area.

During this time, there had only been 89 sales of condominium units that had been sold for above the $450,000 price point. Of that amount, there had only been 38 sales of condominium units that had been sold for between $500,000 and $600,000. Of those, 10 sales were from Palace Place.

Finally, since January 2014, there had only been 22 sales of condominium units that had been sold for above $700,000. Of those, only 3 sales were from Palace Place.

Traditionally, Palace Place has stood on its own with the introduction of new condo buildings into the marketplace. While Nautilus is definitely not Palace Place, it is a very modern, brand new condo that offers great views and balconies. Palace Place has experienced a challenge in competing with this “new factor”.

What buyers fail to consider when infatuated with these “new” condos are construction, window wall construction versus curtain wall construction, financial health of the condo corporation, special assessments, what the fees include, what are the fees per square foot in comparison, etcetera. The “new” factor of a condo is lost within 5-years. Buyers need to consider these facts carefully, but, unfortunately, they are given comparisons of all things being equal.

This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.

The Dalinda Palace Place Report, Summer 2014, is out!

Palace Place DR June 2014_Backv2SMALL

The new issue of The Dalinda Report has just been posted!

CLICK HERE TO DOWNLOAD

Palace Place had experienced a slow but solid period from January 1, 2014 to June 1, 2014, as total sales had increased from 10 sales in 2013 to 12 sales in 2014.

While sales are strong, it is critical to note that the record prices that had been experienced from 2010 to 2013 are not being achieved in 2014. This is best attributed to the increase in new inventory from condos like Nautilus, 16 Brookers Lane.

What buyers fail to consider when infatuated with these “new” condos are construction, window wall construction versus curtain wall construction, financial health of the condo corporation, special assessments, what the fees include, what are the fees per square foot in comparison, etcetera. The “new” factor of a condo is lost within 5-years. Buyers need to consider these facts carefully, but, unfortunately, they are given comparisons of all things being equal. As the saying goes, “you can only compare apples to apples.”

This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.

The Dalinda Palace Place Report, February 2014, is out!

Palace Place Luke Dalinda 1st Page_BAUN EDITSMALL

The new issue of The Dalinda Report has just been posted!

CLICK HERE TO DOWNLOAD

Palace Place had experienced a slow year in 2013. Total sales had decreased from 34 sales in 2012 to 27 sales in 2013. The average price per square foot for Palace Place for 2013 had been $412, which had been up from $405 in 2012.

The biggest news of 2013 was that I had set the historic, all-time record price per square of $515 for Palace Place.

I am honored to have again sold the most Palace Place suites and to have yet again set the most record prices for Palace Place by far.

My biggest complaint of 2013 is that Palace Place owners are not doing their homework and far to often have accepted lower market valuations from realtors looking to make a quick sale.

Buyers take note!

When these new shoebox condos are selling for $700 to $1000 per square foot, you can see that there is a lot of room for improvement in our $412 per square foot average.

In 2013, there had been 476 sales of condominium units that had been priced under $450,000 in the Humber Bay Shores area.

In 2013, there had only been 117 sales of condominium units that had been priced above the $450,000 price point. Of that amount, there had only been 38 sales of condominium units that had been priced between $500,000 and $600,000. Of those, only 4 sales were from Palace Place.

Finally, since January 2013, there had only been 37 sales of condominium units that had been priced above $700,000.

The big difference between 2012 and 2013 is that 2013 had seen the release of over 57 suites from Nautilus, 16 Brookers Lane, a brand-new Monarch building. To date, 48 of those suites have sold and 9 suites remain on the market.

Traditionally, Palace Place has stood on its own with the introduction of new condo buildings into the marketplace. While Nautilus is definitely not Palace Place, it is a very modern, brand new condo that offers great views and balconies. Palace Place has experienced a challenge in competing with this “new factor”. Add the challenges of qualifying for a mortgage under the new rules, and it is clear how we have seen a decrease in sales.

2014 will see even more new inventory come on the market, and a lot more is scheduled for 2015. It will take hard work and passion to keep the incredible value proposition of Palace Place at the forefront.

I continue to seek innovative solutions to attract buyers to your suite. I truly believe that Palace Place is the best-built building in Toronto and one of the city’s foremost residential opportunities.

This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.

Palace Place, Suite 2802 JUST SOLD!

Palace Place City View Luke Dalinda

Palace Place Sold Card - PP 2802

I have written to proudly announce that I have sold yet another suite at Palace Place by having just sold Suite 2802 for $540,000 by having represented the buyer and seller.

As January continues to fire on all cylinders, buyers are actively trying to find quality suites. It is time for sellers to take note.

If you are looking to sell your Palace Place suite for the best price, please call me today!

Please be sure to check out Toronto Life’s Condo of the Week!

Luke Dalinda

Email: ldalinda@dalinda.net Tel: 416-725-7170

Palace Place, Suite 4306 JUST SOLD for $895,000!

Palace Place Sold Card - PP 4306I have written to proudly announce that I have sold yet another suite at Palace Place by having just sold Suite 4306 for $895,000 by having represented the seller.

The New Year is off to a fantastic start. January 2014 is proving to be one of the most active Januarys in Palace Place’s history! After a very slow fall market, where the majority of sales had occurred for condos priced under $450,000, we are seeing passionate interest from buyers in condos that offer bigger spaces!

Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers magnificent floor plans that you cannot find in new buildings today!

Let me show you an exclusive collection of suites that represent the best that Palace Place has to offer! Call me today!

Please be sure to check out Toronto Life’s Condo of the Week!

Luke Dalinda

Email: ldalinda@dalinda.net Tel: 416-725-7170

Palace Place Suite 4306Palace Place 4306 view

Palace Place Awarded Condo of the Week by Toronto Life!

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Toronto Life has awarded Palace Place the prestigious Condo of the Week title for Suite 906.

See the article here.

According to Luke Dalinda, Palace Place’s longest serving realtor and Vice President (MTCC 1053), “This is a well deserved recognition for one of Toronto’s foremost residential opportunities. We thank Toronto Life for this honor.”

Palace Place is the most prestigious, luxurious, and best managed waterfront condominium residence in Toronto.

Come see why! Contact Luke Dalinda today, Email: LDALINDA@DALINDA.NET Tel:416-725-7170.

Palace Place City View Luke DalindaPalacePlaceClear_Watermark

 

JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 906 – $909,000

Palace Place Suite 906Palace Place Suite 906palace place suite 906IMG_7545Palace Place, 1 Palace Pier Court, Suite 906 – For sale at $909,000

Breathtaking is the word that best describes Palace Place, which is the most prestigious, luxurious, and best managed waterfront condominium residence in Canada. Suite 906 is a modern condominium residence, with approximately 1,985 square feet of living space and breathtaking views of Lake Ontario. This suite features Ian Schrager-inspired finishes. Click for flyer.

Luke Dalinda, Sales Representative. Valentina Morasky, Sales Representative. Royal LePage Real Estate Services Ltd., Brokerage.