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

Palace Place March 2016

Palace Place Toronto

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

Highlights:

  • Market update for Palace Place, Waterford, Ocean Club, Grenadier Landing, Nautilus, Marina Del Rey, and Newport Beach.
  • Bidding Wars continue at Palace Place with 2 record price sales.
  • Palace Place is getting the highest rent prices in Humber Bay Shores!
  • elevate, Palace Place, with Ramsin Khachi, was a huge success!

CLICK HERE TO DOWNLOAD

CLICK HERE TO DOWNLOAD PDF VERSION

Where is the market?

In the first quarter of 2016, there had been 78 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 27 sales of condominium units that had been sold for above the $450,000 price point. Of that amount, there had only been 7 sales of condominium units that had been sold for between $500,000 and $600,000. Of those, only 1 sale was from Palace Pier and 1 sale was from Ocean Club.

Finally, since January 2016, there had only been 9 sales of condominium units that had been sold for above $700,000. Of those, only 1 sale was from Palace Place, 1 sale was from Newport Beach, and 1 sale was from Marina Del Rey.

Condo Spotlight

Palace Place had experienced low inventory in the first quarter of 2016, which had resulted in intense bidding wars for the 2 sales that had occurred during this period. With its 2015 average price at only $433 per square foot and on the rise, these multiple offers had come from astute buyers, who had recognized the tremendous value in the quality construction, large spaces, and numerous amenities and services that Palace Place offers.

Newport Beach had achieved 4 sales during this first quarter highlighting the demand for functional floor plans and recognizing the value in good building management.

There were 5 sales at the Waterford Towers, but no sales and no new listings from Waterford (2095) where there continues to be a strong demand for large high-end suites.

TESTIMONIAL

June 1, 2015

Dear Luke,

The prospect of selling one’s home is a daunting one. So much history and so many memories are inevitably involved.

Thank you for making this process as smooth as it could possibly be. Your professionalism, expertise and bountiful good humour have actually made the experience enjoyable.

The fact that you were able to sell my condominium in one day for a record price speaks volumes.

Many, many thanks for a job thoroughly well done!

Best,

Nan Ruhnke

Palace Place Toronto

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

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 LEASED: Palace Place, Suite 302 for $2,500 per month!

Palace Place Suite 302Listed for $2,300 per month. Leased for $2,500 per month!

I have written to announce that I have set yet another achievement at Palace Place by having just leased Suite 302 for $2,500 per month.

JUST LEASED: Palace Place, Suite 703 for the RECORD PRICE of $4,650 per month!

palace place Sold Card - PP 703LeasedI have written to announce that I have set yet another all-time record price at Palace Place by having just leased Suite 703 for $4,650 per month.

JUST LEASED: Palace Place, Suite 1503 for the RECORD PRICE of $4,650 per month!

Palace Place Sold Card - PP 1503LeasedI have written to announce that I have set yet another all-time record price at Palace Place by having just leased Suite 1503 for $4,650 per month.

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 LISTED! Palace Place, 1 Palace Pier Court, Suite 2306 – For sale at $899,000

palace place suite 2306 new

Palace Place Suite 06 View

palace place 2306 kitchen

Palace Place, 1 Palace Pier Court, Suite 2306 – For sale at $899,000

Breathtaking is the word that best describes Palace Place, which is the most prestigious, luxurious, and best managed waterfront condominium residence in Canada. Suite 2306 is a magnificent condominium residence, with approximately 1,985 square feet of living space and enchanting views of Lake Ontario, the city, and the Humber Bay Shores parkland. Click for flyer. Call or send an email now to Luke.

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

JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 1503 – $5,000 per month

Palace Place City View Luke Dalindapalace place suite 1503PALACE PLACE, 1 Palace Pier Court, Suite 1503 – $5,000 per month

The most sought-after suite at Palace Place!
Suite 1503 is an immaculate condominium residence, with approximately 1,985 square feet of living space and the best city and water views of the building. Click for flyer. Call or send an email now to Luke.

JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 1912 – $2,000 per month

Palace Place North Viewpalace place suite 1912PALACE PLACE, 1 Palace Pier Court, Suite 1912 – $2,000 per month
Suite 1912 is a spacious condominium residence, with approximately 813 square feet of living space and enchanting views of the Humber River and Swansea Village. Call or send an email now to Luke.

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.

JUST LEASED: Palace Place, Suite 2906 for the RECORD PRICE of $4,650 per month!

palace place 2906 livingI have written to announce that I have set yet another all-time record price at Palace Place by having just leased Suite 2906 for $4,650 per month.

JUST LEASED: Palace Place, Suite 1505 for $2,650 per month!

IMG_9754

I have written to announce that I have just leased Suite 1505 at Palace Place for $2,650 per month.

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

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.

JUST LEASED: Palace Place, Suite 705 for the RECORD PRICE of $2,700 per month!

IMG_7860I have written to announce that I have set yet another all-time record price at Palace Place by having just leased Suite 705 for $2,700 per month.

The Dalinda Report, June 2013, is out! Palace Place, an incredible opportunity!

 

palace place drCoverJune13WebPalace Place drBackJune13Web

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

CLICK HERE TO DOWNLOAD

Buyers are confused because they have a lot to choose from, so they are demanding more. You cannot expect buyers to adequately identify the value proposition of Palace Place on their own. You need to have it communicated very clearly to them. You also need to be able to know the differences among the other condominiums that they are considering.

It takes a lot of work and market knowledge, but we are in a buyer’s market that demands it. Palace Place delivers the key fundamentals that buyers must realize that other condominiums cannot offer.

In today’s condominium market, new becomes old fast. Buyers fail to consider the importance of buildings that have been tried and tested and that have built to a much higher standard than the standards of today.

Palace Place had experienced a slow but solid period from January 1, 2013 to June 1, 2013, as total sales had decreased from 15 sales in 2012 to 10 sales in 2013.  Prices had increased significantly during this time. In fact, four of these ten sales had been sold by me.

• Luke Dalinda writes his own market reports, in fact, he had been the first to do so, while other realtors pay some firm that has never even set foot or done a deal at Palace Place to prepare “market reports”.

• Luke Dalinda has lived and practiced through every market cycle at Palace Place. His breadth and depth of market knowledge at Palace Place is unparalleled.

JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 705 – $2,950 per month (Updated)

IMG_7859IMG_7862

pp705 copy

PALACE PLACE, 1 Palace Pier Court, Suite 705 – $2,950 per month
Suite 705 is a spacious condominium residence, with approximately 1,228 square feet of living space and enchanting views of Lake Ontario. Call or send an email now to Luke.

JUST LEASED: Palace Place, Suite 4003 for the RECORD PRICE of $4,200 per month!

Palace Place Suite 4003I have written to announce that I have set yet another all-time record price at Palace Place by having just leased Suite 4003 for $4,200 per month.

JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 4309 – $2,750 per month

IMG_9754PP4309 PP4309 copy

1 Palace Pier Court, Suite 4309 – $2,750 per month

Suite 4309 is an immaculate condominium residence, with approximately 1,388 square feet of living space and enchanting views of Lake Ontario, the Humber Bay Shores parkland, the Humber River, and Swansea village. Call or send an email now to Luke.

JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 4003 – $4,500 per month

Palace Place Suite 4003Palace Place IMG_9742Palace Place Suite 4003Palace Place, 1 Palace Pier Court, Suite 4003

Suite 4003 is a magnificent condominium residence, with approximately 2,028 square feet of living space and enchanting views of Lake Ontario and the city skyline. This suite features brand new hardwood floors! Click for flyer. Call or send an email now to Luke.

Dalinda Report: December Update

Palace Place DalindaWaveAdDec2012(REVISED)small

DalindaWaveAdDec2012(REVISED)

JUST LEASED: Palace Place, Suite 4009 for the RECORD PRICE of $2,700 per month!

I have written to announce that I have set yet another all-time record price at Palace Place by having just leased Suite 4009 for $2,700 per month in only 1-day!

How may I help you?

Feel free to contact me anytime. I am on-site and available 24/7.

Luke Dalinda

ldalinda@dalinda.net

416-725-7170

 

JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 4009 – $2,700 per month

PALACE PLACE, 1 Palace Pier Court, Suite 4009
Suite 4009 is an immaculate condominium residence, with approximately 1,388 square feet of living space and enchanting views of Lake Ontario, the Humber Bay Shoress parkland, the Humber River, and Swansea village. Click for flyer. Call or send an email now to Luke.