The new issue of The Dalinda Report has just been posted!
- Luke Dalinda had sold Palace Place, Suite 3903 for $1,360,000, or $670 per square foot.
- Luke Dalinda had sold Palace Place, Suite 2204 for $490,000, or $620 per square foot.
- Price charts for Palace Place, Palace Pier, Lago, Waterford, Newport Beach, Ocean Club, Grenadier Landing, Nautilus, and Marina Del Rey!
- Critical information for landlords at Palace Place!
Sales and Prices are through the Roof!
Palace Place had experienced low inventory in the first two months of 2017, which had resulted in significant price appreciation and intense bidding wars for the 4 sales that had occurred during this period. With its 2016 average price at only $439 per square foot, astute buyers had recognized the tremendous value in the quality construction, large spaces, and numerous amenities and services that Palace Place offers.
So far this year, I had set further historic record prices at Palace Place by having sold Suite 2204 for $490,000, or 620 per square foot, by having represented the seller, and I had sold Suite 3903 for $1,360,000, or $670 per square foot, by having represented both the sellers and buyers.
I had sold Suite 4001 for $1,980,000, or $700 per square foot, by having represented the seller. This achievement had allowed for a subsequent sale to achieve $831 per square foot!
Palace Place: LANDLORDS MUST READ!
Landlords, did you know that because of the year Palace Place was completed, Palace Place qualifies for an exemption to the Residential Tenancies Act?
What this means is that Palace Place is EXEMPT from the guideline governing yearly rent increases.
So, while other buildings must follow this year’s guideline of 1.5% for 2017, Palace Place landlords can increase their rent by whatever amount they choose, provided that they follow all other requirements as set out in the Act.
If you would like more information, please contact me!
As the longest serving realtor at Palace Place and a fellow owner, I am highly motivated to achieve record prices. My experience and guidance will position your suite for top dollar. My marketing will offer you better exposure and better results. Please give me a call.
November 25, 2016
Luke Dalinda exceeds the highest standards of care and professionalism. My family and I required a very specific configuration in terms of location, lay-out, and price-point. Luke was able to locate exactly what we needed, and most importantly, he was able to get us our dream home at the best price possible. His knowledge of the market, and his capacity to deliver are second to none.