BREAKING NEWS: Palace Place achieves $700 per square foot!

Palace Place Suite 4001 Sold

Palace Place Special Announcement: Luke Dalinda achieves a historic $700 per square foot for Palace Place.

I have written to proudly announce that I have set a historic record price at Palace Place by having just sold Suite 4001 for $1,980,000, or $700 per square foot, by having represented the seller.

The 2015 average price per square foot for Palace Place had been $433 per square foot. Prior to this sale, the highest prices that had been achieved to date were $516 per square foot and $537 per square foot.

To achieve this record price, I had implemented an international marketing plan to showcase Palace Place to the world using my exclusive partnerships, and it had worked! Buyers from Kuwait and Shanghai took immediate notice.

Where else in Toronto can you get such fit and finish, such a spacious size, and such an enchanting view?

Palace Place Suite 4001 Night

This by far is a career highlight for me at Palace Place, and I thank all those who had helped make it happen.

Sellers!

These marketing efforts have left me with several more buyers looking for large Palace Place suites! In fact, they are ready to pay even more given the recognized value proposition Palace Place represents. If you have a large Palace Place suite, please call me ASAP!

Buyers take note!

In the condo world, newer is not better!
Do the math! This sale price of $700 per square foot is a bargain when new, inferior construction is charging up to $1,000 per square foot. Furthermore, this suite size in the downtown core would easily fetch $2,000 per square foot or more. 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, spacious floor plans, 5-star amenities and services, and million dollar views that you cannot find in new buildings today!

Come see what Palace Place has to offer today!

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

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

Breaking News: Just Listed: Palace Place, 1 Palace Pier Court, Suite 1009 – $659,000

Palace Place 1009 view

Palace Place 1009 living room

palace place suite 1009 floor plan

Palace Place, 1 Palace Pier Court, Suite 1009 – For sale at $659,000

Enchanting, spacious elegance…

Breathtaking is the word that best describes Palace Place, which is the most prestigious and luxurious waterfront condominium residence in Canada. Suite 1009 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.  Click for flyer

Call or send an email now to Luke Dalinda to view this opportunity!

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

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

Luke Dalinda’s Palace Place listings are now featured on the Robb Report website!

palace place Robb Report

 

 

Luke Dalinda’s Palace Place listings are now featured on the Robb Report website!

Toronto, October 11, 2016

Luke Dalinda has established a unique partnership to feature Palace Place listings on RobbReport.com, the definitive authority on connoisseurship for ultra-affluent consumers.

“Palace Place is the most prestigious and luxurious waterfront condominium residence in Canada, and it is about time that the world took notice,” says Dalinda.

Together with Luke Dalinda’s exclusive partnership with LuxuryHomes.com, Palace Place will be visible to international buyers.

Beginning with Suite 4001, Luke Dalinda’s select Palace Place listings will be prominently featured to the thousands of international buyers looking to invest in the best that Toronto has to offer.

robbreportpalaceplaceThere are no additional fees to clients. This extra service will be a major added bonus to Mr. Dalinda’s already extensive marketing package, which offers clients better exposure and better results.

About Luke Dalinda
Luke Dalinda has achieved top 1% in Canada status, and is the #1 top selling resident realtor at Palace Place*.
Luke Dalinda had been the first #1 top realtor at Palace Place since it had achieved its independence from Citibank in 1997, as per TREB data.
Luke Dalinda has set the most price records at Palace Place since 1997.
**Such achievement has been based on the number of sales that had been sold in 2014 from TREB MLS data and Royal LePage.

About Robb Report
For nearly 40 years, Robb Report magazine has served as the definitive authority on connoisseurship for ultra-affluent consumers. Robb Report not only showcases the products and services available from the most prestigious luxury brands around the globe, but it also provides its sophisticated readership with detailed insight into a range of these subjects, which include sports and luxury automobiles, yachts, real estate, travel, private aircraft, fashion, fine jewelry and watches, art, wine, state-of-the-art home electronics and much more. For connoisseurs seeking the very best that life has to offer, Robb Report remains the essential luxury resource.

 

As seen in today’s Globe and Mail – Just Listed: Palace Place, 1 Palace Pier Court, Suite 4001 – $2,150,000

Palace Place Suite 4001 fireplace

Palace Place Suite 4001 hall

Palace Place Suite 4001 living

Palace Place Suite 2302 Knight

Palace Place, 1 Palace Pier Court, Suite 4001 – For sale at $2,150,000

A fusion of style and privilege in a landmark building…

Breathtaking is the word that best describes Palace Place, which is the most prestigious and luxurious waterfront condominium residence in Canada. Suite 4001 is a visually arresting condominium residence, with approximately 2,836 square feet of luxury living space, 3-bedrooms, and the most enchanting views of the lake, the city skyline, and High Park. This suite has been meticulously renovated for the discerning buyer, who appreciates quality workmanship and sophisticated styling. Click for flyer.

Call or send an email now to Luke Dalinda for pre-qualification to view this once in a lifetime opportunity!

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

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

Palace Place: The Dalinda Report, Palace Place edition, is out now! Special information for Landlords!

Palace Place Report Sepetember 2016

Palace Place

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

Highlights:

  • Luke Dalinda lists Suite 4001 for $2.15M!
  • Critical information for landlords at Palace Place!

CLICK HERE TO DOWNLOAD

CLICK HERE TO DOWNLOAD PDF VERSION

The 2015 average price per square foot for Palace Place had been $433 per square foot. The highest prices that have been achieved to date are $516 per square foot and $537 per square foot.

Palace Place has long been undervalued. To me, this is unacceptable. To combat this, I have just listed Suite 4001 for $2,150,000. This represents only $758 per square foot for one of the best suites in the building and one of the best views in Toronto. It also addresses the magnificent renovations that have been done throughout this suite.

When local shoebox condominiums are being sold for up to $700 to $1,000 per square foot, I trust you will begin to appreciate the frustration.

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, spacious floor plans, 5-star amenities and services, and million dollar views that you cannot find in new buildings today!

I am going to go gangbusters to try to set this new record, and I am more than qualified to do it. In 2012, I had set our historic record price of $515 per square foot when the building had been selling at that time for $371 per square foot. We have since seen our prices rise steadily, but they are still far from where they should be. I have been setting record prices at Palace Place since my first listing in 1997.

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 2% for 2016, 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.

TESTIMONIAL

March 2, 2016

Dear Luke,

You have represented our last two real estate transactions.
In both cases, the results passed the expectations. Both times we got new record high price for our unit. Everything happened quickly, without pain and stress. We are impressed with your professionalism and communication throughout the whole process.
We have complete confidence in you. It was a great pleasure working with you.
Thank you again!

All the best,
Alina and Richard Mielnik

Palace Place

Breaking News: Just Listed: Palace Place, 1 Palace Pier Court, Suite 4001 – $2,150,000

Palace Place Suite 4001 living

Palace Place Suite 4001 hall

Palace Place Suite 4001 kitchen

Palace Place Suite 4001 fireplace

Palace Place, 1 Palace Pier Court, Suite 4001 – For sale at $2,150,000

A fusion of style and privilege in a landmark building…

Breathtaking is the word that best describes Palace Place, which is the most prestigious and luxurious waterfront condominium residence in Canada. Suite 4001 is a visually arresting condominium residence, with approximately 2,836 square feet of luxury living space, 3-bedrooms, and the most enchanting views of the lake, the city skyline, and High Park. This suite has been meticulously renovated for the discerning buyer, who appreciates quality workmanship and sophisticated styling. Click for flyer.

Call or send an email now to Luke Dalinda for pre-qualification to view this once in a lifetime opportunity!

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

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

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

palace place august 2016

Palace Place

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

Highlights:

  • Demand for Palace Place heats up, but be careful what you list for!
  • Palace Place is getting the highest rent prices in Humber Bay Shores!

CLICK HERE TO DOWNLOAD

CLICK HERE TO DOWNLOAD PDF VERSION

Where is the market?
To date in 2016, there had been 372 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 140 sales of condominium units that had been sold for above the $450,000 price point. Of that amount, there had only been 41 sales of condominium units that had been sold for between $500,000 and $600,000. Of those, only 3 sales were from Palace Place, 4 sales were from Palace Pier, 2 sales were from Newport Beach, and 1 sale was from Ocean Club.

Finally, since January 2016, there had only been 43 sales of condominium units that had been sold for above $700,000. Of those, 4 sales were from Palace Place, 4 sales were from Palace Pier, 1 sale was from Newport Beach, and 3 sales were from Ocean Club.

Palace Place

Palace Place had continued to experience low inventory, which had resulted in continued bidding wars for several suites. Total sales had decreased from 15 sales in the first eight months of 2015 to 13 sales in the first eight months of 2016.

The record sales during this time were my sales of Suite 2906 for $930,000, Suite 2910 for $547,000, and Suite 3102 for $585,000.

There is a lot of demand for Palace Place right now, so if you would like to set the next record price, please give me a call.

Use a Realtor that knows and cares!

Unfortunately, we are still seeing owners list their suites without any proper education to the market value. Recently, a 1,388 square foot suite was listed for $459,000. The realtor had advertised the square footage incorrectly as 1,279 square feet. Worse, the last sale was $565,000 and current listings were asking $689,000. The property was listed on a summer long-weekend before the market could take note, as multiple offers would have driven the price to its true value.

I see costly mistakes such as these far too often.

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.

TESTIMONIAL

October 7, 2015

Dear Luke:

Jose and I would like to thank you for all your work on selling our unit. In several occasions we bought and sold properties dealing with different real estate professionals and we have never experienced such dedication to marketing and presenting a unit. After the sell was agreed, all the paper work was done impeccable and incredibly fast.
Your advise and marketing techniques are world class. Thanks again Luke, we will recommend you to anyone that needs an excellent realtor.

All the best,
Malena and Jose Paradela

Palace Place

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: 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

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

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

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

 

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!

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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!

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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.

The Dalinda Report, September 2013, is out!

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While the home market is firing on all cylinders, the condo market is having a tough year, especially in the Humber Bay Shores area. We are seeing realtors offer as much as 4.5% to the co-operating brokerage for selling hard-to-sell suites. In fact, some of my Palace Place listings have offered as much as 3.5% to the co-operating brokerage, a requirement that I have not seen in over 16-years.

In these market conditions, it takes unparalleled market knowledge and innovative, new compensation models to effect sales. These market conditions truly separate realtors with talent from those without. A realtor who knows his product, has key connections, and can walk his talk is critical in getting the deal done in today’s market.

My sole purpose is to get you the highest possible price, a record price, for the least possible cost.

Given the challenging market conditions, Palace Place had experienced a strong period from June 1, 2013 to September 5, 2013, as total sales had decreased marginally from 9 sales in 2012 to 8 sales in 2013.  Prices had increased significantly during this time. In fact, three of these eight sales had been sold by me.

• I had sold Suite 3906 for the record price of $928,000, or $457 per square foot, which had represented $108,000 over the last 06 sale price.

• I had sold Suite 4305 for the price of $608,500.

• I had sold Suite 1211 for the all-time record price of $383,000.

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

 

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

 

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

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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.