Palace Place, 1 Palace Pier Court, Suite 2008 – Just Sold!
Despite the turmoil in the real estate market, I am still setting records selling Palace Place suites.
I offer an immense passion, innovative marketing strategies, and an encyclopedic knowledge of Palace Place, which is what is getting deals done in these challenging times. The following is a list of my deals so far in 2022.
Palace Place, 1 Palace Pier Court, Sales by Luke Dalinda in 2022
Sales
Palace Place, 1 Palace Pier Court, Suite 2705 (Seller and Buyer Rep.)
Palace Place, 1 Palace Pier Court, Suite 3405 (Seller Rep.)
Palace Place, 1 Palace Pier Court, Suite 1002 (Seller Rep.)
Palace Place, 1 Palace Pier Court, Suite 701 (Seller Rep.)
Palace Place, 1 Palace Pier Court, Suite 3508 (Seller Rep.)
Palace Place, 1 Palace Pier Court, Suite 2008 (Seller Rep.)
Palace Pier, 2045 Lake Shore, B W, Suite 205 (Buyer rep.)
Leases
Palace Place, 1 Palace Pier Court, Suite 2705
Palace Place, 1 Palace Pier Court, Suite 3009
Having set the all-time record price for Palace Place at $1,138 per square foot, when the building average is $914 per square foot, and a brand new record for Palace Pier at $922 per square foot, when the building average is $606 per square foot, I know exactly what it takes to get top dollar for your suite.
Call, text, or email me today to learn exactly what I bring to the table to help you to achieve the best price possible. 416-725-7170
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Listings are sold like movies these days, so we have produced a new listing intro.
When it comes to Palace Place, no one markets Palace Place more than Luke Dalinda.
When it comes to selling
From exclusive partnerships with companies like Homes & Land Magazine to international exposure in the world’s top luxury real estate portals, Luke Dalinda offers so much more marketing power for less than what you would pay another realtor to put your listing on MLS only.
Put the valuable commission dollars that you pay to work for you, and find out why Luke is the #1 Top Selling Realtor at Palace Place and in Humber Bay Shores.
When it comes to buying
Luke Dalinda has dedicated over 25-years to Palace Place, more than any other realtor has. No one knows more about the history and facts of the building than Luke does. In fact, he wrote the book, literally!
For all the latest news and market insight, call Luke Dalinda at anytime at
416-725-7170 (text and phone) or at LDALINDA@DALINDA.NET
Read about the Palace Place record price per square foot below.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
In October 2022, led by renowned celebrity designer Ramsin Khachi (Marilyn Denis Show) and Folio Interiors, Palace Place will embark on a fully-funded refurbishment of its hallway corridors. This major project will make use of new technologies to maximize design, comfort, and energy efficiency while reducing maintenance.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
There are some critical differences between what is commonly referred to as a “Record Price” and what is in fact “Overpriced”. It is important to understand these differences when navigating the serious challenges that we face in today’s market.
A Record Price is the current, highest amount paid for a property above the last benchmark sale. It is the normal trend upwards in sale prices in a seller’s market.
Overpriced is something ridiculously priced, without comparable sale or reasonable justification.
When properties are overpriced in a specific market or condominium building, it does a disservice to all owners, ultimately bringing everyone’s price down by eroding the trust and reasonable market of buyers for that location.
Overpricing sets off an imbalance that can only be corrected by multiple realistic sales to re-establish the benchmark price.
Studies have shown that overpricing your condo by 10% will cut your potential buyer pool in half. Doing so by 15% will cause you to lose 90% of your potential buyers!
Buyers today are well-informed.
Today, buyers have more access to free information than ever before. Buyers have done their research and have a ballpark idea of what condos in your building are worth.
Furthermore, buyers associate list price with renovation quality. If your condo has not been renovated to the standards of other condos at the same price, you will lose the trust of buyers and lose market credibility.
Banks are also cracking down on appraisals, so, for example, if you were to sell for $1.7M but the bank appraised the suite for $1.6M, the buyer would have to come up with the differential on their own, outside of the deposit, down payment, and mortgage. Too many deals have fallen apart over this lately in the Greater Toronto Area.
The longer your condo sits on the market, the less leverage you, as the seller, will have as a result.
I have been selling for 25-years at Palace Place, longer than any other realtor, and I am also an owner at Palace Place.
It pains me to see how other realtors with no skin in the game whatsoever can ruin all the good work done to elevate our prices by overpricing Palace Place properties. These efforts will only erode the market credibility of Palace Place longterm. For what reason? They will not achieve their desired price, especially in today’s market, and the process of setting benchmark prices will need to start all over again.
To this date, I have set the most record prices for Palace Place, including the highest price per square foot of $1,138 for a renovated suite.
So, while other realtors list on MLS and hope for the best, I am out there every day ensuring buyers fully understand all these important facts and all the wonderful things that Palace Place offers.
Because of these efforts, and my efforts on the Board, Palace Place’s 2021 average price per square foot was $914 as compared to Palace Pier’s average price per square foot of $606, which demonstrates that older condos sell for much less in an area where brand new condos have gone as high as $1,660 per square foot.
I have also been the #1 top selling realtor in Humber Bay Shores since 2016, which allows me to give prospective buyers greater insight into other properties that they might be considering in the area and why Palace Place is the better choice.
For sellers, contact me today to have an open discussion on how to get the best price possible for your suite in today’s market.
For buyers, contact me today so that I can guide you through all the market realities so that you can make the most informed decision in purchasing a property.
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Palace Place, 1 Palace Pier Court, Suite 3009 – Just Leased for $4,300 per month (Landlord Representative).
In these new times of uncertainty where the media is reporting doom and gloom, it takes a seasoned professional to guide you through the market. You just cannot rely on realtors who have never before done a deal in the building. You need a guide who has navigated these market conditions before and knows the Palace Place product better than anyone.
For over 25-years, I have consistently set record prices in every imaginable market at Palace Place. My clients get top dollar and prices that are not easily duplicated.
It is this level of market insight and experience that truly allows you to achieve your goals and get the deal done.
Call today and let’s exceed your expectations! Luke Dalinda 416-725-7170
Be sure that you SUBSCRIBE to this blog to be the first to know of new listingseven before they hit MLS! Stay tuned. The Subscribe link is to the left of this post.
Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
Be sure that you SUBSCRIBE to this blog to be the first to know of new listingseven before they hit MLS! Stay tuned. The Subscribe link is to the left of this post.
Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
