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

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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!

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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 LISTED! Palace Place, 1 Palace Pier Court, Suite 402 – For sale at $589,000

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palace placepalace place 402 viewPalace Place, 1 Palace Pier Court, Suite 402 – For sale at $589,000

Breathtaking is the word that best describes Palace Place, which is the most prestigious, luxurious, and best managed waterfront condominium residence in Canada. Suite 402 is a spacious, renovated condominium residence, with approximately 1,204 square feet of living space and stunning views of the city and lake. 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! 4 Ellis Gardens – $1,999,000 (Watch the video)

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3C0A41703C0A35673C0A37624 Ellis Gardens – $1,999,000 (Watch the video at: www.4EllisGardens.com)

A fusion of style and privilege by the banks of West Grenadier Pond…

This home is a visually arresting, custom-built 3,105 square foot, 4+1-bedroom luxury residence in Swansea village that has been meticulously constructed for the discerning buyer, who appreciates quality workmanship and sophisticated styling. Click for flyer. Call or send an email now to Luke. Watch the video.

This residence is located in the village of Swansea, one of Toronto’s finest neighborhoods. Swansea had been founded and built in 1926. However, Swansea had been first discovered in 1615 by Etienne Brule, whose name can still be found today in the historic Brule Gardens. Swansea had been named by John Worthington, who had named it after the village of Swansea in Wales, United Kingdom, for its’ similar topography of rolling landscapes, twisting roads, and many lush trees that highlight the fairy-tale homes that form this enchanting neighborhood. Swansea is the only Toronto neighborhood to have a river, lake, and pond as its’ natural boundaries. Swansea boasts some of Toronto’s best shopping and dining destinations, the best schools in Toronto West, and quick travel times to the downtown core and the airport, via car or public transit. © Luke Dalinda

Call now to arrange your private tour!

LDALINDA@DALINDA.NET • 416-725-7170

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

 

Condo owners end up never using their balconies.

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palace place beyond the seaFurther to a story I had written a while back about balcony use, I was amazed at a recent open house over this past weekend by the sheer lack of condo residents using their balconies.

By my observation, from the above picture, I had counted no more than 2 users from some 400 units on a stunningly beautiful Saturday and Sunday afternoon.

This reinforces earlier media reports that balconies are rarely used. Yet, they are a key factor in the decision of a novice condo buyer.

Palace Place offers the best use of space in its floor plans and over 5 acres of the lushest landscaped grounds in the city.

Why BBQ on a balcony that barely fits two people, when you can invite family and friends to use one of the many BBQs at Palace Place?

palace place bbqCome tour Palace Place to find out why it is the best condominium residence on the waterfront. Call Luke Dalinda today! 416-725-7170 • LDALINDA@DALINDA.NET

 

 

JUST LISTED: Marina Del Rey, Phase 3, Suite 2504

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Screen Shot 2015-04-30 at 2.50.52 PM3C0A33713C0A3398IMG_4910Marina Del Rey, Phase 3, 2269 Lake Shore Boulevard West, Suite 2504 – For sale at $689,000

Marina Del Rey is a luxury condominium community that had been built by Camrost on the waterfront in sought after Humber Bay Shores. Marina Del Rey had won the Urban Development Institute’s Residential Award of Excellence for ‘Best Designed Community’ in 1989.

Suite 2504 is a stunning condominium residence, with 2-bedrooms, plus a den, approximately 1,415 square feet of living space, and a breathtaking southeast exposure, with lake, city, and marina views. Marina Del Rey features numerous amenities, including a security system, with a 24-hour concierge, and a health club, with a squash court, a sauna room, an indoor pool, lit outdoor tennis courts, a recreation room, and a lounge.

Click for flyer. Call or send an email now to Luke.

JOIN US THIS WEEKEND: OPEN HOUSE Saturday, May 2, 2015 and Sunday, May 3, 2015 between 2 and 4 PM.

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

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

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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

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

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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!

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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!

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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!

Posted on by

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