Why This $1.7M Vancouver Condo Just Sold For HALF Its Assessed Value — And What That Means For You

And if you’re not paying attention, you’re either leaving money on the table… or walking straight into a trap.

That $1.7M unit that just moved for half its assessed value?
Yeah — that wasn’t a one-off. That was the market tapping you on the shoulder saying: “Things have changed.”

Let’s break down what actually happened… and how you use it to your advantage right now.

✅ What just went down
That $1.7 M luxury condo? It didn’t sell at assessment. It sold way under. That’s not just a discount — that’s a market statement. As I lay out in the video, this isn’t noise: it’s a warning shot for sellers who think all real estate in Vancouver still moves fast.

✅ What’s really driving this

• Inventory is piling up; demand is weak. Recent data shows metro-wide listings and luxury inventory are ticking up. BIV+2Saretsky Group+2

• High-end buyers are gone quiet — and that vacuum usually means price corrections. dailyhive.com+1

• Condo buyers are now picking apart exposure, floor plan uniqueness, and maintenance fees — not just chasing hype. Blanket “luxury” pricing gets exposed fast when multiple similar units sit there unsold.

✅ What this means for sellers (especially luxury/condo sellers)
If you’re selling right now, you can’t rely on “because it’s Vancouver” anymore. Your pricing and positioning matter more than ever. It’s not enough to have “premium finishes.” Buyers are digging into real-world value — and they can see when something is mispriced.

⏳ If you’re out to buy (or reposition)
This is your moment. There are deals to be captured. But only if you move quick, with precision, and zero emotion. Mistakes here don’t cost you “a little” — they cost you thousands.

🧠 My advantage (why I call this out loud)
Because I come from construction + real estate + real-world gets-done — I see beyond the “pretty photos.” I’m not swayed by staging or marketing fluff. I know which buildings have real value, and which ones are inflated. That gives my clients an edge — whether buying or selling — in a market this volatile.

📞 Think this matters to you? It does.

Book your 30-minute strategy call now — I’ll walk you through what’s working, what’s failing, and where your win is.