Real Estate

Oakville home sellers opt for realistic pricing, reach deal at $49,000 below list

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Sotheby’s International Realty Canada

1300 Greenwood Cres., Oakville, Ont.

Asking price: $1,969,000 (April, 2023)

Selling price: $1,920,000 (April, 2023)

Previous selling prices: $1.3-million (August, 2017); $482,000 (May, 2008); $330,000 (October, 2002); $200,000 (November, 1987)

Taxes: $6,642 (2022)

Days on the market: 12

Listing agents: Nigel Denham and Penny Brown, Sotheby’s International Realty Canada

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The 2,445 square-foot home has three entertaining areas, one of which features a fireplace.Sotheby’s International Realty Canada

The action

This spring, many properties in this part of Oakville south of the Queen Elizabeth Way were setting their asking prices unrealisticaly low in hopes of creating a clamour. The sellers of this recently updated, four-bedroom house decided instead to price it close to where they thought the market was.

“A lot of people were pricing low with offer dates, and you tend to get a lot of

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