Supply / Demand / Competition The supply has increased. The demand has dwindled. The competition is stiff. So it’s no surprise to see a property like 2 Dewart Road getting a deal at a 2.5M when the seller bought it for 3,190,000 nearly 20 years ago. The listing began in February 2018 at an aggressive 4,750,000 price tag and has surprisingly stayed with the same agent. It’s listed for both residence as well as land.
Now there’s always the possibility that it goes over list price, however, this usually happens closer to the time that a property re-prices. 2 Dewart’s price was reduced to its current list on 7/12/19 – so time will tell…