The Baytree and Gulf Shires condominium markets are close to closing after four weeks of bidding and closing of sales.
The three-storey condos were first listed on March 22.
On Thursday afternoon, they closed for bidding and closed on Monday.
There were still three to four weeks to go before they closed, according to a news release.
The first Baytree condo was listed for $2.5 million on March 20, and was selling for $4 million on Thursday.
Baytex and Gulftex Condominiums were the next to close on March 25 and 26, with prices of $1.5 and $1 million respectively.
Both units were sold in the first half of this year.
The Baytex condo went for $1,000,000 in the second half of the year.
“The Baytex unit was a good value at $2 million,” Mr Morrison said.
“There were lots of opportunities to do better.
“But it’s a testament to the quality of the buyers and the commitment they made to make the deal work. “
“It’s a good example of how the market can change quickly in the midst of a housing boom. “
“We’re really pleased to be able to close this sale and we’re going to be moving on to the next one.” “
The two Baytex units were valued at $1 billion. “
We’re really pleased to be able to close this sale and we’re going to be moving on to the next one.”
The two Baytex units were valued at $1 billion.
A spokesperson for Baytex said the condos were sold at a discount because the buyers were able to secure a lower mortgage rate.
“Unfortunately, due to market conditions and the impact of the hurricane, the sales price has decreased significantly,” the spokesperson said.