A recent example of an "underpriced house" that set a new price record
House at 65 E 26th Avenue was originally listed at $1.6M, sold for just under $2.2M.
CBC News Posted: Mar 27, 2015 11:53 AM PT Last Updated: Mar 30, 2015 6:08 AM PT
A Vancouver real estate agent who has just sold a home for $567,000 over its published listing price says that underlisting is an accepted selling strategy in the real estate market.
"If the product's right, the timing's right and the inventory is right, it's the right strategy," Paul Eviston told CBC News.
Nevertheless, Eviston said, he would hesitate from using the term "underlisted" in the case of the home at 65 E 26th Ave., originally listed at $1.6 million, which sold for $2,167,000.