cheaprealty net

I did a search of all the townhouses listed on the MLS in the Victoria Real Estate Board today, Wednesday, May 30, 2007. There are over 250 townhouses listed - that is around 100 more than were listed at the same time last year.

Townhouses are supposedly an inexpensive option favoured by first time buyers. After looking at the first ten listings, with asking prices ranging from $169,900 to $279,900, I guess they could be considered "cheap". The cheapest listing was over $60,000 less than any of the others, but that is because of a pending "special assessment".

There is a general theme to the write-ups that accompany these cheap listings. In 7 out of 10 cases, the write-ups begin by mentioning something about affordability, price reductions or quick sales.

A sampling of the opening tag lines follows:

Incredible value!

BEST BUY IN TOWN.

Thank-you to the realtors who contributed this descriptive copy. It really helps to make the point. It's obvious that these days, a bargain sells itself. I'm amazed these listings even made it to the MLS without being snapped up, the deals sound so good.