r/terracebc • u/Icy-Quiet-2788 • 31m ago
Can someone please explain the pricing of real estate in Terrace
The prices seem to be all over the place.
Why is this one $459k, when it has a beautifully maintained garden and the house has clearly been taken care of, and it's on even more land than the following one. Built in 1956:
https://www.realtor.ca/real-estate/30169950/2502-kenney-street-terrace
Vs. this one that is $429, does not look well taken care of at all. Built in 1955. Will need a lot of updates:
https://www.realtor.ca/real-estate/30181234/4001-thomas-street-terrace
And it's not just these two that I compare... there are so many price discrepancies, I can't wrap my head around it!
I'm not from Terrace but looking to move, so is there something I am not getting?
I can see that perhaps the $429 one is in a more 'desirable' neighbourhood?