Tuscany condos sell out in 3 hours

Even before the collapse of an overpass retaining wall, people were lined up in West Kelowna.

Even before the collapse of an overpass retaining wall, people were lined up in West Kelowna.

But those in line weren’t frustrated, they were excited

In anticipation for the Saturday, Nov. 19, 50 per cent off sale on condos at Tuscany Villas, prospective buyers lined up days before the actual sales launch in tents and lawn chairs, just to book an early appointment.

Jacob Martens, the first person in line, camped out three nights to earn first choice of the 84 available condos.

“Throughout the week, we heard from people planning to camp overnight on site,” said Bill Morrison of Pilothouse Real Estate.

“It (was) an incredible value that most of our buyers (had) never seen.”

It took only three hours to sell all 84 condos at Tuscany Villas on Saturday.

The condos prices ranged between $154,900 and $249,900 for one, two and two bedroom plus den homes between 900 and 1,400 square feet with patios ranging between 240 to 2,000 square feet.

Ben Tice, marketing manager for Pilothouse Real Estate, said that the original developer “overbuilt the building.”

“He did a great job in presenting that building and then got caught on some pretty lousy timing. What he (left) behind is a great building,” said Tice.

According to Tice, Saturday’s sale was “fairly chaotic.”

“We could’ve made that process a little bit cleaner, but all those that came and wanted something, got something,” he added.

Potential buyers got the opportunity to check out the building for themselves. Tice said he was impressed with the research that many of them conducted.

“Our buyers today are so savvy and educated. They know the questions to ask; they know what they’re looking for. There was a great deal of investigation where they were allowed to go and experience the building themselves.”

Many of the condos purchased featured views of Okanagan Lake.

 

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