6/28/2009 2:42:00 PM
It's all down from here?
Jimmy was correct back on June 24 when he said "BTW Peak price for this year has not been established yet." We reached a new peak average and median price yesterday. For single family homes, the 30-day average is now $444,316 and the median is $396,000. ...
Views: 987
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6/15/2009 11:59:00 AM
Peak price for this year: Has it already happened?
For the past three years, we've reached our peak average price for the calendar year as follows: 2008: May(followed by a decline of 9%) 2007: July( " " 6%) 2006: June(" " 2%) On June 4, we reached our peak average price for 2009 at ...
Views: 1601
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6/5/2009 10:37:00 AM
Inventory is approaching the danger zone
The May numbers are in the books(see below). Everyone underestimated the activity and the price increases this spring. The low interest rates along with prices which started out the year 10% lower than last year, has resulted in a price increase and a sales ...
Views: 1648
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5/27/2009 8:58:00 AM
Garth Turner says today's buyers are the greatest fools
The previous topic and analysis gave one person's opinion. Here's another side of the coin, this time from Garth Turner(posted on his blog yesterday): *The current real estate buzz will destroy the wealth of those now buying, especially in multi-offer ...
Views: 1884
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5/20/2009 8:11:00 AM
Worldclass says 2009 - 2010 is THE time to buy
Thanks to blogger Worldclass for the following: I've posted a few times on the bubble blog about a hyperinflation scenario and why owning a hard asset (like a house, gold, or commodity stocks) is a good idea at this uncertain time. As the governments of ...
Views: 1722
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5/17/2009 9:15:00 AM
1.Homes are selling faster than you might think, and: 2. Are you aware of the "Hidden Market?"
I hope everyone is enjoying the holiday weekend. I've been busier than I expected to be this spring. So busy, I haven't even been out to the mountains for that first hike. My winter of skiing seems like a distant memory, but hey, only six months to ...
Views: 755
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5/3/2009 9:02:00 PM
This is a great time to sell
We need more listings. Now. If you have a house which you're thinking of selling, this is the best market we've seen for a long time. Especially if it's in a decent location and priced under $500,000. I have a line-up of buyers waiting for the ...
Views: 1565
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5/1/2009 8:27:00 AM
Balanced market returns in April
Not since July 2007 have we experienced balanced market conditions in Calgary. A 1.8 - 3.5 month supply of homes on the market is considered a balanced market, favouring neither the buyer nor seller, and we crossed over into that territory in April. There ...
Views: 548
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4/29/2009 3:35:00 PM
Diabolo predicted a major crash will happen in May
Could it still happen? The gloom and doom last fall was pervasive. On Nov 3, 2008, a blogger named Diabolo predicted the following for 2009: “Major crash will occur in May 2009 when the expected pick up in the sales doesn't happen." He also ...
Views: 640
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4/25/2009 8:47:00 AM
We have the answer: Sold in 33 days.
Back on March 18, I posted: "How quickly will this listing sell?" Here are some of the comments and predictions: CM said: “I think if you were to list at $400k, it would sell for $380k quite quickly." Van said: “It should sell within ...
Views: 592
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