No, this isn't about hockey or football. Sara and Sheldon from The Edmonton Real Estate Blog have posed this question to our readers: "The price of single family homes in Calgary has been on the rise all year, while in Edmonton we are seeing increased ...
[Read More] By all estimates it appears that single family home sales in October will be approx 1260. That translates to an increase of 54% compared to Oct 2008 and the highest percentage increase for any month ever; at least since I've been keeping records. Of ...
[Read More] Still no signs of my predicted price decrease Compared to last year, for single family homes(SFH): - Sales are up 9%. Historically, going back to the year 2000, sales are up 2%. The average price, median price, and sales price per sq ft are all up. Homes ...
[Read More] If you were reading this blog in March, you may remember a listing in Renfrew which I put on the blog How quickly will this listing sell? . Now settled into their new home, the sellers have been kind enough to answer a few questions about the process of ...
[Read More] A home in Elbow Park set a record yesterday for the highest price ever paid for a home in Calgary at $10.3 million. The previous high price was set last year for a Crescent Heights home which sold for $7.5 million. The 8588 sq ft house was listed for $10.5 ...
[Read More] The headline came from Garth Turner's blog greaterfool.ca/ . A blogger, upon being the only person at an open house, asks if we've finally seen the end of the mania, and also asks the question, "How many first-time buyers and greater fools ...
[Read More] There were 1585 single family homes sold in July. That's the most ever. The previous record was in 2005 with 1573 sales. Sales were up 21% compared to last year. Although the median and average prices dropped, the sales price per sq ft actually increased. ...
[Read More] "whoever this "Squidly" fellow is, he needs serious mental help. This fellow could very well be a physical threat. I'd contact the authorities and get a physical restraining order against someone who appears to be as unstable he is." ...
[Read More] "On MLS map search there are almost 500 million dollar+ in inventory. Who is gonna buy these homes?" Those were blog comments from as recent as January; only six months ago. In the first six months of this year, over four billion dollars worth ...
[Read More] Single family home sales are on pace to set a record for July. After 17 days, we have recorded 884 sales. Back in 2005 we had 848 at this point in the month. Prices are a different story. The July median price is going to be down substantially from June, ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] 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 ...
[Read More] Nobody expected this A sale of $19,000 over list price? This is just another in a long list of surprises this year. A few other notable occurrences that most of us weren't expecting: New listings of SFH down by 46% this month. The popular consensus ...
[Read More] For the spring, we are updating the Single Family Home Statistics and the Condo Statistics every day. Ours are based on the past 30 days, so it gives you a different perspective than Mike's month-to-date stats. For example, today Mike's stats would ...
[Read More] Does everyone remember this pleasant and amiable fellow, "Calgary Rip Off?" He was famous for his love of Calgary. He posted things like this: "I personally consider this stupid city a stepping stone to somewhere else. My wife hates it here, ...
[Read More] When you buy or sell a house, it's important to have all the information for the community you are interested in. The table below illustrates how the differences between areas can be quite large, from a small price decline of 5% in Wildwood to a huge ...
[Read More] For someone who wants to purchase a single family home in Calgary before the end of the summer, what would you tell them after seeing the March stats? Do any of these stats jump out as a warning sign, to buy soon or not to buy at all? March 2009 Stats ...
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