February 2007 - Posts
The combined average price has risen over 8% this year and is already higher than the CREB prediction for the entire year(7.5%). March will be the month where the prices start to stabilize. I'm expecting a gazillion new listings to take the upward
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I wonder if anyone else noticed this statistic: Since Feb 1, with 3500 active listings, 23% of sales are at list price or higher. Go back to Oct 2005 when we were on the cusp of the spring '06 craziness, there were 3301 listings and only 15% of sales
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This comment came on the previous blog post, but I thought it would make a terrific start to a new posting(thank you xcskigirl): "I love the inner city and all that it has to offer. As for the comment on homeless people and shelters, I have lived
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"In 2005, I was a brain surgeon, and in 2006, I was a moron,'' said a Florida developer, who walked away from his $3.6 million deposit on the land rather than lose even more money buying it and building homes on it. Speculators are blamed
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Here's a story from today's Herald. Rising home prices expected to curtail sales. Here's a few snippets from the article: The CMHC's Housing Market Outlook report released Monday says "strong price gains in the new and resale market
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The sales/new listings ratio has skyrocketed in the last week. My 7-Day stats show that it has gone from 79% to 94%. Remember last year? The S/NL ratio for the month of February was 95%. I'm expecting(hoping? praying? begging?) sellers to come out
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These are official numbers for January MLS statistics:(Dec 2006 in brackets) SFH Condo Combined Avg price 419,324 (396,870) 285,918 (281,459) 375,646 (361,640) Median price 373,000 (361,000) 265,000 (255,000) 337,000 (334,000) DOM 40 (44) 39 (43) 40 (44)
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