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April 2009 - Posts

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 Read More...
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 Read More...
14% of SFH sales yesterday were at list price or higher.
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...
Stats are updated daily now
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 Read More...
"Calgary Rip-Off" says buying is now cheaper than renting
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 Read More...
Where did prices decline the least? Where did homes sell better than average?
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...
What advice would you give to my buyer?
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 Read More...