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House sells for $10.3 million

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 million and was built in 2007.  It only had six bathrooms, though. I wonder what they were thinkingStick out tongue.

Sales of million dollar homes are way down this year. So far in 2009, we've had 178 sales compared to 267 last year.

The 30-day average price for single family homes is now $452,586. Without that sale, it would be $445,286. On the median price it made a whopping impact of $250.

There was another big $ sale yesterday for a measly $3.6 million. It was just a small place- only 5815 sq ft!

As long-time readers of this blog are aware, I've long been an advocate of using median prices to give a true indication of the market direction. I find it unfortunate that the media will report average prices are way up(+$12,000 compared to last year, and +$16,000 compared to last month). The truth is something much different. The median price is virtually the same as last year and up $7,750 compared to last month. Luckily, Calgarians have DailyStats.ca to set it straight!

Posted: Monday, August 17, 2009 10:08 AM by Bob Truman

Comments

Obama said:

you're gay!

Just don't tell my girlfriendWink - Bob

# August 17, 2009 7:03 PM

TCL said:

Very good analysis.

I like reading your blog. Good job, Bob.

# August 17, 2009 8:04 PM

Live from the UK said:

Greater fool. Too much money, not enough brains. We had a bloke here buy a property for £15 million last year only to sell it back to the original seller for  £4 million as he went broke.

£11 million loss on a £15 million "investment". It sure made the news when he bought it and when he sold it!

I'll bet a buyer buys that $10.5 million house for $7 million next year.

Hi Mike;

I'm surprised to see you posting comments on here, especially when it was just yesterday that you said on the Alberta Bubble Blog "I don't check out Bob Truman's blog anymore, what a waste of time. No facts, no proof, just a pro-realtor censored blog. Udder crap."

Poor Mike can't stop himself from looking at this blog. Looks like he needs his regular fix of DailyStats.ca - Bob

P.S. Mike's the guy who said six months ago "Aaaaaaaaaaaah Run for your life. It's a housing crash. aaaaaaaaaaaaah!" I doubt that his new prediction will come true either.

P.S. Mike, do you know the difference between "udder" and "utter?"

# August 18, 2009 1:29 AM

Bob Truman said:

Mike(aka Live from the U.K.) says...

"I'm addicted to DailyStats.ca"

Mike appears to be losing his battle with his addiction. Click on the link to see covert photos of Mike hiding in the closet while reading DailyStats.ca

# August 18, 2009 9:00 AM

calgary annettee said:

see the photos on the link.   My 2cents...don't get on the wrong side of Bob.  This is too funny.

# August 18, 2009 10:24 AM

Chuck said:

re:"I'm addicted to DailyStats.ca"

OMG people, that is too damn funny! The photo is exactly how I picture squidly but maybe add a few more tattoos! Great satire Bob.

# August 18, 2009 12:04 PM

worldclass said:

As unprofessional as that link was, it was deserved and quite funny!  Mike went from Al Bundy's cheerleader to Squidly's homeboy right after he sold his Scarboro home.  He was pumping and pumping (the same thing he accuses realtors of doing) all the while when he needed to sell his property.

There's a word we use to describe people like that...but I won't say it.

I'm sick of the Bubble Blog now, even though I was more of a bear and posted on there...its become a circle jerk of people who want the economy to collapse.

# August 18, 2009 8:19 PM

Dame Edna said:

Too funny, about Mike (Authentic)...

Good job, Bob.

If you go on Squidly77's crazy blog (albertabubbleblog.blogspot.com), Mike (Authentic) actually posts comments in which he praises squidly's crazy posts.

Those bubble types thought they were smart, hey? Ask Carioca Canuck that still denies -on the bubble blog-  that he works at the Calgary lone Porsche dealership. He thought he was smart, until a quick google search of his avatar shows that he is a member of a Porsche enthusiast website where he leaks his own personal info that mentions his employment... just dumb.

Good job again, Bob.

Awesome retribution for their ongoing character assassination.

# August 19, 2009 5:05 AM

Mike said:

worldclass:

Can you tell me please were did you get information if oil go up Alberta jobs on North will be return?

I am another Mike.

# August 19, 2009 10:01 AM

bhd1975 said:

Bob

Al Bundy has not posted anything for a while. Have you heard anything from him? He

bhd

# August 19, 2009 10:07 AM

Dame Edna said:

Garth Turner is now running a censored website (greaterfool.ca)

Twice now I have asked him why some of his biggest predictions were proven false. He never did post or address my questions to him. We all know that he only posts stuff that agrees with him.

I think that folks should know this.

# August 19, 2009 3:31 PM

Worldclass said:

Hi Mike...where did I say that about oil and Alberta jobs up north?  You have me confused with someone else I think.

# August 19, 2009 3:45 PM

dvrvd said:

Hi Bob,

Haven't posted in some time, but when I saw this article I thought I'd share it with you:

Canadian model gets Google to unmask a nasty blogger

http://www.theglobeandmail.com/news/technology/canadian-model-gets-google-tounmaskanastyblogger/article1257768/

Honestly, I'd love to see you take some of those clowns on the other blog to task.

Nice to hear from you! Excellent link and thanks. I've got a pretty good collection of "malicious and untrue statements" from the other blog. Does anyone know of a good lawyer who specializes in this? It would be fun to unmask these (so far)anonymous creeps.

Do you think I should sue them or just ask for a public apology?- Bob

# August 19, 2009 6:22 PM

Bob Truman said:

Re: previous comment. There's now a link in the Herald:

Canadian model wins suit against Google

# August 19, 2009 6:59 PM

Mike said:

Sorry worldclass I will post my answer late... Very busy..

# August 19, 2009 7:31 PM

Calgary Annette said:

For lawyer...call Bennett Jones at Banker's Hall.  Just have them to represent you will freak out those people.

# August 19, 2009 8:29 PM

david silver said:

there was a mansion that sold for 15million this year in calgary. it was sold through calgaryfinder.

# August 19, 2009 8:49 PM

Dame Edna said:

Bob wrote:

"Do you think I should sue them or just ask for a public apology?- Bob"

Time for a new poll!

Character assassination and defamation could be liable in a court of law. Just like that Canadian model did. She won. You could to.

Do it Bob.

Especially that creep squidly77 or whatever he calls himself lately has dedicated a blog to attack you and your profession...

# August 20, 2009 2:31 AM

Dame Edna said:

squidly77 accuses Bob of "contempt against Calgary women" here:

http://albertabubbleblog.blogspot.com/

He must have removed it already. Did anyone save it? He obviously knew it would get him in trouble if he's deleted it already. He'll have another meltdown - just give him time.

If you catch his malicious comments, send them over to me with the time and date they were posted. -Bob

# August 20, 2009 2:48 AM

Calgary Annette said:

let him digs his own grave, I won't waste time on....

One more slip and he's toast. Keep an eye out for me, as he obviously doesn't dare to leave his malicious statements and lies on his blog for more than a few minutes.

He has very little control over his impulses. How long do you think it will take for him to have his next meltdown? -Bob

# August 20, 2009 9:21 AM

Worldclass said:

This is why I have always posted relatively tame and non-attacking comments on blogs.  What you put on the internet stays on the internet.

As for you Bob, though that thing about Mike was funny maybe its time to remove those?  And Squidster is probably squirming now given all that he's said over the past YEARS.

Good luck to all

Mike has been one of the worst at bad-mouthing me with lies and malicious statements. As well, there's one big difference here: I am a real person, with a real business. Mike is anonymous. When he apologizes to me, I'll remove it. - Bob

# August 20, 2009 4:18 PM

Bob Truman said:

This was posted on the AlbertaBubble.blogspot.com(Gloria's blog):

"Zoogle AKA squidly66/77 did a big no-no last evening on his blog by posting falsified evidence that Bob Truman "has contempt for Calgary women".

Does anyone know how to retrieve deleted posts from squidly's blog? http://albertabubbleblog.blogspot.com/

He's also deleted some derogatory references to me in the header. Any help would be appreciated.

So far, everything we've got has been posted on Gloria's blog and he's deleted everything from his own blog. Nice guy. Gloria will be the one who gets the lawsuit.

# August 20, 2009 6:31 PM

Got it! said:

Here it is(the header)

"This blog is inspired by the lack of transparency demonstrated by the Calgary Real Estate Board, its further inspired by the non stop taunting and general disrespect shown towards the citizens of Calgary by realtor Bob Truman"

http://74.125.155.132/search?q=cache:5-C8u9WcNDkJ:albertabubbleblog.blogspot.com/2009/07/is-it-city-of-cagary-0r-calgary-metro.html+albertabubbleblog+posts&cd=3&hl=en&ct=clnk&gl=ca

# August 20, 2009 6:51 PM

Anon said:

Here is a different header from Monday August 3, 2009 - next to the post "Human Nature"

This blog will be fast moving and updated daily, it will concentrate on facts backed by links with a little opinion here and there, everyone is welcome to post weather bear or bull, keep it clean.

This blog is inspired by the one sidedness of main street media (MSM) and the anything but transparent statistics provided by various real estate boards, if the statistics are so honest, then why are they so secret, its further inspired by a transplanted Saskatchewanite used house sales clerk named Bob Truman, who continually taunts and mocks Calgarians for simply having an opinion

Never say something is impossible, once said, someone or something will prove you wrong

http://74.125.155.132/search?q=cache:fvYYhOcSQMYJ:albertabubbleblog.blogspot.com/2009/08/human-nature.html+albertabubbleblog.blogspot.com/2009/08/+bob&cd=3&hl=en&ct=clnk&gl=ca

# August 20, 2009 7:52 PM

Anon said:

A similar header from Tuesday August 4, 2009 - Suzanne said

This blog will be fast moving and updated daily, it will concentrate on facts backed by links with a little opinion here and there, everyone is welcome to post weather bear or bull, keep it clean.

This blog is inspired by the one sidedness of main street media (MSM) and the anything but transparent statistics provided by various real estate boards

If the statistics are so honest, then why are they so secret

Its further inspired by a transplanted Saskatchewanite used house sales clerk named Bob Truman, who continually taunts and mocks Calgarians for simply having an opinion

Never say something is impossible, once said, someone or something will prove you wrong

http://74.125.155.132/search?q=cache:-lgEIzjdybkJ:albertabubbleblog.blogspot.com/2009/08/suzanne-said.html+albertabubbleblog.blogspot.com/2009/08/+bob&cd=5&hl=en&ct=clnk&gl=ca

# August 20, 2009 7:55 PM

Google Bomb said:

Bob, here's something you might be ineterested in. There's been a book written about what squidly is doing:

"Sue Scheff knows first hand about the devastating effects of Google bombing and Internet defamation. Her reputation was destroyed and she almost lost her business because of false and libelous statements about her and her business that went viral. She fought back, and sued the figure head who launched the attack campaign and was awarded a jury verdict of $11.3 million--a case that has set the precedent for a massive debate on Internet regulation vs. free speech and Internet etiquette and safety policies."

 http://www.amazon.com/Google-Bomb-Verdict-Changed-Internet/dp/0757314155/ref=ntt_at_ep_dpt_1

# August 21, 2009 8:32 AM

Bob Truman said:

Thanks to everyone for the links and advice. There are a few comments which I have chosen not to make public, but I received them and want to say I appreciate all the help. I will update you as things proceed.

# August 21, 2009 8:44 AM

Luke said:

Hey Bob!

Just wondering if you can tell me how many $2M + sales there have been this year and where were they?

16 single family homes have sold for $2 million or more: Elbow Park(6), Mount Royal(5), Altadore, Elboya, Lake Bonavista Estates, Mount Pleasant, Wildwood.

To this date last year, there were 29 sales. In 2007 there were 55. - Bob

# August 21, 2009 12:54 PM
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