DailyStats.ca

Just Listed! Sunnyside $479,000

Bob Truman — Sat, 04 Jul 2009 21:42:00 GMT

Immediate possession

My associates, Kendall Curle and Veronica Palin have just listed this home in Sunnyside. It's rare to find a single family home of this size(1238 sq ft) in this community for less than $500,000:

"Enjoy the friendly, small-town ambience of Sunnyside in the heart of the inner city. The delightful restaurants, coffee shops and boutiques of Kensington are two minutes from your new home. Within a few steps of your front door, you can be on the train to downtown, or better yet, walk to work. You’ll also have quick access to the Bow River pathway where you can stroll along the river or ride your bike. Dog-lovers will enjoy the nearby off-leash area. This well-located home with upgraded kitchen and bathrooms has plenty of space for a professional couple or small family. The beautiful south back yard has mature landscaping, garden, deck, and is fenced. The newer double garage could be rented if you don't have a car. Welcome home to inner city living at its best!"

* 1238 sq ft

* 4-level split

Property information

It's all down from here?

Bob Truman — Sun, 28 Jun 2009 20:42:00 GMT

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...(read more)

Peak price for this year: Has it already happened?

Bob Truman — Mon, 15 Jun 2009 17:59:00 GMT

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)

Inventory is approaching the danger zone

Bob Truman — Fri, 05 Jun 2009 16:37:00 GMT

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)

Garth Turner says today's buyers are the greatest fools

Bob Truman — Wed, 27 May 2009 14:58:00 GMT

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)

Worldclass says 2009 - 2010 is THE time to buy

Bob Truman — Wed, 20 May 2009 14:11:00 GMT

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)

1.Homes are selling faster than you might think, and: 2. Are you aware of the "Hidden Market?"

Bob Truman — Sun, 17 May 2009 15:15:00 GMT

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)

This is a great time to sell

Bob Truman — Mon, 04 May 2009 03:02:00 GMT

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)

Balanced market returns in April

Bob Truman — Fri, 01 May 2009 14:27:00 GMT

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)

Diabolo predicted a major crash will happen in May

Bob Truman — Wed, 29 Apr 2009 21:35:00 GMT

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.

Bob Truman — Sat, 25 Apr 2009 14:47:00 GMT

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.

Bob Truman — Sat, 18 Apr 2009 14:28:00 GMT

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

Bob Truman — Wed, 15 Apr 2009 16:37:00 GMT

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

Bob Truman — Sat, 11 Apr 2009 15:42:00 GMT

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?

Bob Truman — Mon, 06 Apr 2009 16:33:00 GMT

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)