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#119297 - 02/28/06 02:37 PM Who's market is cooling?
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
We're getting hotter out here. Listings are in real short supply and demand is still very strong.

The news in the states shows that numerous markets there are down and that overall consumer confidence is down.

Is your market cooling or getting hotter?
What do you think will happen in your market?
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

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#119298 - 02/28/06 06:39 PM Re: Who's market is cooling?
MissJordan Offline
Junior Member

Registered: 12/20/05
Posts: 2
Loc: Canada
The market here in Regina has been unusually active for January and February. We keep joking that the mild weather has all the buyers thinking it's already spring. I anticipate that the market this year will be as hot as it was in '05.

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#119299 - 02/28/06 06:48 PM Re: Who's market is cooling?
Canadave Offline
Member

Registered: 01/26/05
Posts: 313
Loc: Ontario Canada
It's dead in this area along the lakeshore.... (Cobourg, Port Hope)

Total sales in 2005 down 12% from 2004,

Total Sales in 2004 down 12+ % from 2003

So Far January off by almost 20% and February by about the same.

We had a terrible price jump 2 years ago and have been living through the adjustment ever since.

The bright side is it reminds you how you made it so long and gets you back to the basics while cleaning out some of the frindge players.

If you know anyone coming my way think of me.

Dave
_________________________
Watch the real estate market .. http://www.ChomzTV.com


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#119300 - 02/28/06 07:24 PM Re: Who's market is cooling?
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
Ah the queen city its especially beautiful in the Summer. I've heard that Regina and Saskatoon have been hot.
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

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#119301 - 03/26/06 01:14 PM Re: Who's market is cooling?
Stewart Offline
Member

Registered: 09/14/05
Posts: 34
Loc: Manitoba
Winnipeg, was really hot for January. Both the air and the Market.

Our economy is better than down south at the moment, but I have friends in the Trucking business and they have seen volumes dropping. That's an good indicator that the retail/industrial market is slowing, and we will surely follow.
_________________________
Stewart

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#119302 - 03/26/06 02:37 PM Re: Who's market is cooling?
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
Will we or will they be driving different routes into the resource sector. Our average price is up 22% since last Feb
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#119303 - 03/27/06 06:29 AM Re: Who's market is cooling?
altarealtor Offline
Member

Registered: 01/09/05
Posts: 390
It's too hot in Calgary today. With a previous 26% average price increase last year, heading towards another predicted 20+% this year, builders don't need show homes as their customer lists exceed land availibility.

Resale inventory is tight and prices are increasing daily. Bidding wars break out with every sale.

If your contemplating Calgary, be prepared.

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#119304 - 03/27/06 06:36 AM Re: Who's market is cooling?
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
Very similar here. One of my builder clients has raised his prices 10% every month since Oct of last year.

A fairly basic two story with 2300 is selling for $279000 with out lot.

Lets hope the U.S. slows down some more so our markets cool off a bit. ;\)
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#119305 - 03/27/06 11:00 AM Re: Who's market is cooling?
altarealtor Offline
Member

Registered: 01/09/05
Posts: 390
Certainly would be nice to see more inventory come on, particularly in resale.

I strongly suspect that we are entering a period of redistribution, not only locally, but globally. With that being said, we'll continue to be affected by our neighbours to the south, but with less severity.

Top
#119306 - 03/27/06 06:22 PM Re: Who's market is cooling?
eldoradosrealestate.com Offline
Veteran Member

Registered: 10/22/05
Posts: 939
Loc: Placerville Ca
Our prices are up up up. Held an open house on Sunday with 78 active listings within 1/2 mile. Lots of inventory in Sacramento and El Dorado County. Not at all like 2004 when listings sold within hours.
_________________________
Margaret Holland
Holland Realty
Broker

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#119307 - 04/07/06 11:07 AM Re: Who's market is cooling?
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
With the first quarter done. I have written 12 offers at list price or better that were unsuccessful. In some cases we have eventually been successful and in others we're still working on it. Meanwhile prices tick up.
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#119308 - 05/06/06 05:48 PM Re: Who's market is cooling?
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
Last 3 sales have sold for 15,000 over list.
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#119309 - 05/07/06 02:37 PM Re: Who's market is cooling?
Stewart Offline
Member

Registered: 09/14/05
Posts: 34
Loc: Manitoba
Still Hot during April in Winnipeg.
_________________________
Stewart

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#119310 - 05/14/06 07:07 PM Re: Who's market is cooling?
gtarealtor Offline
Member

Registered: 05/14/06
Posts: 24
Loc: toronto, ontario
slow in toronto, too many agents

Top
#119311 - 08/04/06 04:26 AM Re: Who's market is cooling?
tourismbrokersaustralia Offline
Member

Registered: 07/07/06
Posts: 23
Loc: austalia
Realy !! is it cooling down .. wel her ein australia itz getting hotter \:\)

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