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#119297 - 02/28/06 02:37 PM
Who's market is cooling?
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Member
Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
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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?
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#119298 - 02/28/06 06:39 PM
Re: Who's market is cooling?
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Junior Member
Registered: 12/20/05
Posts: 2
Loc: Canada
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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?
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Member
Registered: 01/26/05
Posts: 313
Loc: Ontario Canada
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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
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#119300 - 02/28/06 07:24 PM
Re: Who's market is cooling?
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Member
Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
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Ah the queen city its especially beautiful in the Summer. I've heard that Regina and Saskatoon have been hot.
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#119301 - 03/26/06 01:14 PM
Re: Who's market is cooling?
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Member
Registered: 09/14/05
Posts: 34
Loc: Manitoba
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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?
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Member
Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
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Will we or will they be driving different routes into the resource sector. Our average price is up 22% since last Feb
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#119303 - 03/27/06 06:29 AM
Re: Who's market is cooling?
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Member
Registered: 01/09/05
Posts: 390
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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?
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Member
Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
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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. 
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#119305 - 03/27/06 11:00 AM
Re: Who's market is cooling?
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Member
Registered: 01/09/05
Posts: 390
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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.
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#119306 - 03/27/06 06:22 PM
Re: Who's market is cooling?
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Veteran Member
Registered: 10/22/05
Posts: 939
Loc: Placerville Ca
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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?
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Member
Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
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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.
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#119308 - 05/06/06 05:48 PM
Re: Who's market is cooling?
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Member
Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
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Last 3 sales have sold for 15,000 over list.
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#119309 - 05/07/06 02:37 PM
Re: Who's market is cooling?
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Member
Registered: 09/14/05
Posts: 34
Loc: Manitoba
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Still Hot during April in Winnipeg.
_________________________
Stewart
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#119310 - 05/14/06 07:07 PM
Re: Who's market is cooling?
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Member
Registered: 05/14/06
Posts: 24
Loc: toronto, ontario
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slow in toronto, too many agents
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Registered: 03/18/10
Posts: 24
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