Sept/12 Sales PLUNGE to Lowest in over 15 years!!

[fishguy15]

Can you give me a specific example of a SFH that has sold lower than expectations?

Use the last sales posting in your "individual proporty sales" thread. The house sold for under asking. Therefore that specific SFH sold lower than expectation. Easy peasy.

[gse36]

307 w22nd
920 w21st
159 w23rd
448 w22nd
4354 w11th
3339 w27th
3449 w23rd

have all sold >10% less than what they would have the previous year. to name a few.

[Taipan]

Sept unit sales Greater Vancouver (does not include Fraser Valley)
1994 = 2241
1995 = 1951
1996 = 2217
1997 = 2050
1998 = 1755
1999 = 1955
2000 = 1761
2001 = 2241
2002 = 2555
2003 = 3468
2004 = 3006
2005 = 3505
2006 = 2583
2007 = 2852
2008 = 1620
2009 = 3632
2010 = 2254
2011 = 2299
2012 = 1472 ***Sept 27

A few more hours to go, looks like Sept will make a record month for the lowest sales since 1995.

Vancouver Condo Info

Lowest since 1995 and lower then 2008 and we know what happened then.

How long till the herd panics and scatters, slashing prices as they go.

It will take 2-3 years depending on external events but you will be back to 2005/2006 prices and off 50%!

You can’t expect to have the biggest property bubble in the western world and not have a reciprocal crash.

[eyesthebye]

Can you give me a specific example of a SFH that has sold lower than expectations?

Use the last sales posting in your "individual proporty sales" thread. The house sold for under asking. Therefore that specific SFH sold lower than expectation. Easy peasy.

that sale was 30% over assessed. Pretty hot sale. Not so easy peasy, is it?

[timber2012]

ETB - you're smarter than that. That's probably the worst point you've made since I've been on this forum.

[Warren12]

Anyone can make a prediction about the future

THEN WHY DO THEY SAY NOBODY CAN PREDICT THE FUTURE?

Garth Turner has been predicting this for 14 years! Ahhh, broken clocks, your time has come at last!

[Taipan]

He has only been correct since 2008 when you had a medium sized bubble. After that it got really silly so he was on really safe ground.

He may have been way off the mark prior to 2006 but after that he was massively courageous to tell it like it was, in the face of the crazy bulls and the mania

With average income levels to average home prices at 11x you can still have a 50% drop and Vancouver will still have very expensive real estate. (5.5x when world wide it is closer to 3x)

Just shows how insane you have become!

[eyesthebye]

Can you give me a specific example of a SFH that has sold lower than expectations?

Use the last sales posting in your "individual proporty sales" thread. The house sold for under asking. Therefore that specific SFH sold lower than expectation. Easy peasy.

so in your world the following sale is proof that the market is smoking hot? sold much higher than expectation. In fishguy world the asking price is never a manipulated tool the seller/realtor uses to extract more money for their listing -
stunning naivity

3315 10TH AVE W
MLS® V971796
asking $988,000
SOLD $1,080,000

[jesse1]

asking $988,000
SOLD $1,080,000

PROOF POSITIVE OWNERS NEED TO LOWER THEIR asking PRICES

[HAM]

Can you give me a specific example of a SFH that has sold lower than expectations?

Use the last sales posting in your "individual proporty sales" thread. The house sold for under asking. Therefore that specific SFH sold lower than expectation. Easy peasy.

so in your world the following sale is proof that the market is smoking hot? sold much higher than expectation. In fishguy world the asking price is never a manipulated tool the seller/realtor uses to extract more money for their listing -
stunning naivity

3315 10TH AVE W
MLS® V971796
asking $988,000
SOLD $1,080,000

Timing is everything. C'mon ETB, we all know what this home was selling for at the beginning of the year. Can we say mmmm, 1.4-1.5 mil? I think so. West side homes are getting closer to 1 mil now. Now stop embarrassing yourself!

[gse36]

Can you give me a specific example of a SFH that has sold lower than expectations?

Use the last sales posting in your "individual proporty sales" thread. The house sold for under asking. Therefore that specific SFH sold lower than expectation. Easy peasy.

so in your world the following sale is proof that the market is smoking hot? sold much higher than expectation. In fishguy world the asking price is never a manipulated tool the seller/realtor uses to extract more money for their listing -
stunning naivity

3315 10TH AVE W
MLS® V971796
asking $988,000
SOLD $1,080,000

That house sold for $957k or so in 2008.

[fishguy15]

Can you give me a specific example of a SFH that has sold lower than expectations?

Use the last sales posting in your "individual proporty sales" thread. The house sold for under asking. Therefore that specific SFH sold lower than expectation. Easy peasy.

that sale was 30% over assessed. Pretty hot sale. Not so easy peasy, is it?

Re-read your question. I answered it. There was no inference whatsoever as to the temperature of the market. You simply asked for a sale that was lower than expectation and I gave you one...one that you posted yourself. You need to chill a bit. Sounds like your getting a little anxious.

[eyesthebye]

"HAM"

3315 10TH AVE W
MLS® V971796
asking $988,000
SOLD $1,080,000

Timing is everything. C'mon ETB, we all know what this home was selling for at the beginning of the year. Can we say mmmm, 1.4-1.5 mil? I think so. West side homes are getting closer to 1 mil now. Now stop embarrassing yourself!

at NO point would this house have ever sold for 1.4million. 10th ave is nearly as busy as Broadway.

[HAM]

"HAM"

3315 10TH AVE W
MLS® V971796
asking $988,000
SOLD $1,080,000

Timing is everything. C'mon ETB, we all know what this home was selling for at the beginning of the year. Can we say mmmm, 1.4-1.5 mil? I think so. West side homes are getting closer to 1 mil now. Now stop embarrassing yourself!

at NO point would this house have ever sold for 1.4million. 10th ave is nearly as busy as Broadway.

Almost busy like broadway??? No way!! 3300 hundred block of w 10 ave is a 2 lane semi busy street lined with larger trees. You can't compare to Broadway which has 4 lanes and traffic lights. You don't know our own city!!!

[eyesthebye]

"HAM"

Almost busy like broadway??? No way!! 3300 hundred block of w 10 ave is a 2 lane semi busy street lined with larger trees. You can't compare to Broadway which has 4 lanes and traffic lights. You don't know our own city!!!

I've lived in that neighbourhood for 12 years. Still drive there 3x/week.
Where do you live...Surrey?