Real Estate Talks

Prime Killarney home on an extra deep 33 by 159.44 corner lot. 1.5 baths and a single garage .Plenty of potential here. # bedrooms up and two down. Listed By: COLDWELL BANKER WESTBURN RLTY.

3443 east 47th ave
2152sqft detached built
33x159 RS-1 lot
Asking $1,508,800
sold $1,650,000 on 18-sept after 6 days

Prime Killarney home on an extra deep 33 by 159.44 corner lot. 1.5 baths and a single garage .Plenty of potential here. # bedrooms up and two down. Listed By: COLDWELL BANKER WESTBURN RLTY.

What frustrates me the most is that the media and real estate pundits keep telling people the market is crashing, or that the prices will drop 50%.  These poor people sit on the sidelines believing everything and get priced out of the market. 
The market has slowed during the summer sure, but in demand properties are priced about the same or ticked up a bit.  And there is a demand for those properties.  Good luck to all those out there looking

What frustrates me the most is that the media and real estate pundits keep telling people the market is crashing, or that the prices will drop 50%.  These poor people sit on the sidelines believing everything and get priced out of the market. 
The market has slowed during the summer sure, but in demand properties are priced about the same or ticked up a bit.  And there is a demand for those properties.  Good luck to all those out there looking

3443 east 47th ave
2152sqft detached built
33x159 RS-1 lot
Asking $1,508,800
sold $1,650,000 on 18-sept after 6 days

Prime Killarney home on an extra deep 33 by 159.44 corner lot. 1.5 baths and a single garage .Plenty of potential here. # bedrooms up and two down. Listed By: COLDWELL BANKER WESTBURN RLTY.

What frustrates me the most is that the media and real estate pundits keep telling people the market is crashing, or that the prices will drop 50%.  These poor people sit on the sidelines believing everything and get priced out of the market. 
The market has slowed during the summer sure, but in demand properties are priced about the same or ticked up a bit.  And there is a demand for those properties.  Good luck to all those out there looking

What frustrates me the most is that the media and real estate pundits keep telling people the market is crashing, or that the prices will drop 50%.  These poor people sit on the sidelines believing everything and get priced out of the market. 
The market has slowed during the summer sure, but in demand properties are priced about the same or ticked up a bit.  And there is a demand for those properties.  Good luck to all those out there looking

Thank you, Harahomes.  I totally agree with you and understand your frustration.  I was like that for many years and felt bad when I saw friends and relatives getting price out.  I often blamed myself for not trying harder to convince them to buy.  I eventually got over it and no longer care.  They are all adults who are responsible for their own lives.  It's easy to tell someone to "buy" or "sell" or "wait" or whatever, but everyone's situation is different and we don't know the whole picture.  If they don't do their research or think about their own finances and choose to blindly follow someone's advice instead (i.e. Garth Turner's blog), then it really is their own fault for their misery.  People can say a lot of things or give advice without much accountability.  Some people are bored, some people have their own agenda, some people are evil, etc. so we can't always believe everything we hear.  The people who are priced out and could have bought have nobody to blame but themselves.

I recently read this and enjoyed it, although it's purely based on opinion:
https://beta.theglobeandmail.com/report ... e36421582/

Sorry to go off topic.  Let's see more individual property sales!

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I'm seeing some positive signs from the market.
No panic buying or selling.
No wild swings in prices.
Houses are sitting on the market more than 7 days..
No bidding wars with sell prices $150,000 to $500,000 above list prices.
Open houses are less busy the frat parties.
Could it be that our market is becoming...normal?

The housing market is only SFH?

Condos up 20-25% YoY...

I remember you saying condos were worthless ETB?

People willing to pay more for a generic box in the sky than a SFH!

What gives??