tag:blogger.com,1999:blog-7123542260692860177.post3978073416420466951..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Who is Buying these New High-End Condos?HouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-7123542260692860177.post-9069910747585397402018-04-13T05:22:55.167-07:002018-04-13T05:22:55.167-07:00ThanksThanksWillishttps://www.blogger.com/profile/05564961257494071263noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-53329258550932738512007-03-21T12:36:00.000-07:002007-03-21T12:36:00.000-07:00Finally, Roger, Finally. Halleluyah their picking ...Finally, Roger, Finally. Halleluyah their picking up the story...HouseHuntVictoriahttps://www.blogger.com/profile/07456914359088891317noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-47184989143949645662007-03-21T12:27:00.000-07:002007-03-21T12:27:00.000-07:00News report from today's TC newspaper business sec...News report from today's TC newspaper business section:<BR/><BR/><I>Today is the grand opening of the <B>VREB Barber Shop</B> in Victoria BC. Will Shaveit, owner and hairstylist, welcomes all home sellers in the region to his new enterprise. A few customers arrived on opening day and were given a light trim haircut. Customers do not need an appointment but business is expected to pickup shortly. <BR/><BR/>Will gave the following statement to the press: "We saw an excellent opportunity in the Victoria region and look forward to serving many of you in the near future. Several new barbers will be joining us over the next few months and a brushcut specialist will be joining us later this summer." </I><BR/><BR/>On behalf of all lowballers, I wish Will continued success in his new endeavour.<BR/><BR/>RogerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-54253577678867736372007-03-21T11:27:00.000-07:002007-03-21T11:27:00.000-07:00There is one house I have been watching (not scien...There is one house I have been watching (not scientific at all I know) for a while. It had a price drop of $10,000 after being listed for one month. It has now been pulled. I wonder if they didn't want to do another price drop or are going to go with another realtor or are will list again when it is more into the spring market. This is someone who has to sell by the way as they are moving so it will be going back up eventually. I will watch to see what the new list price will be. I wonder if they will go back to the original list price?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-73938611979798178902007-03-21T09:05:00.000-07:002007-03-21T09:05:00.000-07:00Did you all see this one ? A sure sign we are at t...Did you all see this one ? A sure sign we are at the top as they keep the pump alive no matter what it takes.<BR/><BR/><BR/>http://www.canada.com/vancouversun/news/story.html?id=81641424-91be-421d-ad43-0e438a88adb5&k=24036Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-23659921551756798542007-03-21T09:00:00.000-07:002007-03-21T09:00:00.000-07:00Lots of condos have come on the market in this pri...<I>Lots of condos have come on the market in this price range during the last two weeks.</I><BR/><BR/>Sorry, my criteria got spread over two posts:<BR/><BR/>$250-550k, >=900sq ft. Downtown, Fernwood, Rocklands, Central Park, Vic West.<BR/><BR/>There is one new property on Piercy's site today that matches this. Nothing yesterday that I noticed. Maybe things <I>are</I> being snapped up pre-MLS, but that goes against my experience of the last two months of looking pretty hard for properties in this criteria. Days-on-market was usually greater than 30. Those were the traditionally slow months, though. CheersJMKhttps://www.blogger.com/profile/14740454447994074321noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-8564538166814323142007-03-21T08:53:00.000-07:002007-03-21T08:53:00.000-07:00"and they say we don't have any sub-prime issues i..."and they say we don't have any sub-prime issues in canada, eh?"<BR/><BR/><BR/>yep,it was a sub primer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-88464452075996374332007-03-21T08:48:00.001-07:002007-03-21T08:48:00.001-07:00jmk saidThat being said, most things we were inter...<B>jmk said</B><BR/><BR/><I>That being said, most things we were interetsed in have recently sold, and nothing new seems to have come on lately.</I><BR/><BR/>Lots of condos have come on the market in this price range during the last two weeks. If you watch this site: scottpiercy.ca/hotsheet.html you will see more every day.<BR/><BR/>I also subscribe to an update service and I have had price reductions on all kinds of properties, including condos in this range, over the last week. Most drops are 10K but I had one in Oak Bay drop from 539K to 489K after 15 days on the market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-8350371559395378182007-03-21T08:48:00.000-07:002007-03-21T08:48:00.000-07:00and they say we don't have any sub-prime issues in...and they say we don't have any sub-prime issues in canada, eh?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-88434048919816774872007-03-21T07:54:00.000-07:002007-03-21T07:54:00.000-07:00Just learned of yet another young couple buying,so...Just learned of yet another young couple buying,sounds like a 25% down with the help of the parents,the problem is they make a combined income average of $13 an hour. Talk about how desperate they are to lend out cash.<BR/> With all the taxes and strata fee they are now paying double their rent.Another one bites the dust.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-99637901902883882007-03-20T20:25:00.000-07:002007-03-20T20:25:00.000-07:00We were looking for a condo, 2-bed, 250-550k, lean...We were looking for a condo, 2-bed, 250-550k, leaning towards the mid to high end. Nothing we were looking at sold quickly, and we were pretty leisurely about it. That being said, most things we were interetsed in <I>have</I> recently sold, and nothing new seems to have come on lately. We've already bought, so we aren't actively looking, but I've gotten in the habit of watching the MLS.JMKhttps://www.blogger.com/profile/14740454447994074321noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-30059318369140984332007-03-20T20:21:00.000-07:002007-03-20T20:21:00.000-07:00That hunch hit me in the gut a couple of weeks ago...That hunch hit me in the gut a couple of weeks ago like a ton of bricks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-91814893614595234972007-03-20T19:41:00.000-07:002007-03-20T19:41:00.000-07:00"We get phone calls for properties that never make..."We get phone calls for properties that never make MLS because they sell day-of-list. That hasn't happened in the last few weeks though. "<BR/><BR/><BR/>Got this hunch we are on the verge of a shift in the tides.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-8797098280597021132007-03-20T18:56:00.000-07:002007-03-20T18:56:00.000-07:00jmk,We get email updates throughout the day whenev...jmk,<BR/><BR/>We get email updates throughout the day whenever there are any price changes or new listings. We only see the properties that fit our criteria, so if the units under 900SF are 1-beds we wouldn't see them.<BR/><BR/>The link to the hotlist: http://scottpiercy.ca/hotsheet.html<BR/>will have almost-instantaneous listings... try there. <BR/><BR/>Our realtor, part of one of the bigger Victoria firms has an internal MLS system. We get phone calls for properties that never make MLS because they sell day-of-list. That hasn't happened in the last few weeks though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-80589286982255320852007-03-20T17:15:00.000-07:002007-03-20T17:15:00.000-07:00MLS is slowest way to get listings. Its usually a ...<I>MLS is slowest way to get listings. Its usually a week behind and many properties that sell in days don't show up on it.</I><BR/><BR/>Hmmm, that would be a bummer. I was getting notices from my realtor as well, and MLS only seemed a day behind. Do you know how many downtown condos have been listed >900 sq ft in the last 2 days? Where do you get your listings from?JMKhttps://www.blogger.com/profile/14740454447994074321noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-53871702479482254282007-03-20T17:09:00.000-07:002007-03-20T17:09:00.000-07:00Just heard about a friend of a friend whose parent...Just heard about a friend of a friend whose parents just bought them a condo,must be nice,the insanity continues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-20615741878619309052007-03-20T09:23:00.000-07:002007-03-20T09:23:00.000-07:00roger, Got them from your link to scott piercy hot...roger,<BR/><BR/> Got them from your link to scott piercy hot list that you posted the other day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-64068047460593613322007-03-20T08:47:00.000-07:002007-03-20T08:47:00.000-07:00vicguy saidJust counted 14 new houses listed since...<B>vicguy said</B><BR/><I>Just counted 14 new houses listed since late afternoon and almost the same amount since this morning making it about 30 listings. Any of you know if these are normal numbers for one day or a Monday for that matter ? </I><BR/><BR/>Where are you geeting these updates? Do you have a URL to share?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-39836157874782317252007-03-20T08:17:00.000-07:002007-03-20T08:17:00.000-07:00Another 13 this morning.Another 13 this morning.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-81226616793235426592007-03-20T07:58:00.000-07:002007-03-20T07:58:00.000-07:00MLS is slowest way to get listings. Its usually a ...MLS is slowest way to get listings. Its usually a week behind and many properties that sell in days don't show up on it.<BR/><BR/>I have noticed its very slow on the listings that we've been getting over the weekend and to today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-3191287255842907482007-03-19T22:05:00.000-07:002007-03-19T22:05:00.000-07:00Just counted 14 new houses listed since late after...<I>Just counted 14 new houses listed since late afternoon and almost the same amount since this morning making it about 30 listings. </I><BR/><BR/>Sounds like a lot to me. There have been <I>no</I> new condo listings 250,000 or greater in the last four days in Vic/Fernwood/Vic West, unless the MLS is broken.JMKhttps://www.blogger.com/profile/14740454447994074321noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-81580774345540707292007-03-19T19:38:00.000-07:002007-03-19T19:38:00.000-07:00Just counted 14 new houses listed since late after...Just counted 14 new houses listed since late afternoon and almost the same amount since this morning making it about 30 listings. Any of you know if these are normal numbers for one day or a Monday for that matter ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-49686526221216848662007-03-19T18:28:00.000-07:002007-03-19T18:28:00.000-07:00"In-town TO is much closer to in-town Vancouver or...<I>"In-town TO is much closer to in-town Vancouver or Victoria I believe."</I><BR/><BR/>Ya your right.... I did a quick check on North York (TO Central) and they are as high or higher. We have relatives that live there and it's quite a nice area.<BR/><BR/>I did note that some of those TO houses look to be in better shape than our 1920's Vic homes that haven't seen a reno since being built!<BR/><BR/>After recently moving back to BC from Ontario my home equity is currently liquid and won't become a new residence until this madness ends. I love renting - it's so much cheaper than being a home owner at this point!!Aaronhttps://www.blogger.com/profile/03507072299723016016noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-33989850191118438832007-03-19T17:16:00.000-07:002007-03-19T17:16:00.000-07:00Just wanted to say great blog, great topic. Just m...Just wanted to say great blog, great topic. Just moved back to Canada and was wondering these same things. You've gotta think at some point we'll run out of buyers for these properties, at these prices, whoever they are. It just doesn't make a lot of economic sense right now.bauhaushttps://www.blogger.com/profile/10281771789256678295noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-38356191426932529392007-03-19T17:00:00.000-07:002007-03-19T17:00:00.000-07:00Talus,"You know I really question the theory of th...Talus,<BR/><BR/>"You know I really question the theory of the rich Toronto buyers selling their homes and moving west when I see this graph..."<BR/><BR/>I agree. I provide anecdotal evidence at best, the result of one conversation with in-laws. The area of TO they are familiar with is Toronto proper, not GTA, which I'm guessing is the basis for 'Toronto' in the graph. <BR/><BR/>In-town TO is much closer to in-town Vancouver or Victoria I believe.Anonymousnoreply@blogger.com