tag:blogger.com,1999:blog-7123542260692860177.post5128644629876935722..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: The stubborn sellerHouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger160125tag:blogger.com,1999:blog-7123542260692860177.post-10126819304298149442012-09-24T08:35:14.510-07:002012-09-24T08:35:14.510-07:00That median is really sticking tough. At these lo...That median is really sticking tough. At these low volumes in this market (very large spread) the average becomes somewhat meaningless.a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-82486547919473070442012-09-24T08:20:34.158-07:002012-09-24T08:20:34.158-07:00SFH MTD Average = 618k
SFH MTD Median = 531k
Cond...SFH MTD Average = 618k<br />SFH MTD Median = 531k<br /><br />Condo MTD Average = 331<br /><br />The SFH MTD Median is subject to quite a bit of variability right now, it could easily swing to 520k with two sales under 515k or up to 538k with two sales above 550k.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-10504981039390458562012-09-24T08:16:15.427-07:002012-09-24T08:16:15.427-07:00Monday, September 24, 2012 8:00am
MTD September
...Monday, September 24, 2012 8:00am<br /><br />MTD September<br />2012 2011<br />Net Unconditional Sales: 321 458<br />New Listings: 939 1,303<br />Active Listings: 4,768 4,940<br /><br />Please Note<br />Left Column: stats so far this month<br />Right Column: stats for the entire month from last yearMarkohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-6220982016550365242012-09-24T08:12:16.460-07:002012-09-24T08:12:16.460-07:00Also, I think asking prices are now dropping sligh...Also, I think asking prices are now dropping slightly in Oak Bay on some properties. Loads of listings have not dropped, but these places are staying on the market longer.Anonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-29068751413492215292012-09-24T07:01:52.463-07:002012-09-24T07:01:52.463-07:00I've made offers without financing in place. T...I've made offers without financing in place. There are a few reasons for this:<br /><br />1. pre-approval only lasts for a certain amount of time and I tend to look for a long time to try to find the right property<br />2. approval turnaround time is quick and I don't want to engage in the process unless I am sure that my conditional offer has been accepted<br />3. when you have an accepted conditional offer you may have better response from competing mortgage brokers re. ratesAnonymoushttps://www.blogger.com/profile/08188115284116016130noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-89850555324249335992012-09-23T21:45:29.657-07:002012-09-23T21:45:29.657-07:00I still don't understand why people make offer...I still don't understand why people make offers without financing in place. Are people just assuming that the bank will lend them whatever they ask for?koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-3233863180326012902012-09-23T21:02:03.252-07:002012-09-23T21:02:03.252-07:00I like your idea of sold for 99% of asking to make...I like your idea of sold for 99% of asking to make the stats look good. Simonhttps://www.blogger.com/profile/10789056569501683737noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-67104652680274944902012-09-23T20:54:47.670-07:002012-09-23T20:54:47.670-07:00Leo, likely it is not what you think because there...Leo, likely it is not what you think because there is a lot of improvement to do and they struck a deal before the open house.Simonhttps://www.blogger.com/profile/10789056569501683737noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-60009554818840226522012-09-23T20:51:08.329-07:002012-09-23T20:51:08.329-07:00Just saying when it sells for something close to t...Just saying when it sells for something close to the current asking price, it will look good as far as stats for the realtor (Sold for 99% of ask!). <br /><br />Selling for 75% of ask doesn't look so good.<br /><br />I don't really believe that's the reason, but the theory has been floated before.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-74804738902228365322012-09-23T20:42:55.205-07:002012-09-23T20:42:55.205-07:00What do you mean, Leo, by saying making it look be...What do you mean, Leo, by saying making it look better? I have been in the house and there is a lot of improvemnt to be done including windows, kitchen and bathroom. The craw space is not paved. Will there be buyers jumping into the deal for a bidding war in the extreme situation because so many potnetial buys went inside the house in the last two days of open house. Simonhttps://www.blogger.com/profile/10789056569501683737noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-61664991297652795742012-09-23T20:33:36.596-07:002012-09-23T20:33:36.596-07:00Devil's advocate says they only dropped it to ...Devil's advocate says they only dropped it to make the sale/ask look better.Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-85137618215003676262012-09-23T20:31:54.914-07:002012-09-23T20:31:54.914-07:00I thing there is no doubt that the deal will go th...I thing there is no doubt that the deal will go through because of the low asking price. Bidding war?Any one interested in buying it for higher than asking price for that house?Simonhttps://www.blogger.com/profile/10789056569501683737noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-50791719544714041412012-09-23T19:37:09.367-07:002012-09-23T19:37:09.367-07:00The agent at the open didn't seem very confide...The agent at the open didn't seem very confident in the conditional offer on that tudor. I realize it's her best interest to get backup offers but a couple things she said believed it would fall through…in case any one wants to buy a rockland mansion for under a mill :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-31530958705112828202012-09-23T19:33:41.491-07:002012-09-23T19:33:41.491-07:00and what was that offer?and what was that offer?a simple manhttps://www.blogger.com/profile/13054677016369304449noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-80360525791001861882012-09-23T19:08:18.387-07:002012-09-23T19:08:18.387-07:00There is an accepted offer on it.There is an accepted offer on it.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-75152607908246166232012-09-23T17:47:36.490-07:002012-09-23T17:47:36.490-07:00I guess they're hoping for a bidding war. Won...I guess they're hoping for a bidding war. Wonder how big the market is for somewhat outdated tudor mini-mansions?Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-70136275273715524042012-09-23T17:37:22.597-07:002012-09-23T17:37:22.597-07:00No does not apply to open houses.No does not apply to open houses.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-29616319914419493542012-09-23T17:23:54.812-07:002012-09-23T17:23:54.812-07:00There is an unwritten rule that the buyers' ag...<i>There is an unwritten rule that the buyers' agent always has to show the property.</i><br /><br />Well it obviously does not apply to open houses.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-73400888391689183102012-09-23T16:26:56.065-07:002012-09-23T16:26:56.065-07:00Noticing some larger price reductions.
This one j...Noticing some larger price reductions. <br /><a href="http://www.realtor.ca/propertyDetails.aspx?propertyId=12173909&PidKey=1405534809" rel="nofollow">This one just reduced $300,000 or 25%.</a> <br /><br />Maybe the evening news predictions of 40% drops are jolting some sellers back to reality.SJhttps://www.blogger.com/profile/11421821610882545660noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-89205689208302810612012-09-23T11:59:38.934-07:002012-09-23T11:59:38.934-07:00I have no idea why realtors have people sign in ot...I have no idea why realtors have people sign in other than maybe what Anton just mentioned.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-88567317507004128142012-09-23T11:37:08.423-07:002012-09-23T11:37:08.423-07:00I know of a situation where there was a sign-in sh...I know of a situation where there was a sign-in sheet at an open house for a waterfront property. The person I know signed it and walked though the house. Six months later the same property was for sale by owner at a reduced price. She bought the house from the owner without a Realtor. The previous listing Realtor matched her with a name on the sign-in sheet and sued the seller. I don't know what the outcome was but it is food for thought.Antonhttps://www.blogger.com/profile/15517790675640858213noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-30222846379299259332012-09-23T10:48:09.012-07:002012-09-23T10:48:09.012-07:00Gotcha. Will keep this in mind.
That neighborhoo...Gotcha. Will keep this in mind.<br /><br />That neighborhood has a few listings at $499k at the moment which is better value than I've seen there for a while. Convenient neighborhood and they won't have any trouble renting the place. Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-6726893132306206472012-09-23T10:46:20.614-07:002012-09-23T10:46:20.614-07:00I have a question.
What do you think about realto...I have a question.<br /><br />What do you think about realtors asking people who attend an open house to write down their names on a piece of paper at the front door of an open house?<br /><br />I'd never come across this before but have recently and was just wondering what the general feel is out there about this practice.<br /><br />Thanks<br /><br />S2 (JJ's wife)Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-59330125314702379152012-09-23T08:32:54.155-07:002012-09-23T08:32:54.155-07:00There is an unwritten rule that the buyers' ag...There is an unwritten rule that the buyers' agent always has to show the property. I once had clients that called the listing agents despite me having several conversations with them about not doing it and it caused me a lot of problems with other agents. My clients had the rationale that they would gather more information from the listing agent regarding the home. While true, just not how things work.<br /><br />I don't really care if people call me to view and then use their own agent as my listing contracts have a double-end discount clause so really the seller loses out more than I do. A lot of the times it is easier they have their own realtor anyway.<br /><br />PS. 15 groups came by Howroyd, I ran out of feature sheets, only printed 12. No bites yet. I have another 10 days and then it is back in the rental pool. I think a lot of people are going to give up come October/November.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-7888974782833941832012-09-22T21:14:19.045-07:002012-09-22T21:14:19.045-07:00Have you specifically noted cash back realtor :)
...<i>Have you specifically noted cash back realtor :)</i><br /><br />Nope. <br /><br />Honestly though, it never occurred to me that a realtor would seriously get mad about spending an extra hour to do the occasional showing, let alone consider compromising their professional ethics over it. <br /><br />Anyway, for the most part we take advantage of open houses (hi today at Howroyd). Duly noted, I'll get our realtor to show us if any of your listings come up :)Leo Shttps://www.blogger.com/profile/02951281972056927807noreply@blogger.com