Calgary real estate prospects

[suntan]

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Apparently both those places I posted in Riverstone have sold over asking without conditions in the last week. Now rumour is that two more families on that same street are going to list this week to take advantage of the hot market.

Seems totally crazy to move in this market if you can't remove yourself from this local market. But what do I know?

I'm going to sell high and buy high!

[Manhattan]

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Seems totally crazy to move in this market if you can't remove yourself from this local market. But what do I know?

Hot market buyers isn't limited to Ontario and foreign investors. Local folks see it as their chance to upgrade before prices spike up.

[ExtraSlow]

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Hot market buyers isn't limited to Ontario and foreign investors. Local folks see it as their chance to upgrade before prices spike up.

Prices haven't spiked?

[Tik-Tok]

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Prices haven't spiked?

Not on million+ homes.

[Cagare]

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Not on million+ homes.

There have been some asking price increases but nothing substantial, but the biggest price increases, percentage wise, are on detached on or slightly above the average home price.

[ThePenIsMightier]

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...

Seems totally crazy to move in this market if you can't remove yourself from this local market. But what do I know?

SHUT YOUR WHORE MOUTH!! It's simple economics!

[ercchry]

Perfect time to downsize into a condo

[benyl]

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Not on million+ homes.

You sure?






And that's just the areas I am watching.

[Tik-Tok]

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You sure?






And that's just the areas I am watching.

1.8% and 5.4% above asking, vs 20% above asking in other areas.

[Buster]

That only matters if you care what asking is.

[Xtrema]

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I'm going to sell high and buy high!

Works if you are cashing out and downgrade. May work for upgrade too. The craziness seems to hover around $500K-$600K range of detached homes, adding $100K+ on average.

[ExtraSlow]

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SHUT YOUR WHORE MOUTH!! It's simple economics!

Not simple enough for me.

[killramos]

$1MM is such an arbitrary number these days.

[roopi]

WTF. Ok it has legal suite but still wtf.

[ThePenIsMightier]

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Not simple enough for me.

[Tik-Tok]

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WTF. Ok it has legal suite but still wtf.

[ATTACH=CONFIG][/ATTACH]

Yeah but it's only 10 minutes to downtown.

[suntan]

Excel Homes. Ug.

[benyl]

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1.8% and 5.4% above asking, vs 20% above asking in other areas.

ok, this one just sold 10 minutes ago in aspen for 16% over list:

https://www.realtor.ca/real-estate/2...ry-aspen-woods

[suntan]

Yeah but that's Aspen, the most desired neighbourhood in all of North America, perhaps even the world.

[Type_S1]

If things were actually booming shouldn’t that Strathmore Development Scam be booming at this point? Until that is booming I refuse to believe in HAWT markets….