Whenever I meet someone and they find out I am a realtor, inevitably the conversation comes around to how “bad” is the market. My response is that “it is all in your perspective”. The market is actually pretty incredible right now. Market rates continue to be low and if you are in the market to buy, this is a great time!Here are some current statistics on the market for the Greater Columbia Area for the last quarter of 2007:
* Average List Price: $211,981
* Average Sold Price: $176,001
* Average Days On Market: 89
As of February 15th, 2008, there were approximately 4,695 single family homes active on the market in the Greater Columbia Area.
Each neighborhood is unique so your specific area will have different statistics. Please e-mail me for a detailed market evaluation for your home.
You are right – there are always two sides of business and you could make profit anytime, you just have to be on the right side of market. Cheap houses are good for buyers, on the other hand, impact of falling prizes have been very hard and disturbed whole society in US, so it’s not VERY good even for buyers. Just good. Anyway, I think it’s not my business here in neighbourhoods in Toronto, because our market is quite steady (so far)…