Chiggs@mac.com
New Member
Certainly don't mean this as a doom and gloom posting but thought I'd share my experience with respect to current selling conditions...
This January, we sold our condo downtown and moved into a rental until our new unit (pre-construction) is finished. We were on MLS on a Tuesday, had 12 showings between Thursday and Saturday and had a firm offer for full ask on the Saturday.
Fast forward to September and the unit we're renting is on the market. (The owner has decided to sell and is giving us a free month for agreeing to break our 1 year lease a few months early...) It's a SW corner unit at 35 Mariner Terrace with perfect lake views. It's priced at about 460 per square foot with parking but no locker.
Anyway, today is the 14th day the unit has been on MLS and today will be only the second showing. I know the last week of August is pretty slow but I'm still surprised at just how few showings have been taking place... If this is indicative of the overall downtown market, things are certainly slowing down...
This January, we sold our condo downtown and moved into a rental until our new unit (pre-construction) is finished. We were on MLS on a Tuesday, had 12 showings between Thursday and Saturday and had a firm offer for full ask on the Saturday.
Fast forward to September and the unit we're renting is on the market. (The owner has decided to sell and is giving us a free month for agreeing to break our 1 year lease a few months early...) It's a SW corner unit at 35 Mariner Terrace with perfect lake views. It's priced at about 460 per square foot with parking but no locker.
Anyway, today is the 14th day the unit has been on MLS and today will be only the second showing. I know the last week of August is pretty slow but I'm still surprised at just how few showings have been taking place... If this is indicative of the overall downtown market, things are certainly slowing down...