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Holy Smokes! Houses are flying off the market after 1 day.
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Author:  rrknight [ Thu May 08, 2014 8:00 pm ]
Post subject:  Holy Smokes! Houses are flying off the market after 1 day.
Man, is it me or is this a big seller's market? 4 houses on my street sold within days with multiple offers and over asking. Then another one showed up for sale and sold again in 1 day with multiple offers. Now my wife is bugging me to put ours on the market and get another new build from Mattamy again. This is crazy! What is going on?
Author:  Norts999 [ Thu May 08, 2014 8:35 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
Got to buy now to be in before school starts in Sept.
Author:  Kyle and Jay [ Thu May 08, 2014 8:42 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
If you need help selling, give us a call. We'd be happy to come in and do a free market evaluation.
Author:  justagirl [ Thu May 08, 2014 9:22 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
Shouldn't this be in the Deline thread?
Author:  rrknight [ Thu May 08, 2014 9:29 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
Kyle and Jay wrote:
If you need help selling, give us a call. We'd be happy to come in and do a free market evaluation.


Everyone and their uncle are knocking on my door asking me to sell. :mrgreen:

Thanks for the offer. :wink:
Author:  ogq2 [ Thu May 08, 2014 9:35 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
Hope the trend continues.... will be putting my 3 storey townhome on the market very soon.
Author:  kitty [ Thu May 08, 2014 9:37 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
A house on Gooch Cresent (Mattamy Vista) just up for sale.....$1,150,000...wow
Author:  rrknight [ Thu May 08, 2014 10:09 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
kitty wrote:
A house on Gooch Cresent (Mattamy Vista) just up for sale.....$1,150,000...wow


Damn! I bet it's a 50' lot. With this rate, my 43' lot will kit the 1 million mark in the next 5 years.
Author:  milton411 [ Thu May 08, 2014 10:54 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
Wow!

I remember that lot on Gooch Crescent. We ALMOST bought that lot - we went into the Mattamy offices one day, and low and behold, a large lot was available (they didn't release during one of there big releases, but just because we were dropping in everyday we noticed it was up for sale). I believe they were asking 570k for the house back then (this is 5-6 years ago?) and we didn't do it :) We went home, sat on it, went back, went back home, and didn't pull the trigger. In retrospect - we should have. They are definitely making a tidy profit (even after probably putting 200k into it)

Andrew.
Author:  johentie [ Fri May 09, 2014 7:26 am ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
i've seen a house on the market for what seems like 5 months... near my place..
it's a mattamy home, close to both elementary and high school.. quiet street (no traffic at all)

maybe the price is too high... it;s more then i paid for my house and mine is on a premium lot with higher ceilings and bigger backyard..
Author:  AlphaMale [ Fri May 09, 2014 7:46 am ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
Where are most of these people moving to? Are they staying in Milton and cycling (i.e. buy a new build, hope for capital gains)? A lot of people I know who are moving are moving away from Milton.
Author:  martin prince [ Fri May 09, 2014 8:35 am ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
kitty wrote:
A house on Gooch Cresent (Mattamy Vista) just up for sale.....$1,150,000...wow


There's a street in Milton called Gooch? As in "The Gooch" from Diff'rent Strokes!? That's the most awesome thing I've ever heard.
Author:  shawnrk1 [ Fri May 09, 2014 10:51 am ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
AlphaMale wrote:
Where are most of these people moving to? Are they staying in Milton and cycling (i.e. buy a new build, hope for capital gains)? A lot of people I know who are moving are moving away from Milton.


Most of the ones I saw were upgrading to larger houses (some in Milton some leave)

It really is tempting when your house doubles in value; sell it pay off mortgage and live easy
Author:  Norts999 [ Fri May 09, 2014 11:28 am ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
shawnrk1 wrote:
AlphaMale wrote:
It really is tempting when your house doubles in value; sell it pay off mortgage and live easy

renting is living easy?
every other house for you to buy also doubled in value over the same period.

Edit: your net worth may have doubled, but your Real Estate purchasing power is the same.
Author:  rrknight [ Fri May 09, 2014 12:07 pm ]
Post subject:  Re: Holy Smokes! Houses are flying off the market after 1 d
Norts999 wrote:
shawnrk1 wrote:
AlphaMale wrote:
It really is tempting when your house doubles in value; sell it pay off mortgage and live easy

renting is living easy?
every other house for you to buy also doubled in value over the same period.

Edit: your net worth may have doubled, but your Real Estate purchasing power is the same.



That's exactly what I'm trying to tell my wife. The only way you can gain from the equity is to down size. If you buy big, your price is big too. Unless you move out to Stratford or somewhere in Boonieville. Which is pointless to sell.
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