HawthorneVillager.com

Red Arrows indicate a price drop from the original.
There always have been and always will be listings that come on too high, then drop the price by 5 or 10k if no interest after a few weeks.
There are some agents that use this as their regular pricing practice (although it should only be used in rare and specific situations), and it has nothing to do with the health of the market.
What matters much more are average DOM and how much the prices are being dropped each time, AND how that compares to recent sales offering the exact same product.

Green arrows pointing up will only appear on listings that have sold above asking, and the public doesn't have access to that info.
You will RARELY see a home on the market for 2-3 weeks then have the prices raised. That just doesn't make sense in the world of sales.
Red arrows will always appear - who wants to pay exactly list price for a home? Even if a home lists for $499,900 and sells for $499,000 even, a red arrow pointing down will appear.
Don't let the red scare you, it means nothing on it's own.

Where, Oakville?
I have my own thoughts about Oakville. Oakville has many sub-markets within itself.
Milton is a different beast - one that has had upside for the past 7-10 years for a completely different reason.

Red arrows have always and will always appear on the majority of properties.

Within the overall market, some areas will have demand upswings and some will have demand corrections. And YES, the world of HGTV spurred on quite the surge in DIY activity on older homes, I see nothing wrong with this coming back to earth.

1960s 3BR bungalo less than 1,500 sq/ft for $410,000 and you are asking why the arrow is down? Wasn't even the high priced 34' Mattamy's going for less than that?

Townhouse for $424,000?

30-50 year old bungalo in the "hottest up and coming oakville area" -- which means it's not hot yet -- $440,000?

I don't know.. since we are talking about subjective personal experience I don't know many of the younger generation who want to live in Oakville anymore. It's too far and too quiet. Now my parents generation, yes, they love Oakville... of course, they aren't looking for 30-40 year old homes, they are looking for fresh new homes that don't need to be maintained for a few years -- something you aren't going to find in that price range.

How does Vaughan look for delines? Maple? Richmond Hill? Markham?

I know in the 60s/70s a lot of people flocked to Oakville who worked in places like Ford or CN but many of those jobs are gone now. To me Oakville means retirees and the ubber rich executives with lakefront properties. Very little there for the middle class average joes. Maybe a reason they are flocking to buy new development Mattamys and not 35 year old bungalos under 1,500 sq/ft (for more money).

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here we go again, you cant provide the data because it doesnt exist. read todays star, housing still strong with increasing prices. but oakvilles in the gutter?

oakville is going up in value? your contradicting yourself.

might is your key word. your anology is primitive at best, and as usual you cant quanitify your rambling. as stated, show me where pricing is declining in oakville as you claim? your pretty good at paste and copy, show everyone the link to your claim? you seem to know where there are bidding wars and rebuilds so you should have no problem getting this info. well be waiting.....

hey dabills. you had a townhouse here in Milton. reading another post you mentioned it was worth 320k when u sold, since you do so much research, have you ever looked to see what it would sell for today? 350k? maybe 360k or even 370k?? how much have u left on the table since you went to rent? your posts dont make much sense, so im trying to see if the bitterness stems from your decision to sell because of impending "doom"??? btw, im still waiting for oakville delines....

Don't worry about Dabills because he's got everything financially figured out. He's simply trying to save some other poor sucker from making the mistake he made.

So how do those 8 homes (out of 142 active milton listings over 500k) compare with actual similar homes that have sold in the past 3-4 months?

THANK you. I don't want to take time to dig up stats on every single house that backs up the other side of the argument. We all know they exist.


THANK YOU.
You have defined it. Some people see market jumps, with no need to move their family, but get greedy and all of a sudden want to sell at astronomical prices.
When greed and payout are even, the greed pays off and it results in unhealthy growth amounts.
When greed cools and people realize their homes aren't worth artificial amounts anymore, that's a good thing. That's not a deline at all.
That is realization that growth is moderate and no longer insane. That is GOOD for the market.

Im going to price my home at $2 million, then drop it to $600,000 after 2 weeks so the star can run a story on it. During the interview, Im going to have my kid sit in a cardboard box next to me on the porch.

When that time comes, then yes there's definitely a problem.
BUT when they buy a house for 600 k, see it go up to 700 k in value, but try to sell for $799k and fail, nobody's in trouble, even IF they originally only had 5% down.
The mortgage size alone is VERY risky at that amount come renewal time, but ther almost 90 pages later and there is still no deline.
There WILL be a deline, absolutely, (natural cycles), but how much and when are the most important factors.

How can we say that? we don't know them.
Are they at higher risk? Yes.
Are they in trouble due to some other factor like job loss, injury, illness, etc? If so, that has absolutely nothing to do with the overall market health or any average deline.
Again, are they high risk? absolutely, but we don't know anything about these people.

LOL classic...

Deep down your subconscious mind is telling you to buy, no joke. This solves the 88 page riddle, you are trying very hard to prove yourself correct. I see the subliminal message loud and clear