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Home Were Selling Way Above The List Price, But Lately The Reverse Is Happening

This Post Has 11 Comments
  1. From the first 14:30 video:

    Are New Builders CUTTING CORNERS With New Construction In This This Housing Market?
    Kaori Luxury Real Estate
    Feb 5, 2023
    In this video, we’re asking the question: are new builders cutting corners with new construction in this current housing market?

    If you’re looking to buy a home in this current market, be sure to ask your builder about their construction methods. If you’re concerned about the quality of the construction, be sure to speak to a certified construction consultant to get more information.

    The second 10 minute video:

    Opportunities in the Denver Real Estate Market: Tips for Buyer and Sellers
    Sam Wilson
    Feb 5, 2023 DENVER
    Get the facts about opportunities in the Denver Housing Market in this month’s real estate report from Realtor Sam Wilson.

    The third 5 minute video:

    Windsor Essex County Real Estate Market Update-January 2023 Recap
    Kris Ramotar – Windsor Realtor
    Feb 5, 2023 #535
    Windsor Essex County Real Estate Market Update-January 2023 Recap

    Windsor Ontario and Essex County Real Estate Agent Kris Ramotar recap the sales data as compared with last week/month. The Windsor Ontario and Essex County Real Estate Market have seen home prices appreciate quite dramatically, recently our market have shifted as of May 2022. Previously homes in the Windsor Ontario, Essex County and surrounding area were selling way above their list price and often are receiving multiple offers, but lately the reverse is happening. Homes are taking longer to sell, some offers are being accepted with home inspection/mortgage financing and house to sell conditions. If you are looking for a local real estate agent in Windsor Ontario, Essex County and surrounding areas, contact me today! I’m all about bringing families together, supporting our local residents and our community.

    UP 9% = 49 homes
    January 2023- 598 homes listed
    January 2022-549 homes listed

    DOWN -47% = -214 homes
    January 2023 244 homes sold
    January 2022 458 homes sold

    Average Sale Price
    DOWN 20% = $129000
    January 2023 – $516000
    January 2022 – $645000

    Median Sale Price
    Down 21.5 % = $130000
    January 2023 – $474500
    January 2022 – $605000

    The fourth 2:24 video:

    February 2023 Ottawa Realty Market Report
    David Warnes
    Feb 5, 2023 OTTAWA
    If you are a first-time or seasoned home buyer or seller, Ottawa REALTOR®, David Warnes, has you covered. He knows the Ottawa, Ontario market and he has access to all of the latest technology and listings. He can provide you with expert advice on all of your important real estate matters. Check out all of the latest details in David’s February 2023 Ottawa Realty Market Report.

    The fifth 7:37 video:

    Oakville Detached Home Prices Drop $700,000 in 1 year. January Market Update.
    Honest real estate talk
    Vic Singh
    Feb 6, 2023
    Oakville real estate update for January 2023. Detached homes in Oakville dropped $700,000 in 1 year. See the prices for townhouses and condos in Oakville as well. A 4 year comparison of each January. Before you buy or sell in Oakville do a lot of research.

  2. Two more Sam Fayad companies caught up in the $280m Dyldam collapse placed in liquidation
    The Australian|4 hours ago
    Two companies run by former high-profile property developer Sam Fayad, whose company Dyldam Developments failed last year with debts of more than $280m, have been placed in liquidation following action by the Australian Taxation Office.

    Deals fall through for sale of bankrupt owner’s office towers near South Texas Medical Center
    Houston Chronicle|15 hours ago
    The sales of twin office towers near the South Texas Medical Center have fallen through after the prospective buyers failed to make deposits by a deadline imposed by a San Antonio bankruptcy court. The bankrupt owner of Highpoint Towers at 8401 and 8415 Datapoint Drive had agreed to sell the 10-story buildings for a combined $61 million under a reorganization plan filed in November.

    Disney World’s struggling $5,000 Star Wars hotel slashes prices, cancels summer dates
    Los Angeles Daily News on|4 hours ago
    The initial buzz that helped fill Disney coffers with galactic credits has turned into a concerning quiet in the halls of the Halcyon — the Star Wars starship at the center of an immersive

    1. Disney World’s struggling $5,000 Star Wars hotel slashes prices, cancels summer dates

      I don’t know what they were thinking. It’s not as if an ordinary vacation there isn’t already expensive enough. Now they are stuck with a white elephant (The Galactic Cruiser hotel) that just doesn’t pencil out as it’s very labor intensive. But this does seem to be Disney’s current theme park strategy, to target the upper middle class.

  3. California Governor Gavin Newsom called for federal energy regulators to investigate a recent hike in natural gas prices that has resulted in sky-high utility bills. Newsom, a Democrat, asked the Federal Energy Regulatory Commission in a letter to look into whether market manipulation, anticompetitive behavior or other activities have driven up the cost of gas in the US West, according to a statement Monday.

    The call for a probe comes after the wholesale price of natural gas in Southern California soared to more than nine times that of US natural gas benchmark futures in December, prompting California utilities to warn of shockingly high bills.

    Why don’t they ask the 30 YO bartender in charge of the green deal?

    1. prompting California utilities to warn of shockingly high bills

      Sounds like par for the course in the Clown State.

      I have to laugh. Prices here are about 50% higher than they were last year and people on NextDoor, including those who always vote D, are screaming bloody murder at the heating bill. Imagine paying 9 times more. $100 last year, $900 this year. Maybe we should rename California “Lil Europe”?

      1. Sky high utility prices and homebuilders keep building low-quality, slapped-together, oversized crap shacks on tiny lots to maximize profits. Imagine paying the heating and cooling bills on a 2,500+ sq. ft. 4 bedroom 2.5 bath sh*tbox, when you only needed (or wanted) a 1,200 sq. ft. 3 bedroom 2 bath bungalow. The RE market has morphed into a greed-infested shit show that has zero benefit to the public.

  4. Cities and states led by Democrats started busing immigrants last year – with some tweaks. In El Paso, the Democratic administration bused more than 13,000 people as of the fall, outstripping buses from the state of Texas in some cases.

    At the time, Mayor Oscar Leeser said he was coordinating with officials in the receiving cities, unlike Gov. Abbott. However, the city stopped its own busing program in October, and the only government-backed bus program there now is run by the state of Texas, according to a city spokesperson.

    Then in December, thousands of people started showing up in Denver on their own. The city set up emergency shelters as temperatures dipped outside. But, it also bought individual bus tickets for 1,900 people, helping them get to 35 states, according to data provided by local officials.

    “It goes along with food and shelter and clothes and toiletries. Those bus tickets are part of this huge humanitarian effort,” says Josh Rosenblum, a city and county spokesperson.
    The politics remain tricky

    Colorado’s Democratic governor, Jared Polis, announced in early January that the state would also charter buses from Denver to other cities. But just a few days later, he halted that program, after the mayors of Chicago and New York asked him to stop.

    In a statement, Polis directed blame elsewhere. “The federal government and Congress, unfortunately, have failed the American people on immigration reform and border security,” he said, while urging the Biden Administration and Congress to set aside funds for states helping migrants.

    Chishti says the busing controversy is a “wake-up call” for politicians, and hopes it will encourage a more coordinated, federally-backed system for helping migrants move around the country.

    You can have a safety net or open borders. But you can’t have both.

    1. News that the City of New York is providing free bus tickets to migrants heading north to claim asylum in Canada highlights an urgent need to address the situation at the border, Quebec’s immigration minister said Monday.

      Speaking to reporters in Montreal, Christine Fréchette called the report “surprising.” She said Ottawa needs to “solve the problem of Roxham Road,” which is an unofficial border crossing south of Montreal used by tens of thousands of people last year to claim asylum.

      New York City Mayor Eric Adams told Fox 5 on Monday that his administration helps in the “re-ticketing process” for people who arrive in the city but want to go elsewhere. He has previously said the city was being overwhelmed with new arrivals, and he has criticized the practice of some U.S. governors who transport migrants straight from the southern border to the city.

      On Monday, Adams told the news station that the city does not push or force people to leave, but some express a desire to move on to other places, including Canada.

      “We found that people had other destinations, but they were being compelled only to come to New York City, and we are assisting in interviewing those who seek to go somewhere else,” he told the news station.

      “Some want to go to Canada, some want to go to warmer states, and we are there for them as they continue to move on with their pursuit of this dream.”

      His comments came after the New York Post reported that some migrants in New York City are being given free tickets to Plattsburgh, N.Y. From there they can travel about half an hour by shuttle or taxi to cross into Quebec at Roxham Road.

      An official with Adams’ office confirmed the city works with community organizations to “re-ticket to help get people to their final destination.” The municipal administration doesn’t treat requests for bus tickets to Plattsburgh any differently than those for other American cities, the official added.

      1. News that the City of New York is providing free bus tickets to migrants heading north to claim asylum in Canada highlights an urgent need to address the situation at the border, Quebec’s immigration minister said Monday.

        It’s like their playing hot potato with the illegals. While they all virtue signal with their “immigrants welcome here” yard signs, the truth is that no one wants the horde of south Americans.

    2. You can have a safety net or open borders. But you can’t have both.

      They know this, hence the bus game they all play. “You take them!”, “No, you take them!”

      I also doubt the bus loads of illegals sent to Denver was spontaneous. Someone hired the buses and told those people to get on, and that when they arrived in Denver there would be free housing, food stamps, etc.

      I can only imagine what went through their minds when they arrived in Dumver when it was below zero (bienvenidos al polo norte!) and they were shuffled into rec centers, to sleep on the floor. No luxury hotels for them.

      Denver started busing them out after they asked the FedGov for financial help to deal with them, and were told there would be no $$$.

  5. 𝗙𝗹𝗮𝗴𝘀𝘁𝗮𝗳𝗳, 𝗔𝗭 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟲% 𝗬𝗢𝗬 𝗔𝘀 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗔𝗿𝗲𝗮 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗗𝗿𝗼𝗽 𝗟𝗶𝗸𝗲 𝗔 𝗥𝗼𝗰𝗸

    𝘈𝘴 𝘰𝘯𝘦 𝘥𝘦𝘴𝘱𝘦𝘳𝘢𝘵𝘦 𝘴𝘱𝘦𝘤𝘶𝘭𝘢𝘵𝘰𝘳 𝘤𝘰𝘯𝘧𝘪𝘥𝘦𝘥, “𝘐 𝘢𝘮 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘭𝘺 𝘣𝘳𝘰𝘬𝘦 𝘢𝘯𝘥 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘴𝘪𝘯𝘤𝘦 𝘐 𝘣𝘰𝘶𝘨𝘩𝘵 𝘵𝘩𝘪𝘴 𝘩𝘰𝘶𝘴𝘦.”

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