Al and Peggy's Corner: Last Time, It Happened So Fast, We Didn't Notice

Last Time, It Happened So Fast, We Didn't Notice

Last Time, It Happened So Fast, We Didn't Notice

Several months ago the real estate market in our area here in Brampton, Ontario, Canada changed.
It changed from a somewhat Buyer's market to a Seller's market. It seemed to happen overnight, it changed so fast.

If you're a buyer, you have to be on the ball, you have to be quick.
Listings are in short supply and if we discount the ones that aren't priced properly and show well, then there are even less available.  property in Brampton, Ontario, Canada

You need a really sharp real estate agent
who is on top of their game, finding those 'hot' properties, quickly before they are sold.

The market seems to be doing a very slight shift again in Brampton, Ontario, Canada.
We are starting to notice more and more listings coming out. 

It's interesting to watch, the market seems to be behind this year. Normally, we see listings coming out in abundance in early March and activity of new listings slowing a bit around this time of the year.

Maybe its this beautiful weather we are enjoying after a long winter, people are getting the itch to move!

Last Time, It Happened So Fast, We Didn't Notice

 

 

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Al and Peggy CunninghamAl and Peggy Cunningham, Brokers

RE/MAX West Realty Inc., Brokerage
10473 Islington Ave., Kleinburg, ON  L0J1C0
905-450-5500

Email: TheHousePeopleTeam@gmail.com

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Comment balloon 22 commentsAl & Peggy Cunningham, Brokers • June 27 2011 08:23AM

Comments

  We were just commenting ....it feels like the "good old days"....the buyers are out, the inventory is thinning, the prices are sometimes over asking....recovery is a wonderful thing !

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) about 8 years ago

Same thing here in SoFla. Although I would like to see more listings.

Posted by Terri Poehler, Coral Springs Real Estate Agent (Realtor) about 8 years ago

Al and Peggy, in-town listings are still selling, albeit a little slower, however, I have noticed country property slowing down dramatically...

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) about 8 years ago

Hi Al and Pegy,  Thnigs are picking up and some people have not notice it yet.

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) about 8 years ago

It's still a buyers market in my area with plenty of inventory and lots of new construction hitting the market as well.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) about 8 years ago

Al & Peggy,

In Colorado Springs, market absorption only pertains to the lower end of homes, where inventory is somewhat less.  Other than that, I think most of the US is still a buyers market... g

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) about 8 years ago

It's still pretty much a buyer's market here in the Raleigh area of NC. But when those buyers have that itch, I'm going to help them scratch it!

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) about 8 years ago

It is still a buyer's market in the Quinte area al and Peggy, but I am noticing a bit of balance creeping in and perhaps the pendulum is turning.

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) about 8 years ago

Al & Peggy, Multiple offers show some recovery and we are still selling in the area! I'm loving it!

Posted by Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (Prado Real Estate South) about 8 years ago

Isn't it Sally and David? We are actually glad we have a few listings to choose from now LOL!

Terri we were there with a shortage of listings, it was difficult, blink a few times, they will appear!!

That is very interesting Chris, as you know we spend most of our time in town which is building up so fast it almost seems like country!!

Will, we hope the buyers sit up and notice soon then because they will lose out on some great opportunities!

Anita, we went through the 'lots of new inventory' to choose from and it hurt our resale market for a bit, looks like that is changing here.

Interesting how the market is still at different stages across the country G.

We know you will Craig LOL! But keep watching it does change overnight.

Our market seems to be shifting just in the last week Malcolm, so watch out!

Yes it feels good to be busy Wanda and we think when you are busy, you just get busier LOl!

 

 

 

 

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) about 8 years ago

Hi Al and Peggy,

Good topic and so accurate, when the media actually catches on that things have changed, the buyers waiting for a shift will be too late and will start crying the blues, that they missed the opportunity.....

We locally seem to be waiting for the provincial HST adjustment vote, as we contiue to be slower than usual, but this is the right time for the real investors and bargain shoppers to be out and taking advantage....

Happy Canada Day Week

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 8 years ago

Al & Peggy - Having the right agent makes all the difference in the world.  I can't count how many times my buyer clients went under contract withing 24 hours of a property hitting the market.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) about 8 years ago

Well, the economy is changing...

Posted by Joshua Zargari, MJ Decorators Workshop (MJ Decorators Workshop LI staging and home decorating) about 8 years ago

Al & Peggy, I'm sure you're being modest when you say you "didn't notice" the market change.  Anyone looking to buy or sell in Brampton, Ontario should first consult with Al & Peggy Cunningham...they really do know the housing market.

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Huntsville AL) about 8 years ago

Al and Peggy that is the way that most change happens.  By the time we realize that a change has taken place, it is well past us.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 8 years ago

Peter and Linda we thought the HST hit across the board except Quebec....see we don't know nutting! Can remember everyone trying to beat the HST here last year.....

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) about 8 years ago

Yes Michelle, that's why we like inputting our listings immediately, to catch those savvy Buyer Agents! LOL!

It is finally Josh and we hope everyone remembers the lessons we have learned.

Ahh, thanks Nick we are humbled...

It does George and while everyone sits and analyzes things happen!

 

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) about 8 years ago

It's a very strong buyers market here in our area and new construction is almost non existent. Interest rates are so low but that's still not enough to overcome the uncertainty of jobs.

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) about 8 years ago

I heard on the news tonight that Atlanta prices are going up and buyers are still buying because they still think there are bargains.  This is good news for sellers.

Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) about 8 years ago

Yes Ed, job security is on alot of minds these days. We did have a buyers market and then listings dried up...now they are coming on the market in a flurry again!

This is the type of news we all need to hear Jane...hope it continues.

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) about 8 years ago

Good morning, Al & Peggy. While we are not quite in the throws of a buyer's market, there seems to be a shift as the market is picking up and sales are getting more robust...

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) about 8 years ago

For the past two years we’ve had some areas that are stagnant, some that are buyer’s markets, and some that are seller’s market. Just goes to show that real estate really is local, sometimes down to specific neighborhoods.

Posted by Not a real person about 8 years ago

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