The horse is dead, stop beating it.I commend Karen Shartun (KW Real Estate Board President) for trying to put a positive spin on the economy. The traditional media has put enough negative spin on this whole thing we could use some good news. Problem is we need information that is not misleading us.
In another article in the KW Record Ms. Shartun says " Truth is this is nothing special. The "momentum" of the spring market is all part of our normal cyclical nature. More houses sell in the spring and summer then in the fall and winter, FACT.
A better perspective to look at this would have been "Sales for January in KW were down 36% year over year and 28% for February. In March we are seeing that number shrink as MLS sales are only down 18% vs a year ago. Not only are we seeing the seasonal increases that we do every year but the gap to last year is closing as the economy settles down."
On another positive note PropertyGuys.com numbers for KW in March show that client sales were even with last year. If we look at the entire Waterloo Wellington area PropertyGuys.com clients sold 26% more homes this March than last March.
You would think that by know their arm would be getting sore.
M
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3 comments:
Interesting stuff Mike
As you point out, your company's sales are up over last year, and our closed volume for April is so far about 100% more than April 08.
Maybe the bigger trend is consumers choosing to do business with a new type of company (whether a 'different' full service firm like Keller Williams Golden Triangle, or a more do-it-yourself model like Propertyguys)
Whatever is causing it, and maybe others aren't seeing it, but our stats are up, our buyers are in multiple offers, and our sellers are selling homes quickly
Benjamin Bach
http://www.kitchener-waterloo-real-estate-investments.com/
Thanks for the comment Benjamin.
No doubt people are looking for an alternative to the traditional 5-6% real estate model. Even 3% on a $300,000 house is almost $10,000 once you add in GST.
It is obvious to me that the consumers are getting it and most of the agents are not.
Mike
More spin from CREA on a national scale. Sound familliar? "Sales are way up over last month and the month before that"
http://www.cbc.ca/money/story/2009/04/15/house-sales-march.html
Why do we never hear from CREA in November "Sales are down 30% over the previous month"?
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