Quote:
Originally Posted by Wookie
Just thought I'd bring up, my area of townhouses in NW Calgary, I bought September of last year 07. Felt like I wasn't buying something outrageous, felt it was a good price, not too many units, had some unique factors, good location etc. Anyway, one just sold for the same price I bought mine for. A few others listed for above both mine and the one just sold. All are leaving for normal moving reasons vs. liquidating, speculative purchase, flipping etc.
I think that can be a positive. In this market, to be even, shows that not everything was a bad buy, not every decision was a bad one, sure, maybe my area will go down still. But I don't think everyone who purchased in the last 12 - 24 months made a bad decision like a lot of people want them to believe. Not calling anyone out.
|
Oddly enough from what I've seen (I'm involved in looking at properties everyday, no I am
not a realtor), townhouses for the most part have not come down as much as other properties. At least the new ones, I'm not sure why this is. There were houses I looked at 6 months ago that are down 50,000 but townhouses I looked at during that same period are still at the same price. Condo's and houses are taking the beating right now.
There have been houses I've looked at that were purchased not even a year ago, that are down 30,000 - 50,000 from the purchase price. Pretty big loss for one year...