[Sylvanfan]

So at long last I got enough work done on my house and signed a contract to list it. Now my wife comes to me a day later to cry that I under listed the house. Right now the Edmonton and area market looks to be in a bit of a lull similar to what Calgary had about a year ago after it's big explosion. Plus as you get to June people start going on summer hollidays, realtors go on hollidays and often the market does tend to soften up. Thats my fault though that the house wan't ready till now as I just couldn't hire any help as it was booked, or too expensive. Several houses are on the market here and in the area of the city where I live for very high prices right now, and they're all sitting on the market not moving. Fine if people want to list high and see if they can find some sucker to give them a windfall of cash and move on it's their right.

In my area of St.Albert two weeks ago there wasn't a house for sale for under 500k. This past week a couple came on under that price and one place that was listed for only one week had a price reduction of 15k. That tells me they had zero interest if they're dropping their price that much after one week. Places used to be for sale for a week if that before they sold, now I'm seeing places for sale for over a month, and prices coming down on a few of them, and fairly drastic I might add. Once place first listed at 530, and sold 5 weeks later at 489. So despite these high list prices, the selling prices don't look to be there.

I actually want to sell the house and move, and I'd prefer it's not on the market for 3 months and having people through the house every single day type of thing. So I priced the place right in the range that all comparable houses have sold for since the 1st of May. So although everything around me is listed between 495 to 525 I set my price at 475. Based on price per square foot my house would rate top 3 in terms of price per square foot vs the other houses that sold. House wise mine certainly isnt' the biggest, my basement isn't finished, and our yard isn't as nice as some of these other places listed. Also I did the renovation work and it looks okay, but I'm not a professional carpenter so I'm sure it doesn't look better than a house built in 2005 that came with all the fancy stuff.

Our house hasn't even hit the market officially yet as I didn't want it on until Thursday. So I don't even know if theres much interest yet myself, we really won't know until it's on and we see how many viewings it has. I also don't want to look like some moron who priced it 35k over what I actually sold it for either, and I think a lower price has the potential to get multiple buyers looking to grab what they think is a good deal. Yet my wife has to complain that it's too cheap because the women in her quilting class, or who work with her and live in Sherwood Park where taxes are $200 less a month than St.Albert say it sounds low? Arghh....this type of thing drives me nuts, because I've encouraged her to sit down and go through this stuff. But she says no it's boring and she doens't want to care to understand it. Rant over!