This Brampton Realtor’s Observation
I’ve noticed in the past few weeks I have started getting a lot more showings on my Brampton listings. Brampton real estate market had pretty much collapsed in November 2008. If you saw the statistics the amount of activity was down by about 50% in November, December and January (2009) when compared to 2007 numbers.
2007 WAS a recording breaking year so that should be taken into account but 50% decrease in real estate activity is huge. Generally my listings used to sell within 2 to 3 weeks but now it is taking over a month. Only good news is February 2009 was only down about 38% compared to February 2008. Hopefully that’s the start of a recovery. March statistics should be out in a couple of days and I’ll be sure to post them as many readers have already requested for them. In March I noticed a lot more showings on my listings and a lot more people making offers.
There were a few “low ball” offers because buyers now feel the sellers might be about to lose the house and will get rid of it any price. Luckily all my sellers were in good financial position which allowed them to wait out for a fair offer. Weather seems to be finally getting better so hopefully that brings out the buyers.
If you’re interested in selling your house use my complimentary Brampton home evaluation or start here if you’re ready to buy a Brampton house. Contact Brampton Real Estate Agent Vic Singh and you can expect a reply within 15 minutes!
Talk to you soon!