In this rough market homes have to be priced realistically if they are to sell, says Bert Chapman of Premier Canadian Properties. The reality is that prices have plunges about 15% during the past six month in the mist of the global economic slowdown.
“Properties priced right are still selling quickly”, he said . Properties listed at market value sold within 60 days. Properties listed to high then adjusted to market value sold within 60 days of that adjustment.
Properties listed too high and not adjusted are making up the unsold inventory.
For instance, Bert Chapman just helped some clients buy a home on acreage in the high 600,000’s, It was originally listed in the mid $800,000’s.
Office: 6-3185 Via Centrale,
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