Off The Market – “The ‘For Sale’ sign has disappeared from the lawn. My wife figures they got too close to the baby’s birth to be able to deal with a move.”

“Just a quick update on the couple I know in Burnaby who are expecting a third child and trying to sell to move up to a bigger place. I drive by their $820k ‘starter home’ every morning on my way to work. After a series of weekend open houses every weekend for about a month, the ‘for sale’ sign has disappeared from the lawn. My wife figures they got too close to the baby’s birth to be able to deal with a move. I think the sign might show up again once the realtor brother figures the buyers are back for the fall run. I’m hoping they decided to just stay put as their plan was to sell and buy a bigger place for over a million. Selling and renting was never in the cards.”
lexlimo at VREAA 22 Aug 2012 12:21am

1. Move-uppers may seem to have done well, but their increased exposure puts them at increased risk in a downturn.
2. Sometimes, by chance, market conditions prevent people from making even bigger mistakes. This couple will likely look back and ‘thank’ their child for “saving” them from the move-up.
– vreaa

9 responses to “Off The Market – “The ‘For Sale’ sign has disappeared from the lawn. My wife figures they got too close to the baby’s birth to be able to deal with a move.”

  1. I’ve noticed a number of houses with “for sale” signs in front of them take that sign down for a few weeks and then put it back up. This has gone on for several months. I’m assuming that these re-listings. Is any one keeping track of this type of inventory?

  2. Yes, “Vancouver Price Drop” lists a lot of them.

  3. Chart update of listings by year and price range.

    Greater Vancouver MLS Listings: By Price Range (Sample Count Only)
    Greater Vancouver MLS Listings: By Year Built (Sample Count Only)

    Also confirming what I’ve suspected was contributing to Van’s average price; future pre-sales being booked in Van’s average price. Listings Built In 2013-2015

    Van’s average price is badly skewed. Use median prices in REBGV’s report.

    • It looks like on 25 listings or so got shoved from the just over 1 mil to the just under 1 mil category. That’s fewer than I would have expected.

  4. Fortunately… they didn’t think to bring a ForSaleSign. It wasn’t about that…

    In Memorium. NeilArmstrong: August 5, 1930 – August 25, 2012

    • …”In an interview, Hansen, author of “First Man: The Life of Neil A. Armstrong,” cited another “special sensitivity” that made the first man on the moon a stranger on Earth.

      “I think Neil knew that this glorious thing he helped achieve for the country back in the summer of 1969 — glorious for the entire planet, really — would inexorably be diminished by the blatant commercialism of the modern world,” Hansen said.”…

      http://wapo.st/PjuFkB

      • this always bugged me … http://tinyurl.com/9uxfrwo … fwiw, the idea that he just plain botched it (likely) is far more genuine and inspirational

      • With or without the “a”… Neil’s OneLiner still resonates… Walter, on the other hand, went ‘off script’… and could only manage… “Wow.” But I think that worked out OK, too… Wouldn’t you agree?

      • yes resonate, differently though … not a disparagement or diminishment but punctuating the big moment with a poetic goof … maybe an accidental profundity … or something … http://tinyurl.com/qo8oec

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