Ask David

How accurate are listing prices?

Dear David, I just heard that a house in my neighbourhood sold for $700 thousand over asking. How is this possible when the market has softened so much? – ASTONISHED DEAR ASTONISHED: When we look at numbers like this, it’s important to consider both the state of the market, and the influence of marketing. Like

Read More »
Broken Piggy Bank
Ask David

Clever marketing makes it look like home sold over asking

DEAR DAVID: We’ve heard some crazy stuff about selling prices these days. Some homes are selling for $50,000 over asking price and some for as much as $300,000 over asking. What’s going on? – BLOWN AWAY DEAR BLOWN AWAY: To understand what’s happening, we first need to differentiate between market value and marketing. Market value

Read More »