During this weekends open-topic post ‘tacoman’ noted that someone has started up a Victoria area flippers in trouble blog modeled after the original Sacramento area flippers in trouble and Phoenix flippers in trouble. These blogs all track drops in asking prices and where available show recent sales activity.
The Victoria area blog isn’t yet showing drops anywhere near as dramatic as the US based blogs are tracking but it will be interesting to see where this goes as the market changes. On the Sacramento blog the first listing is a house bought in March 2007 for $1,308,000, currently sitting on the market with an asking price of $600k.