Real Estate Blog
August 25, 2010 by Community Admin · Leave a Comment
As we approach the end of August many people are asking about the Real Estate Market. The opinion’s don’t always match the true statistics.
Sometimes the news is guilty of using stats to create either a sellers market or a buyers market (people tend to watch the news more when it favors one group over the other). The truth is we as licensed professionals prefer to see a balanced market which doesn’t get a lot of news coverage. Normally in Calgary/surrounding areas this time of year we will sell around 2300 homes/condo’s. This year we are down around 1800 a drop of around 22%, which is significant but not terrible either when you consider the prices haven’t changed.
This means we are in a buyers market but the sellers are also not desperate to sell either which is what is keeping our prices holding. I think we will see more of this for a while, which really offers a good opportunity to take advantage of low interest rates & more inventory.
If you would like a full market update, including individual community stats, & foreclosure information call me for a FREE consultation.
Rob Vanovermeire
Maxwell City Central, broker
C. 403-870-8704
F. 403-451-1514
