People ask me all the time how 'bad' is the Calgary real estate market. The only answer is ‘depends’. If a property has condo fees attached to it….HUGE buyers market, big price declines. These are apartment condos and many townhouses. If you are buying one of these then you have a lot of negotiating power. If you are selling, then you need to price right to start with.
If you are selling a single family house over the price of $600,000, you also have a buyer’s market. If you have a house under $500,000 then we are actually in a SELLERS market. Especially if you have a house under $400,000.
Strange market, but overall I consider our market to be stable considering the economic downward trend in our city and province. Surprising I know!
If you are selling a single family house over the price of $600,000, you also have a buyer’s market. If you have a house under $500,000 then we are actually in a SELLERS market. Especially if you have a house under $400,000.
Strange market, but overall I consider our market to be stable considering the economic downward trend in our city and province. Surprising I know!
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