December 1, 2014
An increase of new listings and a decrease in sales compared to the same month last year has Calgary's real estate market trending toward a balanced market. Buyers can expect to enjoy a larger selection of homes to choose from in the New Year and also see prices stabilize across most categories. Those thinking of selling their home should consider doing so very early in 2015 as lower oil prices could soon affect jobs in Alberta. While a drastic drop in real estate prices isn't expected (as what occurred in the 2008/2009 market and oil price collapse), it will certainly move the market closer to a balance or buyers’ market. Better to get ahead of the curve. Buyers, read into that as you will.
Feel free to add your own comment, opinion or simply ask a question.
Happy Holidays
William Charlton
An increase of new listings and a decrease in sales compared to the same month last year has Calgary's real estate market trending toward a balanced market. Buyers can expect to enjoy a larger selection of homes to choose from in the New Year and also see prices stabilize across most categories. Those thinking of selling their home should consider doing so very early in 2015 as lower oil prices could soon affect jobs in Alberta. While a drastic drop in real estate prices isn't expected (as what occurred in the 2008/2009 market and oil price collapse), it will certainly move the market closer to a balance or buyers’ market. Better to get ahead of the curve. Buyers, read into that as you will.
Feel free to add your own comment, opinion or simply ask a question.
Happy Holidays
William Charlton
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