Real Estate Blog - Market Updates

March 2015 Statistics

March was a good month for the world of real estate! Calgary is still in recovery mode from the drop in oil prices earlier this year, but conditions have remained relevantly stable and continue to stay in a healthy environment.

The most significant thing that happened in March that you, a potential buyer or seller, need to be aware of is the rise in inventory and the fact that benchmark prices dropped %0.44. Why is this? The more houses there are on the market, the more competition sellers have. If you are looking to buy, this means you have lots of options at reasonable prices. If you are looking to sell, remember that there are a lot of houses on the market right now, so you need to make sure you are offering a fair, competitive asking price.

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February Statistics

At the end of each month we turn to CREB®, the Calgary Real Estate Board, for statistics on what went on in the market that month and what consumers can expect to see in the coming month! At the end of January, we did not have the best news to report. Unfortunately, due to the significant drop in oil prices, the market was shocked out of a highly optimistic forecast for 2015 and into a month where everything slowed down. People were neither buying nor selling as unstable economic conditions loomed over the market.

We are thrilled to say that this is no longer the case! The market in February was still not at where it was forecasted to be, but that is completely understandable due to the changes in January. February was a month for recovery, and recover…

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January 2015 Statistics

It is that time of year again, folks! The new month is here, bringing a number of changes: the end to Target, the beginning of chocolate roses and adorable cards, the start of the last round of episodes for television shows. What else is new and exciting? The real estate market!

You won’t get details on February until next month. However, by understanding what happened last month, you will be able to make intellectual predictions about what the market could look like this month. That is why each month we post the previous month’s stats. You will be able to start identifying trends and recognizing changes. Without further ado, here are the statistics from January:

Without dancing around the subject, the news is that January was not an especially good…

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2015 Market Predictions

CREB has been working hard to compile Calgary’s Real Estate statistics in order to help YOU make informed decisions. They have gathered information from 2014 that can give you insight into 2015 and enable you to forecast where the market is headed and how you can harness trends to your advantage.

The official report can be found at the link at the bottom of this article, but we have summarized some of the key points for you here. Make sure you check out areas that relate to you and your home! This kind of insight can make a world of a difference when it comes to making decisions about one of the largest investments you will make in your lifetime.

To recap what went on in 2014, the Calgary real estate market moved in a really positive direction!…

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