Calgary Real Estate Market Update - Dec 12, 2014

Seems a lot of folks have been dusting off their crystal ball this week. As the end of the year draws near it is natural to reflect on the past 12 months and start looking ahead. There are a variety of opinions and the economists have mixed forecasts on what 2015 will bring us. What is typically a time of year when media sensationalize the good and bad to come the reports have been less than melodramatic. Maybe just a slow news week?


There is definitely some turbulence around the price of oil and in a resource based City such as Calgary that always generates talk around the water cooler. There are those that speculate about real estate market fluctuations across the country but national trends do not reflect the dynamics of any one local area. The regional reports and predictions I have seen from the majority tend to lean towards a balanced market predicted for 2015 with more inventory and more modest price growth for Calgary.


If that indeed is what 2015 will bring, then I personally view that as a good thing. We have seen substantial price increases in the Calgary real estate market this year and a strong sellers market. That can be tough for those entering the market, moving between properties and just generally increases the stress of buying or selling a property.


Generic statements about "the market" means very little to me and I don't read a lot into them. I also look at local conditions, local sales patterns, property types and many other specific details when reviewing property sales so if you want a realistic opinion of value just give me a call. I'm always happy to help.


I often don't just sell homes. I help people move. We figure out value, affordability, wants and needs and then set out a plan to make it happen.


Wishing you and your family all the very best this Christmas season and throughout the new year. To those awesome folks have trusted me to assist them with a sale or purchase and to those that have referred me to family and friends, THANK YOU!

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