In Many years in real estate in Calgary ive never seen as much activity where some buyers still believe its a buyers market.
Blog by Robin Lear | February 21st, 2013
Since probably March of 2012 we've seen a turnaround in the market, but many buyers still believe its a buyers market. Frankly its sometimes surprising when youve been on the market for a short amount of time, and someone wants to entice you with an offer at 90% of list price. Pretty rare that a seller will be attracted to that in general. What we've seen in Calgary in that on the low end of the spectrum, 95-96% of list price, but more typical is 98-99% of list if you are well priced. Ie) if you are priced at $500,000 as a seller, would you really take 50k less. No you woudn't. For more specific insight into your situation, feel free to call or email.