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What's up in Calgary's Real Estate Market

Blog by Robin Lear | October 3rd, 2013

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Well, as we enter the cooler and darker months in Calgary, it seems like things are slowing a touch with respect to Real Estate.  For the first time in 2013, we are down under 2000 SF/Condo Sales in Calgary Metro. Crazy! That being said, for many homebuyers in Calgary it still feels like there's nothing on the market, because we have less than 4000 listings on the market. Year over Year, our supply is still limited, and many buyers are feeling like the 10 or so options they might have had a few years back in their category has shrunk to only 3 or 4 homes in their price point. Many economists in our market still have the sense that we are a market that leans to the seller, but the other component of that is that it is dependant on WHICH price point you are in, area, etc...It seems like our 600-900k price point isn't as busy as our under 500k part of the market.  Unless of course you are talking about the Westhills corridor, or inner city.   To really understand your part of the market you have to break it down to what is going on in your particular neck of the woods.  For a complete evaluation of your specific buying or selling scenario, please don't hesitate to call or email me directly.