August Numbers Show Two Very Different Markets The detached home market versus the attached and apartment market gave us two different pictures in August.  The detached home segment remained fairly stable with the apartment and attached home segment experiencing continued downward pressure. Here are some of the important August numbers to consider: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary:  There is 3.61 months of supply.  This number is still just inside the tolerance for balanced market conditions. Single Family Detached:  There is 2.78 months of supply.  This ratio is

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    August Numbers Show Two Very Different Markets The detached home market versus the attached and apartment market gave us two different pictures in August.  The detached home segment remained fairly stable with the apartment and attached home segment experiencing continued downward pressure. Here are some of the important August numbers to consider: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary:  There is 3.61 months of supply.  This number is still just inside the tolerance for balanced market conditions. Single Family Detached:  There is 2.78 months of supply.  This ratio is

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Demand Down in July…. but so is Supply.  Result, a continued sluggish market. The economy in Calgary and Alberta continues to suffer, the employment numbers continue to deteriorate.  With few jobs available and higher unemployment, combined with general uncertainty in our economy, there is a direct relationship to the real estate market.  If people don’t have income or are concerned about their future job prospects, they don’t buy homes. As a result, there continues to be downward pressure on prices and weak demand.  The good news is there is a decrease in new listings coming to the market.  Much of this may be due to the fact many sellers do not

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Demand Down in July…. but so is Supply.  Result, a continued sluggish market. The economy in Calgary and Alberta continues to suffer, the employment numbers continue to deteriorate.  With few jobs available and higher unemployment, combined with general uncertainty in our economy, there is a direct relationship to the real estate market.  If people don’t have income or are concerned about their future job prospects, they don’t buy homes. As a result, there continues to be downward pressure on prices and weak demand.  The good news is there is a decrease in new listings coming to the market.  Much of this may be due to the fact many sellers do not

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At Big John Peterson’s Home Marketing Team Our goal is to develop and implement the most effective custom marketing strategy that will sell your home for the most amount of money, with the least amount of challenges – within your desired time frame. Once we find the right buyer for your home, we use our superior negotiating strategies to negotiate the best possible price and terms for you. By having experience, education, and knowledge specifically targeted to helping home buyers, we attract and are able to convert more home lookers into home buyers for your home.

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At Big John Peterson’s Home Marketing Team Our goal is to develop and implement the most effective custom marketing strategy that will sell your home for the most amount of money, with the least amount of challenges – within your desired time frame. Once we find the right buyer for your home, we use our superior negotiating strategies to negotiate the best possible price and terms for you. By having experience, education, and knowledge specifically targeted to helping home buyers, we attract and are able to convert more home lookers into home buyers for your home.

Read more