Housing market characterized by slow demand

Posted by Nancy Ball on Monday, January 11th, 2016 at 9:38pm.

Happy 2016 Everyone!!!

Hope you all had a nice holiday season and are enjoying the warmer temperatures this week.  

The Calgary Real Estate Forecast predicts sales to drop 2.2% and prices to fall with foreclosures to rise up to 30% this year. That said, I look at the great opportunities for buyers and investors plus my Sellers are still getting offers and selling for a profit! I don't let the negative take over and maintain a positive outlook for 2016. 

Interest rates are predicted to rise so I would lock in a mortgage rate if you are interested in buying in Spring. If there is anything I can do to help you or someone you know, please let me know. Special thanks to Lindsay & Jacques Krzepkowski and Karen Chambers for your referrals as I've enjoyed helping your friends and family.  

Check out the latest CIR Realty contest to win a Master Bedroom Makeover! Please enter by February 7th and the draw will be on February 11th. Good luck everyone!

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GoPro: Best of 2015 - The Year in Review

December 2015 Statistics

 

Active Listings
Detached: 2138
Attached: 1078
Apartment: 1120

 

New Listings *Last 30 days
Detached: 793
Attached: 349
Apartment: 341

 

Sold *Last 30 days
Detached: 533
Attached: 194
Apartment: 151
            
Benchmark Price *Last 30 days
Detached: $508,700
Attached: $351,400
Apartment: $285,500

 

Last updated January 4, 2016 - Read full statistics

Calgary Area Events
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Jan 7 - 31 Calgary International Festival of Arts
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Jan 30 10th Annual Lego Competition
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Feb 6 The Peking Acrobats
Feb 8
Chinese New Year
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Feb 13 - Mar 1 Canmore Winter Carnival
Feb 14 Valentine's Day
Feb  15 Family Day

Feb 15 WinterFest
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Mar 2 Toupee for a Day 2016
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Mar 5 Blitz Snowshoe Fun Run — Lake Louise
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Mar 17 St. Patrick's Day
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Mar 28 Easter Monday

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