Spring Market May 2011
The spring market is hot. Last week as the weather heated up and the snow melted, we had 3 offers accepted on Friday and one on Saturday. Amazing what a spring market can bring.
Buyers and Appraisers still seem to be holding prices down, even as buyers get excited for the spring market. In my estimation, the Calgary Commercial Market Values (and the surrounding markets of Strathmore, Drumheller, Airdrie, Brooks, etc) are still 8-10 percent off of their peak in 2007.
Buyers are seeking steady solid cash flows rather than speculating for the future as they once did.
If you price your property for the short term, it will sell in the short term. In today's market, this means we have to leave something on the table for the buyer.
If you would like a market evaluation for your industrial, commercial, investment, office, retail, or multi-family property please don't hesitate to contact me at 403.324.2222 or email bob@telus.net
Bob Sheddy
Posted by Bob Sheddy
on May 12, 2011