Tired of all of the doom and gloom being reported about the real estate market. Me too. While the market has softened, things are no way near as dire in the overall real estate market as the media would have one suppose:
More than half of detached sales in October occurred below $500,000, where demand relative to supply remained relatively tight – thereby potentially offsetting some of the price losses in the higher end of the segment.
“Sales activity has varied depending on market segment and price,” said Corrine Lyall, President of the Calgary Real Estate Board..
“For example, while some price adjustments have occurred in the higher-end detached category, this is less likely for the under-$500,000 detached segment which had more balanced conditions.”
Read the full report here:
So for all you Buyers, now through the end of the year is a great time to take advantage of some great deals out there in the market. If there is anything I can do to help you in your real estate search, please don't hesitate to call for info.
Love Where You Live,