In case you missed my article for the Prairie Post, here is what I had to say about the market in 2015!
Swift Current experienced its fifth busiest real estate market ever, according to statistics released for 2015.
“Despite a slow start, this past year rebounded very well,” said Century 21 Accord Realty agent Kelsey Adam. “It finished behind the past 3 years and 2007 but considering everyone’s concerns with oil prices, the housing market did very well.”
2015 wrapped up with 283 residential sales, down from last year’s total of 310 but ahead of the 2011 total of 263. There were more listings on the market last year than in 2014, up 15.8% from 419 to 485. The median sales price for last year was $265,000 which is up almost 11% from the previous year’s $238,850.
“With the increase in selection and the relatively strong sales, our market is in a stable, balanced state right now,” Adam stated, adding that continue low interest rates and a strong job market has helped Swift Current to stay one of the more robust real estate markets in the province. “Other areas are being affected more by the low oil price, and some cities are suffering from over construction, but we seem to be riding out the storm quite well.”
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