IS THE MARKET ON THE RISE?

IS THE MARKET ON THE RISE?

Calgary’s real estate market over the past several years has been a guessing game for buyers and sellers alike.  Will listings go up or down? Will prices go up or down? Do I wait to list or buy? Is now the right time? Doug Hayden of Kim and Doug Royal Lepage says that now is the time for the indecisive buyer to hop off the fence and get serious.

The beginning of November saw a strengthening market; while sales were still slow, they were picking up.  Hayden speculates that many of the buyers who were waiting to see if prices would drop further, or if selection would increase, have realized that those things are not going to happen and they’d better move now.

With the sudden increase in serious buyers, Hayden is predicting a strong spring for sellers.  With a decrease in inventory, buyers cannot wait as long or be as forceful in their negotiations or they’ll miss their opportunity.  However, Hayden is not predicting a return to the days of multiple offers, site unseen – a true sellers market. 

Hayden’s experience says that the market will likely fluctuate back and forth for many years to come as it searches for its new equilibrium.  Buyers will gain a little, sellers will gain a little. 

But real estate transactions ultimately come down to a decision: as a buyer – do you like the property and feel it is a good value for the price you are offering? And for the seller – are you content with the price you have been offered?  Regardless of what the market does, if you are happy with the price you paid for your new home, and the seller leaves the home happy as well, the transaction has been exactly what it should be.   Let the Haydens help you find that perfect match for your needs, wants and wallet.

 

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