- Joined
- Aug 22, 2007
- Messages
- 2,005
“What’s Next For Calgary’s Housing Market?”
Seems like a simple question, and one that everyone seems to be
‘forecasting.’ (in this case with a key missing variable, they are
actually more ‘guessing than forecasting). So let’s combine a look at
some proven research, some previous Real Estate Cycle results and the latest January 2015 statistics to take a quick look at where it sits.
Tipping Point or Balanced?
Here we sit, now strongly past the magic “6-Month” mark of the start
of oil’s decline. The traditional time that the market begins to reflect
a combination of trepidation and F.O.M.O. We can see it reflected in the January statistics released by the Calgary Real Estate Board.
When comparing January 2014 to January 2015 market numbers we see
that sales are down 39% at the same time as new listings have
skyrocketed by 37%. Not the best situation if you HAVE to sell your
property.
Here's some more detailed analysis at my blog:
http://www.donrcampbell.com/calgarys-housing-market-at-the-tipping-point
Seems like a simple question, and one that everyone seems to be
‘forecasting.’ (in this case with a key missing variable, they are
actually more ‘guessing than forecasting). So let’s combine a look at
some proven research, some previous Real Estate Cycle results and the latest January 2015 statistics to take a quick look at where it sits.
Tipping Point or Balanced?
Here we sit, now strongly past the magic “6-Month” mark of the start
of oil’s decline. The traditional time that the market begins to reflect
a combination of trepidation and F.O.M.O. We can see it reflected in the January statistics released by the Calgary Real Estate Board.
When comparing January 2014 to January 2015 market numbers we see
that sales are down 39% at the same time as new listings have
skyrocketed by 37%. Not the best situation if you HAVE to sell your
property.
Here's some more detailed analysis at my blog:
http://www.donrcampbell.com/calgarys-housing-market-at-the-tipping-point