Road to Recovery

Calgary has seen a drastic change in consumer confidence both on the buying side and the selling side. Once again we saw a real estate market that continued to rebound in the month of October. Sales were up more than 50% from October 2008. We’re seeing increases in single family homes and in condominiums; a difference from last month where I noted that the condo market still wasn’t on the same pace as single family homes. However, I have also noticed a low inventory of homes for sale on the market. An increase of potential buyers with few houses to buy has created competitive offers/multiple offers for select properties that become new listings on the market. There is a huge demand out there for houses of a certain criteria, if you price it right you will sell it.