February 2015 Newsletter
Well 2015 is off and running!
Recently I have been showing some of my past clients homes throughout the Calgary market. Our statistics are now showing the homes for sale is 79% higher than one year ago. What a difference a year makes. Prices now have flattened out to where the prices are exactly the same as January 2014. Days on Market have remained at 42-43 days to sell. The important number is sales and they are about 38% less than one year ago.
While we were looking at homes for sale, we are noticing that the homes that show well and are priced at the correct price point are selling fast. The rest remain.
This past week had the Bank of Canada lower their rate by .25% which makes me think they want the economy to pick up a bit. Oil has continued to be lower and some investor people I talked to say this may be the land of opportunity. Smaller oil companies will be sold and will have to merge with other oil companies.
I recently found an article about The Conventional Wisdom On Oil Is Always Wrong, by Ben Casselman. The start of oil wisdom said a few years ago that U.S. production was in permanent decline. Where U.S. production has increased by more than 50% since 2008 and is now near a three-decade high. The U.S. is on track to surpass Saudi Arabia as the world’s top producer of crude oil.....and we live next door to all of this. By the end of 2015, I wonder what will be. I think, better than we thought.
I would like to remind you about my web site. In it you will find easy access numbers and websites for all of your real estate buying, selling and home owner needs. Please go to www.docwatson.ca
If you know of anyone who is thinking of buying or selling, I would appreciate you passing my name onto them. Thank you for all the referrals! Have a great month.
“Doc” Watson, Realtor
Sutton Group Canwest
Text: (403) 804-8007
Office: (403) 208-7788
Celebrating over 25 years of Real Estate Service in the Calgary area