Geoff Antrum &    Matt Antrum Welcome to Search Calgary Homes

Breaking into Calgary Real Estate Market in 2015

Sat, 24 Jan by Geoff Antrum & Matt Antrum (Father & Son Team)

CREB® 2015 Forecast for City of Calgary

Concerns over Energy Sector could impact consumer confidence in the market. If energy prices stay low throughout the year, this can further damage confidence and cause consumers to delay any unnecessary changes regarding housing. This could further impact the sales and price growth for 2015, as reported below.
City of Calgary – Overall Summary (As of 14 January 2015)
2014: Sales 25,545 Price Growth 9.85%
2015: Sales 24,503 Price Growth 1.58%
City of Calgary Detached Homes
2014: Sales 15,097 Price Growth 10.1%
2015: Sales 14,372 Price Growth   1.8%
City of Calgary Attached Homes
2014: Sales 5,647 Price Growth  9.61%
2015: Sales  5,435 Price Growth 1.50%
City of Calgary Apartments
2014: Sales 4,801 Price Growth 10.57%
2015: Sales 4,695 Price Growth 1.00%

 

Breaking into Calgary Real Estate Market in Late 2014.

Mon, 29 Dec by Geoff Antrum & Matt Antrum (Father & Son Team)

Breaking into Calgary Real Estate Market in Late 2014. What Do Buyers Need to Know?

World Oil Prices are beginning to slow the market and CREB (Calgary Real Estate Board) has indicated (Dec 10, 2014) that we are moving into a Balanced market where house prices will stabilize in 2015.

Please check out the Chart (see below) for “Average Sold Price” in Calgary.

Possible predictions for 2015 house prices in Calgary:

Oil price recovers to $100 a barrel: house prices will probably continue to rise, like 2014.

Oil price stabilizes at $70 a barrel: house prices will probably remain flat.

Oil price drops to $40 a barrel: house prices will probably decline.

CREB® is going to make a 2015 Calgary Housing Market Forecast in mid January 2015 for the up coming year. So we will provide a more accurate predictions once the CREB® 2015 Forecast is available.

Check out our website at www.searchcalgaryhomes.ca