Welcome to Vulcan
Sunday, September 9, 2012
Slow summer season
This past summer's real estate market in the town of Vulcan has been slow. There is still a large amount of inventory of residential properties for sale, but not much for demand for these properties. Interest rates are still good, selections is above average, but, as is the challenge of many small towns, there are no new jobs to bring families into town. I still feel that the market will change as it goes through its economic cycle, and in a year or two, people will be wishing that they had bought "back in 2012 when it was a buyer's market."
Commercially, there have been a few shops changing hands. Those looking for a place to park their larger trucks inside for the winter have had their choices reduced. For example, I have had a shop that was listed for two or three years that finally just sold. Another shop sold this spring, and yet another just a few weeks ago. I saw on the news the other day that Calgary is going through an industrial real estate boom. Perhaps this is why buyers have been looking outside of the city for these large shops. They are getting more for their money in Vulcan than they would in the larger centers. At least, that is my opinion.
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