Welcome to Vulcan

Welcome to Vulcan
Vulcan's Starship Enterprise

Wednesday, August 21, 2013

August 2013 - as Seller's market?

This summer has been a busy one, both with real estate and personally. Though interest in residential property has quieted down somewhat over the past week to 10 days, there is still interest. Interest in bargains. I had someone suggest to me that our market is now a "seller's market", but I disagree. There are just under 50 residential listings in Vulcan, and of these listings, 31 are houses. The percentages may indicate that the market is favourable to the seller, but there is still not a high demand from buyers. Buyers are in now hurry, still have a good selection of properties to choose from, and they have not pushed up prices. There are still many residential lots just sitting, with no one ready to build on them. Hence, I do not classify this as a seller's market. Vulcan has seen a busy summer in other areas. It was our centennial weekend during the first week of August. There was a huge parade, and we had a really good turnout of people during the celebration. And this past weekend was the Annual Sid Hartung Memorial Rodeo. The crowd was not huge, and the competition was not as high end as the Calgary Stampede, but when you are sitting in the crowd with the actual contestants, listening to them talk, and you are sitting close enough to the action that you can hear the THUMP of a cowboy hitting the ground after being thrown off a horse, THAT is exciting! Plus, there were mini chuckwagon races and those were very entertaining to watch as well. This is going to be an annual event for me too!