Real Estate activity - year to date

Despite the cold, long winter, our office records show that we are 11 transactions ahead of this time last year. The overall inventory of houses available for sale within the Town of Vulcan is lower than last year. Through the Calgary Real Estate Board, we are at less than 20 houses currently for sale. Taking into account listings from other real estate boards, as well as private sales, the number is most likely closer to 30. There are a few higher end properties for sale, but the action on those is limited, mostly due to our local economy. We just do not have many higher paying jobs around for people to afford the higher priced homes. Basically, with supply and demand the way it is, one could assume that if you have a property priced under $200,000 that is in decent shape, you are going to see a lot more action than a higher end house. We have also seen a residential lot on Centre Street sell at $45,000, while there have been other residential lots sell close to the rodeo grounds under the $30,000 mark. We are seeing "move on" houses being set up, or in the process of being set up on these properties. There is one new house being built along the golf course on Whispering Drive. There is talk about some "spec" homes being built this year, but I have yet to see any evidence of that.

AREA Buyer Representation Agreement Video