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Sunday, September 7, 2014
A good summer for sales
The real estate market has been soft in Vulcan for several years. Last year, things started to pick up, I would say mainly due to the floods in High River and Hidden Valley Resort. This year, the momentum carried forward and we have seen a good spring and summer as far as real estate sales go. Even though activity seems to have slowed down a bit in the past week or so, there have still been many houses exchanging hands since the beginning of the year. I guess I should be more specific - there have been a good number of houses exchanging hands this year that are priced under the $250,000 mark. Houses priced higher than this are getting some showings, but not much for sales. Our local economy has not brought in new jobs, or new businesses, that can help potential buyers afford to make payments on the higher end houses. That is the way it is for the local people. As for those who are looking for housing in Vulcan and are from Calgary and area, they are still getting a lot for their investment here than they were getting back in the city. With the average house price in Calgary hovering around the half million dollar mark, purchasing a higher end home in Vulcan for much cheaper seems like a great deal. And it is a great deal for those who do not have to commute to the city everyday, or perhaps only a day or two a week. We just need to get more of those people down here to see what Vulcan has to offer!
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