Market Trends

Doing Your Homework in 2017…..

Wishing we could grab a crystal ball, shake it, and see what the right answer is. Unfortunately we cant but we do have the power do a little market research and due-diligence of past sales vs current sales, current economic activity for the region, current price’s and more. A great website for this is http://carassociation.ca/market_update. This in the Central Alberta Real Estate Association’s main page with a wealth of statistic’s. Looking at the last report of 2016 on this site it actually states that property sales in 2016 were up 3.2% in 2016 as compared to 2015 with an average home sales price of $306,000. What does that mean for the year ahead………. Do your homework, ask questions, consult with people that are in the real estate space, realize that home ownership is one of the biggest purchases of your life and make an informed and educated decision.

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