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Jeff Neustaedter Market Update - April
Good morning. I hope all is well. I wanted to send out a quick update. Although we are clearly not through the economic turbulence of this new reality of much lower oil prices, I truly feel we are trending in the right direction again. As confidence slowly grows in our economy, we are seeing it in the real estate sector as well. Sales have now hit 500+ on a weekly basis! Although it is not at the extreme highs of 700+ that we have experienced, it is dramatically better than the 160 weekly sales in January. Inventory has yet to break the 6000 level. Very much in check and balanced. The new reality is that prices are off 5% from the peak in the summer of 2014. I honestly believe that we are now truly balanced. But I'm also still holding strong that there will be no price increases this year.
I am getting this subtle sense of optimism from other professionals in oil and gas, as well as the financial sector. Please feel free to contact me if you have any questions. Like many people in many industries, it has been a very difficult six months for my team and I. Hopefully much brighter days ahead for Calgarians.
Jeff and the Team
Working with Canada`s largest Real Estate franchise RE/MAX, our unique & dynamic team has the knowledge and experience to get you the results you need. Whether you are buying or selling, our team knows Calgary, Bearspaw and the surrounding area.
The volume of sales we do vastly surpasses any Real Estate agent or team in Calgary.
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