Calgary real estate values have taken a beat in the first month of January, 2015. Oil prices are down by about fifty percent from their recent peaks in July. Most home values in Calgary have depreciated by about 6.4 in as little as four weeks due to current home owners and perhaps speculators trying to time the market to exit quickly.
The real estate in Calgary is quickly turning into a buyers market where seller’s chances are reduced to be only able to sell their homes with a nineteen per cent chance.
The days on market for active listings is hovering around frothy-one days current but it is expected to increase in the coming months.
