January 2021 Market Update

What does the Calgary real estate market look like at the beginning of 2021? Neustaedter Team partners Ray and Jeff Neustaedter discuss the state of the market, and the trends homebuyers and sellers should know.

Transcript:

Ray: Good afternoon, it’s a nice day here at the end of January! Good to see the cold snap finally broke. The market has been very busy and we’re very grateful for that. Jeff, why don’t you share some details?

Jeff: It’s been very busy indeed! Things started getting busier in the second half of last year and this has carried on in the start of 2021, especially for single family properties, at all price points.

Lots of people are now getting into the market for the first time thanks to ultra low interest rates. Because of these buyers, lower-priced houses are selling well — and those sellers are then buying and moving up to a little bit larger, more expensive properties.

The only segment of the market that seems to be struggling still is apartment-style condos, but I’m very optimistic for what’s going to happen this year, and am hoping this will pick up soon.

If you have any questions, reach out, give us a call or send us a message. Thanks so much!

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DISCLAIMER: The suggestions, advice, and/or opinions expressed in this video are simply perspectives based upon experience, and are not guarantees of set outcomes. Always consult with licensed professionals directly when doing a real estate investment transaction.