Yet another reason to strategically market your home for a successful sale can be found when considering the market inventory Calgary currently has. There are currently 7496 Active listings of Condo and Single Family Homes in the Calgary metro area. Out of these active listings 2571 are vacant. This accounts for a whopping 34% of total actives being vacant which definitely suggests there are a lot of home owners that NEED to sell. With this high a number of vacant properties it will be interesting to see how the market reacts in the comming months to lower offers from buyers looking to take advantage of a sellers known carrying costs.
With interest rates still quite low buyers are in a great position to pick and choose a good property for great value. Overpricing in this market especially taking this interesting statistic into account would not be in a sellers best interest.
Data compiled from the MLS service and is deemed reliable but not guaranteed