In today's ever challenging market we are often asked "how do the housing prices stack up to year's past?" We pulled some recent stat's from the Central Alberta Real Estate Board which has sales number's on roughly 45,000 home sales over the past 10 year's and this is what we came up with. A recent slowdown in Alberta's economy has pushed the median sale price of a single family home to those of 2010 with a median sale price of about $280,000. We notice on the graph listed below that we have trended downwards in price from the peak of 2015. What does this mean?...………..
IT'S NOT ALL BAD-Yes we see homes prices trending down, but let's look at the upside. If you have been a diligent saver and your looking to enter the housing market, your buying homes at a discount compared to those who purchased in 2014 to 2016 essentially saying your getting more "bang for your buck"
Keep your eye on the market, keep saving those hard earned dollar's and contact one of the dedicated agent's on the Keller Walker Real Estate Team for an even more detailed insight.