RE/MAX Blackfalds Market Update for Oct. 15, 2014
Blackfalds Market Update – The Blackfalds market remained steady in the first two weeks of October. The number of active listings is high enough to satisfy most buyer’s needs and to keep the market in balance rather than the extreme seller’s market we experienced in the spring. Balance is good for long term market stability. Local builders get a large part of the credit for taking the risk of putting up spec homes.
A strong real estate market is a function of a strong economy. Oil prices are down which is not good, but the dollar is down as well which means oil company revenues and government royalties stay relatively high. The new premier is spending lots of money on construction and will continue to spend until the election in 2016. All in all the future looks bright.