Why Airdrie condo sales are about to go through the roof!

Here’s why Airdrie condo sales are about to skyrocket! I think most of us are still shaking our heads in disbelief that we are suddenly in a Seller’s market. Having been in a buyer’s market for 7 years, it really does feel surreal. However, if this trend continues, it’s essential to look ahead. This is true for investors and first-time homebuyers alike. You want to know where the good bargains are at. This is why you need to be thinking about Airdrie Condos.

I started thinking about this the other day when I noticed that some of our buyers simply cannot afford to compete in this market.

A single-detached home in Airdrie in the $300,000’s may soon be a thing of the past. When detached homes are selling in a day, and over list price, it pushes some buyers with a tight budget completely out of the running. When the detached sector gets this hot, it creates a trickle-down effect*. Because of this, the semi-detached market gets more competitive (it’s already happening). Hence, some buyers will no longer be able to compete in that sector either. Where will they look? Townhouses. Soon, the Airdrie condo market is going to see a shift in pricing as demand outweighs supply. And believe it or not, the next sector is the apartment-style condos that have fared the worst in the last few years.

If I were a savvy investor, I’d be looking at the Airdrie condo market and taking advantage of the very low price tags that are still on offer.

If I had to make a prediction, I’d say those prices won’t be here for long. If you’re thinking you’ll wait this out and rent, I have bad news for you. The rental market typically reflects the housing market and when the housing market gets competitive, so too does the rental market. As always, our team is here to answer any questions you may have! Contact Us to discuss your Airdrie Condo questions in more detail! Natalie