Monday, December 19, 2011

Even houses in very poor condition command a hefty price

If you have ever wondered how crazy the real estate market is in Calgary, I have an example for you. Not a block away from our home, there is an older (1950) house for sale. The agent describes it (verbatim) as follows:

"This house is in very poor condition. If someone wants a fixer upper, this it."

The house is a single floor bungalow with less than 1300 square feet of living space. It's a triangular lot. They want $258,000 for it.

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