Tag: calgary realtor

08
Nov

Calgary Real Estate Market Update October 2017

How was the Calgary Real Estate Market in October?

To watch this video on Facebook Click Here Now

We saw an inventory drop in October and coupled with sales holding steady with September numbers, the Calgary real estate market is becoming more and more stable.

The Calgary real estate market drives in cycles and we are now approaching the slow time of the year when sales begin to drop.

With sales dropping slightly and a strong indication of inventory dropping, we should see a fairly normal market for Calgary moving through the winter months.

We feel that the winter months are one of the best times to sell your home as you will see a lot of your neighbours pull their homes off the market during the Christmas and holiday season. If there is still demand for your area, you will no longer be 1 of 10 listings, you might be 1 of 3 or 4.

What is the Latest Mortgage Rule Change and How Does it Affect Me?

I think Darren spells it out best in this video so watch the video below as he gets into what the changes are and if you will be affected by them.

 

Calgary’s Hottest Real Estate Communities

The three hottest communities in Calgary were:

Ogden, Cliff Bungalow and Acadia.

“All of them had quite a few properties hit the market but almost doubled down on the properties sold.”

There are other communities that have low inventory so if you are looking in any of the communities listed below, you should be ready to jump on that home that pops up on the market that matches your criteria:

North Haven, Christie Park, Upper North Haven, Maple Ridge and Charleswood

Full Video is below with clickable indexed timelines

INDEX (clickable):

0:00:37 October Expectations

0:01:34 Inventory Shift

0:02:08 Inventory vs Sales

0:02:58 the Feds

0:05:32 Headlines vs Reality

0:06:27 Potential of the “Rule Change Rush”

0:07:34 Advice for Sellers

0:09:17 Advice for Buyers

0:10:57 Summary

0:11:19 Calgary’s Hottest Real Estate Markets

0:12:40 Calgary’s Hottest Communities

0:14:43 Wrap Up

11
Apr

Canada Market Stats for March 2017

What Happened in the Canada Real Estate Market in March?

Some really positive news in the market for March in Canada.

Here are some of the highlights but make sure you watch the video below to get in 2 minutes or less!

  • Sales were up 20% from this same time in 2016
  • Sales in March were up 42% month over month and a big improvement from February’s numbers
  • Inventory jumped 13.5% from February
  • Inventory levels were down 16% from March of 2016 keeping in line with a balanced market

Canada’s Detached Housing Market

If you have a single family detached home, we have some very good news for you:

  • Overall months of supply is 1.97
  • All price points for detached homes are seeing improvements in sales numbers as well as slight improvements in prices
  • The entry to luxury and early luxury markets of $800,000 – $1.25M saw 50% of its total sales in March alone
  • The West side of the city is seeing the highest appreciation so far this year with an increase in prices of 2.5%

The Hottest ‘Hoods in the City

Here are the hottest neighbourhoods in the city, do you live in one of them??

  • Cougar Ridge and West Springs in the $500,000 – $600,000 market
  • Chinatown had a whopping 200% of its new listings sell in March
  • Upper Mount Royal had 167% of its new listings sell, and over half of the its sales for the year in March
  • Eagle Ridge saw 200% of its new listings sell in March, and 100% of the total sales for the year
  • Two communities are seeing extremely low inventory right now, with 0.3 months of supply for Riverbend & Southview.

Want more information on the Canada real estate market? Watch the video below