We’ve got some great properties that we will be hosting open houses at this weekend. View them below then come check them out in person! Locations and time of these open houses can be found here.
Archive for January, 2015
Open Houses
Friday, January 30th, 2015Wednesday’s Joke
Wednesday, January 28th, 2015
Why Winter is The Best Time To Buy
Monday, January 26th, 2015
We Couldn’t Have Done it Without You
Thursday, January 22nd, 2015We’re honored to have been named one of the top producing teams in CIR Realty this year! We couldn’t have done it without the support of our clients and families. A big thank you to everyone! 
Prime Reduction
Thursday, January 22nd, 2015A great article about the reduction of the overnight rate by the Bank of Canada and what it could mean for you
Open Houses
Monday, January 19th, 2015There’s a new feature on our website – exclusively for open houses! Check it out here
CREB’s 2015 Market Forecast
Thursday, January 15th, 2015Yesterday was CREB’s economic outlook for 2015 taking a look at all things housing and economy for the year to come. Here’s a brief summary of CREB’s forecast for the upcoming year! For more information you can visit their website creb.com.
Your Home at a glance
Friday, January 2nd, 2015Have you ever driven up to a restaurant and your first impression was
disappointing? Perhaps the windows looked dark and gloomy, the façade
was worn and unattractive or for some other reason it just didn’t look like a
tempting place to eat.
It could still be a fantastic restaurant – a real gem. But, your first impression
has soured your anticipation. If you still walk through the front door, it will
likely be with the expectation of being disappointed.
This scenario often plays out in the real estate market as well.
A buyer drives up to a home for sale and quickly forms an impression based
on what he sees “from the curb”. That’s why you’ll hear real estate experts
talk about the importance of “curb appeal”. It’s one of the most important
selling points of a property.
If you plan to put your home on the market, you obviously want your home
to look as attractive as possible from the street. Fortunately, there are many
simple things you can do to improve curb appeal.
For example, you can trim shrubs and hedges, plant flowers, clean the
walkway and driveway, paint the front door and garage door, and clean the
exteriors of the windows. All these projects are relatively easy and
inexpensive. Yet, each can make a dramatic improvement to how your
home looks at first glance.
Don’t be like the great restaurant that’s hidden behind an unkept façade.
Make sure your curb appeal reflects the overall value of your property.
Looking for more advice on selling your home quickly and for the best price?
Call today
Jan. 2015 Calgary Real Estate Market Snapshot
Friday, January 2nd, 2015Stay ahead of the curve by following our Monthly Market Snapshot of the Calgary Real Estate Market. This shows what’s really happening in the Calgary Real Estate Market. The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate. A simple way to keep up to date and ahead of most!
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Want to see stats specific to your Community? Register for our Market Report at http://www.calgaryareasolds.com/
Find out what your Neighbor’s home sold for – Register for our Market Report at http://www.calgaryareasolds.com/
An interesting month in the Calgary Real Estate Market. Yes, Sales numbers for December dropped but the real question should be “Is this an annual trend or is it due to the price of oil? Keep reading to find out. Attached please find a copy of the stats package from the Calgary Real Estate Board for the month of December 2014. Below is a summary of some key areas with a few short comments.
Calgary Listing Inventory: As I would expect, all Inventory levels decreased this last month. Inventories typically decrease at this time of year as many people wait until the New Year to list. Of interest for the first 6 months of the year our inventory hovered about 600 listings lower than 2013 and for the last half of the year our inventory hovered about 600 listings online casino higher than last year.
| Inventory | Nov 2014 | Dec 2014 | Change |
| Single Family Home | 2373 | 1985 | -388 |
| Condo Townhouse | 511 | 434 | -77 |
| Condo Apartment | 985 | 823 | -162 |
| Total | 3869 | 3242 | -627 |
Calgary Sales:
Typically at this time of year we also see sales numbers decreasing. Sales in December decreased in all categories. Yes, this drop looks drastic but wait…… This year the drop from November to December was 39.2% and for 2013 the drop was 32.1% Still a drop but not as drastic as it appears.
| Sales | Nov 2014 | Dec 2014 | Change | % Change |
| Single Family Home | 1181 | 708 | -473 | -40.0 |
| Condo Townhouse | 277 | 157 | -120 | -43.3 |
| Condo Apartment | 324 | 218 | -106 | -32.7 |
| Total | 1782 | 1083 | -699 | -39.2 |
Calgary Real Estate Sales Prices:
In December the benchmark price decreased very slightly for all categories. The change is so small it’s really insignificant. Now that we have moved to a balanced market position pricing should remain stable.
| Sales Prices | Nov 2014 Benchmark Price | Dec 2014 Benchmark Price | Change |
| Single Family Homes | 511,300 | 510,900 | -$400 |
| Condo Townhouse | 338,600 | 337,300 | -$1300 |
| Condo Apartment | 300,700 | 300,300 | -$400 |
Sales Prices “Year to Date”
Year to date prices – Prices have increased in all categories and exceeded most predictions for what would happen in 2014. Good news if you are a homeowner.
| Sales Prices | Dec 31 2013 Benchmark Price | Dec 2014 Benchmark Price | Change$ | % Change |
| Single Family Homes | 472,200 | 510,900 | 37,800 | 8.0 |
| Condo Townhouse | 307,100 | 337,300 | 30,200 | 9.8 |
| Condo Apartment | 278,600 | 300,300 | 21,700 | 7.8 |
Absorption Rate (Months of Inventory) (the inventory divided by the number of sales in the last month). What does this mean you might ask?
| Buyer’s Market | >4.0 |
| Balanced Market | Between 2.8 to 4.0 |
| Seller’s Market | <2.8 |
*** Absorption Rate:
This month the absorption rate increased for all categories. If you have been following my stats this is the largest change that we have seen in some time. Townhouses remain in a sellers market position but both Condos and Single Family homes have moved into a balanced market position.
| Absorption Rate | Nov 2014 | Dec 2014 | Change |
| Single Family Homes | 2.01 | 2.80 | .79 |
| Condo Townhouse | 1.84 | 2.76 | .92 |
| Condo Apartment | 3.04 | 3.78 | .74 |
| Total Calgary | 2.17 | 2.99 | .82 |
**Please note that these numbers do change on a community basis and more so for towns. If you would like to find stats on your community just let me know. If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.