We’ll be at the Calgary Home and Garden Expo! Ready to answer all of your real estate questions as well as test your golfing skills! Stop by, grab a chocolate (or two) and enter into a draw to win a BBQ. While you’re there check out some of the benefits our team has to offer. See examples of how we price your home, the odds of selling in today’s market, find information on the rental market, investment properties, acreages and more! If you’re bringing the kids down on Sunday make sure they get a balloon animal and their face painted.
Archive for February, 2015
Home and Garden Show 2015
Wednesday, February 25th, 2015Common Mistakes When Selling Your Home
Thursday, February 19th, 2015Encore at Kincora
Wednesday, February 18th, 2015
Welcome to Encore at Kincora, surrounded by parks, golf courses, schools and amenities with easy access to Stoney Trail. This beautiful 2 bedroom plus den apartment features a spacious balcony perfect for entertaining. Built in 2014 this unit is in like new conditions with granite counter tops throughout, stainless steel appliances that are less than a year old and a 3 piece ensuite. Perfect for a first time home buyer that may have a renter or roommate. Two side by side titled parking stalls are included with enough room to store your winter tires.
Tips to Make Moving Easier Part 2
Tuesday, February 10th, 2015Use a trash bag to quickly pack hanging cloths – Don’t bother to take clothes off the hangers, you’ll only have to put them back on when you get to your new house. I prefer to use garbage bags with the draw strings just tuck everything from the bottom up into the bag, pull the strings and leave the hanger hooks out of the top, then you just have to get rid of the bag once it’s hanging up in your new closet!
Fill your rolling suitcases with your heavy items – books are heavy and there’s nothing worse than ripped boxes or worse pulled backs. If you pack your heavy items in rolling suitcases you won’t have to worry about carrying these items the whole time you are moving them. Just make sure you aren’t bumping the wheels down the stairs if you are over the weight capacity of the bag.
Leave lighter items in your drawers – when moving side tables, desks, nightstands and dressers leave the light stuff in the drawers, once less thing to unpack!
Pack a first day box – Put all your essentials in here: toilet paper, tooth brushes, medications, anything you can’t go 24 hours without. Nothings worse than madly searching through boxes while your toddler does their pee dance behind you.
Relax – once everything is in your house make sure you take the time to celebrate your new home with anyone who helped you move in. Crack open some wine or champagne, order a pizza, and enjoy your new surroundings!
Things To Do This Weekend
Friday, February 6th, 2015Skating Party at Bowness Park
It’s a party and you’re invited! The City of Calgary Parks, in partnership with the Bowness Community Association, is planning a skating party at Bowness Park on Saturday, February 7 from 11 a.m. – 3 p.m. This celebration is a chance for local residents and citizens from across the city to visit the newly redeveloped park. Enjoy good company, free entertainment and refreshments!
Officials from The City of Calgary and Province of Alberta will give brief speeches at an official opening ceremony at noon.
February Classic II
The second show jumping event of the Classic Series, the February Classic II takes to the indoor confines of the Spruce Meadows Equip-Plex. The February Classic II is an excellent warm-up to the 2015 season. You and your family are welcome to join us and watch the competitions, wander through the barns and enjoy a hot chocolate in the stands. Admission and parking are complimentary. For a full schedule click here
Travel Expo
Want to be the first to hear about the hottest destinations for 2015? From the latest travel trends to all your old favorites, we’ve got every corner of the globe covered and want to get you there! Amazing one-time deals massive saving and priceless expert travel advice await you.
Where: North building, Call C, Calgary TELUS Convention Centre, 136 8 Ave SE
When: Saturday February 7, 2015
Admission: Free
Calgary Boat & Sportsmen’s Show
In addition to the exhibition: Young outdoor enthusiasts will find plenty to entertain and keep them occupied at the Show. The Trigger X Kids Fishing Pond is a catch and release program for kids under the age of 12 to try their hand at trout fishing (by donation). Also Alberta Birds of Prey Show.
Admission Prices
Adult $14.00
Juniors (6-15) $8.00
Seniors (Ages 65+) $10.00
Children (Under 6 years) Free when accompanied by an adult
Family Pass (2 Adults & 2 Juniors) $35.00
Click here for more details
Wednesday’s Joke
Wednesday, February 4th, 2015<img class="aligncenter size-full wp-image-988" casino src=”http://gordpiper.blogs.redmantech.com/files/2015/01/Gord-Realtor.jpg” alt=”Gord Realtor” width=”490″ height=”275″ />
Tips to Make Moving Easier
Tuesday, February 3rd, 2015Have a yard sale – we all do it, we hold on to things you know you’re never really going to use again. Pick up everything you know you don’t want to take to your new place and sell it at a yard sale. No time for a yard sale? Give it away! Take it to the Salvation Army, Value Village, Homeless Shelter, anywhere you feel it could be used.
Forget writing the room on each box – use color coded stickers or tape to save yourself some time. Make up a key for one person to hang on to, then as boxes start coming into the new home they will be easy to spot. To make it even easier you can put Post-It notes on the door frames of each room with the corresponding sticker. No need to worry that no one can read your writing, and no need to have anyone direct traffic.
Use plastic wrap around your silverware tray – don`t unpack and resort your silverware, wrap plastic wrap around the whole thing then just unwrap and put away when you get to your new house. This trick works well for baskets and other small boxes or containers you might use to hang on to small items. The plastic wrap not only keeps everything where it belongs but protects everything inside from dirt and dust.
Use Ziploc bags to keep small drawer items together – let’s face it we`re always going to have a junk drawer or two why bother trying to put it all in a designated box only to have to sort through it all once the move is done? Throw everything into a Ziploc bag and into the correct drawer once you’re moved into the new place, you can sort through the bags once everything else has been unpacked.
Calgary Real Estate Market Snapshot Feb 1, 2015
Monday, February 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/
Calgary Real Estate Stats have changed.
The Calgary Real Estate Board just changed the operating system for Realtors and with that the Monthly Stats categories have changed as well. Here is the categories.
Old Categories | New Categories | What’s changed |
Single Family Home | Detached | Does not include attached homes |
Condo Townhouse | Attached | Now includes Attached Homes |
Condo Apartment | Apartment Condos | No Change |
What this means is simply that attached homes are now taken out of the Single family category and lumped in with the townhouse category. There are a few other classification changes but they are very small and won’t show in the stats. This will affect a few of the numbers below.
Oil Prices and the impact on the Calgary Real Estate Market.
I am certainly not going to predict the future here as I am not an expert in the Oil Industry. What I find interesting is that in what I have been reading there seems to be two sides
- Optimists are predicting that we will be back to at least the 60 – 70 dollar oil by mid year
- The pessimists are saying that we will be low forever or years anyway
My Stats summary below will show you the facts of what has happened to date and some short term predictions. Please note that the market shifted very fast and when oil prices rebound the market can shift very quickly in the other direction. The big question is when? And if you have the answer to that please share it with me.
Now onto the Stats Market Snapshot
Calgary Listing Inventory: Yes, Listings are up substantially this month. While January we usually see an increase from December, this number is very large. With the uncertainty around the oil prices many people that would have listed in spring jumped into the market early.
Inventory | Dec 2014 | Jan 2015 | Change |
Detached | 1496 | 2359 | +863 |
Attached | 315 | 950 | +635 |
Apartment | 745 | 1117 | +372 |
Total City of Calgary | 2883 | 4426 | +1543 |
Calgary Sales:
Typically sales in January increase over December however this is not the case this year.
If I compare sales numbers to last January (which was a strong month) we are down about 37% in total sales.
Sales | Dec 2014 | Jan 2015 | Change | % Change |
Detached | 607 | 535 | -72 | -11.8% |
Attached | 252 | 190 | -60 | -23.8% |
Apartment | 223 | 155 | -68 | -30.4% |
Total City of Calgary | 1082 | 880 | -202 | -18.7% |
Calgary Real Estate Sales Prices:
Although we have seen a large increase in inventory and a large decrease in sales, the prices have changed very little so far.
Sales Prices | Dec 2014 Benchmark Price | Jan 2015 Benchmark Price | Change |
Detached | 518,600 | 518,600 | 0 |
Attached | 350,000 | 341,850 | -8,150 |
Apartment | 300,400 | 298,700 | -1,700 |
Total City of Calgary | 459,500 | 459,100 | -400 |
Sales Prices “Year to Date”
Year to date prices – Same as above as were in first month.
Sales Prices | Dec 31, 2014 Benchmark Price | Jan 2015 Benchmark Price | Change
$ |
% Change |
Detached | 518,600 | 518,600 | 0 | 0 |
Attached | 350,000 | 341,850 | -8,150 | -2.3% |
Apartment | 300,400 | 298,700 | -1,700 | -.6% |
Total City of Calgary | 459,500 | 459,100 | -400 | -.09% |
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 | Drives prices down |
Balanced Market | Between 2.8 to 4.0 | Prices typically remain stable |
Seller’s Market | <2.8 | Drives prices up |
*** Absorption Rate:
The absorption rate increased substantially for all categories. While last month we were still in a seller’s market we have clearly moved to a buyer’s market. What this would typically mean is that until things change we are seeing a high supply and weak demand which will put downward pressure on pricing as buyer’s in this market can typically negotiate better prices.
Absorption Rate | Dec 2014 | Jan 2015 | Change |
Detached | 2.46 | 4.41 | +1.95 |
Attached | 1.25 | 5.0 | +3.75 |
Apartment | 3.34 | 7.21 | +2.16 |
Total City of Calgary | 2.66 | 5.03 | +2.37 |
**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.