October Monthly Housing Stats Report at a glance!

November 2nd, 2011

Trying to make sense of the Calgary Real Estate market?

Below I have reported key indicators on what is really happening in the Calgary Real Estate market.  All numbers are taken from the Monthly Stats report for Realtors prepared by the Calgary Real Estate Board.

Here is October’s summary.

Calgary Listing Inventory:  Inventory levels for Both Single Family homes and Condo’s decreased this month.  Inventory levels have moved both up and down so it is not showing a definite direction.

Inventory September 2011 October Change
Single Family Home 4753 4486 (267)
Condo’s 2008 1935 (73)
Total 6761 6421 (340)

 Calgary Sales: 

Calgary Single Family home sales for the month of October showed a slight decrease.  Sales for Condos,  however decreased by about 15% from September.   Sales numbers dropping is very normal at this time of year as the peak selling season is typically April through June.  Interestingly, sales for single family homes and condos beat sales levels for October 2010 and we are on track to have higher sales in 2011 than in 2010.       

Sales September 2011 October Change
Single Family Home 1036 988 (48)
Condo’s 429 368 (61)
Total 1465 1356 (109)

 

Calgary Real Estate Sales Prices:    For October Median prices for Single Family homes decreased by $5.000 while condo’s increased by $2,625.00 over September.  We seem to be bouncing up and down every month but overall prices are remaining fairly stable.      

Sales Prices September Median Prices October Change
Single Family Homes $400,000 $395,000 (5,000)
Condo’s $260,000 262,625 +2,625

 The median sales price of Single Family homes in January was 390,000 so we are up $5,000 for the year.

The Median sales price of Condos in January was $255,000 so we are up $7250 for the year.

Overall we are still in a buyer’s market where buyers have lots of selection and buyers although buying are looking for value.

If you have any questions about this summary please contact us.   

Gord Piper, Brent Wilcox & Eric Dennis

Save money this winter by making your home more efficient!

October 30th, 2011

Winter is starting its slow creep back into our lives. The days are getting shorter, the nights are getting colder, and forecasters are predicting a chilly, stormy winter.

As you prepare to crank up the fireplace, put heavy blankets on your
bed, and take your sweaters out of storage, consider preparing your home as
well. Many homeowners are taken by surprise every year when they receive that
first big heating bill, but there are lots of easy ways to get your home ready
for Old Man Winter.

Give your furnace some TLC.

Many homeowners don’t know that a furnace needs to be serviced once a year.  A technician will inspect your furnace, clean the burners, and make sure that it’s working as efficiently
as possible. Also, don’t forget to change your filter every one to three months, depending on how much you use it. When your filter is dirty, your furnace has to work harder to heat your home. Furnace filters are inexpensive and easy to install.

Install a programmable thermostat.

For between $50 and $200, a programmable thermostat can save you every month on
your heating bill. Programmable thermostats allow you to set schedules for
increasing or lowering temperatures. For example, instead of heating your home
all day while you’re at work, you can set the thermostat to come on 15 minutes
before you come home. Also, a programmable thermostat can be set to lower the
temperature at night or while you’re on vacation.  Programmable thermostats are available at any Home Depot, Revy or even Canadian Tire and are simple to install.

Only heat the rooms you use.

Do you have a guest room or office that is rarely used? Close the vent or turn off the baseboard
heater and shut the door. There’s no reason to heat a room that nobody is
using. Have a gas fireplace in the living room? If you spend your evenings in
the living room, turn off your furnace and use only the fireplace to heat the
room.

Check for drafts.

Windows and doors can let lots of heat out. Add kasino iden vertailu voi olla aloittelevalle pelaajalle hankalaa ja sopivan ensikasinon valitseminen uuvuttavaa. inexpensive weather-stripping around doors and window seals to keep heat in. Consider upgrading insulation or replacing single-pane
windows in older homes.

Ask the experts.

Your local utility company offers energy audits. Check their website for dates and times
they’ll be in your neighborhood. If your utility provider doesn’t offer this
service, many not-for-profit organizations or government entities do. An auditor
will visit your home and make recommendations for energy-saving improvements of
all types.

Rebates – Save even more money!

If you decide to make major improvements to your home this winter, check for
rebates. Local, Provincial,  and federal governments often offer tax breaks or
rebates for energy-saving upgrades, as do many utility companies. Research
offers online, at your local hardware store, or with the contractor who will be
doing the work.

Implementing these changes to your home is not only good for the environment, but you’ll also end the winter with more money in your pocket.

September 2011, Real Estate Market Snapshot

October 2nd, 2011

Tired of sorting through all the reports and want a snapshot of whats happening in the Calgary Real Estate Market.  All data below has been taken from the Calgary Real Estate Boards monthly September 2011  Stats package for Realtors.

When trying to understand the market all we really need to know is supply and demand – the inventory and sales.  Of course you might want to know about prices too but what happens with prices is dependent on inventory and sales.  Below you will find this helpful information with a few of my own comments.

Calgary Listing
Inventory:
Inventory levels for both Single Family homes and Condo’s increased only marginally this month and going  up and down so it is not showing a definite direction.

Inventory August
2011
September
2011
Change
Single Family Home 4573 4753 +180
Condo’s 1997 2008 +11
Total 6570 6761 +191

Calgary Sales:

Calgary sales for the month of September showed small decreases
for single family homes and for condos. Sales numbers dropping is very normal at this time of year as the peak selling season is typically April through
June.  Interestingly, sales for single family homes in September were 10.6% higher than in Sept 2010 and sales for Condo’s were 17.2% higher than in 2010.     

Sales August
2011
September
2011
Change
Single Family Home 1106 1036 (70)
Condo’s 468 429 (39)
Total 1574 1465 (109)

Calgary Real Estate Sales Prices:

For September Median prices for Single Family homes decreased by $2,251 while condo’s increased by $5,000 over August.  We seem to be bouncing up and down every month but overall prices are remaining stable.

Sales Prices August
Median Prices 2011
September Median Prices Change
Single Family Homes $402,251 $400,000 ($2251)
Condo’s $255,000 $260,000 +$5,000

Overall we are still in a buyer’s market – however a slightly stronger Buyers market than last month with inventory going up and sales going down our turnover rate has increased.

If you have any questions about this summary, the attached
stats package or any Real Estate questions please feel free to contact us.

Free no obligation Home Evaluation

Gord Piper & Brent Wilcox

CIR Realty

What’s happening in the Calgary Real estate market?

September 3rd, 2011

This report gives you information on all the important indicators on whats happening in Calgary.  Real time, Real Estate Market stats at a glance for the Month of August 2011.  These stats  break the market down into what’s important and eliminates all the extra. Data is from the August Calgary Real Estate Boards Monthly stats package.

Calgary Listing
Inventory:
Inventory levels for Both Single Family homes and Condo’s stayed very flat this month.  This is generally a good number however with sales levels it would balance the market a little more if our inventory dropped slightly.

Inventory July
2011
August
2011
Change
Single Family Home 4630 4573 (57)
Condo’s 2003 1997 (6)
Total 6633 6570 (63)

Calgary Sales:

Calgary sales for the month of August showed marginal decreases for single family homes and a slight increase for condos. Sales numbers dropping is very normal at this time of year as the peak selling season is typically April through June.  Interestingly
sales in August 2010 were 865 Single family homes and 468 condos for a total of
1333 showing an increase of 18% this year over last.    

Sales July  2011 August
2011
Change
Single Family Home 1153 1106 (47)
Condo’s 453 468 +15
Total 1606 1574 (32)

Calgary Real Estate
Sales Prices:
Median prices for Single Family homes decreased by $6,749 and condo’s decreased by $14,000 in August.  To me this is not alarming as the direction is not a trend.  We seem to bounce up and down every month but overall prices are remaining fairly stable.

Sales Prices July
Median Prices
August 2011 Change
Single Family Homes $409,000 $402,251 ($6749)
Condo’s $269,000 $255,000 ($14,000)

Overall we are still in a buyer’s market – this month we moved slightly more in favour of buyers as our inventory stayed flat while sales did show a slight decrease therefore increasing our absorption rate.

Check out our new technology – we can now send you a custom monthly report including, active listing, sold listings, days on market and much more –with easy
to understand graphs all based on your home by the postal code you enter. All
you have to do is sign up and once we approve you will get your own personal Market Snapshot. Simply Click here to sign up: www.calgaryareasolds.com

If you have any questions about this summary, the attached
stats package or any Real Estate questions please feel free to contact us
anytime.

Gord & Brent & Eric

Housing Market Outlook, Canada

August 26th, 2011

Check out this report produced by CMHC (Canadian Mortgage and Housing Corporation.

It provides us with a detailed outlook in all areas of the housing Industry.  Not only does it talk about Canada it drills down to each province.  click here to view Housing Market Outlook Report Third Quarter. 

For a more detailed report on Calgary’s Housing market please contact me.

July 2011, Calgary Real Estate Stats at a glance

August 5th, 2011

Tired of trying to figure out whats happening in the Calgary Real Estate Market.   Below you will find a summary of some key indicators with a few short comments that will give you a clear indication of how the Calgary Real Estate market is performing.  This information is taken from the Calgary Real Estate Boards monthly stats package for realtors and is provided for you by Gord Piper and Associates.  If you would like to see the entire report contact us.

Calgary Listing Inventory:  Both Single Family homes and condo’s decreased marginally this month.     

Inventory June 2011 July 2011 Change
Single Family Home 4744 4630 Decrease of 114
Condo’s 2023 2003 Decrease of 20
Total 6767 6633 Decrease of 134

 

Calgary Sales: 

Calgary sales for the month of July showed decreases for both single family and condos. This is very normal as the peak selling season is typically April through June.  Of interest, even though sales numbers decreased in July our sales were still substantially higher than last July.     

Sales June 2011 July  2011 Change
Single Family Home 1398 1153 Decrease of 245
Condo’s 581 453 Decrease of 98
Total 1979 1606 Decrease of 373

 

Calgary Real Estate Sales Prices:    Prices for Single Family homes decreased slightly while condos increased very slightly this month.  Both seem to be remaining fairly flat with slight ups and downs but not heading in any one direction.    

Sales Prices June Median Prices July Median Prices Change
Single Family Homes $417,250 $409,000 Decrease of $8,250
Condo’s $265,000 $269,000 +$4,000

 

Overall we are still in a slight buyers market – this month we moved slightly more in favour of buyers as our inventory decreased only marginally while sales did show a decrease therefore increasing our absorption rate.

If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us anytime.  

Gord Piper  & Brent Wilcox

CIR Realty

Calgary Real Estate Market Watch

July 20th, 2011

Are you tired of getting general or old information about the Calgary Real Estate Market?

Want to keep up to date with today’s market?

We are pleased  to offer you a new free market report delivered to your email  bi-weekly, monthly or bi-monthly – your choice.   The great thing about this report is you are in control – the information sent is based on what you ask for. 

The report is based on the postal code you enter and provides you with graphs, data on listings, sold listings and days on market.  You can even drill down and look at specific sold listings.

To view a sample report: Click here to see the report

If you like what you see and would like to set up your own Market Report go to www.calgaryareasolds.com

We will send you no other unsolicited info – just what you ask for.  You can also unsuscribe anytime!

Courtesy of Gord Piper and Associates with CIR Realty.

For more information contact us.

June 2011, Calgary Real Estate Stats at a glance

July 3rd, 2011

Want to know  instantly whats happening in the real estate market in Calgary.  Below you will find a summary of some key areas with a few short comments.  All stats are taken directly from the Calgary Real Estate Boards monthly stats package for June 2011.  These highlights are all you need to stay informed.  Provided to you courtesy of Gord Piper and Associates.

Calgary Listing Inventory:  As shown below our inventory in Calgary Metro increased marginally this month.   

Inventory May  2011 June 2011 Change
Single Family Home 4616 4744 128
Condo’s 2092 2023 (69)
Total 6708 6767 59

 Calgary Sales: 

Calgary sales for the month of June showed increases in both single family and condos. Of interest, this is the first month all year where condo sales beat the number of condo sales in the same month of last year.  Single family homes have done this for a few months After years of research and testing the new system is designed to provide learner drivers with all the training, resources and qualified bronx driving schools instructors required to become a licensed driver. now.    

Sales May 2011 June 2011 Change
Single Family Home 1313 1398 85
Condo’s 503 581 78
Total 1816 1979 163

 

Calgary Real Estate Sales Prices:    Prices for Single Family homes and for condos decreased very slightly this month.  It’s interesting that for the last 3 months prices of single family homes have been almost flat at 420,000, 423,000 and 417,250.   Condos have stayed between $260,000 and $270,000 for the last 3 months.   This makes sense as our inventory is holding steady and sales are strong.  

Sales Prices May  Median Prices June Median Prices Change
Single Family Homes $423,000 $417,250 ($5750)
Condo’s $269,250 $265,000 ($4,350)

 Overall we are still in a slight buyers market. 

If you have any questions about this summary, or would like to receive the entire stats package or have other Real Estate questions feel free to contact us.  

Gord Piper and Brent Wilcox 

CIR Realty

Welcome to 6212 Bow Crescent

June 9th, 2011

Recently listed with Gord Piper and Associates this is a one of a kind property.  The Lot itself backs onto the Bow river and is 50 feet wide by 230 meters deep plus the opportunity to own more depth.  The home is large is over 2800 square feet and offers 4 bedrooms up and one down.  Over the years this home has seen many renovations. To view more details about this property click here!

Stunning River Views

For more details contact Gord Piper and associates with CIR Realty at 403-861-2256

May 2011, Calgary Real Estate Stats

June 3rd, 2011
Calgary Real Estate Board Stats for the month of May have been published and here is our summary  of some key areas with a few short comments. 

Calgary Listing Inventory:  As shown below our inventory in Calgary Metro increased by 308 listings this month.   This is very typical to see listings rise as spring arrives.  

Inventory  April  2011 May 2011 Change
Single Family Home 4395 4616 +221
Condo’s 2005 2092 +87
Total 6400 6708 +308
 Calgary Sales: 

Overall Calgary sales for the month of May increased slightly from April.  Single family home sales increased while condo sales decreased ever so slightly.  Interesting enough sales of Inner city homes increased by almost 4%    

Sales April 2011 May 2011 Change
Single Family Home 1217 1313 +96
Condo’s 535 503 -32
Total 1752 1816 +64
 Calgary Real Estate Sales Prices:    Prices for Single Family homes increased by $3,000 this month while condos increased by $8,500.  This makes sense as our inventory is holding steady and sales are remaining steady.  

Sales Prices April Median Prices May Median Prices Change
Single Family Homes $ 420,000 $423,000 +$3,000
Condo’s $260,000 $268,500 +$8,500
  

Absorption Rate:  When looking at Real estate stats it is imperative to look at the absorption rate.

Absorption rate is simply the total inventory divided by the number of sales in the last month.  An absorption rate of between 2.3 to 4.0 months reflects a balanced market while a higher rate reflects a buyer’s market and therefore a lower rate reflects a seller’s market.  From the chart below you can see that we are still in a slight buyers market.

 May Absorption Rate Chart

If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.  

Gord Piper  & Brent Wilcox                                                                                                                                                     

CIR Realty

403-861-2256