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

Outstanding example of service excellence

May 9th, 2011

Gord is an outstanding example of service excellence. I was going through a very difficult time and he was cheerful, helpful and extremely calming. I felt very well looked after. He, in my books, went way above and beyond in customer service. His follow through and commitment to job excellence is second to none. He made everything easy and went out of his way to ensure that casino spiele I was happy with what I got. I am happy and I highly recommend his services to anyone. I have the best real estate agent EVER. The home inspector that he arranged for me (Assured Home Inspections) was professional, thorough and completely worth the investment. I figure he saved me about $40 to $50 thousand on the first house I put an offer on and which I did not purchase. On the second house I knew exactly what I was getting into, what needed to be done and pretty much which order it needed to be done in. No surprises, no extras. Not only was the second house cheaper, but it needed way fewer, and way less critical, repairs. Kudos to both!!

Linda M. Watts

Professional and ethical…

May 9th, 2011

We would like to thank Century 21, and especially Gord Piper for the professional and ethical way the sale of our house was handled. Gord gave us suggestions on how to stage our house and we actually liked the effect better when we used his ideas. I”m sure these changes made all the difference when our house was presented to online casino nbso prospective buyers. We also felt that Gord went above and beyond, by helping us deal with the city, regarding the Survey and Encroachment Agreement. Once again thank you so much.

Kathi & Aaron Campbell

Commitment to customer service

May 9th, 2011

During our time working with Brent he regularly emphasized his commitment to customer service, and time after time he delivered. From his continual enthusiasm in showing us homes to his prompt return online casinos of messages to covering all of the details in our final purchase, Brent was totally service-oriented. Without a doubt, I would ask Brent to be our agent again for our next purchase or sale.

Ian and Tracey

Patiently helped us find our new home

May 9th, 2011

Gord patiently helped us find our new home and sell our existing place. This was no easy feat for any realtor. With the crazy Calgary market, buying a home was a challenge. My wife and I were looking for something very specific and in a very specific price range. Gord was the perfect combination of caring, patient and aggressive when he needed to be. He patiently analyzed and re-analyzed the quickly changing market for us, Quelle che trovi su questo sito appartengono a questa categoria e sono sicuramente tra le migliori slot machine gratis attualmente in circolazione. drawing up comparisons, but finally and without pressure, left it to us as to whether we should make an offer and for how much. Now we live in a new home and are very happy thanks to him. We happily and confidently recommend him to our friends and colleagues. Keep in touch.

Charles MacLean