Posts Tagged ‘Gord Piper and Associates’

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April 2021 Calgary Real Estate Market Snapshot.

Monday, May 3rd, 2021

What is really happening in the Calgary Real Estate Market? 

The market is a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you an indication of where things are really heading.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

Gord’s commentary for the month (just my opinion).

 

Wow, another huge month for Real Estate in Calgary. In addition to Detached homes being in a seller’s market position, Semi-Detached and Attached Rowhouses have joined that category leaving only Apartment condos in the balanced market territory.

 

Calgary Listing Inventory

In April we saw the inventory for homes in all sectors increase by approx. 12%

The number of new listings in April was 4670 compared to 4441 for March so a 5% increase.

It seems that most of the new listings are still immediately turning in sales.

 

Calgary Sales:

Calgary Sales are soaring.  Detached homes and Semi-Detached homes hit a record high in April.

Every category increased between 9.65%-14.3% over last month.  The only thing holding our sales from going higher seems to be the low inventory.

 

Sales Compared to 2020:

Normally this is a good category to watch however we are now comparing sales this year to when we were

in a collapsed market due to Covid and the First Shutdown.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2020 861 1190 1175 573 1080 1747 1835 80 1702 1764 1437 1199
2021 1208 1836 2903 3209                
Change +347 +646 +1729 +2639                
% change +7.49 +54.4 247% +562%                

  

Calgary Real Estate Benchmark Sales Prices:

Overall, the Benchmark Price for all sectors increased by $9,500.  The smallest increase was in the Apartment condo sector at $1,900 and the largest increase was in the detached home sector which increased by $12,800.  All other sectors were in between.  Interesting how the sectors with the lowest months of inventory are showing the highest price increases.  Truly supply and demand in at play here.

 

Current Months of Inventory (Absorption Rate): 

There was very little change in the Months of Inventory during April.   Detached and Semi-Detached decreased by .07 and .14 respectively.  Attached Row and Apartment Condos increased by .06 and .27 respectively.  With the months of Inventory where they are, I can only predict that prices will continue to increase with possibly the exception of Apartment Condos.

 

It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community, or more specific numbers for your home please contact us.

Below is a summary of numbers in chart form.  All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

Stats Photo

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Just Listed: 6 Chisholm Cres NW Calg, T2L 0Z1

Thursday, October 17th, 2019

Price Reduced – Just listed this Bright and Beautiful 4 level split with 4 bedrooms in sought after Charleswood.

MLS # C4282754

Virtual Tour:  https://youtu.be/7z5LTzfDOU8


Bright and Beautiful 4 level split with 4 bedrooms in sought after Charleswood.  Has seen substantial upgrades over the years including exterior Stucco, soffits & shingles. Interior has been freshly painted, and has an updated kitchen, baths, most windows & furnace. In 2015 sellers spent $68K on landscaping including a pad for a 24 x 24 garage.  This home offers a unique open floor plan with Vaulted ceilings on main.  Living room features an electric fireplace, gleaming hardwood and large windows bringing lots of natural light.  Kitchen offers plenty of cabinets & a large breakfast bar. Upper offers 2 bedrooms and a full bath.  3rd level offers a Walk Out, 2 more bedrooms and a 1/2 bath.  Basement if fully developed with Rec room and 3-piece bath.  Front carport, Huge yard was custom designed with a Paving stone patio, a 24 x 24 garage pad, rundle stone boulders, trees, shrubs and a sprinkler system.  All of this in the desirable community of Charleswood. Close to schools, public transportation.

For more information or a viewing contact me

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June 2012, Calgary Housing Market Snapshot

Tuesday, July 3rd, 2012

Want to know what’s really happening in the Calgary Real Estate Market.  Below you will find a summary of some key areas with a few short comments.  All stats are taken from the Realtors June stats package from the Calgary Real Estate Board.

Calgary housing market continues to perform!

Calgary Listing Inventory:  Inventory levels for all categories remained almost flat for June.

Inventory 

May  2012   

June  2012 

Change
Single   Family Home

3842

3817

-25
Condo  Townhouse    

675

693

+18
Condo  Apartment   

1222

1205

-17
Total  

5739

5715

-24

 

Calgary Sales: 

Sales decreased slightly in all categories this month.   In my opinion this was expected as we are following the same trend as last year when our sales peaked in June.  Total Residential sales however were 16% higher for the first half of this year compared to last year.

Sales

May  2012

June 2012

Change

% Change

Single Family Home

1710

1609

-101

-5.9
Condo    Townhouse  

289

253

-36

-12.4
Condo Apartment

386

340

-46

 -11.9
Total

2385

2202 

         -183 -7.7

 

Calgary Real Estate Sales Prices:  Please note that we are now using the Benchmark price for this comparison.

As the chart below demonstrates the benchmark price for all categories increased marginally this month.  In my opinion this is a very healthy market with good activity level and prices showing modest increases.

Sales Prices May  2012 Benchmark Price   

June  2012 Benchmark Price  

Change

Single Family Homes

427,500

430,800

+3,300
Condo Townhouse  

277,000

278,000

+1,000
Condo    Apartment  

245,400

246,300

+900

The absorbtion rate is the number of listings divided by the number of sales in the last month.  absorbtion rates are as follows:

Single Family Homes: 2.24

Townhouses: 2.33

Apartment Condos: 4.23

This tells me that single family homes and townhouses are moving quicker than apartment style condos.

Overall the market is now in a balanced market position  It is interesting as there are still many communities that are in a buyer’s market position as they have a higher inventory.  If you want to know how your community sit’s let me know.

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

If you find this info useful please pass on to others who will benefit.

Gord, Eric & Brent

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May 2012 Calgary Real Estate Stats Snapshot

Sunday, June 3rd, 2012
Gord Piper and Associates are proud to present a snapshot of the Calgary Real Estate Market for May 2012. Below you will find a summary of some key areas with a few short comments.  All data is taken from the Calgary Real Estate Board‘s monthly stats package.

Calgary Listing Inventory: Inventory levels for all categories increased by almost 9.0 %.  Rising inventories can be a flag for the market cooling however the sales also increased by 8.2% so we are still below a
2.5 month inventory turnover indicating a balanced market.

Inventory April  2012 May  2012 Change
Single
Family Home 		3501 3842 +341
Condo  Townhouse
 612 675 +63
Condo  Apartment
 1157 1222 +65
Total
 5270 5739 +469
Calgary Sales:
Sales increased in all categories equally this month.  What’s interesting is that for all categories combined we are 31.77% higher than the same period last year.
Sales April  2012 May  2012 Change % Change
Single Family Home 1581 1710 +129 +8.2
Condo
Townhouse 		267 289 +22 +8.2
Condo Apartment 351 386
+35		 +9.9
Total 2200 2385 185 +8.4
Calgary Real Estate Sales Prices:  Please note that we are now using the Benchmark price for this comparison.
With inventory increasing only slightly and sales increasing slightly it only makes sense that we see prices
start to rise.  As you can see below Single Family homes saw the largest increase.  I believe this is because the increase in sales activity on single family homes started a few months before condo sales started increasing.
Sales Prices April  2012 Benchmark Price May  2012 Benchmark Price Change
Single Family Homes 422,000 427,500 +5,500
Condo Townhouse 276,400 277,000 +600
Condo
Apartment 		243,400 245,400 +2,000
Overall the market is now in a balanced market position and the amount of new listings in the next month might determine the direction for the rest of the year.   It is interesting as there are still many communities that are in a buyer’s market position as they have a higher inventory.  If you want to know how your community sit’s please contact us.
Gord, Brent and Eric

 

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July 2011, Calgary Real Estate Stats at a glance

Friday, 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

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Calgary Real Estate Market Watch

Wednesday, 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.

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June 2011, Calgary Real Estate Stats at a glance

Sunday, 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

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Calgary Real Estate Board 2011 Market Forecast

Monday, January 24th, 2011

The Calgary Real Estate Board has released their market forecast for 2011.  Below I have highlighted some key areas you may find of interest.

MLS RE-SALE HOMES

MLS RE-SALE HOMES 2009 2010 2011 Forecast Change Forecaster
Single Family Sales 14,400 12,095 14,500 19.9% CREB
Single Family Listings 22,459 25,709 25,000 -1.6% CREB
Single Family Average Price $442,327 $461,144 $480,000 4.1% CREB
Condo Sales 6,328 5,181 6,000 15.8% CREB
Condo Listings 10,323 11,423 10,000 -12.5% CREB
Condo Average Price $283,734 $289,697 $295,900 1.8% CREB
Town sales 3,943 3,525 4,000 13.5% CREB
Town Listings 8502 8828 9,000 2.0% CREB
Town Average Price $352,704 $359,327 $368,500 2.6% CREB

 

New Homes

New Homes 2009 2010 2011 Forecast Change Forecaster
Starts – Single Family 4,200 5,600 6,000 7% CREB
Starts – Multi Family  1,350 3,600 4,000 11% CREB

ECONOMIC INDICATORS

Economic Indicators 2009 2010 2011 Forecast Change Forecaster
GDP -2.8% 2.7% 4.15 1.4% Govt of Alberta
Calgary Net Migration 12,920 -4,154 10,000 340% CREB
1 Year Mortgage Rate 4.05% 3.83% 3.5% -.33% CMHC
5 Year Mortgage Rate 5.5% 5.75% 5.75% 0 CMHC
Oil Price (USD) $60/BBl $79.BBL $90/BBL 13.9% Govt of Alberta
Gas Price (USD) $3.75/NMBTU $4.00/NMBTU $6.00/NMBTU 50% Govt of Alberta
Calgary Employment Growth -1.4% 1.3% 2.0% .7% City of Calgary

 

The entire package with detailed explainations is availiable at CREB FORECAST. COM

If you have specific questions about this report or about the Market today please contact me directly.

Brought to you by Gord Piper and Associates.

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10 things to do before putting your house up for sale

Sunday, January 16th, 2011

Properly preparing your home for sale can increase its value dramatically and can reduce the amount of time it take to sell your home.   Homebuyers judge your home the minute they walk in and if you don’t catch their interest in the first 10 seconds you probably won’t.   Following are 10 things you can do to make sure you sell your home quickly for top dollar.  

Gord’s Top 10

  1. Keep it Clean:  Is every room neat, spotlessly clean and dusted.
  2. Lose the Clutter:  Have a yard sale, donate or simply start packing.  The less items in your house the larger your house will appear.  You are going to pack when you move anyway so why not start now.
  3. Create the Illusion of space:  Once you have de-cluttered it’s time to re-organize.   Ensure none of your furniture is blocking doorways. Is there excess furniture that can be stored while your home is for sale.  In home staging less is more!
  4. De-Personalize your home:  Make your home “anonymous’ so so that buyers can envision it as their home. 
  5. Freshen it up:  Are there low cost items that can be replaced to give it a fresh look?  In many cases the best investment is some paint!
  6. Make a Good First Impression:  Walking into a home with fingerprints on the door, clutter in the entranceway etc. can influence a potential homebuyer`s decision. 
  7. Enhance Curb Appeal:  Paint or wash the outside of your home, keep your lawn trimmed and flowerbeds weeded.  Clear the driveway of toys and or trash.
  8. Make modern Choices:  make sure that the decor of your home is modern and tasteful.  Replace dated furniture, wall coverings and window coverings. 
  9. Relocate the Pets:  Take your pets with you when your house is being shown.  Make sure your house is odor free and spotless and that pet toys are put away.
  10. Beautify the backyard:  Buyers will typically go out into the back yard so this area should also be in top shape.  Keep the lawn, hedges and flowerbeds manicured. Try to create an entertaining area with patio furniture.

The Ultimate test to see if you are ready.

 Go outside to your street and transform yourself info a Buyer for  10 minutes – walk up to and enter the home – then walk through your home looking from an outsiders perspective – is anything out-of-place, anything appear broken – this gives you a new perspective as you routinely come home and things just blend in after a while. Look at your home from a buyer`s perspective as buyers certainly will.

These tips brought to you by Gord Piper and Associates.  For more information on how to stage your home and get top dollar for your investment please contact us.

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Getting married? Calgary Wedding Fair/Bridal Fair 2011 is a must attend!

Wednesday, January 5th, 2011

Gord Piper and Associates will have an exhibitor booth at the 2011 Calgary Wedding Fair.  If you”re attending please drop by booth #14 and say hi.  Enter to win Air Miles and more.

 

Calgary Show Information

Calgary”s largest and longest running Bridal Fair® !

 The Wedding Fair is the most popular bridal show in Alberta.

 Sunday, January 23, 2011
BMO Centre – Stampede Park
Exhibition Hall open from 9:30 a.m. to 5:30 p.m.
Fashion Shows at 11:00 a.m., 2:00 p.m. & 4:00 p.m.

Attending Calgary Bridal Fair/Wedding Fair will help ease some of the pressure of planning a beautiful wedding by allowing you to compare, taste, touch and see what Calgary and areas top wedding specialists have to offer – all in one convenient location.  Calgary Bridal Fair/Wedding Fair brings you the latest trends and gives you the opportunity of connecting with the service providers you need to create your special day. You will also experience a professionally choreographed fashion show displaying the latest  wedding fashions.  Bring your girlfriends, mom, and even your fiancé and enjoy the day.  Each bride will receive a complimentary copy of Calgary Bridal Guide and will have the opportunity of purchasing the latest copy of Weddingbells Magazine for the discounted rate of $2.00.

 Tips for Attending a Bridal Show

 Register online and save 2.00 per ticket!  If you don”t register online, make sure you register when you arrive at the show.  Registering will enter you into all the prize drawings and you will receive  a complimentary copy of Calgary Bridal Guide.

  1. Create a temporary email address to be used while you are planning your wedding.  This way you can delete it when you no longer are interested in receiving special offers or hearing from the vendors.
  2. Bring adhesive address labels.  This will save you a lot of time when you enter for prizes at each booth. Most exhibitors will want to know your wedding date so make sure to add this information to your label along with your email address.
  3. Allow yourself three hours  to visit the exhibits and watch the exciting fashion show.
  4. Ask lots of questions, that”s what the exhibitors are there for!
  5. Bring your cheque book or credit card in case you decide to book services or hold dates with a deposit. Be sure to check on refund policies before giving any money, and read the contract carefully before signing.
  6. Collect any information you are interested in – take it home to look over again when you have some quiet time.
  7. If you cannot attend, send someone in your place to register you for prizes and collect information on services you need.
  8. It is nice if your fiancé attends with you and he will enjoy the “Groom’s Room”.  Each year many guys attend, so he won”t be the only one there!
  9. Wear comfortable shoes and have a great time!

Relax and have fun – this is your wedding.

Hope to see you there!

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