Posts Tagged ‘real estate market’

Your Home at a glance

Friday, January 2nd, 2015

Have 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

Sept 2012 Calgary Real Estate Market Snapshot

Thursday, October 4th, 2012

Here is a quick summary of some key areas including inventory, sales, prices and absorption rate with a few short comments about the Calgary real estate market for September 2012.  All numbers are taken from the statistics package created by the Calgary Real Estate Board for Realtors.

Calgary Listing Inventory:  Inventory levels for all categories decreased slightly again in September. Last year this was the time when our inventory was increasing rapidly so seeing a slight decline is a good sign and shows stability in the Calgary market.

Inventory 

Aug  2012 

Sept  2012 

Change

Single Family Home

3535

3486

-49

Condo    Townhouse

584

548

-36

Condo    Apartment

1065

1064

-1

Total

5184

5098

-86

 

Calgary Sales: 

Sales decreased marginally in all categories this month.  In my opinion this is simply a seasonal adjustment.  What I am seeing (especially in Single Family homes) it is hard to find good homes for clients due to low inventory levels.   Last year’s sales in September were 1461 and this year we sold 1617 homes showing a 10.6% increase this year over last.

Sales

Aug  2012   

Sept  2012

Change

% Change

Single   Family Home

1169

1132

-37

-3.2%

Condo  Townhouse

241

209

-32

-1.3%

Condo   Apartment

315

276

-39

-1.3%

Total

1725

1617

-108

-6.2%

 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 stayed flat this month.  In my opinion this is a very healthy market with good activity level and prices showing modest increases.

 

Sales Prices Aug  2012 Benchmark Price   

Sept  2012 Benchmark Price  

Change

Single   Family Homes

432600

432,900

+$300.00

Condo   Townhouse

278200

277,700

-$500.00

Condo  Apartment

248700

249,300

+$600.00

Absorption Rate (Months of Inventory) – Yes a new category!

The absorption rate is the inventory divided by the number of sales in the last month.

What does this mean you might ask?

An absorption rate of below 3.0 indicates a Seller’s Market

An absorption rate of between 3.0 to 4.0 indicates a Balanced Market

An Absorption rate of above 4.0 indicates a Buyer’s Market.

 

Absorption Rate   Aug  2012    

Sept  2012  

Change

Single   Family Homes

3.02

3.08

+.06

Condo   Townhouse

2.42

2.62

+.2

Condo  Apartment

3.38

3.85

+.47

Total   Calgary

3.01

3.15

+.14

 

Overall we are in a balanced market and leaning towards a seller’s market.  Please note that these numbers do change by community.  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 anytime.

If you know anyone else who might enjoy seeing our monthly summary please feel free to pass it on.

Gord, Eric & Brent

What’s happening in the Calgary Real estate market?

Saturday, 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

Friday, 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.

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

Calgary Real Estate Stat’s October 2010

Sunday, October 31st, 2010

Welcome to our new Blog! 

Within our blog it is our intention to share news and information related to Real Estate in Calgary.   Today we have for you a summary of some important stat’s taken from the Calgary Real Estate Boards October 2010 monthly Stats package.   These key areas give you a good snapshot of the Calgary real estate market.

Calgary Listing Inventory:  Inventory showed a decrease again this month.  We have seen steady inventory decreases since June when we peaked at 9080 listings within Calgary.

Inventory  Sept  October Change
Single Family Home 4880 4528 – 352
Condo’s 2204 2042 – 162
Total 7084 6570 – 514

 

Calgary Sales:  Sales are very similar to September Sales but are again down from last year’s sales.  

Sales September October Change
Single Family Home 958 999 + 41
Condo’s 366 310 – 56
Total 1324 1309 – 15

Calgary Real Estate Sales Prices :   For this summary,  I will focus only on the Median Sales Price as the average can be skewed by Realtors selling more of less million dollar homes and should be a better reflection of the market.  As you can see below single family homes dropped by $2100.00 and Condo’s dropped by $10,000 – It is important to note that in August Condo prices increased by $5,000 so this is partly just a bounce back.

Sales Prices Sept Median Price October Median Price Change
Single Family Homes $390,000 $387,900  $2,100.
Condo’s $265,000 $255,000  $10,000

Personally we have noticed that in the last couple of weeks the activity has increased and the sales in the last week of this month  showed that with sales of 354 listings compared to the previous week with sales of 275 listings. 

If you have any questions about this summary,  or have any suggestions to other information you would like to see here please Contact us

Gord Piper and Brent Wilcox are Realtors with Century 21, The Professionals which is conveniently located within the Northland Village Professional Centre in Northwest Calgary.