Posts Tagged ‘sell my home calgary’

How to Discourage Buyers from Buying Your Home

Thursday, May 16th, 2013

Selling a home in Calgary is very competitive. If you’re listing your home

for sale, then of course you’ll want to make the best impression possible

for potential home buyers. But, just to have a little fun, say you don’t want

 to sell your property. What could you do to discourage those who view

your home? 

Well, you could have your pets in the home during showings. That will

certainly make it uncomfortable for some buyers – especially those

with pet allergies. 

You could also leave personal items around, such as family pictures

and trophies. That will make it more difficult for a buyer to imagine

himself and his family living there. It might even make him feel a bit

like an intruder! 

Clutter in bedrooms, closets and other areas of the home will make

those spaces feel less spacious than they really are, as well as make

visitors feel uncomfortable. 

If you really want to turn off a buyer, then put off doing any minor

repairs. A dripping tap, torn carpet, flickering lights, dent in the wall,

 or other maintenance issues are certain to gain a buyer’s attention.

 If all that doesn’t shoo away a buyer from your home, then stick

around during a viewing and follow him and his family from room to

room telling them everything you can about your home.  That will

certainly make him feel uneasy.

 Of course, we’re just having a bit of fun here. When you put your

home on the market, you want to sell it!

 It’s easy to avoid all the pitfalls described above and ensure potential

buyers appreciate the full value of your home.

 So when you’re preparing for showings, think of ways you can make

your property appear its best, and make the buyer feel welcomed and

comfortable viewing it.

 

Calgary Real Estate Market Snapshot for November 2012

Sunday, December 2nd, 2012

Prices in Real Estate are simply a function of supply and demand,  Below you will find a summary of some key areas such as inventory(supply) and Sales (demand) with a few short comments along with what happened to prices this month.  All numbers were taken from the November stats package prepare for Realtors by the Calgary Real Estate Board.

The Calgary housing market stayed steady for the month of November 2012.

Calgary Listing Inventory:  Inventory levels for all categories decreased again in November.  Seeing our inventory decrease is very normal at this time of year as many people like to wait until after Christmas and into spring to list their homes.

Inventory 

Oct  2012    

November  2012 

Change

Single Family Home

3114

2586

-528

Condo    Townhouse

506

426

-80

Condo    Apartment

985

819

-166

Total

4605

3831

-774 or 16.8%

 

Calgary Sales: 

Sales decreased in all categories this month.   This is a very normal trend as people start to focus on Christmas and put off their home buying until the New Year.  The key here is that although sales decreased by 12.5% the number of listings on the market decreased by 16.8% meaning the market is still very strong.  Also, it is interesting to note that total sales Kaikki mainitut pelinvalmistajat ovat eurooppalaisia ja myos kaikki taman sivun casinot toimivat euroopassa eurooppalaisella lisenssilla. in Calgary were 8.3% higher than in November 2011.

Sales

Oct  2012

Nov  2012

Change

% Change

Single   Family Home

1174

1006

-168

-14.4%

Condo  Townhouse

219

198

-21

-9.6%

Condo   Apartment

272

253

-19

-7.0%

Total

1665

1457

-208

-12.5%

 

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 this month with the largest increase again in Single Family homes.   In my opinion this is a very healthy market with good activity level and prices showing modest increases. We are however starting to see competing offers in some situations mostly in inner city single family homes.

 

Sales Prices Oct   2012   Benchmark Price  

Nov  2012 Benchmark Price  

Change

Single   Family Homes

433,300

433600

$300

Condo   Townhouse

279,000

282800

$3,800

Condo  Apartment

247,000

248,000

$1,000

 

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

A rate of below 3.0 indicates a Seller’s Market

A rate of between 3.0 to 4.0 indicates a Balanced Market

A rate of above 4.0 indicates a Buyer’s Market.

Absorption Rate  

Oct  2012  

Nov 2012

Change

Single   Family Homes

2.65

2.57

-.8

Condo   Townhouse

2.31

2.15

-.16

Condo  Apartment

3.62

3.24

-.38

Total   Calgary

2.76

2.63

-.13

 

As you can see above Apartment condos are still in a balanced market place while single family homes and townhouses are now in a seller’s market.

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 please contact us.

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

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

Have an awesome day!

Gord, Eric & Brent

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

 

February 2012 Calgary Real Estate Market Report

Friday, March 2nd, 2012

Real Estate in Calgary and specifically in Calgary Northwest has picked up the pace substantially.   If you are looking for information specific to your home I would be happy to offer a free no obligation home evaluation.  

 All the numbers below are taken from the Calgary Real Estate Board’s statistics package for Realtors.  Below you will find a summary of some key areas with a few short comments.   

Calgary Listing Inventory:  Inventory levels for both Single Family homes and Condo’s increased this month.   This movement is normal for this time of year and we will most likely see this trend continue for the next several month.  

Inventory   Jan 2012    Feb  2012  Change
Single Family Home 2980 3093 +113
Condo’s 1449 1643 + 194
Total 4430 4736 +306

 

Calgary Sales: 

Calgary Single Family home and Condo sales saw substantial increases in February.         

Sales January 2012 February  2012 Change
Single Family Home 764 1284 + 520
Condo’s 305 453 + 148
Total 1078 1737 + 659

 Calgary Real Estate Sales Prices:  Please note that this section has changed so the numbers look much different from last month.  In the past the numbers I have always used was the median price as this was in my opinion more accurate than simply using an average.  The Canadian Real Estate Association along with the Calgary Real Estate Board have now introduced the MLS Home Price Index which they believe is more accurate than using the Median price and will show less false increases and decreases.  For the purpose of this I will use their benchmark price – what an average home would sell for.  As you can see by the numbers all categories of housing in Calgary increased in the month of February which makes sense to me as the inventory is up only a little and our sales are up substantially.

Sales Prices January Benchmark Price Feb 2012 Benchmark Price   Change
Single Family Homes 422600 427,000 +$4,400
Condo Townhouse 287,900 288,600 + $700.
Condo Apt Style 237,500 242,900 +$5,400

Overall the market has changed from a strong buyers market to a balanced Market and when I look community by community many popular communities are in a seller’s market position now.

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

Gord, Eric & Brent

403-861-2256

December 2011, Monthly Housing Stats Report

Monday, January 2nd, 2012

What”s happening in the Calgary Real Estate market?

  The stats below are taken from information supplied to realtors through the Calgary Real Estate Board.  As Real Estate is all about supply and demand that is what this article will focus on :

  • Our Inventory
  • Our Sales
  • and of course Prices

  As we are at a year-end I am providing both monthly and then yearly results.

Calgary Listing Inventory:  Inventory levels for both Single Family homes and Condo’s decreased substantially this month.   This movement is normal for this time of year as many people do not want their home on the market during the holiday season.  Expect that starting January our listing inventory will start to creep upwards.

Inventory   November 2011  December  2011 Change
Single Family Home 3761 2761 Decrease of 1000
Condo’s 1676 1287 Decrease of 389
Total 5437 4048 Decrease of 1389

 Calgary Listing Inventory year to date.  Very Similar numbers compared to last year.  

Inventory  Dec 2010  December  2011 Change
2712 2761 49
Condo’s 1429 1287 -142
Total 4141 4048 -97

Calgary Sales: 

Calgary Single Family home sales and Condo sales for the month of December declined slightly from November.  Again the holiday season can account for this trend.         

Sales November 2011 December 2011 Change
Single Family Home 962 722 -240
Condo’s 391 310 -81
Total 1353 1032 -321

Calgary Sales Year to Date

Sales for both single family homes and condos showed an increase over 2010, a very positive sign moving forward.

Sales Total  2010  Total  2011 Change % Change
Single Family Home 12,091 13,186 1095 9.06%
Condo’s 5,176 5,382 206 3.98%
Total 17267 18,568 1301 7.53%

Calgary Real Estate Sales Prices:  In 2011 Single family home prices decreased by $9,175 while the median price of condo’s increased by $5,875.  The median prices are not showing any certain direction but are bouncing up and down every month.  Let’s look at the year to date numbers download free action game for girls below to really see what’s happening.

Sales Prices November Median Prices December  Median Prices Change
Single Family Homes $402,925 $393,750 -$9,175
Condo’s $252,000 $257,875 $5,875

 *** Calgary Real Estate Sales Prices Year to Date

As you can see from the chart below the Median Sales price of both single family homes and condos remained almost constant this year.  We had a bit of a roller coaster with prices bouncing up and down but they are not showing a single direction.

   End of 2010 End of 2011 Change % Change
Single Family Homes  $389,000 $393,750 $4,750 1.2%
Condo’s  $260,000 $257,875 -$2.125 -.82%

 

Forecast for 2012

On the 18th of January the Calgary Real Estate Board put’s on their annual forecast breakfast where they bring in experts and share the forecasts for 2012.  As soon as the forecasts are available I will summarize for you.  

If you have any questions about this summary, or would like a full copy of the December Stats package please contact us

Gord, Eric & Brent

Check out our new Market Snapshot – a monthly look at active and sold listings in your community.

Should I sell my home now or wait till Spring?

Friday, December 2nd, 2011

As a Real Estate agent in Calgary for 10 years I cannot tell you how many times I have heard clients say that they are going to wait till spring to sell their home.  Read on to find out if this myth is true?

Yes it is true that Spring always brings out more buyers so there is more activity in the market.

Yes it is also true that Spring brings out more sellers so the competition is also more fierce.

In my opinion every year is different and you cannot predict the future with 100% certainty.  If you wait till spring more sellers may come out than buyers in which case you would be at a disadvantage by waiting till spring. 

The key ratio you want to look at is the Inventory turnover which is simply  the Total number of listings divided by the number of sales for the last 30 days.   This gives you a number called Inventory Turnover or Absorption rate.  The lower the number the better the market is for sellers.

To find out current numbers please contact your favourite Realtor.

Gord, Eric and Brent

CIR Realty