Geoff Antrum &    Matt Antrum Welcome to Search Calgary Homes

Calgary Move-Up Buyers! Why it May be a Good Time to Buy and Sell in Calgary in 2016

Sat, 03 Oct by Geoff Antrum & Matt Antrum (Father & Son Team)

CIR_newLogo_final As media outlets are currently busy focusing on Canada’s downturned market, technical recession, and the hit to our economy  due to low oil prices, many Calgarians are receiving the message that “the sky is falling”. However, while we all need  to  sympathize with Albertans who are having difficult times, families also need to look at their own situation and if you need to  “Move-Up” due to an expanding family then you should not be in a “hold mode” due to the negative news.

In reality, this is a very good time to move up in the Calgary housing market. For example, let’s take a young couple living in a townhouse or starter home that want to expand into the larger family home market. The townhouse may not have moved up in price over the past 12 months, however the family home you plan to buy has not moved in price, either. The “price differential” has not change from this time last year, i.e. the family home price minus the townhouse price is essentially the same. Even if home prices have dropped 2% or 3 % in past 12 months, the “price differential” is steady.

The other good news is mortgage rates have come down over the past 12 months. Right now Buyers have the best opportunity for very low mortgage rates. For example, a five year fixed rate has dropped down to 2.50% (today’s rate) from approx. 3.00% (12 months ago). These low mortgage rates can translate into large savings on your overall monthly payments. Are you curious just how much you may save? Please contact us for your pre-approval needs.

Obviously, as a seller you have to be realistic when you list your home and price is key to selling, as this also applies to the home you will be buying.

REALTOR© Tip for Calgary Move Up Buyers: It is optimal to have your home listed with a firm Offer in place before you buy your next home. This reduces stress and allows you to be in financial control. Speak to your REALTOR© about planning the sale of your home and purchase. The timing & planning of your “Move Up” is essential.

Breaking into Calgary Real Estate Market in Late 2014.

Mon, 29 Dec by Geoff Antrum & Matt Antrum (Father & Son Team)

Breaking into Calgary Real Estate Market in Late 2014. What Do Buyers Need to Know?

World Oil Prices are beginning to slow the market and CREB (Calgary Real Estate Board) has indicated (Dec 10, 2014) that we are moving into a Balanced market where house prices will stabilize in 2015.

Please check out the Chart (see below) for “Average Sold Price” in Calgary.

Possible predictions for 2015 house prices in Calgary:

Oil price recovers to $100 a barrel: house prices will probably continue to rise, like 2014.

Oil price stabilizes at $70 a barrel: house prices will probably remain flat.

Oil price drops to $40 a barrel: house prices will probably decline.

CREB® is going to make a 2015 Calgary Housing Market Forecast in mid January 2015 for the up coming year. So we will provide a more accurate predictions once the CREB® 2015 Forecast is available.

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