Geoff Antrum &    Matt Antrum Welcome to Search Calgary Homes

Detached sales activity boosts February housing market Feb. 2017

Thu, 02 Mar by Geoff Antrum & Matt Antrum (Father & Son Team)

DetachCIR_newLogo_finaled sales activity boosts February housing market Feb. 2017

Calgary Housing Market Report , March 1, 2017 – After the first two months of the year, Calgary’s detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years. As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures. “There seems to be a new sense of optimism these days,” said CREB® president David P. Brown. “Some sellers are feeling upbeat about the changing landscape and the improved chances of selling their home. Other people are looking at the spring market with caution and wondering if we’re going to see a higher than expected surge of listings. While there’s less product on the market right now, sellers still need to be realistic with their pricing.” The amount of excess inventory eased in the overall market in February, setting the stage for a transition to a more stable market this year. Months of supply totaled 3.4 months, down from five months over last February. At the same time, the sales-to-new-listings ratio trended from a near record February low of 39 per cent last year to 55 per cent this February. With sales improving and new listings and inventories contracting—two key measures of market balance, there’s good evidence to show that the housing market has started a trend toward more balanced conditions. “The transition in the housing market appears to be underway,” said CREB® chief economist Ann-Marie Lure. “However, it is important to note that this change is primarily being driven by improvements in the detached market and stability in the labour market.” “It will take some time for these conditions to translate into all housing segments and achieve price recovery,” said Lurie. “But all indicators continue to point toward a slow transition from a contracting market toward one that is stabilizing at lower levels.”

Are You Looking to Buy a Calgary Infill Home?

Tue, 19 Jul by Geoff Antrum & Matt Antrum (Father & Son Team)

Looking for a Calgary Infill Home? Calgary Infill homes come in many shapes and sizes and are generally in the inner city communities, such as Altadore, West Hillurst, & Killarney. Infill homes can be new builds or homes that are built in the last 30 years. The advantage of the Infill over the suburbs is the closeness to down town, restaurants, shops, bike paths, walking to work, less commute time, etc. Infill homes range in price from $400k to $2,000,000 plus. This website has all the Infill Homes For Sale in Calgary on MLS®. Please check out this link:http://www.searchcalgaryhomes.ca/search/1406
The term “infill” describes a form of development where a new home is built on an older lot and the old structure is removed. Hence, the existing lot is “filled in” with something new.

Breaking into Calgary Real Estate Market in 2015

Sat, 24 Jan by Geoff Antrum & Matt Antrum (Father & Son Team)

CREB® 2015 Forecast for City of Calgary

Concerns over Energy Sector could impact consumer confidence in the market. If energy prices stay low throughout the year, this can further damage confidence and cause consumers to delay any unnecessary changes regarding housing. This could further impact the sales and price growth for 2015, as reported below.
City of Calgary – Overall Summary (As of 14 January 2015)
2014: Sales 25,545 Price Growth 9.85%
2015: Sales 24,503 Price Growth 1.58%
City of Calgary Detached Homes
2014: Sales 15,097 Price Growth 10.1%
2015: Sales 14,372 Price Growth   1.8%
City of Calgary Attached Homes
2014: Sales 5,647 Price Growth  9.61%
2015: Sales  5,435 Price Growth 1.50%
City of Calgary Apartments
2014: Sales 4,801 Price Growth 10.57%
2015: Sales 4,695 Price Growth 1.00%

 

Bungalow for Sale: 948 Mayland DR NE Calgary

Sun, 02 Nov by Geoff Antrum & Matt Antrum (Father & Son Team)

Bungalow for Sale: 948 Mayland DR NE Calgary

Dwayne Morberg and Matt Antrum have listed this home in Mayland Heights in Calgary.

Price: $479,900  Bungalow on Large Lot close to downtown.

Bungalow with 4 bedroom 2 bath family home on quiet tree lined street.Fenced and treed very private backyard with 2 partially covered back decks. Main floor bedrooms with original oak floors,master with sliding patio doors to rear deck. Large mudroom with built in storage,perfect for families.Large detatched garage and two car covered carport. Close to schools and shopping and easy access to Deerfoot Trail and downtown.Charming oak country kitchen. Dining room with patio doors that lead to west facing patio deck. Den with built in book shelf,sliding patio doors to back deck. Living room with vaulted ceilings and bay window. Great value in Mayland Heights.

http://www.searchcalgaryhomes.ca/listing/calgary/mayland-heights/c3640676-948-mayland-dr-ne

Breaking into Calgary Housing Market in 2014

Sat, 18 Jan by Geoff Antrum & Matt Antrum (Father & Son Team)

Breaking into Calgary Housing Market in 2014. What Do Buyers Need to Know

Calgary Homes & Condos are selling more rapidly than 2009 to 2012.

It’s a Calgary Seller’s market in 2014, similar story as 2013.

Housing Inventory is down: less number of homes for Buyers to choose from.

So good quality homes that are priced right will not be on the market for very long. A matter of days in a few key areas of Calgary. There can be multiple Offers and homes can sell at List price. Buyers who keep waiting for a home to drop in price can be disappointed since it could easily sell if it’s close to market value. This is where Buyers need a  REALTOR® to guide them on price and market value. Buyers can get caught up in the hype and over pay. So speak to your REALTOR® about market value for community you are buying in.  Ask your REALTOR® what is the Average Drop Price for Calgary community you are planning to buy in.

Calgary Buyers who procrastinate & are indecisive will miss out!  If you see a home or condo that stands out from the crowd and looks like great value, don’t wait. The 2014 market is fast and many buyers will be looking at the same property, for the same reasons. A REALTOR®  can help Buyers make an informed decision in a fast market that is in the interest of the Buyer.

Calgary Market Conditions                    2013                 2014 (Forecast)

  • Seller’s Market                        Yes                  Yes
  • Single Family Home Price Gain         7.8%                 3.8%
  • Net Migration to Calgary              19,000              15,000
  • Rental Vacancy Rate                    1.0%                 1.2%
  • Calgary  GDP                           3.4%                 3.7%
  • USA GDP                                1.6%                 2.5%

(Data taken from CREB 2014 Economic Outlook & Regional Housing Forecast)

Please check out our website at  www.searchcalgaryhomes.ca
Geoff Antrum  REALTOR® at CIR REALTY 403 608 5682
Matt Antrum REALTOR® at CIR REALTY 403 608 5684

Check out our Monthly New Letter at:
http://www.realestateword.com/agent/newsletter.php?id=440

The trademarks REALTOR®, REALTORS®, MLS®,  are controlled by The Canadian Real Estate Association (CREA). Used under license.

Calgary Home Buyers: Conditions have been removed what is next?

Sat, 11 Jan by Geoff Antrum & Matt Antrum (Father & Son Team)

Conditions Have Been Removed! Congratulations. What is Next for Buyer?

Once Conditions have been removed the purchase is a firm sale and the property is sold.

Please make sure you stay in contact with the three most important professionals to assist you through your next phase to Possession day:

REALTOR®: will ensure the document conveyancing is done and the two lawyers involved are informed. Your REALTOR®  will complete the Walk Through, usually day before the Possession day with the Buyer to ensure the property is in a similar condition as the Showing Day.  REALTOR® will also hand over the keys to the Buyer on Possession Day. Your REALTOR®  will ensure a smooth purchase and ensure any details with lawyers, mortgage agent, and seller are completed.

Lawyer: will complete necessary documents for Land Title transfer, Title Insurance if required, RPR compliance, mortgage document signing, etc. The Buyers will meet your lawyer to sign all documents the week before possession.

Mortgage Agent: will assist you with the mortgage documents and ensure you have house insurance in place. Payment schedule will be set up with frequency of payments, etc. Life insurance will usually be discussed. The Buyer usually has the option to choose their life insurance company.

Other activities to be completed by Buyer are:

House Insurance: this is mandatory especially if you have a mortgage. Shop around for best rates. It’s often a good idea to check out the Insurance Broker/Company where you have car insurance. They may give you discount for house insurance if you have car insurance at same place.

Moving Contractor: make sure you plan ahead and book a Contractor.
Important: don’t book Contractor for the Possession day in the morning. You don’t get the keys until approx. 1 pm.

Life Insurance: is not mandatory but needs thinking about if you have a family to support. Can be purchased through Mortgage Lender you have chosen, or you can go to an independent life insurance Broker.

Utility companies need to be notified that you are moving in on possession day.
Such as gas, electricity, water, telephone, internet. Don’t forget to cancel your utilities at your present residence.

Property Taxes: speak to City of Calgary (if you are in the city) or municipality and set up
your tax payments. Can be done on a monthly basis with TIPP program in Calgary.

The trademarks REALTOR®, REALTORS®, MLS®,  are controlled by The Canadian Real Estate Association (CREA). Used under license.

How To Negotiate a Successful Offer – Calgary Buyers and Sellers Need Balance!

Thu, 12 Dec by Geoff Antrum & Matt Antrum (Father & Son Team)

How To Negotiate a Successful Offer – Calgary Buyers & Sellers Need Balance!

  • Seller & Buyer need to be motivated and willing to negotiate an Offer that is fair to both parties.
    If a balance is reached the Buyer and Seller are more likely be successful.
  • Seller & Buyer must be aware of Calgary Housing Market. Is it a Buyer’s market?
    Is it a Seller’s market? Or is it a balanced market? Talk to your REALTOR®.
  • Both parties need to know what comparable homes are selling for in community.
    And how does the property being negotiated “fit in” to the local community sold data?
  • If one party feels as though the other party is not acting in good faith and is not
    negotiating in an equitable manner no successful Offer will be agreed.
  • Buyers & Sellers need to be objective and put themselves in the other person’s position before they act.
    For agreement both parties have to be prepared to compromise.
  • Finally, listen to your REALTORS® recommendations, who will give you guidance on
    the negotiations and lead you to a successful accepted Offer. Please check out our website at  www.searchcalgaryhomes.ca
    REALTOR® Matt Antrum at CIR REALTY 403 608 5684
    REALTOR®: Geoff Antrum at CIR REALTY 403 608 5682

    The trademarks REALTOR®, REALTORS®, MLS®,  are controlled by The Canadian Real Estate Association (CREA). Used under license.

How Do First Time Buyers Break into Calgary Real Estate Market?

Tue, 09 Jul by Geoff Antrum & Matt Antrum (Father & Son Team)

What Do First time Buyers need to know to break into Calgary Housing Market in 2013?

Homes & Condos under $450,000 are selling faster than past few years. Its a Sellers market. So good quality homes that are priced right will not be on the market for very long. A matter of days in a few key areas of Calgary. There can be multiple Offers and homes can sell at List price.

Buyers who keep waiting for a home to drop in price can be disappointed since it could easily sell if it is close to market value. This is where Buyers need a REALTOR® to guide them on price and market value.

Buyers can get caught up in the hype and over pay.  Speak to your REALTOR® about market value for the community you are buying in. Ask your REALTOR®  “What is the Average Drop Price for community you are planning to buy in”?

Buyers who procrastinate and are indecisive will miss out!
  If you see a home or condo that stands out from the crowd and looks like great value, don’t wait. The 2013 market is fast and many buyers will be looking at the same property, for the same reasons. A REALTOR® can help Buyers make an informed decision in a fast market that is in the interest of the Buyer.

Before You Make an Offer: Ask your REALTOR® is this home at market value?

Please check out First Time Buyers Check List for 2013.

The Calgary Flood of 2013 has made the rental market very tight and this is impacting the market for Starter homes in Calgary.

The trademarks REALTOR®, REALTORS®, MLS®,  are controlled by The Canadian Real Estate Association (CREA). Used under license.

Coventry Hills Real Estate – Where is Coventry Hills in Calgary?

Thu, 30 May by Geoff Antrum & Matt Antrum (Father & Son Team)

Many buyers say they want to view homes for sale in Coventry Hills, but they are not sure where it is? Is it in NE Calgary or NW Calgary?
Coventry Hills as far as the CREB City of Calgary Map goes, shows Coventry Hills in the NW Calgary zone, known as Zone A.
However from a postal point of view this community is in NE Calgary, since it is east of Center Street.
REALTORS®show Coventry Hills as though it in NW Calgary, since its proximity to the other north west communities is very close.
Geographically it is also west of Deer Foot Trail which puts it in Zone A  “NW Area”.

Coventry Hills boarders with the communities of Country Hills Village (NE Calgary), Panorama Hills (NW Calgary) and Harvest Hills (NE Calgary).
If you are looking to buy or sell real estate in Coventry Hills please call Matt Antrum, REALTOR® at CIR REALTY, 403 608 5684 or Geoff Antrum, REALTOR®, at CIR REALTY, 403 608 5682.

 Please check out this link for homes for sale in Coventry Hills in Calgary.

Or if you are looking for Calgary Real Estate in other communities please check out this link.

Planning to Sell Your Home in Coventry Hills? Please check this link out.

The trademarks REALTOR®, REALTORS®, MLS®,  are controlled by The Canadian Real Estate Association (CREA). Used under license.

62 Tuscany Ravine Manor C3567241 Video Tour

Wed, 22 May by Geoff Antrum & Matt Antrum (Father & Son Team)

Please check out our CIR REALTY Listing Visual Video Tour for 62 Tuscany Ravine Manor

Open House this weekend Saturday and Sunday 25 and 26 May, 2 pm to 4.30pm

Contact Geoff Antrum 403 608 5682 or Matt Antrum 403 608 5684

Check out homes for sale at www.searchcalgaryhomes.ca