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.”
Posts tagged with "Selling Calgary Home"
Thinking of Selling Your Calgary Home?
Do I Buy first then sell? Or Sell then Buy?
There are three options to look at and choose.
Sellers need to think very carefull about the option they choose.
Option 1: Low Risk: Sell Your Home First then Buy Your Next Home
This option is the safe financial approach for most clients. Put your property on the market and wait for a firm sale, i.e. when all conditions have been removed. Ensure you have a 2 to 3 month possession date so you have time to find a new property.
This ensures you know what funds are coming from the sale of your home.
The sold price is fixed and you can make an offer on a home with confidence.
You only need to have two basic conditions when buying with Option 1:
1) Homes Inspection
2) Finance Condition
Sellers do not like a Sale of Buyers Home Condition and Option 1 does not require this condition.
Option 1 allows you to make an Offer that is more aggressive and the seller will more likely negotiate with you.
Option 2: High Risk: Buy Your Next Home and List your Home
If you have funds beyond your present home this option works.
However if the funds for the home you are buying come from your present home then this is high risk.
Option 3: High Risk: Make an Offer on your next home that is conditional upon sale of your home. Can cost you money and frustration! No Deal!
This can be costly since the seller will not generally drop price of home a significant amount. The deal does not usually go through due to sale of your home not completing on time. The seller may not even look at your offer due to this condition, especially in competing bids.
Need a Home Evaluation please click on this link:
Why is having the Rocky Mountain View important? Having a spectacular view of the Rocky Mountains out your window not only increases the value of your property, it can bring a feeling of peace, serve as a reminder of the great outdoors and also be very pleasing to the eye.
Will the view in each neighborhood be made equal? No. Calgary being part of the rolling foothills has many communities built on hillsides giving the opportunity for some homes within a community to have impressive mountain views, while offering other residents perched lower on a hill to have walking pathways to view the mountains if they venture out for a stroll. Neighborhoods on the north sides of Calgary such as Tuscany, Rocky Ridge, Royal Oak, Arbour Lake, Edgemont, Hawkwood, Scenic Acres and Silver Springs will all have a certain amount of homes with splendid views. Neighborhoods along the west side of Calgary such as Valley Ridge, Cougar Ridge, West Springs, Aspen Woods and SpringBank Hill will also have many homes offering sprawling Rocky Mountain views.
Houses in these luxury neighborhoods in and around Calgary are almost all guaranteed a panoramic Rocky Mountain view: Watermark, Bearspaw, SpringBank, and Elbow Valley – as these executive type homes are usually designed with the Rocky Mountain view in mind.
In downtown Calgary, you have a great chance of finding a Rocky Mountain view if you are on the west side of a condo building and at least 20 floors up.
Certain neighborhoods in Calgary are known for having a double whammy – Rocky Mountain views as well as a Calgary Downtown city skyline. Just north of the downtown core, and centrally located you’ll find: Crescent Heights, Briar Hills, St. Andrew Heights and Rosedale with houses perched on the ridge and containing homes with gorgeous Calgary city skyline views with the Rocky Mountains behind it almost covering the entire horizon, a photographers dream. More unique is Edgemont, in NW Calgary, where the Rocky Mountain sights are off to the right while the City Skyline view is to the left.
Also, for a sweeping, uninterrupted Rocky Mountain View you can expect the price tag of a house to go up from 100K$ – 200K$ to a comparable house with no mountain view. This number can vary greatly depending on community. Contact your Realtor for more price specific information!
Living in Calgary and don’t have a Rocky Mountain view at home? Try going for a stroll or bike ride along the Glenmore Reservoir, or drive out to walk through Glenbow Ranch Provincial Park, in these areas and you are sure to have a beautiful back drop of spectacular, rolling mountain peaks!
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.
Check out our website at www.searchcalgaryhomes.ca
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.
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
Tuscany Family Home Open House: 62 Tuscany Ravine Manor, NW Calgary
Open House is planned for Saturday and Sunday 25 and 26 May 2013 2 pm to 4.30 pm.
Please come along and see this Family home with 4 bedrooms and 3.5 bathrooms.
Check out this link for details on this Home: including Description and Photos
Contact Geoff Antrum 403 608 5682 or Matt Antrum 403 608 5684 for a private showing of this home.
Buy your next home with Geoff Antrum & Matt Antrum and get discount on commission for sale of your present home. Call for details.
CIR REALTY can sell your home at www.searchcalgaryhomes.ca
How do I Sell my Calgary Home quickly? We have many sellers ask this question.
Here are some useful tips on how to sell your Calgary home quickly and for top price.
1) Price your home correctly. Listen to your REALTOR® and find out what the market value is for your Calgary home.
2) Choose a Real Estate Office (Brokerage) that will look after your interests and listen to your needs.
3) Choose a REALTOR® who can market your Calgary home to a wide audience. Internet marketing and Google are key features to look for.
4) Make sure the REALTOR® uses a Professional photographer for the property and Virtual Tours are included.
5) REALTOR® Services vary from very little to top of the line in Calgary. We can fine tune our REALTOR® services for each seller.
We offer a Budet, Premium and Elite Service packages to out clients.
Please check out our website at www.searchcalgaryhomes.ca for more information on selling your Calgary home.
Matt Antrum and Geoff Antrum are REALTORS® at CIR REALTY and we can offer many services to Calgary Sellers.
Matt Antrum can be reached at 403 608 5684 and Geoff Antrum can be reached at 403 608 5682.
The trademarks REALTOR®, REALTORS®, MLS®, are controlled by The Canadian Real Estate Association (CREA). Used under license.
Selling Your Calgary Home with CIR REALTY.
Why would you choose CIR Realty to Sell Your Calgary Home?
CIR Realty attracts Calgary Home Sellers due to six key marketing reasons:
1) Highly trained staff and REALTORS® provide professional service that is recognized in the industry.
2) CIR REALTY is the Top Office (Brokerage) in Calgary in terms of sales.
3) CIR REALTY has an online Internet presence that is significant in the Calgary area
4) CIR REALTY has TV and radio adverts that attract Calgary Buyers
5) International Marketing is a major part of CIR REALTY’s business
6) CIR REALTY provides full coverage of Calgary, town’s and rural areas surrounding Calgary.
Please check out our website at www.searchcalgaryhomes.ca if you are thinking of selling your Calgary home.
We can customize our services to meet all Sellers needs in the residential market. Ask for a free home evaluation.
Geoff Antrum (REALTOR®) and Matt Antrum REALTOR®) work with CIR REALTY to provide our clients with the service they want and need to sell their Calgary Home.
We are a Father and Son Team that provides an experience that is professional and geared towards the clients needs & interests.
Email: email@example.com firstname.lastname@example.org
Geoff Antrum: Cell 403 608 5682 Matt Antrum: Cell 403 608 5684
Selling your Calgary Home: Online Marketing Works “GOOGLE, MLS® & REALTOR® Sites”
1) Google: is by far the most important Search Engine for marketing your home. Adwords and Organic marketing both work on Google.
2) MLS® (Multiple Listing Service) is a “must have” for selling your home (www.REALTOR®.ca) in Calgary. The service allows many Buyers and REALTORS® to view online your home and make an appointment to view.
3) REALTOR® Websites that are using Google to advertise your home is also very important.
Matt Antrum and Geoff Antrum REALTOR® Services use Google, MLS® and www.searchcalgaryhomes.ca to sell your home with CIR REALTY.
Please check out our website, www.searchcalgaryhomes.ca if you are planning to sell or buy a home in the next few months. Call us at 403 608 5684 (Matt Antrum) or 403 608 5682 (Geoff Antrum).
2014 is going to be an exciting year for real estate in Calgary. We are planning to release a new real estate website in 2014.
So please stay tuned for our updates and Blogs.