Real Estate Blog - Real Estate

June 2017 Statistics

CREB® is happy to report that "Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings." This is great news for both buyers and sellers! For buyers this means that there are more options available for purchase, and for seller's this means that there are actually potential byers for their property.

There was a lot of inventory gain in June.  Inventory levels  were 11% higher than last years average, coming in at 6,659 units. However, CREB® affirms that despite this, the market remains stable. They report, "second quarter activity continues to demonstrate improved supply-demand balance and price stability. City wide benchmark prices totaled $441,500 in June. This is a 0.5 per cent gain over last month and…

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Welcome!

We are so excited to announce the launch of our new website!

The web address is the same, but it has a completely different look. Our website is now even more user friendly, offering you the following advantages:

• Extensive information on featured listings in Calgary Neighbourhoods
•  A unique interactive map searching tool
• A powerful search engine to help you find the perfect properties
• More resources to be fully informed and equipped for buying, selling or investing
• Easy navigation to optimize your online Calgary real estate experience
• Email newsletters, blogs, client testimonials and much more

We invite you to continue to enjoy personalized results, custom searches and immediate email notifications when new listings match…

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Entering The Market In Spring

Spring has arrived in Calgary! The grass is green and the flowers are in bloom. People are beginning to venture outside and play again as Calgary warms up for the summertime. Another thing that is warming up is the housing market.

Spring is always the most popular time in real estate. While other times of the year experience peaks in the market, spring is consistently active in the selling, buying, investing and renting sectors. There are a number of reasons why spring is the most popular time to enter the market.

Read on to find out why and how you can reap the rewards of such an active time in real estate.

First and foremost, the timing is ideal. Spring is a time of change and transition. University students are moving for the summer or…

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April 2017 Statistics

April was another great month for Calgary real estate! We have continued to see stability in the market, leading to better prices and inventory levels. The success of the real estate market relies heavily on the economy, so as long as our economy continues to get stronger, so will market conditions.

CREB® president David P. Brown had good news to report this month: “More jobs [in Calgary] means less uncertainty for people who are sitting on the fence [about entering the real estate market]. There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market.”

CREB® president David P. Brown adds, “it’s a good scenario for sellers who are entering a spring…

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Home Staging During An Open House

Happy Open House!

We are so excited that you have begun your journey towards selling your house. This is a huge step that we know must have taken a lot of time and consideration. Do not be afraid, be excited; this is the start of a wonderful new chapter in your life.

Open Houses are a lot of fun. You get to stage your home to look its absolute best, share with others all the things you love so much about your property, and you get to start seeing offers roll in. However, hosting an open house comes with an element of risk. After all, there will be complete strangers wandering around your home.

Most realtors will welcome potential buyers but let them explore on their own to make them feel comfortable. This means there is a potential for something…

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March Housing Statistics

The Calgary Real Estate Board (CREB®) had good news to report in their summary of what happened in the YYC housing market in march: the detached sector reached balanced supply and demand levels. This ideal condition gave the market a great boost, with more sales being made than there has been in the last couple of years. This is something we have been waiting for ever since the market crash, and is a testament to Calgary’s ability to bounce back from hardship.

What exactly led to these balanced conditions? CREB® president David P. Brown reports,“it’s not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out. These changes are lifting the cloud of uncertainty…

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How To Be An Informed Buyer

The real estate market is incredibly complex, especially given the unstable conditions Calgary has been in for the last three years. This means that now, more than ever, you need to be an informed buyer. Being an informed buyer is not as easy as a quick google search and a list of must-haves. You need to be fully equipped to navigate the market. Here are a three ways you can be an informed buyer:

Know Exactly What You Want: Knowing exactly what you want in a future home is important. Make a list of must-haves, a list of want-to-haves and a list of not-required things in your future home. Having this list will help you more easily decipher what home is the best fit for you. Also decide what you want out of the area of the city you are in. Are nearby…

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Ken's Market Update

Hello Everyone,

I am very happy to relay good news, the Calgary real estate market is in a transition towards an improved market!

All of us here at Team Ken Richter are extremely busy facilitating sales in every price range despite the recent frigid winter temperatures. We are experiencing numerous weekly sales and even multiple offer situations! We haven’t experienced a heated market like this for some time. I don’t expect prices to increase anytime soon, but I believe prices will stabilize considering the market activity already this year. The low inventory of housing all across the city and the fact that mortgage interest rates remain at an all-time low are contributing to the recent wave of activity. This is very positive as our market has…

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February 2017 Housing Statistics

The detached sector of housing is what really drove the market this year. CREB® reports, “February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.” One really wonderful thing that happened is that the average time a property is on the market dropped to 2.4 months, which has helped ease downward pressure on pricing. This means sellers are selling their homes faster and for better prices. The benchmark price for a property was $501,900 in February.

CREB® president David P. Brown notes, “there seems to be a new sense of optimism these days. Some sellers are feeling upbeat about the changing landscape and the improved chances of selling their home. Other people are looking at the…

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January 2017 Statistics

The market is in an interesting place right now. It continues to do better than this time last year, but it is still falling short of long term, ten year averages. This is leaving people in an awkward space where they should be encouraged, but also not comfortable. There will be lots of growth and changes yet.

CREB® chief economist Ann-Marie Lurie says, “while housing conditions continue to favour buyers, a slow transition toward more balanced conditions is helping to ease downward pressure on home prices. Conditions have improved over last year, but people need to remember that last year’s market was one of the weakest on record. Despite the appearance of a major shift in activity, the transition in the housing market is going to be a slow process.”

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