Real Estate Blog - Real Estate Statistics

What Actually Are Good Bones?

We have all heard the phrase "this house has good bones." Those of us who watch HGTV know that a house having "good bones" is often used as a way to convince buyers that the property could be something wonderful, even though it is in need of a major makeover. A couple will walk into a derelict home, the wall paper stripped, ceiling beams exposed, stepping around holes in the floor, and their HGTV expert will say, "I know, I know. But it has good bones!"

The reality is that most houses that look like a mess are a mess. Not every decrepit home has "good bones"; in fact, not every nice home has good bones! Rarely will you be able to tell what kind of bones a home has without the eye of a home inspector. These professionals see through the grime and…

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The Value of a CMA

When you are preparing to sell your home, getting a CMA is crucial in determining the worth of your home and what a good asking price will be. So what is a CMA?

CMA stands for Comparative Market Analysis. A CMA is used by realtors to calculate the market value of a property they are selling before they list it. As a homeowner, you may have some idea of what your home is worth based on your own knowledge of the area and property itself. However, we highly suggest you have a real estate professional, such as ourselves, complete an official CMA for you. It will be your second greatest asset in the selling process; the first greatest asset being us, your real estate agent!

A lot goes into a CMA, such as:

Location: Where is your property located?…

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JUST LISTED: 239 Hawkstone Close Northwest, Calgary Alberta, T3G 3P2

Welcome home!

This fantastic 5 bedroom family home offers approximately 3000 square feet of completely developed, very functional, modern living space! Located on a quiet cul-de-sac, this large, two story split features 1250 square feet on the main level & a fully developed lower level. This property includes a grand open staircase complete with vaulted ceilings, real hardwood flooring, an open concept kitchen with granite counters, a large center island, a pantry & breakfast nook, an adjoining family room complete with a wood burning fireplace & a custom oak built-in feature wall.

The main floor also has a laundry room and a fourth bedroom/den. The Upper level includes a large master bedroom & 5 piece ensuite with a jet tub and 2 more spacious…

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Spring Decor Staging

March 20th was the first official day of spring. Crazy, right? Since then we have had a number of snowstorms and cloudy skies, most notably yesterday when it snowed all day long. The good news? The snow was wet and heavy, and the heat of the sunshine today has already begun to melt it. While Mother Nature seems to want to keep winter around, the sun is on our side. Thank goodness!

Regardless of how high our snow piles still are, the beautiful reality is that it is, in fact, spring. Around this time is when our homes transition out of winter. We begin to pack away our snow pants and mittens (with a knock on wood), any remaining Christmas lights get taken down, moody blues and rich reds are replaced with pastels, and we decide to force spring into…

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It's Civic Census Time!

It is civic census time!

What even is a civic census? The City of Calgary writes, "The Civic Census is the official count of dwelling units and the population who are living in these units, by the door to door physical collection and recording of data. This count of dwellings and residents may be supplemented yearly with other information such as the periodic age/gender distribution data, etc." The first ever Calgary census took place in 1931! Just think about how much Calgary has grown in the last year; can you imagine how different our results today will be from the results back then? 

A census does more than simply count how many people currently live in the city. The information gathered from the census "is used by The City for a variety of…

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March 2018 Statistics

The Calgary housing market in March went exactly as expected. Unfortunately, due to economy not yet being fully recovered and due to stricter lending rules, sales were slow and inventory rose. First quarter sales totaled 3,423 units, which was 24 per cent below long term averages and18 per cent below last year's stats. Months of supply have reached four months. 

The benchmark price for a detached home was $503,800, which may have been 3.6 per cent below highs before the recession, but was one per cent above the lows recorded during the recession. So, there is very modest improvement. 

"Economic conditions are slowly improving, but it has not been enough to outpace the current impact of higher lending rates and more stringent conditions,” said CREB®…

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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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October 2015 Statistics

Hello, Winter!

Calgary has received its first official dump of snow. As of today, Starbucks has rolled out their holiday drinks and Christmas lights are starting to join the city skyline. It is time to say farewell to crunchy leaves and pumpkins, which we hope you did by taking them to the city wide recycling centres. For more information on that, check out the following link: City of Calgary Leaf and Pumpkin Recycling.

As our final goodbye to crisp autumn days, we have the CREB (Calgary Real Estate Board) October statistics summery. Want to learn more about real estate market conditions so you can be an informed buyer/seller/investor? Read on.

Elevated inventory levels continue to dominate the market in the resale sector which is significantly…

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