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December Stat Pack / State of the Union

January 23rd, 2021
  Another year in the books! And what a year it was. After the pandemic hit, I was sure that we were going to see some serious price drops in the market. However, the government stepped in, lowered interest rates to historic lows and spurred on activity that none could have believed. The activity has been very specific though - entry level of all product types especially with single fami ...
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November Stat Pack

December 23rd, 2020
Again sales are up substantially compared to 2019. The low interest rates continue to drive sales especially in the entry level of each market segment. Single family detached homes under $500K are moving quick with many going in multiple offers. Prices have increased in the past couple months so be prepared to pay slightly more for the home you want. This doesn't mean that buyers are ...
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September Stat Pack

October 10th, 2020
Sales really outperformed last year and anything that we have seen this year to date. It was the detached sector and townhomes that really took off. The low interest rates (I've seen as low as 1.7%) have really spurred on some activity. With the drop in prices for the move up market for detached and townhomes in general, many buyers are seeing this as a great opportunity to further thei ...
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July Stat Pack

August 27th, 2020
Here is the latest update for the Calgary real estate market. Sales outpaced last year by 12% and inventory levels continue to stay low. There is high demand for entry level homes in all segments (condo, townhome, semi-detached and detached). I have been involved in several multiple offer situations over the past month. There are many reasons for buying and most will not be deterred by ...
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June Stat Pack

July 4th, 2020
Well, it’s been a little while since I have posted a market update. It’s been a wild ride! As you can imagine, once the pandemic hit, the real estate market literally shut down for 4-6 weeks. It was shaping up to be one of my best spring markets with many buyers and sellers ready to make the move for 2020. It was the first time since 2014 that I felt the buyers and sellers expectations had ...
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2020 State of the Union

February 14th, 2020
2019 was an interesting year, however, the market settled out over the past few months which lends some optimism for 2020. We are heading in to this year with lower inventory levels than we've seen for the past few years which will help. There is still a lot of pent up demand with buyers trying to decide their entry point in to the market. This year may be different as everyone is start ...
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December Stat Pack

January 20th, 2020
The December stat pack is in and with that the end of the year stats. Sales were up 1% compared to 2018 and while that's not saying much, it is an improvement to what we have seen over the last few years. Sales did spike in December in both the apartment and attached segments. There was a really good rate deal that was offered in December which shook a few buyers off the fence. I have had ...
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November Stat Pack

December 27th, 2019
In a strange twist of events it was apartment sales that really plummeted for November - down 21%! This market segment had been showing some real signs of stability over the past 6 months. There was a spike in inventory as well which was partially due to a substantial increase in new build listings. It's that time of the year where builders are trying to clear out some inventory before ...
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October Stat Pack

November 14th, 2019
Suprisingly, there is still decent activity in the market on the buyers side. I have 2 listings yet to sell and the activity has been excellent. I am also working with several buyers that are hoping to be in to a new home before the year is out. As mentioned from the previous month, the stability for the past few months has emboldened buyers to get in to the market. Why not? Interest ra ...
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September Stat Pack

October 18th, 2019
We continue to see a trend towards market stability. Inventory levels continue to decline with sales showing moderate increases. I have been extremely busy the last few weeks with motivated buyers. The entry level of all product types are selling quick if they are priced well and show well. Make sure you are pre-approved for a mortgage before you start looking so that you can be ready ...
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