Blog

Wow. It was a Cold February, not only in temperature – but also in Real Estate Sales!

The mean (or average) temperature for February was -18.7 C, making this the third-coldest February on record, according to Environment Canada climatologists. The coldest of February was in 1936 when the mean temperature was -24.5 C

The effects of Calgary’s economic climate, and likely the cold temperature, continue to create weak sales activity and elevated inventory in the city’s housing market. Of course, lower prices are the result.

No substantial change in the economic climate and concerns regarding potential layoffs in the energy sector are leaving both sellers and buyers uncertain.

As of February, citywide benchmark prices were $414,400. This is nearly five percent below last January, slightly lower than last month’s figures, and over 10 percent below highs recorded in 2014.

While the market remains in oversupply;  slower sales and price declines do appear to be influencing sellers. New listings this month eased by eight percent compared to last year for a total of 2,211 units.

However, the 976 sales this month were not enough to substantially impact inventories levels, which remain elevated at 5,885 units.

If you have questions on Calgary real estate, whether it is housing, condo’s, or acreages, we can help you.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

The spring market is already in full swing in Calgary. There is no doubt that our real estate climate is quite a bit different during the same time last year. Although we’ve had a bit of a slow start, it’s important to remember that we are constantly comparing the market to 2014, which was a record-setting time. If you are seriously considering making a move, the changes in the economy have made it essential to have a smart plan in place.

As a buyer, you are in an excellent position to find exactly what you are looking for, without finding yourself in a bidding war over and over again. First-time buyers need to take advantage of the current market conditions while they last. The interest rates are unbelievably low and entry-level homes are in abundance. Still, many like to exercise caution in the market – values may decrease or a better deal maybe just around the corner. The key is to not wait too long. We have seen similar states in Calgary in the past, so there is really no guarantee that this buyer’s market is here to stay for the long haul.

As a seller, recognize that buyers are still seeing the value in the real estate market. They may be a little more cautious than they were in 2014, but they certainly know good value when they see it. Homes are taking a little longer to sell simply because there is no shortage of inventory. Now, more than ever, it is crucial to have a strong pricing strategy and go the extra mile to make sure your home shows a 10+. There are plenty of resources available, and home stagers, in particular, can make an ordinary home look quite exceptional for a reasonable investment.

If you are finding yourself on both sides of the transaction, be sure to work with an experienced Realtor who can help you create the right strategy to accomplish your real estate goals. Should you buy first then, put your house on the market? Should you set out to find your ideal home after selling? The right answer varies depending on the type of property you have and are seeking to upgrade to.  In a buyer’s market, it is advisable to sell your home first. This will allow you to move forward knowing exactly how much equity you’d be able to bring into your new purchase.

Are  you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Pine trees in Altadore Park (photo courtesy of John Vetterli)

It’s been 10 years since I bought Altadore real estate in southwestern Calgary to take advantage of the best schools here for my two children. And I wasn’t wrong—my children’s education is going great! But a lot of other people have been moving to Calgary for many years for other reasons besides the impressive schools—like the especially strong economy! That has in fact made this part of Canada one of the best places in the country to own property.

Hill of gold

I’m particularly happy to have chosen to live here in Altadore because it’s on high ground—in fact its name means “hill of gold”—yet it’s within walking distance of one of the city’s busiest business and shopping centers, Marda Loop, and first-class schools, hospitals, parks and other recreation areas and amenities. No wonder it’s been voted one of Calgary’s best neighborhoods and is luring a great many families and trendy young professionals to settle here. If you’ve decided to move here or are still thinking about it, you’ll be glad to know you have lots of housing types to choose from.

Full range of homes

Luxury single-family homes and condominiums that sell for more than a million dollars abound, with stylish classic to modern designs, high-quality interior and exterior features, and city, downtown or mountain views, and in secure new or mature neighborhoods. There are also lots of more affordable single-family homes, townhouses and maintenance-free low-rise, mid-rise and high-rise condos for first-time buyers, young professionals and investors. House prices average $531 per square foot, and condos, $401 per square foot. If you want brand-new homes, you’ll also find them here! That’s what’s great with a still fast-growing community like Altadore.

Know something else that’s great here? Utility cost is low, and residents can choose between the many electricity and natural gas companies that are based in Calgary.

With all these choices offered by Altadore real estate, you’ll just have to decide on what location, amenities and home features you and your family need and want, and then check out my home listings at http://www.thehowardteam.net/community-profiles/calgary/altadore_river%20park or else come on over and take a look around. I’d be happy to show you around myself and help you narrow down your choices; call me at 403-589-0004 or contact me at TheHowardTeam.net, and let’s set a date!

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of one home a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 8% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.