As expected, real estate activity for Calgary remained relatively slow in February with the total number of sold listings at 1,127 units. While this was only 6.63% lower than last year, it was a whopping 37% lower than the long-term averages for the month. With fewer properties selling, inventory levels have continued to rise which has contributed to modest price declines across all sectors. It should be noted that the market varies significantly based on a number of factors including price, location and property type. Should you wish to discuss further or have any questions please don't hesitate to contact me!
Y/Y % change
*Benchmark price: The monthly price of the typical home based on it's attributes, providing the best measure of price trends.
Thinking of Moving? Two Things You Need to Know
If you're thinking of making a move within the next few months, there are two important things you need to know.
The first is the market value of your current property. That's the amount your home will likely sell for in today's market. When you know its market value, you'll have a better idea of how much money will be available to invest in a new home.
The second is an overview of what's available on the market. Which of the homes currently available for sale meet your criteria with respect to the type of home, its special features (such as a big kitchen or pool), the neighbourhood, etc? How much are these homes selling for?
With those two pieces of information, you'll be able to make a better decision.
Making the Right Offer
You’ve shopped around and attended a few select viewings. Now you’ve found the home of your dreams. It’s yours – as long as you make the right offer!
So how do you make the right offer? That’s a very important question to consider.
If your offer is too low, you risk the seller turning you down. You may not get a chance to make a second offer, especially if there are already multiple offers for the property.
If your offer is too high, you’ll leave thousands of dollars on the table... money that could have been used for other important things, like renovations or a family vacation.
So before deciding how much to offer for a home you want, we need to talk.
We will discuss what goes into a good offer and other ways to strengthen your offer, such as getting a pre-approved mortgage certificate.
Hiring the Right Moving Company
How do you select the best moving company for your needs?
Ask for recommendations.
Beware of fly-by-night operations. They may seem like a bargain, but you get what you pay for.
Request a written estimate and contract. (Beware of movers that just give you a price over the phone.)
Confirm they are covered by insurance, and clarify their policy regarding lost or broken items. Make sure you receive a copy of their insurance certificate.
Finally, always ask what circumstances would result in extra charges being applied. The number one complaint received about movers by the Better Business Bureau is unexpected extra charges.
Questions about moving? Call today.
notable, quotable... quotes!
“The road to someday leads to the town of nowhere.”
“Learn to listen. Opportunity could be knocking at your door very softly!”
“Nothing great was ever achieved without enthusiasm.”
Ralph Waldo Emerson
Not intended to solicit buyers or sellers currently under contract.
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.