Posted on
September 3, 2015
by
Warren Shouldice
Real Estate often enjoys a “second season” in many markets during the late summer and early fall, when there is often renewed interest in certain communities and specific types of properties. This trend is brought about by families shifting their focus for the balance of the year, as they evaluate their family and job needs and real estate prospects for the fall and winter.
Maybe you know someone who wants to relocate elsewhere, or you might even be curious to know if your property is the type that would be appreciated by those looking to move into your neighborhood. Either way, there’s plenty of reason to call during this “second season”. If you think you’d like to participate in something new, or just understand the value of your current property, please give me a call!
Quick Stats
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Aug. 15 |
Aug. 14 |
Y/Y % change |
| Single Family |
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| Total sales |
1000 |
1278 |
-21.75% |
| Average DOM |
33 days |
37 days |
10.56% |
| Benchmark price* |
$516,000 |
$516,000 |
0.00% |
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| Attached |
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| Total sales |
364 |
516 |
-29.46% |
| Average DOM |
44 days |
34 days |
27.73% |
| Benchmark price* |
$356,700 |
$355,000 |
0.48% |
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| Condo |
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| Total sales |
279 |
456 |
-38.83% |
| Average DOM |
47 days |
40 days |
16.24% |
| Benchmark price* |
$298,400 |
$294,100 |
-1.44% |
-Benchmark price: The monthly price of the typical home based on it's attributes, providing the best measure of price trends.
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How Much Is Your Home Worth?
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Your home has both a personal value and a market value.
When you think of your home as a place where a family is raised and memories are built, then it’s like those popular MasterCard commercials on television: Your home’s value is “priceless”.
But when it comes to how much your home is worth to potential buyers, then things get much less sentimental. It’s the “market value” of your property that determines how much it will sell for, not your personal feelings.
Market value is simply the price that similar properties in similar neighbourhoods are currently selling for. If you were to list your home on the market today, you could expect to get somewhere close to that figure.
Even if you’re not planning to sell your home in the near future, it makes sense to get an update on its fair market value. Your home is an investment – and you should know how much that investment is worth.
There may also be circumstances where you might have to move quickly. Knowing the market value of your home will help you make quick – and better – decisions.
How do you determine the market value of your property? Call today.
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Selling Your Home And Buying Another – Quickly
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What if something unexpected happened – a relocation, perhaps – and you needed to sell your current property quickly and find another home? What would you need to do to make that happen, especially when you don’t have a minute to spare? Focus on the following three steps:
1. Prepare your property for sale
If you’re selling your home, you want to make it as attractive to potential buyers as possible. Depending on your property, this may involve getting minor repairs done, doing some light renovations (such as painting the foyer), eliminating as much clutter as possible, and making sure your home is clean and neat.
2. Get a pre-approved mortgage
A pre-approved mortgage is simply a certificate from your bank or lender that states how much money you qualify to receive. Getting a pre-approved mortgage is a good idea for two reasons: It gives you confidence when shopping for a new home, because you’ll know exactly how much home you can afford. And, it gives the seller confidence that you’ll be able to secure a mortgage for the purchase price you’ve offered.
3. Find the right REALTOR®
The right REALTOR® can make the entire process of selling your current property and buying your next home quick and easy. He or she can help you determine the right listing price and show your home to prospective buyers. At the same time, your REALTOR® can show you properties that fit your budget and other criteria. So there’s no need to panic. If you have to sell your home and buy another one quickly, focus on these three steps to help ensure everything works out fine.
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Surviving A Home Remodelling Or Renovation
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You’ve picked a great contractor, decorator or remodeller. The crew is coming in on Monday to do the work. You can hardly wait to see the remodelled kitchen, new hardwood floors, or freshly painted living room.
But there’s one thing that can put a damper on all your enthusiasm. The work itself.
Dust. Loud noise. Renovation debris. Work people tracking dirt in and out of your home. It can all add up to a not-so-great feeling about the renovation or remodelling.
That’s why it’s important to have a discussion with your contractor, decorator or remodeller before the work begins so you understand how the work will actually be done, and so you can set some ground rules.
Here are some key questions to ask: What are the names of the people on the work team? What are their hours? Who will be in charge of the work team when you are not on site? What steps do you take to reduce dust and dirt in the home during the project? Is the job area cleaned up at the end of each day? What is your policy regarding smoking and eating on site by your work team?
Getting answers to these questions upfront will help avoid unpleasant surprises.
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Posted on
April 4, 2014
by
Warren Shouldice
The average price among all sectors (single family, condo, townhouse) was $484 918, up 5.18% from the same time last year. With a lack of inventory (especially in single family homes), market conditions continue to favor the seller. Below is the breakdown between Single Family, Condominium and Townhouse sales. For additional information or to find out what your home is worth please contact me for a free comparative market analysis.
SINGLE FAMILY
Total Sales: 1699
Avg. Price: $556 402
Avg. DOM: 27 Days
CONDOMINIUM
Total Sales: 445
Avg. Price: $311 075
Avg. DOM: 31 Days
TOWNHOUSE
Total Sales: 341
Avg. Price: $335 617
Avg. DOM: 26 Days
Posted on
March 5, 2014
by
Warren Shouldice
The average price among all sectors (single family, condo, townhouse) was $482 530, up 5.51% from the same time last year. With a general lack of inventory, market conditions continue to favor the seller. Below is the breakdown between Single Family, Condominium and Townhouse sales. For additional information or to find out what your home is worth please contact me for a free comparative market analysis.
SINGLE FAMILY
Total Sales: 1230
Avg. Price: $550 312
Avg. DOM: 29 Days
CONDOMINIUM
Total Sales: 359
Avg. Price: $327 911
Avg. DOM: 33 Days
TOWNHOUSE
Total Sales: 265
Avg. Price: $377 382
Avg DOM: 28 Days
Posted on
February 5, 2014
by
Warren Shouldice
January sales in Calgary totaled 1,440 units, a 17 per cent increase over the previous year with market conditions continuing to favor the seller. Below is a breakdown between Single Family, Condo and Townhouse sales.
SINGLE FAMILY
Total Sales: 974
Avg. Price: $520 686
Avg. DOM: 40 Days
CONDOMINIUM
Total Sales: 260
Avg. Price: $314 678
Avg DOM: 42 Days
TOWNHOUSE
Total Sales: 206
Avg Price: $371 638
Avg DOM: 38
Posted on
January 30, 2014
by
Warren Shouldice
Here's a Q&A the Canadian Sport Institute did with me leading up to the Sochi Olympics, talking about my past and present careers! For the original article click here.
As we count down the days to the Sochi Olympic Winter Games (7 days to go!), we have also reminisced on the performances of so many great Canadians at the 2010 Vancouver Olympic Winter Games. Over the past quadrennial many of these athletes have transitioned from their athletic careers into a number of other professions.
As part of our #WeCan Campaign we want to highlight the successes of some of these athletes since their retirement from sport as #WeCan succeed after sport!
Here is our interview with Two-Time Olympian & World Champion in Aerials Freestyle Skiing, Warren Shouldice.
Q | Where do you live now and what are you up to these days?
A | Since retiring I've settled down in Calgary with my fiancé and am building my career as a realtor. I grew up in Calgary and had always planned on staying here after my athletic career was finished.
Q | What is your fondest memory about representing Canada at the Olympics?
A | My fondest memory about representing Canada at the Olympics has always been the competition itself, especially in Vancouver where the fans were absolutely insane! Having the opportunity to represent my country on home soil was an honour and a privilege and something I'll remember for the rest of my life.
Q | Do you still keep in touch with any of your Canadian teammates? If so which ones?
A | I keep in touch with a lot of my Canadian teammates and fellow competitors. Being an athlete was my life for 15 years and I developed many lifelong friendships along the way. I've even been fortunate enough to work with some of my Olympic teammates since becoming a realtor in 2012.
Q | What is a transferrable skill that you learnt in sport that you have been able to apply to your current career?
A | One of the aspects of real estate that attracted me to the profession was the many similarities it shares with being an athlete. I would have to say the meticulous attention to detail I developed as an athlete has been one of the most beneficial skills I've transferred from my sport to my new career.
Q | What is the most important life lession you learnt through sport?
A | The most important life lesson I learnt through sport is that actions speak louder than words. I find there are a lot of people that will say one thing and do another. It's ones actions that truly define who they are.
Q | What were some obstacles you faced when you retired from sport?
A | One of the obstacles I faced after retiring from sport was maintaining the same healthy lifestyle I kept up as an athlete. It's a lot more difficult to eat right, go to the gym and get plenty of rest now that it's not my job. However, these things are still extremely important to me and I need to be even more disciplined in order to keep them up.
Q | What were some pleasant surprises about your transition?
A | The most pleasant surprise about my transition from sport has been the peace of mind I've had with my decision to retire. Retirement is one of the most difficult and often scary decisions an athlete will face over their career and it was something I had always dreaded. Fortunately, I haven't regretted my decision and although I miss it, I know it was the right time to move on.
Q | Any words of advice for competing athletes for when they transition in the future?
A | The best advice I have for current athletes is to plan for your retirement and have interests outside of sport! I know that can seem difficult to someone who eats sleeps and lives the Olympic dream, but one day that comes to an end and we have to join the real world. It's important to have a good plan in place for when that happens because it makes the transition to your next career a much easier one. There is a life after sport and it's not nearly as scary if you're prepared for it.
Posted on
August 2, 2013
by
Warren Shouldice
From the Calgary Real Estate Board
Calgary, Aug. 1, 2013 – City of Calgary residential sales totaled 2,268 units in July, a 17 per cent increase over the previous year and up more than six per cent so far this year.
The flood that devastated the Calgary area on June 20 likely contributed to pulling forward sales activity, said Ann-Marie Lurie, CREB® chief economist.
“Some of this activity is related to the displaced renters and owners seeking other accommodation,” said Lurie. “But those consumers already searching for a home may have sped up their purchase decision, in response to concerns regarding the impact tight supply levels would have on prices.”
The Calgary resale market is firmly in sellers’ territory, supporting price growth. While citywide prices are nearly seven per cent higher than levels recorded in July 2012, the unadjusted monthly gains have been easing. The benchmark price for the city of Calgary totalled $414,100 in July 2013.
“Some sellers have been waiting for prices to recover before listing their homes,” said President Becky Walters. “Current market conditions have encouraged listing growth this month, for single-family homeowners.” A total of 1,575 single-family homes sold in July, a 14 per cent increase over the previous year. Year-to-date, the growth is 2.5 per cent. While year-over-year new listings increased in July to 1,958 units, it was not enough to ease supply pressures in the market. Overall, active listings declined to 2,917 units, nearly 20 per cent lower than already declining levels recorded in 2012.
A total of 693 condominium apartments and townhouses sold in the month, a combined increase of 26 per cent over the previous year, and a year-to-date growth of 16 per cent.
Stronger sales growth in the condominium market relative to the single-family market is in part related to availability in the affordable price ranges. Year-to-date, there have been more new listings priced under $400,000 in the condominium sector than in the single-family market.
“Clients looking for affordable homes are considering community, product and price,” Walters said. “While there are affordable single-family homes in some communities, some may prefer condominiums in the same price range so they can live in a preferred community or get a home that requires less
renovation.”
The growing demand for condominiums has also led to a tightening of supply. July active listings in the apartment and townhouse segment declined to 768 and 407 units respectively.
Tight market conditions supported price growth for all categories in July. However, unadjusted monthly gains were strongest in the apartment sector. Apartment prices totaled $267,600 in July, a 1.4 per cent increase over the previous month and nearly eight per cent higher than the previous year. The benchmark price for single-family and townhouses were a respective $461,600 and $294,500 for the month.
“While the flooding will alter sales, listings and price trends in the affected areas, the impacts on the entire resale market will likely play out over the coming months,” said Lurie. “July sales growth has been stronger than year-to-date trends and longterm averages. However, if the level of new listings continues to rise, this could help ease tight market conditions.”
Posted on
April 2, 2013
by
Warren Shouldice
CALGARY REAL ESTATE MARKET UPDATE. MARCH 2013
Total homes sold: 2110
Average price: $460 700
Average time on market: 35 days
Well priced and well presented homes are selling quick in Calgary. The March average of 35 days on market (DOM) is the shortest duration Calgary's seen over the past 12 months. Calgary has edged into a sellers market after spending much of the winter in balanced conditions. With tighter mortgage rules in effect fewer first time buyers are entering the market, however those who are qualified are taking advantage of very low lending rates.
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