Dan Welyk Calgary Realtor® Since 1999

There Is No Substitute for Experience.

Here is a quick glance into the past week's market activity for September 18th.

Calgary real estate market watch

Over the past 3 weeks, looking week by week you can see the number of new listings is remaining relatively the same, The price decreases have shot up this past week compared to the the first two weeks of the month and the number of reported sold homes also increased.

 

The good thing, homes are selling - there are a...

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August was a solid month for the Calgary Real Estate market.  Increased sales, lower new listings, average price increase and a lower average days on market.  Dont' be alarmed, that sounds like a shift in our market conditions.  I don't think so at this point.  Will have to keep a close eye on the changes over September and October.  See how we finish off the last quarter of...

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A very common question I have asked by clients and friends in August is “I’m thinking of selling, we missed the spring market, should we wait until next spring?”.  My answer is always – Definitely not.

 

Yes, statistically there are busier times in our market.  The spring is one of them.  With that said, this is just based on sales.  The more listings...

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Interesting article regarding a survery completed by BMO regarding affordabliity on increased mortgage rates.
 
The survey found that 43% of Canandians would "hamper their ability to pay" with an increased rate.
 
Alberta, with the least concern came out at 73% stating it would not affect their ability to pay.
 
"Based on the current BMO rate of 2.99 per cent for a five-year mortgage,...
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December proved to be a strong month over the same period in 2010 with an increase in sales of 8%.  Was a nice finish to the year after a slower period in August/September periods.
 
Snapshot:
 
Market SnapShot
Single Family
 
Condo
Inventory
2761
 
1287
New Listings
760
 
324
Sales
722
 
310
Avg DOM
58
 
65
Avg Sale Price
$453,629
 
$280,155
Median Price
$393,750
 
$257,875
...
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October Community Market Reports gives you a snapshot real estate view in your neighbourhood.

You can now look at each community individually as single family homes or condos, as well as surrounding country residential.

What you will find in these reports:  Current Inventory, New Listings Added, Sales, Average Price, Median Price and Average Days on Market.  The great thing about these smaller...

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My apologies for the delay pushing the statistics out, due to a back end issue, I have been unable to publish to my blog.

October showed an increase in market activity by 10% over this same time period in 2010 giving us the ability to feel more secure in our market conditions in comparison, however aside from median condo prices, the market is down from last month.

Inner city, more established communities...

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September shows a 7% increase in sales over the same period in 2010 giving us a slight jump in numbers, however does this reflect in overall pricing increases?  No. 
I have seen some communities slip backwards in pricing however this may simply be – the homes selling are the ones priced right.  That is ultimately a reality.

October will more than likely mirror September’s home sales so...

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This is an interesting chart showing you a 10 year history of different kinds of mortgages available to consumers, providing you a visual on what option is better suited to you and your lifestyle.

You will see in the 10 year history, a variable rate is the better option for you, the consumer.  If you look back at a 25 year history, you will see a similar trend.  Aside from a few small blips,...

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Proposal of Secondary Suites in Calgary has drawn up a heated debate in our city hall, but has it in the public? 

Relaxing the rules on secondary suites was being discussed by our Mayor Nenshi and Aldermen once again this past Monday.  Nothing has come of the discussions aside from a couple Aldermen making statements like “unconstitutional” to allow suites everywhere by Ald. Richard Pootmans....

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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.
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