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Should You Wait Until Spring To List Your Home?

A lot of homeowners are debating whether to list their home now or to wait until Spring. There are a number of reasons why you should consider listing now.

We anticipate a surge of activity coming up as people come back from vacation and kids get settled into school. Another big reason to list now is because it’s still green outside. Green photos show much better online. They showcase your curb appeal and your landscaping. Buyers don’t want to see photos of a home with snow or dead grass in them.

If you’re thinking of selling, give us a call.

If you are entertaining the idea of selling your home soon, give us a call or send us an email. We would love to talk to you about your options and determine what’s best for you.

What You Need to Know About the Calgary Market

July 2016 was the 20th consecutive month of declining sales for the Calgary market. There are a few factors contributing to this decrease in sales, including our current economic conditions, higher unemployment rates, and net migration.

This month, we saw a total of 1,741 homes change hands, which is a decline of about 12.65% compared to July 2015. Our listing absorption rate is sitting at about 31% of all active listings sold, which could technically be called a balanced market, but I would call it a buyer’s market. The average price for a single-family detached home, $541,000, has gone basically unchanged since last July, whereas attached homes are sitting at about $480,000 - a decline of about 2.39% compared to last year.

People are still seeing the opportunities in the current market.

The good news is that the average sale price for condos has gone up 13%; however, we saw two substantial sales downtown – one at about $8.4 million and one at about $5.2 million – which will majorly skew the numbers. All things considered, though, it’s pretty positive to see such substantial purchases here in our area because it means that there are people who are still seeing the opportunities in the current market.

On average, a home is spending about 46 days on the market, which is up about 15% compared to last year.

These are just some quick numbers. If you’d like more in-depth statistics for your community, or if you’re looking to buy or sell, please give us a call or email us. We’d be more than happy to give you a no-obligation consultation.