August 8, 2011
July Real Estate Market Update
The trend for July is a relative repeat from June with a continued trend toward recovery. Prices are remaining stable, interest rates remain low and and the condo market is showing signs of a more balanced market. Until the news of recent days relating to the American economy, most folks were beginning to feel much more positive about the global economic outlook.
Calgary is doing well, with myself and fellow realtors very busy with sales, relocation clients, and new clients coming on board. At the same time, there are great houses out there that are well priced that haven't sold. Sometimes things just aren't logical, but then real estate isn't always logical. It is often emotional and all about timing. Sellers need to work hard to show their homes at best and as clean as possible. Buyers have a lot of choice in some areas and are looking for great homes, great prices and clean inspection reports.
I have assisted a number of families in finding new homes in the last couple of weeks and I have shown dozens and dozens of homes during that time. Buyers often like a number of homes, but they only buy one. Many homes score a 7 or 8 out of 10, but we need to find a 9 or 10 to make a sale. If you need some help either finding your new home or setting yourself up for a successful sale, just give me a call.
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