Real Estate Market Update - Oct 2, 2012

We have had one of the nicest September months on record. As summer has drifted into fall and snow is around the corner, there is a window of time where people realize they may want to move now rather than wait out the winter before purchasing or selling their home. A sales surge during this time is not unusual. There is a general slowdown in the market as we move towards the end of the year, but as the number of buyers drops, so does the number of listings. If you are one of the few properties on market while people continue to move to Calgary as our economy grows, then you may be able to take advantage.  My experience has shown that folks who are out in -30 degree weather looking at homes are typically motivated buyers.


If you are considering the sale of your home over the winter months or early in the spring, now is the time to make any required repairs. If your entry or front porch needs a touch up, taking care of that now is the best time to make sure it shows well when you are ready to move forward. Consider window maintenance, a roof assessment if your roof is wood shake or over 10 years old and review any servicing needed for appliances, furnaces, sprinklers, etc.  If you selling a condo, get an early start on collecting condo documents from friends in the building if you haven’t kept your copies. 


The general statistics for Canada are showing a decline in the real estate market, however, Calgary is one of the bright notes with continued improvement in year over year sales.  Our market is again 'balanced' in an overall sense with pricing remaining level for the most part for single family homes and a slight upturn for apartments and townhouses.


We live in a great city. Get some advice for your purchase or sale so you can enjoy your home and enjoy everything Calgary has to offer. 


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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®.
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