When Should You Buy and Sell in Calgary?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

I'm always asked when the best time to buy or sell real estate might be. Unfortunately, there isn't one single "best time to sell".
 

The right time to buy or sell real estate is simply when your family is ready to do so. Timing the market is fairly impossible, so you just have to make a move when the time is right for you. Nobody can foresee the future of the market. The best thing you can do is to get in touch with your local Realtor to plan a quick and successful transaction.

Lastly, I invite you all to participate in our annual clothing drive on January 10, 2015. I'll be accepting donations from anyone and everyone - no donation is too small. You can drop clothing off at the Calgary Drop-In Center and let them know that you're making donations for my drive, or you can contact me and I'll come pick up the clothes from you.

We would appreciate any donations! Warmer clothes are especially helpful during this time of year, so if you have boots, gloves, hats, scarves, sweaters, or anything else warm, please donate them to us!

If you have any further questions about the clothing drive or the Calgary real estate market, please don't hesitate to contact me.

Are Home Prices Rising in Calgary?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 

Today I want to update you on the real estate market here in Calgary. We're currently seeing a buyer's market in most price points. This is especially true for high-end homes.

Housing inventory is currently very high. The price drop in oil and gas has definitely played a role in our market, as we are an oil & gas city. This does affect the value of homes in the area, and condos have seen the biggest drop in prices. However, this doesn't mean that you can't sell your home. Prices have only dropped by a few points percentage-wise.

As far as interest rates go, they've never been this low. This gives you the opportunity to save thousands of dollars over the lifetime of your loan. If you haven't done so already, I urge you to get pre-approved so that you can take advantage of these rates. I don't think they could possibly get any lower.

Overall, if you're selling in Calgary you'll need to pay close attention to your list price and the overall condition of your home. If you're buying, you're going to have a lot to choose from and your experience will be a little more relaxed. You'll have time to wait when making an offer, so when you find a home you like don't be frightened to wait a day or two in order to make a decision.

If you have any questions about Calgary real estate, please don't hesitate to contact me. I would love to consult with you in order to plan a successful real estate transaction!