Calgary Fall Real Estate Market Update
Although it took a few extra weeks for the summer to get here, it was an exciting season in the Calgary real estate market. Year to date, sales were up 11% compared to 2013, and home values increased by nearly 7% across the board.
Many sellers were cautious about making a move earlier this year. There simply weren’t enough listings to choose from and as a result, they were hesitant to put their own home on the market. Inventory was low, competition was fierce, and many buyers were feeling discouraged that they may not find the right home in their price range. Fortunately, Calgary has now entered a much more balanced market. There are more active listings, and the ratio of buyers to sellers is at a comfortable level.
One segment of the market that is on the verge of some significant growth is the condo sector. As home prices continue to increase, first-time buyers and downsizers are looking for a more affordable alternative. There are dozens of new developments being planned around the city, many of which offer trendy downtown locations. The local condo market has captured the attention of investors and developers all across Canada who are scoping out available land for their next exciting project. If you have been considering purchasing an investment property, stay tuned for some fabulous new opportunities in Calgary.
Another by-product of a rapidly growing economy can be found in Calgary’s luxury home market. According to CREB, the number of sales that exceeded the $1 million price point has increased by 20% compared to last year, and there is a growing pool of buyers who are entering the luxury home market. Calgary continues to be one of the most affordable major cities in Canada, and consumers are recognizing the value of investing in a rapidly growing market.
If you are thinking of making a move this year, the timing couldn’t be better. Homes are selling faster than ever, and there are still plenty of great deals to be found around the city. Fall may be in the air, but there is still plenty of time to find your new home before the snow flies!
Do you need to move to celebrate the changes that are happening in your life? Let me serve you in helping you make the move to the place or home that reflects where you are in life’s journey! I will listen to your needs and use my knowledge and expertise to make this a smooth transition to the right place for you to call home in Calgary. Contact me at 403-708-5873, ajames16@gmail.com, or www.allisonjames.com and let’s get on with your journey!
About Allison James
Allison James has been a realtor® since 1999 with Century 21 Bamber Realty Ltd. in the changing Calgary real estate market. A Century 21 Centurion Award 2007 recipient and a member of CREA and AREA, she specializes in residential real estate and has her designations as a Seniors Real Estate Specialist and a Certified Condominium Specialist. These designations testify that she has the expertise and resources to help her clients make a smooth transition to the next step in their life journey. She enjoys helping her clients as they move through many of the same stages of life that she, too, has experienced. The fact that the majority of her business comes from past clients and/or referrals from satisfied clients speaks volumes about her dedication to the high quality of service that she offers her clients to meet their Calgary and surrounding area real estate needs. She is a mother of four who are all on their own now, and a grandmother of eight. Besides helping people buy or sell real estate, she loves spending time with her family, being active outdoors, traveling and meeting new people, photography, playing the drums, reading, scuba diving, listening to music, learning new things, and nurturing her spiritual growth.
Tags: Allison James, Allison James Calgary, Allison James Realtor, Buyer, Calgary, Calgary Real Estate, Condominiums, First Time Buyer, Real Estate
