Early Rise in Mortgage Rates to Boost Calgary Home Sales!

Improved economic outlook and new jobs to have big impact in long-term.

Calgary Real Estate Market Statistics 

November 6th, 2009 – Calgary MLS® Sales Activity

Calgary Real Estate Market Trends (current year vs the previous year)

Multiple offers are back...

As Calgary's real estate market continues to see prices rebound!

Hello friends and followers, do I have some news for you!

 

First off, I'd like thank my clients that have given me the opportunity to help them buy and sell these past few months and I'm sure they are happy with the great deals they got on their homes. Thank you for allowing me to provide you my real estate expertise and the opportunity to serve you, your friends and families in the future.

 

Now, I also must note that the market has never been this busy leading up to Christmas and the New Year. Thanks to a combination of positive factors over the past few months, the Calgary real estate market has seen lots of activity in a time where the seasonal slow down occurs as people prepare for the holiday season. In fact, I've experienced 3 multiple offer situations in the past 2 weeks, which shows that the market is still hot for the homes out there. In fact, there are some signs reminiscent to the start of the Calgary boom (lower inventory + lots of buyers + multiple offers 2004/2005)

 

The listing inventory continues to decline, which is great news for sellers! The fewer listings for buyers means more potential buyers for the current homes on the market and possibly the chance of competitive offers if the sellers priced correctly (Find out more Seller Tips here). Buyers, not to worry! There are still great deals out there, but you have to be very quick to react because the best deals sell the fastest (most in less than 1 week on the market)!

 

Just last weekend I went to see a home that just came out on the market the same day. I wrote an offer that afternoon. I submitted the offer an hour an later and by that time there were already 4 offers on the same place, and 3 more expected to come in before negotiations would take place. We changed our offer to reflect the situation and put in our best offer which was still over list price evidently not enough as the home sold for $70,000 over list price!! WOW! I haven't see that much of a spread in a while.

 

The moral of the story is that there are many great deals to be had in today's Calgary Real Estate market and the best homes sell quick. But you need the guidance of an experienced Realtor to help you make an educated decision to maximize your real estate investment.

 

Furthermore, the economy is on the rebound and the outlook for Calgary homes looks good. Currently, we still have some great interest rates, consumer confidence continues to rise, and with lower inventory of homes for sale, I believe we'll continue to see a strong market this winter and an upward trend in the start of 2010 (To see the full CREB monthly stats, click here). 

 

As a buyer, to maximize your chances of getting the best value for your dollar, you need to be prepared to act quickly. As a seller, this improved market place has shown signs that the worst is over, and the prices have stabilized and even increased in many neighbourhoods across the city.

 

Email me today in order to take advantage of today's marketplace.

 

DO YOU WANT TO KNOW WHAT YOUR HOME IS WORTH? OR WHAT YOUR NEIGHBOUR'S HOME JUST SOLD FOR? CLICK HERE TO FIND OUT

 

Thanks for reading and talk to you soon!

 

PS. If you or someone you know is in the market to buy or sell, please feel free to call me. I offer cash for referrals that turn into a deal. It's a WIN - WIN for everybody!

 

Paul, Pane, Dojcinovic – Real Estate Associate, B.C. (Marketing), C.C.S

Your Calgary and Area (403) Real Estate Specialist!
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KELLER WILLIAMS REALTY SOUTH
600, 11012 MACLEOD TRAIL S. CALGARY, AB T2J 6A5
C: 403-608-2191  | O: 403-278-6884  | F: 403-592-6831

Follow me on Facebook - www.facebook.com/CalgaryRealEstateDeals

October Sales solidify signs that the Calgary real estate market has rebounded, and in some cases, we have seen indicators reminicent of the start of the Calgary Sellers Market that stimulated the boom of the 2004-2005 era. I personally have experienced more than a handful of multiple offer situations recently where home prices are selling over asking price once again. Hence the increase in prices for Calgary homes and condos. For up to date information on the Calgary real estate market, or to find out if this is the right time to buy or sell please contact me so I can assess your current real estate situation.

Ps. Follow me on my facebookfan page for frequent Calgary Real Estate updates.

Paul Dojcinovic,

Calgary Realtor

Keller Williams Realty South

Direct line: (403) 608-2191
Email: paul@403realestate.com