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.

 

 

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
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