Archive for the ‘Calgary’ Category
Thursday, June 5th, 2008
Alberta Real Estate Watch
From Mike's StatsTotal Sold March: 565Total Sold April 1-13: 258Estimated condo sales April = 258*30/13 = 595Estimated increase over March = (595-565)/565 = 5.4%Estimated condo sales YOY = -29%
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Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
The REALTORS Association of Edmonton put out a Radio Ad discussing market conditions from the first quarter. I found it interesting enough to duplicate most of it below:With three months of data to back it up I think we can safely say the market ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
When prices decrease a larger percentage of lower-priced homes sell. Low-priced may not mean the same thing as low-end in a environment of decreasing prices. I don't know whether to interpret this as useful information or a sophisticated way of implying that the sales ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
From 15 real estate myths and realities:Generally though, British Columbians, and Lower Mainlanders in particular, are pretty savvy about their property, the experts believe, with so much information out there about real estate, between Real Estate Weekly, the real-estate sections in newspapers, the realtors' Multiple Listing ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
'Bear' with this cheap post while I wait for Realtor board press releases. They will be juicy.From Bob Truman's What's New:Apr 13Last year, sales of SFH dropped from March to April. This year, April sales are 7% ahead of March sales. Condo sales are 24% ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
The CREB has cooled down somewhat and acknowledged the buyer's marker in their most recent update. Let's look back at one indicator they have been using to track the market, and how it has been changed over time.Below are some charts showing absorption rates from ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
From the Realtors Association of Edmonton April report:April sales of all types of residential property through the Multiple Listing Service® were lower than the two previous years at 1,823 units but higher than the more typical years of 2004 and 2005.It's technically correct by ignoring a ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
Mr. Perras was one of the experts quoted in the article How real estate went from boom to buyer's market in the blink of an eyeQ: Should I buy now or wait?Perras: "I think it's a great time to buy now. If we're going to see ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
Below are some interesting ways to describe falling real estate values in Alberta:"Relaxing House Prices"Edmonton Journal, May 07, 2008"Softening In Prices"Edmonton Journal quoting Marc Perras, May 06 2008"The market is no longer bearing the prices that it did a year ago"Ed Jensen, CREB, May 1, 2008MLS® ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
"Those are the people that went out and bought four, five, six, seven condos in a building that wasn't going to be built for two years. All of those buildings are now being completed. Those people did not want to be landlords. They were going to ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
There was higher percentage of high-end homes sold this April. Here are the numbers compared to 2007: $1million +April 2008: 3.08%April 2007: 1.50%These sales skewed the average price ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
Below is a table comparing American median detached home prices from Q1 2008 to Edmonton, Calgary and Vancouver. Canadian prices are median from April 2008, Vancouver is benchmark instead. Edmonton includes the region, Spruce Grove, leduc, Morinville etc. Calgary is for Calgary ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
By critizing Bob Truman I let him know that he and his website are #1. It is my way of showing appreciation of a Calgary REALTOR for performing structured queries on a database I do not have access to and posting the numbers on his ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
If you want to sell you need to lower your price. Follow the steps below to arrive at a more reasonable asking price.1. Find a similar property listed on the MLS. By similar I mean the same number of bedrooms/bathrooms in the same location.2. WRONG. That ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
Obfuscated definition:Darkened or cast in the shadow or background; obscured by withholding proper light or emphasis; hence, confused, bewildered or lost sight of. Obfuscation refers to the concept of concealing the meaning of communication by making it more confusing and harder to interpret.Lets look at the ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
Alberta Real Estate Watch
The monthly numbers are out for Edmonton and Calgary and there is a lot to cover.From Edmonton's report: Never been a better time to buy a home, says REALTORS® AssociationMay sales exceeded same month sales in 2003 and 2004 but were below May sales for 2005-2007 ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
FindCalgary.com Blog
We’re bombarded by differing news from various sources (FindCalgary.com Real Estate News Archive)
Some predict “moderate” growth, others a “correcting” of real estate prices.
“The 2008 forecast for Calgary prices is significantly different depending on who is making the prediction. Re/Max’s forecast is for prices to remain the same ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
FindCalgary.com Blog
Here’s how the Calgary real estate market in January stacked up compared to January’s of previous years.
The following chart is combined sales (SFH’s and Condos) as this stat used to be recorded as one by CREB.
The chart below depicts median and average condo prices in January since 2004.
The chart ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
FindCalgary.com Blog
Here’s how the Calgary real estate market did in February 2008:
Single Family homes prices increased from January 2008 and YoY. The median price in February 2008 was $428,000 showing a 4.9% increase over February 2007 ($408,000) and a 4.4% from last month ($410,000)
You can read CREB’s full February MLS ...
Posted in Calgary | No Comments »
Thursday, June 5th, 2008
FindCalgary.com Blog
At least, that’s what some people (see: sellers) are hoping will happen to all the inventory that has been recently listed. Month-to-date, SFH inventory has been growing at an average of 40+ homes per day, and that’s even with subtracting the homes that sold.
For example on April 18th, ...
Posted in Calgary | No Comments »