At the end of January 2017 we saw positive numbers across the board. Sales are up on average for the city of Calgary 24% and inventory is down -18%. This is comparing January 2016 vs 2017. It is clear that the tide has turned and the real estate market is stabilizing. This is represented in the graph above.
Here is how the individual sectors break down during the same timeframe and comparison.
Single Family Homes
Detached - Sales up 25% & Inventory down -27%
Semi-Detached - Sales up 17% & Inventory down -24%
Row/Townhouse - Sales up 30% & Inventory down -17%
Apartment - Sales up 17% & Inventory up 1%
As you can see three of the four sectors are trending in the right direction in both sales and inventory. Even the apartment condo sector has improved sales with inventory staying static.
With demand increasing and supply decreasing, we are seeing more buyers competing for homes and prices stabilizing. This is a great start to the 2017 Calgary real estate market and looks to be a solid foundation for the spring market only a few months away.
If you have been waiting for prices bottom out in the detached, semi-detached, and row/townhouse markets, it has happened. It is time to get out looking and be ready to buy.
If you are looking for an apartment style condo it is a still a sector to monitor, specifically the inner city market. If you do see a good deal, take it. We are close enough to the bottom for you to miss out on the right condo that fits your needs.
Active in Calgary real estate since 2007, David has seen every type of market and knows how to help his clients navigate the tough waters. Each situation is unique and requires an individual plan of action to ensure each client achieves their goals. David believes that to truly help someone he needs to clearly identify their needs and work with them to meet them.
As a trusted advisor to many people over the years David has learned one important thing that he holds as the core value in his business: trust. It is vital that in any relationship there must be a strong sense of trust between him and his clients. Tough decisions have to be made along the away for both buyers and sellers, and they will rely on his advice to make that tough call correctly. He holds true to his own values, including honesty, and will never sell a dream just to get something done.
Ultimately David's main goal is to exceed expectations so that the client is not only satisfied with the result of their real estate experience, but happy to refer their friends and family to him. With this mindset and goal, clients always come first and their best interests remain top of mind.
In today's constantly evolving real estate industry, David continues to not only use the skills he possesses but sharpen and develop new ones that become important along the way. A strong understanding of technology and marketing is a huge part of today's business and is something David excels at. As a strong negotiator, David always gets the most possible for his clients. Clients will always have the best avenues available to help them buy and sell, making the road to reaching their goals a fun, easy, and efficient one.
At the end of January 2017 we saw positive numbers across the board. S
"I had tried to sell my home before working with David and it was on the market for more than three months. A friend of mine referred me to David when I mentioned I wanted to try and sell my home again and I cannot say how happy I am that I worked with David. He managed to get my home off the market in less than a week in a tough market and went out of his way in finding creative solutions to getting me the price I wanted for the home. He is honest, upfront and extremely action oriented going out of his way to make the process as easy for you as possible. I would highly recommend David to anyone looking to buy or sell property. Thank you David!"