A review of CREB’s numbers from April’s sales can be at first glance a bit sobering. Inventory is up 32.73% year over year and sales are down -20.11% year over year compared to April of 2017. Calgary sales remain well below the 10 year average by about 25%. This has resulted in the absorption rate rising to 4.82 months which is firm territory for a buyers market. Some segments and areas of the market are seeing larger slow downs than others. The largest appears to be in the Detached Single Family Home sector, with the North, Northeast and East Districts all experiencing the greatest declines. The stronger districts remain the South, City Centre and Southeast Districts. The average days on the market depends on the community, but many are in the 40-50 day range, which...

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Choosing an agent to represent you in either the sale or purchase of a home (we’ll include condos in the generic term of home) is an important part, perhaps THE most important part, of beginning your quest to sell or buy a property. Unfortunately, many people mistakenly put too much emphasis on things that they only think are most important. Home improvement and real estate shows have put predictably edited-for television versions of the truth into our psyches, so we associate reality TV shows with actual reality. ( You are allowed to look at more than three homes). So if you don’t want to end up with the wrong person, read on.

If you read much of what agents use in their marketing, words such as ‘Integrity’, ‘Trust’, and ‘ Experience’ are...

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CIR_LOGOemailWe’re excited to announce that Scott Baker & Associates have made the move to CIR REALTY, Calgary’s largest real estate brokerage. Anyone who knows me, who has ever worked with me, knows that I do my research, consider options, and make informed decisions when it comes to life’s big decisions. I’ve personally had two doctors and two dentists in my entire adult life. I am loyal and slow to change, and a career move affects my clients, my family, and our business model. I can tell you that this was really a no-brainer. Here’s why:

Today’s real estate is fast paced. It requires the latest technology and tools to reach an ever-changing real estate owner’s demographics in a way that they want to respond to. Buyers and sellers have access to a great...

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hospitalThe population of Calgary’s Deep South communities is growing, and with that comes new schools, services and retail stores to support this rapidly expanding part of the city. The communities of Cranston, Auburn Bay, Mahogany, and Seton, New Brighton and Copperfield are seeing new amenities open nearby almost weekly, as their numbers continue to grow. The South Health Campus was the first major project completed. It was the beginning to a massive list of projects.

‘If you build it they will come’ was the line from the movie Field of Dreams. I would say that rather, in this case, people have already arrived, creating the demand for the development of new schools, numerous retail centres, and other amenities such as recreation and entertainment facilities. Take a look...

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What happened, What’s Next?
crystal-ballOur market activity and prices were down from 10 year averages in 2016, and also from 2015, but sale prices are not off as badly as you may think. Real estate is always specific to your community and the product (type of home) you are buying or selling. City wide, apartments were off 15% in sales, but only 1.7% in median price. In other words, it took longer to sell and buyers had lots of choices. This is similar to 2008/2009, and it’s due to the over supply of new units built. Happens in every boom/bust cycle.

Attached homes were off 5.5% in sales and 0.9% in median price. Single family homes were off 2.6% in sales and 0.2% in price. It took 42 days to sell, compared to 38 in 2016. That stat really, really depends on your location. A softer market also...

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