RSS

Posted on by
Posted in Home Buyers, Home Sellers, Investors
Daily Calgary Real Estate Stats at CREB.com

The CREB Daily Housing Summary provides up-to-date statistics on Calgary's real estate market, including the number of new listings, sales, and the average price of homes. It highlights key market trends and offers insights into the performance of different property types, such as detached homes, apartments, and townhouses. The report also compares current data with previous periods to show market changes over time.

For detailed statistics, visit CREB Daily Housing Summary https://www.creb.com/Housing_Statistics/Daily_Housing_Summary

Understanding Calgary's Real Estate Market with CREB's Daily Housing Summary

In today's fast-paced real estate market, staying informed is crucial for buyers, sellers, and investors. The Calgary Real Estate Board (CREB) provides an invaluable resource through its Daily Housing Summary, offering a snapshot of current market conditions.

Key Insights for Buyers

For buyers, the summary includes the latest data on new listings, sales figures, and average home prices. This information helps buyers understand the market dynamics and make informed decisions about when and where to buy. Knowing the number of new listings can help identify potential opportunities, while sales figures and price trends provide a sense of the market's competitiveness and overall health.

Valuable Data for Sellers

Sellers can leverage this data to set realistic prices for their properties. Understanding the average prices and sales volume in their neighborhood allows sellers to price their homes competitively, increasing the likelihood of a quick sale. Additionally, tracking market trends can help sellers decide the best time to list their property to maximize their return.

Strategic Insights for Investors

For investors, the CREB Daily Housing Summary is a goldmine of information. By analyzing trends in different property types—such as detached homes, apartments, and townhouses—investors can identify which segments are performing well and adjust their strategies accordingly. This data-driven approach helps investors make informed decisions about where to allocate their resources for the best returns.

Conclusion

Overall, the CREB Daily Housing Summary is an essential tool for anyone involved in Calgary's real estate market. By providing up-to-date and detailed market statistics, it empowers buyers, sellers, and investors to make informed and strategic decisions. For the latest market insights, visit [CREB Daily Housing Summary](https://www.creb.com/Housing_Statistics/Daily_Housing_Summary/).

Staying informed and adapting to market trends can make a significant difference in achieving success in real estate. Utilize the resources available through CREB to stay ahead in Calgary's dynamic housing market.

Read

Posted on by
Posted in Home Buyers, Home Sellers
How’s the Calgary Real Estate Market?

The latest CREB stats for May 2024 indicate notable trends across the entire Calgary residential market. Here are the key highlights:

1. Sales Growth:

  • Sales slightly decreased to 3,092 units in May 2024 from 3,117 units in May 2023.

  • Year-to-date (YTD) sales have increased, with 12,412 sales in 2024 compared to 11,162 in 2023.

2. New Listings and Inventory:

  • New listings have grown significantly, with 4,333 new listings in May 2024 compared to 3,650 in May 2023.

  • The total inventory has increased to 3,402 units in May 2024 from 3,214 in May 2023.

3. Days on Market:

  • The average days on market have decreased, indicating a faster-paced market. In May 2024, it stands at 19 days, down from 24 days in May 2023.

4. Pricing Trends:

  • The benchmark price for residential homes has risen to $605,300 in May 2024, compared to $552,700 in May 2023.

  • The median price increased from $507,000 in May 2023 to $562,500 in May 2024.

  • The average price saw a significant increase, reaching $612,772 in May 2024 from $552,412 in May 2023.

5. Price Range Sales:

  • There has been notable growth in sales across higher price ranges. For example, sales in the $700,000 - $749,999 range increased from 163 units in May 2023 to 186 units in May 2024.

  • Higher price brackets, such as $1,000,000 - $1,299,999, also saw substantial growth, with sales rising from 84 units in May 2023 to 132 units in May 2024.

6. Market Trends:

  • The average price, median price, and benchmark price have all seen a year-over-year increase, indicating overall price appreciation in the market.

  • The months of inventory have trended downward, suggesting a tightening market with increased demand relative to supply.

In summary, the Calgary residential market is experiencing robust growth with increased new listings, higher prices, and a quicker turnover rate, reflecting strong demand and a healthy market environment.

We offer free home evaluations for home sellers and ready to help home buyers anytime. 

Read

Posted on by
Posted in Home Buyers, Home Sellers
How’s the Townhome Market in Calgary?

The latest CREB stats for May 2024 indicate important trends in the Calgary townhome market. Here are the key highlights:

1. Sales Growth:

  • Sales have increased to 540 units in May 2024, up from 496 units in May 2023.

  • Year-to-date (YTD) sales have risen, from 1,822 in 2023 to 2,119 in 2024.

2. New Listings and Inventory:

  • New listings have grown significantly, with 688 new listings in May 2024 compared to 562 in May 2023.

  • The total inventory has increased to 424 units in May 2024 from 406 in May 2023.

3. Days on Market:

  • The average days on market have decreased, indicating a faster-paced market. In May 2024, it stands at 18 days, down from 20 days in May 2023.

4. Pricing Trends:

  • The benchmark price for townhomes has risen to $462,500 in May 2024, compared to $387,800 in May 2023.

  • The median price increased from $386,750 in May 2023 to $457,500 in May 2024.

  • The average price saw an increase, reaching $473,913 in May 2024 from $406,597 in May 2023.

5. Price Range Sales:

  • There has been notable growth in sales across higher price ranges. For example, sales in the $450,000 - $499,999 range increased from 55 units in May 2023 to 122 units in May 2024.

  • Higher price brackets, such as $500,000 - $549,999, also saw substantial growth, with sales rising from 43 units in May 2023 to 76 units in May 2024.

6. Market Trends:

  • The average price, median price, and benchmark price have all seen a year-over-year increase, indicating overall price appreciation in the market.

  • The months of inventory have trended downward, suggesting a tightening market with increased demand relative to supply.

In summary, the Calgary townhome market is experiencing robust growth with increased new listings, higher prices, and a quicker turnover rate, reflecting strong demand and a healthy market environment.

We offer free home evaluations for home sellers and ready to help home buyers anytime. 

Read

Posted on by
Posted in Home Buyers, Home Sellers
How’s The Market For Detached Homes In Calgary?

The latest CREB stats for May 2024 indicate notable trends in the Calgary detached home market. Here are the key highlights:

1. Sales Growth:

  • Sales slightly decreased to 1,385 units in May 2024 from 1,485 units in May 2023.

  • Year-to-date (YTD) sales have increased, with 5,538 sales in 2024 compared to 5,283 in 2023.

2. New Listings and Inventory:

  • New listings have risen significantly, with 2,036 new listings in May 2024 compared to 1,795 in May 2023.

  • The total inventory has increased to 1,596 units in May 2024 from 1,484 in May 2023.

3. Days on Market:

  • The average days on market has decreased, indicating a faster-paced market. In May 2024, it stands at 18 days, down from 22 days in May 2023.

4. Pricing Trends:

  • The benchmark price for detached homes has risen to $761,800 in May 2024, compared to $674,000 in May 2023.

  • The median price increased from $657,464 in May 2023 to $730,000 in May 2024.

  • The average price saw a significant increase, reaching $822,873 in May 2024 from $733,230 in May 2023.

5. Price Range Sales:

  • Sales have increased in higher price ranges. For example, sales in the $700,000 - $749,999 range increased from 143 units in May 2023 to 168 units in May 2024.

  • Higher price brackets, such as $1,000,000 - $1,299,999, also saw substantial growth, with sales rising from 70 units in May 2023 to 106 units in May 2024.

6. Market Trends:

  • The average price, median price, and benchmark price have all seen a year-over-year increase, indicating overall price appreciation in the market.

  • The months of inventory have trended downward, suggesting a tightening market with increased demand relative to supply.

In summary, the Calgary detached home market is experiencing robust growth with increased new listings, higher prices, and a quicker turnover rate, reflecting strong demand and a healthy market environment.

We offer free home evaluations for home sellers and ready to help home buyers anytime. 

Read

Posted on by
Posted in Commissions, Home Buyers, Home Sellers, Investors
Calgary Real Estate Market Update: May 2024

As we welcome the warmth of spring in Calgary, the real estate market is showing signs of renewed activity. In this article, we'll delve into the current state of the market, exploring trends, statistics, and expert insights to help you make informed decisions.

Market Overview

The Calgary real estate market has experienced a steady recovery since the pandemic. According to the Calgary Real Estate Board (CREB), April 2024 saw a 12% increase in sales compared to the same period last year. This growth is largely driven by the detached home sector, which accounts for over 60% of total sales.

Detached Homes

The detached home market is leading the charge, with a 13% year-over-year increase in sales. The benchmark price for detached homes rose 1.3% month-over-month to $749,000, and 13% year-over-year. This growth can be attributed to increased demand, particularly in the $500,000 to $1,000,000 price range.

Semi-Detached and Row Homes

Semi-detached and row home sales have also seen a significant uptick, with a 15% year-over-year increase. The benchmark price for semi-detached homes rose 1.5% month-over-month to $520,000, and 10% year-over-year. Row home prices saw a 1.2% month-over-month increase to $430,000, and a 9% year-over-year increase.

Condominiums

The condominium market is slowly gaining momentum, with a 5% year-over-year increase in sales. The benchmark price for condominiums remained stable, with a 0.5% month-over-month decrease to $270,000, but a 3% year-over-year increase.

Neighborhood Spotlight: Beltline and Downtown

The Beltline and Downtown areas are experiencing a surge in popularity, driven by the demand for inner-city living and proximity to amenities. Sales in these areas have increased by 20% year-over-year, with the benchmark price for detached homes rising 15% to $1,200,000, and condominium prices increasing 5% to $400,000.

Expert Insights

"Calgary's real estate market is showing promising signs of growth, particularly in the detached home sector," says Jerry Charlton, a seasoned real estate agent with years of experience in the Calgary market. "As the economy continues to recover, we expect to see increased demand and prices stabilizing. It's an excellent time for buyers to explore their options and for sellers to capitalize on the growing market."

What's Next?

As we move into the summer months, we anticipate the market to remain active, with continued growth in the detached home sector. Interest rates are expected to remain stable, making it an attractive time for buyers to enter the market. Sellers, on the other hand, should consider pricing their properties competitively to attract potential buyers.

Conclusion

The Calgary real estate market is poised for a strong summer season, driven by the detached home sector and growing demand in popular neighborhoods like Beltline and Downtown. Whether you're a buyer or seller, it's essential to stay informed and adapt to the changing market conditions. Contact Jerry Charlton and his team to navigate the market with confidence and expertise.

Stay Informed

Subscribe to our newsletter for regular market updates, expert insights, and exclusive listings. Follow us on social media for the latest news and trends in the Calgary real estate market.

Get in Touch

Contact Jerry Charlton and his team to discuss your real estate needs and goals. Call (403) 123-4567 or email jerry@jerrycharlton.com to schedule a consultation today!

Read

Posted on by
Posted in Home Buyers, Home Sellers

The Calgary Real Estate Market is going through a transition phase we have seen before. After years of slow to no growth in prices, the past three years have more than made up for it. Prices jumped over 20% in quite a few communities in the past year alone. These huge jumps are not normal and happen after long periods of sideways price action. I having seen this movie before, expect some slight pull backs before leveling out once again with these higher prices becoming the new normal. 

2024 April Calgary Housing Sales Report
2024 MLS Home Sales Report for the City Of Calgary
2024 MLS Home Sales Report for the City Of Calgary
MLS Calgary Community Map

Read

Posted on by
Posted in Home Buyers, Home Sellers

Deciding the Best Approach: Sell or Buy Your Calgary Home First?

When embarking on a new home search as a current homeowner, a significant question arises: should you sell your existing home before seeking a new one, or vice versa? Let's delve into both strategies to determine which might be best for your unique circumstances.

The Case for Selling First

Advantages: Selling your current home before diving into the housing market can offer clarity and negotiation power. With the proceeds from your sale, you'll have a clear budget, enabling you to focus on homes within your price range. This certainty empowers you to make compelling, unconditional offers, which sellers often prioritize. As a result, you may secure a better deal or snag your dream home before others.

Considerations: The main concern with selling first is the potential gap between the sale of your old home and the purchase of a new one. This could mean seeking temporary housing, which may not be ideal for everyone. Before choosing this route, assess the feasibility of temporary living situations and weigh the potential inconveniences against the benefits.

Reasons to Buy First

Advantages: Choosing to buy before selling might stem from stumbling upon a rare property or an incredible deal that's too good to pass up. By securing your next home, you avoid missing out on exceptional real estate opportunities.

Considerations: This approach is not without risk. If you face delays selling your old home, you might be burdened with two mortgages. While a home evaluation provides an estimate, the final selling price can be unpredictable. Shouldering the costs of two properties may strain your finances, and in worst-case scenarios, force a hasty sale at a discounted price. Evaluate your financial resilience and risk appetite before opting to buy first.

Navigating Conditional Offers

Overview: Another strategy is placing a conditional offer contingent upon selling your current home within a defined timeframe. This middle-ground approach can offer some flexibility and security. However, it's worth noting that conditional offers may not pack the same punch as firm offers in sellers' eyes, potentially reducing your negotiation leverage.

Drawbacks: Sellers may perceive conditional offers as less serious, meaning you may have to augment your offer to secure the property. Additionally, even if your offer is accepted, there's always a risk another buyer could outbid you before you complete your sale. Moreover, you're bound by the timeframe set in the conditional offer, potentially sidelining you from better deals.

In conclusion, whether you decide to sell or buy first, ensure you're well-informed, consider all scenarios, and consult with professionals to make a decision that aligns with your needs and financial well-being.

Read

Posted on by
Posted in Home Buyers, Home Sellers

Discovering Calgary's Up-and-Coming Neighborhoods

Calgary is a vibrant city with pockets of growth, innovation, and transformation. When searching for a home, it's beneficial to identify neighbourhoods on the brink of blossoming. Here's how you can spot a Calgary neighbourhood that's trending upwards:

1. **Pride of Ownership Shines Through**

Stroll through the streets and observe the homes. An area where residents take pride in maintaining their properties — manicured lawns, well-kept gardens, and tidy exteriors — speaks volumes about the community's spirit. Such neighbourhoods often indicate resident satisfaction and a sense of belonging.

2. **Real Estate Dynamics**

Are homes selling like hotcakes? And at impressive prices? A surge in real estate activity can signal that a neighbourhood is in demand. Quick sales, coupled with good pricing, can be indicative of a community's rising popularity.

3. **Thriving Local Businesses**

Business investments can be a bellwether for neighbourhood growth. The emergence of upscale boutiques, gourmet eateries, fitness centers, and other local businesses often coincides with the upward trajectory of an area. Such businesses choose to establish in regions they believe have a promising future and a growing clientele.

4. **City's Development Blueprints**

Tap into the City of Calgary's vision for the area. Are there infrastructural enhancements or major developments in the pipeline, such as new schools, parks, or community hubs? While these projects might bring short-term disruption, they usually translate into long-term community benefits and can significantly uplift the neighbourhood's appeal.

In essence, recognizing a neighbourhood's potential is an art that combines observation, research, and a bit of foresight. If you're navigating Calgary's dynamic housing market and need insights on emerging areas, don't hesitate to reach out for expert guidance.

Read

Posted on by
Posted in Home Buyers, Home Sellers

Breaking Free: How the Fear of Change Could Be Limiting Your Potential

Have you ever wondered why, even when we recognize the potential benefits, embracing significant change can feel so daunting?

From a psychological perspective, there's an innate human tendency to favour the "status quo" or the known. This powerful inclination towards familiarity can often override our aspirations, especially when things seem "just fine." Consider, for instance, the thought of transitioning from your current home to your dream residence. While the allure of a better, more suitable space is appealing, the comfort of the familiar can anchor you to your existing circumstances, making the jump seem challenging.

Visualize to Realize

To challenge this inertia, take your dreams from abstract to tangible. Begin by articulating your ideal living scenario. Desire a 3-bedroom detached home in a bustling family-centric community? Crave specific amenities like a spacious backyard, gourmet kitchen, or minimalistic interiors? Get detailed. By documenting your desires, you're translating your aspirations into something more concrete, making them feel achievable.

Shatter Assumptions with Facts

Before succumbing to hesitations, equip yourself with knowledge. Rather than speculating, dive into the specifics. Understand the potential market value of your current property. Research what your dream home might cost. By grounding your aspirations in real numbers, you can assess the feasibility of your dreams with clarity.

The First Step to Your Dream Home

Discovering that your dream home is within reach can dissolve those psychological barriers. Remember, every significant journey begins with a single step, and that step often requires challenging the comfort of the familiar.

If you're ready to explore the possibilities and get a clear picture of your home transition, I'm here to guide and provide the insights you need. Reach out, and let's embark on this transformative journey together.

Read

Posted on by
Posted in Home Buyers

Welcome to "The MLS® Portal"

Reverse The Home Hunting Process - Make Properties Find You - End Online Search Frustration!

MLS Portal for Calgary Real Estate

Welcome to The MLS® Portal, your single access point for MLS® listing information, brought to you by Jerry Charlton

When you arrive at The MLS® Portal, you may find it convenient to save its website address as a favourite or bookmark in your web browser. This will enable you to easily visit The MLS® Portal at any time.

Listing Information is Provided By Jerry Charlton. 

Jerry Charlton may email listing information to you in two ways: manually or automatically. Both types of emails contain a hyperlink which you can click to visit The MLS® Portal and view the listing information Jerry has prepared for you.

  • Manual ("Direct") Emails: Jerry Charlton may personally compile and send MLS® listing information for you. These emails contain a link to The MLS® Portal where these listings are available for you to view. This collection of listings will remain available for you to view on The MLS® Portal for 60 days.
  • Auto Emails: Jerry Charlton may also arrange for you to receive auto emails. These are also personally set up and controlled by Jerry Charlton but dispatched by the MLS® system itself, based on your criteria. Auto emails also contain a link to The MLS® Portal where matching listings are available for you to view. Auto emails will continue to be sent to you until you ask Jerry to stop them or you unsubscribe from the service yourself.

On the Start tab, you'll see links to any Direct Emails and/or Auto Emails Jerry has prepared for you. Click on one of those links to view the associated listings.

For additional MLS® Portal Tutorials and Guides visit the link below:

Customer Portal Video Overview

Read

Posted on by
Posted in Home Buyers

How Much Mortgage Will A Home Rental Payment Carry?

If you cannot pay for a home in full, you are renting. Either you are renting someone else's home or you are renting the money to be able to call it your own home. The big difference is in who gets the equity from your monthlyRent or Own shouldn't even be an argument. Stop Renting Houses, Rent Money Instead. payments. You can rent money via a mortgage and keep the equity or you can add to the landlord's equity every month. Much better to pay yourself by renting the money to buy a home.  

What can you afford? Well, you are probably paying rent plus utilities plus insurance and maybe minor repairs. So chances are good you can afford a mortgage payment based on your rent payments.

This first calculation should be How Much Mortgage would your current home rent payment carry. It's easy to figure out yourself with an excel spreadsheet. Or you could just ask me. Jerry@JerryCharlton.com

But here are the instructions to do it yourself.

You need the formula for a Microsoft Excel spreadsheet based on Canadian Mortgages.

This present value formula is for Canadian Mortgages with Interest Calculated Semi-Annually.

Replace Mortgage Rates with your rate or a cell reference. Same for Amortization and Payment You Can Afford.

=-((PV((1+Mortgage Interest Rate/2)^(1/6)-1,Amortization in Years*12,Monthly Payment You Could Afford)))

The next step is to divide the mortgage amount by the amount you need to finance.

Example 223,231.11 / 95% - 223,231.11 = the 5% Down You Need $11,749.01

Down Payment Plus Mortgage equals $234,980

Here's a quick reference table for you to see the possibilities. Of course, you still would need to qualify for a mortgage, but at least you would know what monthly payment range would be comfortable for you.

Rent Payment Mortgage Interest Rate
    2.50%
 $ 1,000.00 $223,231.11 Amortization
 $ 1,100.00 $245,554.22 25
 $ 1,200.00 $267,877.34
 $ 1,300.00 $290,200.45
 $ 1,400.00 $312,523.56
 $ 1,500.00 $334,846.67
 $ 1,600.00 $357,169.78
 $ 1,700.00 $379,492.89
 $ 1,800.00 $401,816.00
 $ 1,900.00 $424,139.11
 $ 2,000.00 $446,462.23
 $ 2,100.00 $468,785.34
 $ 2,200.00 $491,108.45

We have highly qualified Calgary Mortgage Agents standing by to help you.
Get started today and make yourself rich... not your landlord.

We will also help you become The Landlord as your Trusted Real Estate Investment Advisors!

How To Stop Making Your Landlord Rich and Instead Build Your Own Wealth with Calgary Real Estate

Read
Newer posts : page 1 Older posts : page 3
Categories:   Canyon Meadows, Calgary Real Estate | Commissions | Condos | First Time Home Buyers | Foreclosures | Home Buyers | Home Sellers | Investors | Mortgages
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.