With higher sales for both detached and semi-detached product, July sales totals rose above last year’s levels. Despite the improvements in July, year-to-date sales remain 15% lower than last year’s levels.
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Calgary Market Insider July 2020
After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totalling 1,747 units.
Caution remains necessary, as monthly sales are nearly 2% lower than activity recorded last year. However, this represents a significant improvement compared to the past several months, where year-over-year declines exceeded 40%.
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Virtual Tours & Open Houses
For home sellers in the era of covid-19, showing off your home to potential buyers may seem like an impossible task. As people practice social distancing to help stop the spread of the virus, most open houses are on hold, and in-person home showings are limited across the country.
Not so fast! There are still ways to reach potential buyers and show your home in the best light—through virtual tours. A “virtual home tour” can be a vague descriptor for many different things.
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Calgary Market Insider May 2020
After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63% over last year.
“The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in the energy sector is causing housing demand to fall,” said CREB® chief economist Ann-Marie Lurie.
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Calgary Real Estate and Coronavirus (COVID-19)
As your REALTOR®, I am actively monitoring news and updates on coronavirus (COVID-19) to best accommodate my clients, customers and business.
Under these current circumstances, it is more like business as UNusual. I, and my fellow REALTORS®, have never been obligated to put themselves or their clients or customers at risk and I can assure you that I will be thoughtful in how I approach each situation to ensure you, your family and I are safe and remain healthy. Don’t forget, I am always available for any questions or concerns, so don’t hesitate to reach out via email, phone or text.
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Calgary Market Insider March 2020
This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s.
With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer-term trends and consistent with the lower levels reported over the past five years.
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Sewer Lines & Your Responsibility
Many aging homes in Calgary have clay sewer lines that can be easily damaged by heavy machinery passing over a yard, ground settling/erosion, or from nearby tree roots. Calgary property owners are responsible for all costs associated with maintaining and repairing the sewer line from a homes plumbing system all the way to the property line.
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Calgary Market Insider February 2020
Housing market conditions continue to follow similar trends to last year, with gains in sales. At the same time, there have been further reductions in new listings, inventory and more declines in prices.
January sales activity was 863 units, nearly 8% higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five years.
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Calgary Market Insider January 2020
December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year.
A stronger second half in 2019 was enough to push annual sales up by 1%. “Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market,” said CREB® chief economist Ann-Marie Lurie.
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Calgary Market Insider December 2019
Year-to-date residential sales in the city remain just above last year’s levels due to improvements in the attached sector so far this year.
However, November sales activity eased over last year’s levels, mostly due to pullbacks in the apartment sector.
Meanwhile, new listings eased enough relative to sales to cause inventories to ease and the amount of oversupply to come down slightly compared to last year’s levels.
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