Blog - June, 2015

June 2015 - Will the neighbourhood go up in value?

When you purchase a home, you’re hoping it will continually go up in value — just like a good investment. 

However, there’s something else that you want to see go up in value as well: the neighbourhood. In fact, the neighbourhood plays a key role in what the home will be worth in years to come. If the neighbourhood goes down in terms of desirability, so will the market value of the home. 

That’s why, when shopping for a new home, it’s important to get a feel for the value of the neighbourhood, and whether or not it’s on the upswing.  

How do you do that? One way is to simply take a walk. Look at the properties. Are they well maintained? Is the landscaping groomed and attractive? Those are signs of “pride of ownership” — a clear indication that…

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AIRDRIE MARKET UPDATE (Based on 30 days) - June 1st 2015

Active: 383
Sold: 145
Average List Price: $400,593
Average Sale Price: $393,529
Average Days on Market: 37 Days 
Sellers are getting 98% of asking price, 37% of homes on the market today are expected to sell within the next 30 days. The absorption rate it at 2.64% meaning we are currently in a balanced market.

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CALGARY MARKET UPDATE (Based on 30 Days) - June 1st 2015

Active: 5469
Sold: 2121
Average List Price: $493,454
Average Sale Price: $481,452
Average Days on Market: 41 Days
Sellers are getting 98% of asking price, 38% of homes on the market today are expected to sell within the next 30 days. The absorption rate is at 2.57% meaning we are in a balanced market

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June 2015 - Should You Sell First and Buy Later? Or Vice-Versa?

When you’re thinking of selling your home and buying another, you face the inevitable question: Should I list my property first or buy my new home first?   Let’s take a look at both options.  If you attempt to buy a property before listing your home, you run into a couple of challenges.   First, sellers may not take you seriously as a potential buyer. After all, you haven’t put your own home up for sale. As far as they’re concerned, you might merely be testing the market.   Second, your property might not sell as quickly as you thought it would. If there is an early closing date on the home you purchased, you might end up owning, and paying a mortgage on both properties, at least until your home sells. 

If, on the other hand, you list your property…

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