Smart Calgary Homes Blog

Calgary's Real Estate Market Report - May Edition

This month we entered a neutral market.

For Sellers: Homes are taking longer to sell, however the odds of selling increased by almost 9%. There is also less inventory on the market which means less competition.

For Buyers: More homes are selling below asking price, so don't forget to negotiate!

View all of this month's statistics below. Have questions? Contact us!

Remember, mortgage rates continue to be at a record low and with an experienced Realtor, its easy to get into a new home. Whether you're ready to buy and just looking for the perfect home, or you want to see all inventory out there, don't forget you can view all properties for sale in Calgary and area on our website.

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Events in Calgary this April

Spring is finally here! If you're starting on your spring cleaning this month, be sure to take a break every now and then to have fun! There is plenty to do in and around Calgary this month. Here are just a few options.

Spring Cleaning

Calgary Underground Film Festival

Mon. April 11 to Sun. April 17. Taking place at the Globe Cinema downtown, there are plenty of films to choose from. See just one film or buy a punch pass to view five films for the cost of four. Click for showtimes and full details.

Canmore Uncorked

April 6 to April 17. 2015 Winner of Canada's Event of the Year at the Canadian Tourism Awards. This festival includes everything from set price menus and experiences, to a Wine Festival and Big Brunch. See

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Calgary's Market Report for April

FOR SELLERS -- While homes are still selling slower than this time last year, last month we started to see sales bounce back up and continue on a positive trend. Days on market stayed the same from last month at 43 days, but now odds of selling increased 31.29% from last month. Months of inventory dropped from 5.04 to 3.83, bringing the buyer's market down and nearing a balanced market status.

While more homes are on the market, more homes are also selling, a jump from 1,130 home sold in February to 1,588 home sold in March. Looking good for sellers. Compared to last month there are 9.77% more homes selling at or above asking price, which means more money in your pockets. The average sold price dropped only 1.13%

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Calgary Market Report - March Edition

Last month, housing sales were slower than normal. With sales slowing and more listings coming on the market, the price of homes has continued to decline. This is the fifth consecutive month of price declines, however, this means that we continue to be in a Buyer's Market. If you are looking to buy a home, take advantage of the record low mortgage rates and explore the endless number of choices coming on the market.

Even though it's a buyers market, it is not all bad news for sellers. Compared to last month, the average home is selling for 3% more in price, 30% more homes are selling at or above asking price, and the odds of selling increased by almost 31%. Homes are also selling 18.6% faster than last month (a

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Events in Calgary this March

THE BIG TASTE 

On now until March 13th. A number of Calgary restaurants offer fixed price lunches and dinners giving Calgarians a chance to try different restaurants - Click for more details

THeBigTaste

TELUS SPARK: BODY WORLDS VITAL 

March 10 - May 31. This exhibition teaches about human anatomy using real human bodies that have been donated to science and preserved to show the body's structure in great detail - Click for more details

BOUTIQUE WEDDING MARKET 

March 12-13. This two-day wedding expo will show you some of Calgary's most creative artists and vendors. Plan your local wedding here - Click for more details

Wedding Shot

THE GRAPE ESCAPE 

March 18-19. Sample wine, spirits and beer from around the world with 30

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Calgary Home Sales continue to drop this year. As the warmer weather comes, more houses are listed on the market. Compared to last month, there are 83.8% more listings for sale, and the odds of selling decreased by almost 25%. Like last month, the average home stays on the market for 50 days, and it continues to be a Buyer's Market.

If you are considering selling your home, now is the time to start having that conversation with your Realtor to discuss strategy. With more homes on the market each month, inventory levels are rising. Combine that with a pullback in demand, meaning less buyers and fewer sales, it is getting harder to sell your home. The best thing you can do is contact us so we can evaluate the best options for you.

MARKET STATUS

Market Status - 13 month history   

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EVENTS HAPPENING IN CALGARY THIS FEBRUARY:

1) YYC Hot Chocolate Fest - Entire month of February: Click for more details.

HotChocolateFest

2) Family Day at the Fort Calgary Winter Carnival - Mon. Feb. 15, 2016: Click for more details.

3) The Wizard of Oz - Southern Alberta Jubilee Auditorium - Tues. Feb. 16 - Sun. Feb. 21: Click for more details.

4) The Little Prince - The Musical - At Theatre Calgary until Feb.28 : Click for more details.

The Little Prince

5) Body Worlds Vital - Telus Spark - Open until May 31Click for more details.

6) Calgary Home and Garden Show - Thurs. Feb. 25 - Sun. Feb. 28: Click for more details.

Home Show

7) Calgary Midwinter Blues Fest - Mon. Feb. 22 - Sun. Feb. 28: Click for more details.

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 HERE IS A LIST OF JUST SOME OF THE EVENTS HAPPENING IN CALGARY THIS JANUARY:

Calendar

1) '80s Solid Gold 2: A Musical Revue - Stage West Dinner Theatre - Now playing until Feb.7: Click for more details.

2) Calgary Homexpo - Stampede Park - Jan. 15-17Click for more details.

Home Show

3) Body Worlds Vital - Telus Spark - Open Jan.16 to May 31: Click for more details.

4) The Wedding Fair Calgary - BMO Centre - Sunday January 17: Click for more details

Wedding Fair.

5) The Little Prince - The Musical - At Theatre Calgary from Jan.19 to Feb.28 : Click for more details.

The Little Prince

6) The Brakemen Foundation 2nd Annual Celebrity Chef Showdown - Thurs. Jan. 28Click for more details.

7) Bridal Fantasy Calgary: The Boutique Bridal Show - Telus Convention Centre -

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Today Calgary's MLS is receiving some much needed updates.  Gone are the days of Calgary's four quadrants; NW, NE, SW, & SE as we now enter an era of eight zones.

Below is a list of the new zones;

  • North
  • Northeast
  • Northwest
  • East
  • City Central
  • West
  • South
  • Southeast

Along with the new zoning taking effect are some community name changes. This will include a merging of estates into their parent communities as well as some other notable name changes.  A few communities of note are;

  • Connaught / Victoria Park -> Beltline
  • Hanson Ranch -> Hidden Valley
  • Fonda -> Forest Heights
  • Lynwood / Riverglen -> Ogden
  • Mount Royal -> Upper Mount Royal
  • Richmond Hill / Signature Park -> Signal Hill
  • The Slopes -> Springbank
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Looking for plans to ring in the new year?

Here is a list of 10 Calgary events from family friendly to singles parties:

NYE

  1. Ice Skating at Olympic Plaza - party starts at 8pm, free skate rentals available:  Click here.
  2. Family Dance Party from 7-9pm at the Municipal Building (City Hall): Click here.
  3. Boardwalk Empire NYE Gala: Click here.
  4. Standard Speakeasy Enchanted NYE: Click here.
  5. NYE: Resolution at Flames Central - featuring some of Calgary's top hip-hop DJs: Click here.
  6. FunnyFest NYE at the International Hotel - laugh your way into the new year with this star-studded comedy show: Click here.
  7. Hyatt NYE Gala - cocktails, dinner and dancing in the Hyatt Regency Ballroom: Click here.
  8. New Year's Eve 5 course dinner at the
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