Calgary's Housing Market...

What to expect in the first Quarter of 2012 

     The first quarter of 2012 will likely lage a bit with inventory selection low & the majority of properties coming on the markets being those that didn't sell last year. For the most part they didn't sell due to asking price & for the most part they're coming back on the market at the same price they left at. I understand seller needs as much as the next person, but unfortunately the market isn't agreeing with them. 2011 saw home prices in most ranges & areas fall a bit then start to firm up towards year end. To date there is no indication from the market that prices are going to start to rise, but with our healthy job market that may change in the second quarter. 

     Calgary Real Estate board predictions for 2012 are positive. Sales are predicted to increase by 8% over last years total of 23,340. Average price is also predicted to rise by 2% over last years average price of $407,637. Over all I think 2012 is showing great potential with the Oil patch doing well and businesses expanding & growing. The biggest question yet to be answered for 2012 is whether consumers are willing to start buying. We enjoy record low mortgage rates in the 3-4% range. Home prices are likely at the bottom or very close & Calgary's a great place to live. Owning a home is a long term investment & thought of as that it's going to treat you well. 
 

Lets consider the positives:
-Real Estate prices go up & down in cycles but over time preform very well
-More wealth has been created through Real Estate than any other single item
-We need somewhere to live. Lets make it one we enjoy
-You buy & sell in the same market it`s all equal

      I`m here to help you one on one, face to face. We bring over 20 years of top professional knowledge, service & experience to the table to ensure you get the best results whether you`re buying of selling a home. On buying I know the market & listen to you`re needs & help guide you to finding the perfect home. Selling I`ve got customized programs using the latest technology & tools to get you better results, quicker & easier. Over my Real Estate career I`ve made many friends through past clients who today through repeat & referral make up over 70% of my business. The market sets prices but using my services you can be assured that we`ll always come out far ahead of the pack.

Link to latest Calgary Real Estate Newsletter...