By: Doug Cabral

June 2020 Market Report

Tags: Calgary, YYC, Real Estate, Market Report, Homes,

Long and short of June is that, some of the lagging effects on price from the decline in sales activity as a result of Covid 19 started to take effect, but at the same time we saw a big rebound in market sales activity as the month progressed. In fact, after 3 long months of the heavy effects on our local real estate market as a result of the pandemic, our sales activity trended up to just 2% lowe...Read More

By: Doug Cabral

April Myth Buster

Tags: YYC, CALGARY, REALTOR, REAL ESTATE, DOUG CABRAL, ROYAL LEPAGE, BENCHMARK, MYTHBUSTER

Myth:  I'll net a better sale price for my home if I wait for this lockdown to be over and hold off selling until later in 2020.   Bust:  When the lockdown is over there will be an increase in activity. What there also will be is more listing competition.  With effects from the lockdown and low oil pricing, YYC is forecast for further price declines of ~3% throughout 20...Read More

By: Doug Cabral

May Mythbuster

Tags: CALGARY, YYC, REAL ESTATE, MYTHBUSTER, REALTOR, DOUG CABRAL, BENCHMARK, ROYAL LEPAGE

  Myth:  It's probably OK to just test the market and try to list a bit high...   Bust:    Many sellers believe that if they price their home high initially, they can lower it later.  Often, when a home is priced too high, it experiences little activity. Gradually, the price will come down to market value, but by that time it's been for sale too long and...Read More

By: Doug Cabral

Market Update - May 2020

Tags: YYC, CALGARY, YYC REAL ESTATE, YYC MARKET REPORT, MAY

So what’s happening in the market as we start the last month of Q2-2020?  Well in regards to May stats, city-wide the housing market remained slower than long-term averages, however most certainly saw improvement over April and continued it’s upward momentum through the month of May.     Speaking with some of my preferred mortgage brokers last week, all had the sa...Read More

By: Doug Cabral

Market Update - April and Q1 2020

Tags: YYC, Calgary, YYC Real Estate, YYC Market Report

Normally we focus our updates specifically on year over year numbers and the previous months stats on sales activity, days on market and pricing.  However there has been this huge elephant in the room lately.  Most of my questions from clients and prospects have been focussed more towards COVID-19, the effect it’s had on the market thus far, and what I expect is yet to come.  ...Read More

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