Sales improve as consumers have more choice

Posted by Nancy Ball on Thursday, June 5th, 2014 at 5:20pm.

 

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Sales improve as consumers have more choice

 

City-wide price gains and better weather support year-over-year gains in new listings

Calgary, June 2, 2014 – Residential sales in the city of Calgary totaled 2,948 units in May, a 16 per cent increase over the previous year. Sales last month were well above long-term trends and are the highest May activity on record.

“Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages,” says CREB® chief economist Ann-Marie Lurie. “Leading up to May, resale market sales were somewhat restricted by lack of choice. However, recent price gains have encouraged growth in new listings, helping meet some of the housing demand.”

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Poll finds Calgary homeowners expect to make a lot of money when they sell

The average Calgary homeowner is expecting a 47 percent return on investment on their property, according to a new poll released Tuesday by BMO.

The report said 33 percent of Calgary homeowners believe their property has doubled in value from the time of purchase. The poll, conducted by Pollara, said the average purchase price of a home for Calgarians was $308,541 and $260,642 for Albertans.The average expected sale price for Calgarians is $452,769 and $403,287 for Albertans. The average expected return on investment is $144,228 for Calgarians and $142,645 for Albertans. The poll said 32 percent of Canadians believe their home is worth at least twice what they paid for it. According to the Calgary Real Estate Board, the average MLS sale price of all residential properties so far this year in the city is $479,518, up from $136,711 in 1994.

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10 First Time Homebuyer Mistakes

Owning a home has long been the quintessential symbol of achievement. Perhaps it has something to do with how owning property sometimes represents both the ultimate individual accomplishment and a person's patriotic dedication to his or her country. However, even after you've scrimped and saved enough for a nice down payment, buying a house is not as easy as you may think. As it turns out, this dream can quickly turn into a financial nightmare if you're not careful.­ ­

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Protect Yourself Against Summer Break-Ins

Summer has the highest percentage of burglaries while people away on vacations, or leaving windows and doors open at night or while they work in the garden. A residential break-in happens every 90 seconds in Canada., about 30 percent of all burglaries are through an open or unlocked window or door and over 85% of break-ins are by non-professionals that are usually more desperate and dangerous.  Break-ins cost Canadian insurance companies millions of dollars each year in claim payments and passed onto policyholders through increased premiums. 

To prevent burglaries, it's important to understand who commits these crimes and why.

  Read more »  

Stage Your Home for Maximum Profit

 

Home Staging Facts:

  • You only have the first 10 seconds of a showing to make a first impression 
  • Over 90% of buyers use the internet to browse homes for sale. Make yours stand out 
  • Sellers who spent $500 on staging recovered over 343% of the cost when they sold their home. (Homegain.com)
  • Houses that are not staged sit on the market twice as long as a home that is staged
  • It is more difficult for buyers to visualize living in your home if it is cluttered

Visit my website at http://www.nancyball.ca/home-staging.php for more information about staging your home for sale.

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May 2014 Statistics

Calgary May 2014 Statistics

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