Steve Bradford -Re/max Realty Professionals

08/05/2022

3 REASONS TO BUY A HOME IN TODAY'S SHIFTING MARKET

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BUYER OPPORTUNITY

08/03/2022

JULY 2022 MARKET UPDATE – HEY CHICKEN LITTLE…THE SKY IS NOT FALLING!

Enough of the media click bait out there…if all you ever read about real estate was an article’s heading and don’t dive into the real statistics…you would think the real estate market is in shambles…FAR FROM IT!

Yes, the market IS ADJUSTING from what we saw earlier in the year…but the reality is, the MARKET REMAINS FAR TIGHTER AND ROBUST than it was prior to the pandemic, as evidenced by just over 2 months of supply and Benchmark Pricing down less than 1% from last month.

General Highlights:
• Residential total sales in July 3% lower than last year, but still amongst strongest levels recorded.
• Rising lending rates causing a rise in new listings in higher-priced product, and a lack of supply in lower-priced detached and semi-detached product.
• Listings for homes below $500k fell by 18% and conversely Listings for homes over $500k rose by 20%. This is bringing more balance to the higher-end market and has left conditions very tight in the lower-end of the market.
• Benchmark price, as expected, has slipped slightly (LESS THAN 1%) compared to last but remains 12% higher than this time last year.
• Expectation is that further rate increases will weigh on activity and prices, but will not enough to offset the very strong gains recorded last year.
In this ADJUSTING market, whether you are buying or selling, it is more important than ever that you work with a knowledgeable agent with superior negotiation skills.

Don’t go it alone, let’s connect and chat about your real estate needs. Email me at [email protected] or call/text at 403.630.2266.

08/02/2022

JULY 2022 MARKET UPDATE - HEY CHICKEN LITTLE...THE SKY IS NOT FALLING!

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Market slows, but remains STRONG compared to pre-pandemic levels

07/28/2022

NEW LISTING SIVLER SPRINGS $799,900
OPEN HOUSE SUNDAY JUL 31 1:30-3:30PM
TO VIEW BEFORE IT’S GONE…DM me here set up a viewing of this show stopper…or contact me by phone or text at 403.630.2266 or [email protected]. Click Picture for Full Details

Courtesy C21 Bamber Realty Ltd.

OPEN CONCEPT BUNGALOW | FULLY RENOVATED | CENTRAL AIR

07/13/2022

SILVER SPRINGS
NEW LISTING | OPEN HOUSE
SUNDAY JUL 17th 1:30 - 3:30PM

Courtesy Century 21 Bamber Realty Ltd.

Beatiful home, all the bells and whistles!

05/24/2022

THE 3-SOME YOU NEED
….when selling your home
The Right Agent
The Right Price
The Right Time

Let’s be honest, in this market it would be fair to argue that a house is going to sell no matter what…but it is also fair to ask…did it receive maximum value? A savvy, skilled agent is going to make sure that you do not leave money on the table!
YOUR HOME IS ONE OF YOUR BIGGEST INNVESTMENTS….SO DO SOME DUE DILIGENCE ON WHO YOU ARE TRUSTING WITH YOUR MONEY!

Setting the right price impacts how much $$$ you get. Too Low, At Market, Too Hight all can impact what you receive.

Picking the right time plays to your advantage as a Seller. Is it a Seller’s market? Does your home compare favourably to currently for sale properties in the vicinity or recently sold properties? Are interest rates rising? These are all key considerations?

If you are thinking of selling, DM me here or contact me at [email protected] or 403.630.2266 and let’s chat about how you can receive TOP DOLLAR for your home.

05/08/2022

HAPPY MOTHER’S DAY!
To all the moms out there making an impact in their kids’ lives…little kids and us big kids….thank you!

05/02/2022

APRIL 2022 MARKET UPDATE – PACE SLOWS, BUT STILL A STRONG SELLERS MARKET

Following a record all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales this month, it was still 6% higher than last April, and a record high for the month!

New listings trended down from last month, ensuring market conditions continue to favor the seller, resulting in further price gains. The benchmark price in April reached $526,700, which is 17% higher than last year.

Rising lending rates are expected to weigh on demand, but there has been little evidence to support that thus far in 2022. It is expected that market conditions will remain tight over the next several months.

Detached Sector Points of Interest
• For the first time since Spring 2020, year-over-year sales slowed down. However, sales remain far stronger than long term trends.
• Inventories have not been this low in 15 years.
• Still upward pressure on prices, but at a slower pace than the last 3 months.
• Benchmark Pricing up 19% over same time last year.

Semi-Detached Sector Points of Interest
• Slower sales related to decline in new listings, but sales remain 30% higher than last year.
• Tight market conditions so further price gains, 16% higher than last year.

Row Sector Points of Interest
• New listings 24% higher year over year, with sales levels reaching a new April high. Row prices are. Up 17% of the same period last year.

Apartment Condominium Sector Points of Interest
• Sales did ease relative to last month’s record highs, but sales were 46% higher than the same period last year, reaching a record high for April.
• Pricing sits 8% higher than this time last year.

Copy and paste for Full Details
https://www.creb.com/Housing_Statistics/documents/04_2022_Calgary_Monthly_Stats_Package.pdf

04/20/2022

CALGARY EQUALS OPPORTUNITY!

Out of the major cities in Canada, Calgary remains the MOST affordable. Interestingly, Calgary also leads the country in interprovincial migration for the first time since 2015, with the majority of those coming from Ontario. Worthwhile to copy and paste the link below into your browser to take a read.

https://calgary.ctvnews.ca/priced-out-of-ontario-homebuyers-turn-their-eyes-to-the-calgary-real-estate-market-1.5868288

If you are thinking of buying… let’s connect and chat about how to find you that next perfect home…you can reach out on here or contact me at [email protected] or shoot me a text at 403.630.2266. Always happy to grab a coffee or lunch and talk all things real estate.