Calgary Real Estate | 2008 to be a balanced year for Calgary Real Estate

Many people may wonder what 2008 will bring them in this real estate market. According to the president of the Calgary Real Estate board, Ed Jensen, we should see the average sales price of single family homes increase by 5% and Condominium sales values should increase by 6% in Metro Calgary. As of January 21st, 2008 we have a total of 8,592 Active MLS listings in Calgary and surrounding area. Of those 5,323 are Single Family Homes, 2,296 are Condominiums in Metro Calgary. With such high inventory of available homes, this makes it a great time to buy real estate in the city of Calgary. You have a large selection and you can negotiate the purchase price that is more desireable to you. Real Estate has historically been a safe and sound investment and after the turbulent stock market, why not look at real estate for that long term investment? It could be the best investment you make for you and your family.

If you are selling a property in Calgary or surrounding area at the moment it is more important than ever to price your home right to the current market and competition. You can no longer set a price and hope that you get it, or hope that the market will catch up to the price you set on your home. In the past 2 years this may have been possible, but with such high inventory, your home may just sit on the market and never sell. If you wish to have an accurate evaluation of your home, call a professional to assess it and price your home right and it will sell. There are so many houses out there that have been on the market for months and this is simply due to setting the wrong price. Any house will sell at the right price.

So if you are looking to jump into the real estate market or if you are looking to move up to your dream home. Do not hesitate to contact us for your real estate needs.

Sincerely,

Justin Havre

CIR Realty

403-294-1500

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