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Colleen is a Calgarian, born and bred. She has been in real estate since 1990, is a three times Silver Award winner and a member of the Presidents Club. Her success comes from her love of marketing and "earning the right to do business with [her] clients". Colleen believes each home has its' own story to tell, and tailors her approach to reflect the different personalities she encounters. Her methods are innovations in the field, and appreciated by her co-workers and clients and alike. "My clients like the fact that I'm not sitting waiting," says Colleen, "I'm always trying to make something happen." Contact Colleen:
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Market
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Overview of today's market
Last updated: May 8, 2008.
Right now we're in a buyers' market. Supply of available homes has risen faster than demand, which has resulted in a glut of properties on the market. This gives the buyer more power to dictate the price - which is why over the last 8 months we have seen house prices slashed by as much as $20,000 to $100,000. This is good news if you're looking to buy - but not as good if you need to sell. If you're still hoping to sell your house for what it was worth a year ago, it's time to reassess.
However, sales are still holding strong. According to CREB's President Ron Stanners: "As we can see from the final numbers
in 2007, sales have definitely held
steady... Calgarians continue to have
confidence in our economy and real
estate market. The spring
of 2007 was an unpredictable market,
with multiple offers and relatively
low inventory. As we moved into the
summer months we saw a slow down
in the sales activity and an increase in
the amount of inventory on the market.
This was a correction in the market,
which was inevitable." As we come out of the winter in 2008 we are still feeling this correction.
There are lots of rumours flying around the industry as we come out of the winter real estate lull that the market is back on track, and once again turning towards a sellers market. One indicator is a supposed 80% decrease in new construction from this time last year. However, the stats don't seem to echo this sentiment, as inventories continue to climb, and home sales continue to slump.
Key stats from MLS®:
These stats include single family homes, condos, mobile homes, and residential in the surrounding Calgary area. For more stats click here. Average Sales Price: $426,485 Median Sales Price: $377,000 Number of homes sold: 2,499 Total homes on the market: 14,480 |
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After finishing his Finance degree at McGill University Chris obtained his mortgage brokering license here in Calgary. He has since worked with several of Canada's top brokers, and has quickly gained a reputation as the "go-to" agent for many of Calgary's realtors. Chris attributes his ability to take complicated scenarios and turn them around in record time to the talented team he works with, and his relationships with over 40 different lenders. "If you have any questions on the current Calgary housing market, your ability to finance your next home, or just need a mortgage put together quickly at a great rate, give me a call!" Contact Chris:
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