Blog by Doc Watson

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July Newsletter

WOW! SUMMER IS HERE!

The June real estate market has arrived. I have found the amount of work required to get a sale with a buyer or seller is taking a lot longer than a year or so ago. The buyers are investigating the market and they are coming to the public open houses to check out homes. I had close to 50 people through one house this month. Buyers are taking their time. Sellers are being presented offers, in some cases multiple offers. In some cases however, the sellers are holding out even though the offers are close to fair market value. It is just a reminder to sellers that the true market price is when a buyer and seller agree on a price. A recent offer we closed took nearly 10 days from start to finish.

Good news! The days have been getting longer and summer is finally here, The mood of the public is positive, but cautious. The most active real estate seems to be the $250,000-$500,000 price range. The most wild in price fluctuation is the $1,000,000+ market. I have recently had a lot of requests for revenue properties with side-by-side properties being the most requested. I am looking for side-by-sides located outside of the City limits. If the cash flow is good, it is better than putting your money in the stock market or a bank.

The statistics for mid June show that sales are down by 13%, This is actually an improvement as the year-to-year from the month before was down by 25%. New listings are down by 16% which is also an improvement over May at 26%. Prices remain essentially unchanged from last year and last month at -1.72%.

I would like to remind you about my web site. In it you will find easy access numbers and websites for all of your real estate buying, selling and home owner needs. You can also check each day for all of the daily statistics for Calgary Real Estate. Please go to www.docwatson.ca I have also just recently acquired a new bus bench at the corner of 85th Street and 48 Avenue. Keep an eye out for it on your next visit to Bowness Park.

If you know of anyone who is thinking of buying or selling, I would appreciate you passing my name onto them. Thank you for all the referrals! Have a great month.

Sincerely,

“Doc” Watson,
Realtor Sutton Group Canwest
Text: (403) 804-8007
Office: (403) 208-7788

Celebrating over 25 years of Real Estate Service in the Calgary area