September 2014 Newsletter
I HAVE NOTICED THE LEAVES ARE POSSIBLY TURNING TO THE FALL SEASON!
The Calgary Real Estate market is strong, but complicated. What I mean by that is, things like financing are taking longer for qualified customers to complete their mortgage financing. The banks are taking extra steps in getting more information where before they would ignore those steps. One example is a parent’s gift letter to their child. The Banks are asking for proof of where the monies have come from that they are using as gift monies.
The supply of new listings is up by 14%. The average median price from August 2013 to August 2014 was 6.99%. A healthy market. Days in market are averaging about 34 days to sell. It’s a good time to buy as the market has moved towards the Buyer’s favor. The choices are limited and the really good stuff is selling before it hits the open market. It’s a good time to have a REALTOR.
I had the opportunity this summer to enjoy a few days in the Victoria area visiting family. It was a nice, short break with lots of sunshine and great weather. The Victoria Real Estate market is a bit slower than the Calgary market but with higher purchase prices, I was fortunate enough to meet a few Victoria Realtors so if you have an interest, please let me know and I can forward you their contact information.
Please find enclosed August sales (info supplied by CREB). I would also like to remind you about my web site. In it you will find easy access numbers and web sites for all of your real estate buying, selling and home owner needs. Please go to: www.docwatson.ca
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!
“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