Home buyers have become increasingly sensitive to their carbon footprint, allowing architects and engineers to use innovative processes and materials in creating and renovating high-end homes. Staying on top of these trends and technological advances will help luxury real estate professionals know what to look for and what questions to ask when assisting affluent clients who are seeking ways to recycle, reuse, and reduce. Foe rhe full article please click HERE or on photo below.Please do not hesitate to contact Doug, Susan or Kristen at Team Penley McNaughton with any questions – we are always here to help!
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Calgary real estate market statistical update for February
Every month our team posts the information we receive from the Calgary real estate board. We hope you find this informative. Purchasing or selling your home or an investment property is one of the most important things you do in your life so we hope the information we provide is helpful. Please never hesitate to call us with any questions you might have about Calgary and surrounding areas market conditions. We are here to help!
As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures.
“There seems to be a new sense of optimism these days,” said CREB® president David P. Brown. “Some sellers are feeling upbeat about the changing landscape and the improved chances of selling their home. Other people are looking at the spring market with caution and wondering if we’re going to see a higher than expected surge of listings. While there’s less product on the market right now, sellers still need to be realistic with their pricing.”
The amount of excess inventory eased in the overall market in February, setting the stage for a transition to a more stable market this year. Months of supply totaled 3.4 months, down from five months over last February. At the same time, the sales-to-new-listings ratio trended from a near record February low of 39 per cent last year to 55 per cent this February.
Please click HERE for the full market update and statistical report.
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