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Found 12 blog entries about Market Updates.

2021 has brought us an unusual and difficult real estate market for buyers and has rewarded investors and sellers handsomely. The demand for homes has never been higher. Comparing the stats from 2020 to 2021 can be tricky, but we do know:

  • The number of properties available for sale is down significantly compared to last year.
  • The demand for homes is up from last year.
  • There are double-digit-plus gains in the average sale price in almost every market year over year.
  • Homes are selling faster, and offers are much stronger than last year.

Moving in a fast-paced market comes with a unique set of challenges and rewards. It's more important than ever to have a trusted advisor who understands your situation and goals. Contact your Redline…

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Welcome back to another Calgary Real Estate Market Update with us at Redline Real Estate. It's summer time - you should be outside enjoying the heat - so let’s get right into it! 

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SALES SUMMARY

July 2021 had stampede back, restaurants were opened back up, and life really started to get back to normal didn’t it...so did this slow down the ferocious pace of our real estate market of 2021?

Nope!

I keep expecting to be here telling a different tale, but the momentum and strength of our market simply keeps trucking on. 

In July 2021 we were just 17 sales away from the best July on record...yep another near record once again!

We had 2319 sales in the month of July, this was 26% better than what we achieved with all…

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As we look forward into 2021 it’s hard to predict what the real estate market will do. But we do know the real estate market remains Red Hot and the demand for homes has never been higher. Across the region, the statistics for May swing drastically from June 2020 but we do know:

  • The number of properties available for sale is down significantly compared to last year.
  • The demand for homes is up from last year.
  • There are double-digit-plus gains in the average sale price in almost every market year over year.
  • Homes are selling faster, and offers are much stronger than last year.

Moving in a fast-paced market comes with a unique set of challenges and rewards. It's more important than ever to have a trusted advisor who understands your…

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Redline Pulse - July 2021

Half way through 2021 and our Real Estate has been on a rocket ship – in this report we will find out how we finished off the first half of the year!

THE SALES SUMMARY

As we release this update Calgary is just coming off of an incredible heat wave that found us breaking some 125 year old temperature records…So I guess it's only fitting that we’d continue this talk about record breaking here in our July Market Report. 

 

We are here to report that June 2021 broke all prior June sales records in the Calgary Area. Our Calgary sales “broken record” keeps spinning as it has almost the entire first half of 2021! 

We had 2915 sales in the month of June, eclipsing the next best June, back in 2006 by about 200 sales (or…

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Is it possible that our Calgary & Area Real Estate Market has continued its historical run?

In this report I will discuss the key items you need to know about the market data just released for April 2021. 

The Sales Summary

Last month I shared that we had the biggest selling April of all time... yes, of all time! And before that, March was right up there with one of our best Marches ever, with only one time – back in 2007 – that beat the 2021 sales figures. 

So, did May continue on this blistering pace, or are we finally pulling back?

Against all odds, the momentum continues!

When looking at the following graph you’ll see that, yet again, we are right at the top of the heap!

 

We ended up selling a whopping 2,989 total homes in…

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As we look forward into 2021 it’s hard to predict what the real estate market will do. But we do know the real estate market remains Red Hot and the demand for homes has never been higher. Across the region, the statistics for May swing drastically from May 2020 but we do know:

  • The number of properties available for sale is down significantly compared to last year.
  • The demand for homes is up from last year.
  • There are double-digit-plus gains in the average sale price in almost every market year over year.
  • Homes are selling faster, and offers are much stronger than last year.

Moving in a fast-paced market comes with a unique set of challenges and rewards. It's more important than ever to have a trusted advisor who understands your…

113 Views, 0 Comments

As we look forward into 2021 it’s hard to predict what the real estate market will do. But we do know the real estate market remains Red Hot and the demand for homes has never been higher. Across the region, the statistics for April swing drastically from April 2020 but we do know:

  • The number of properties available for sale is down significantly compared to last year.
  • The demand for homes is up from last year.
  • There are double-digit-plus gains in the average sale price in almost every market year over year.
  • Homes are selling faster, and offers are much stronger than last year.

Moving in a fast-paced market comes with a unique set of challenges and rewards. It's more important than ever to have a trusted advisor who understands your…

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Redline Pulse - May 2021

While for some things it may feel like nothing has changed 1+ years into the pandemic, but in Calgary’s real estate market that couldn’t be farther from the truth!

In this report I will discuss the key items you need to know about the market data just released for April 2021.                                       

The Sales Summary

I continue to be amazed by the momentum that Calgary & Area Real Estate is having in 2021.  Ever since we started to get our legs back under us in May and June of last year, the momentum has continued to build and build. 

And that momentum continues to build.April 2021 was the best- selling April on record –ever – in the history of the Calgary Real Estate Board! We sold3,209 homes last…

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Redline Pulse - April 2021

March was full of real estate madness!

If there were doubters out there about whether or not the Calgary & area real estate market would have the ability to keep up its feverish pace, I think this month may have crushed them all.

 

The Sales Summary

As you see on this graph, this March surpassed the production we had during our last peak of 2013 & 2014. Truly an incredible pace that continues to have many shaking their heads. 

The second part that makes the sales story so impressive is the change from February to March. 

In February we sold 1,855 homes (which was very strong), but now we’ve increased this month-over-month by about 1,000 homes, bringing our sales total in March to a whopping 2,903.

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Every week I create a detailed analysis for our sales team and investor group to stay ahead of the market and always keep our clients one step ahead of the competition. The average sale price of a home in Brantford is up over $215,000 in the past year.

Fueling the fast-paced, aggressive market is the lowest number of homes for sale I have ever seen, combined with the lowest mortgage rates on record. Buyers are also shifting from more expensive markets into more affordable communities - ironically driving the prices up. Throw in a pandemic and changing needs of homeowners, and you can start to understand what's happening.

You can see a shift in the market's pace around July of last year when the average sale price became equal to the average…

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