Sellers’ market for resale in Calgary

Despite a recent rise in the number of new listings, resale housing in the city remains a sellers’ market, says the Calgary Real Estate Board.

“Price growth and tighter market conditions have encouraged some of the recent rise in new listings,” says chief economist Ann-Marie Lurie of CREB in a news release.

“This is a trend worth noting as the rise is easing some of the tightness in the market. Despite some movement, sellers’ market conditions persist.”

New resale listings of all kinds of housing in Calgary totalled 2,522 units in October, up nine per cent from 2,312 during the same month last year.

New listings have been down in other months this year, meaning the number of new listings so far this year is on par with the same time last year.

From Jan. 1 to the end of October, there were 29,358 new listings compared with 29,333 during the same period last year.

In October, there were 1,953 total sales of resale housing of all kinds, up 17.7 per cent from 1,659 sales last year.

Homes also sold faster, spending on average 40 days on market in October compared with 46 days during the same month in 2012. The average sale price for homes of all kinds rose last month to $458,876, up five per cent compared with $437,030 a year earlier.

There were 1,739 new listings of single-family resale homes in Calgary in October, up 7.6 per cent from 1,615 during the same month last year.

Meanwhile, the pace of sales continued to pick up, selling in an average of 38 days last month compared to 43 days in October 2012.

The average price of single-family homes increased 4.7 per cent to $516,244 in October, up from $492,772 last year.

Sellers are commanding an extra half per cent this month on the final sale price compared to the same time last month, earning 97.78 per cent of the list price.


Of the 1,336 sales of MLS-listed single-family homes in the city, the northwest quadrant of Calgary was the most popular with homebuyers in October, says the Calgary Real Estate Board

The board’s Zone A, roughly the city’s northwest, saw 463 resale houses trade hands at an average sale price of $530,892.

There were 357 sales in October in the board’s

Zone C, roughly the city’s southwest, at an average price of $654,889.

Meanwhile, the board’s Zone D — roughly southeast Calgary — logged 266 transactions of single-family homes at an average price of $479,149. In the board’s Zone B, roughly the city’s northeast, 250 homes changed hands at an average price of $330,599.

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Common sense can keep your home safe

When it comes to home safety and security, this advice may sound like a no brainer, but is worth repeating: always lock your doors. It’s surprising how often burglars enter through unlocked doors.

Don’t get into the habit of closing a window without locking it. All too often, homeowners close a window and forget to lock it, creating an easy entry for the “bad guys.”

Window coverings not only conceal you; they also mask your expensive electronics, so make sure you always close your drapes or blinds.

Install lighting around your home. If a prowler is sneaking around the outside of your home, the shock of a motion light will often send him packing.

Make sure you manage your social media presence carefully. Think about what you’ve been Tweeting. Don’t give too much information on planned holidays or extended weekends out of town.

Make sure you shred all your personal documents before putting them in your recycle bins.

Take a note of neighbourhood traffic patterns. Often knowing where a person lives or what they drive can take away any unnecessary suspicion or fear.

What better “peace of mind” than installing a home security system? One can rest a lot easier knowing there’s backup in the event of an attempted break-in.

Don’t give your keys to anybody. At times, it may seem convenient to give your house keys to cleaning people or gardeners, but don’t do it! The only people who should have keys to your home are your trusted emergency contacts.

Change up your living routine. Burglars like to target people with the same routine. Folks they can set their watch to as to when they come and go are preferred.

Most tradesmen and labourers are honest, trustworthy individuals, but there are some lacking in honesty and integrity. I’m talking about thieving tradesmen who focus more on their gains than your losses.

A good way to send away an unwanted visitor lurking at your front door is to purchase a video door intercom. With these units now at affordable prices, they create a great filter for unwanted visitors without having to open the door.

Whenever you let a stranger in your home – whether the washer repair man, plumber or furnace man – make sure you ask for identification.

Keep in mind that every time you allow a stranger in your home, you could be increasing your chances of experiencing a home break-in.

A repairman with bad intentions could scope out your home’s layout, contents and whether you have a security system in one swoop. Never get personal with the repairman. Don’t ever divulge your plans to these folks; and never lose sight of the fact they are strangers.

Sadly, women who live alone are advised to take heightened precautions.

When scheduling home service visits or deliveries, women should always have another person present. Burglars posing as door-to-door salesmen can be more aggressive and persistent with women, especially if they suspect they live alone.

Go with your intuition. Distrust can be a good thing, so don’t compromise your personal security because you feel you have to let strangers into your home.

If you don’t own a dog, consider purchasing one. Dogs make great companions and offer a great sense of security whether large or small.

And if you’re the dating type, never host a first date at your home, and don’t allow your date to pick you up or escort you back to your home. Arrange a public location for dates until you get to know the person better.

© Copyright (c) The Vancouver Sun