Archive for the ‘Daily Stats’ Category

Welcome to Our New and Improved High-Tech Website!!

Monday, March 23rd, 2015

Welcome Buyers and Sellers of Calgary!

After 6 months in the making, we have finally launched our new state-of-the-art website: www.corleyteam.com!  This website is brought to you by you!!! After months of surveying our buyers and sellers about what they would want in a Real Estate Website, we came up with gem designed by our wonderful web designers at Redman Tech!

We hope you enjoy our great new features:

  • our awesome biography pages with some fun additions
  • our community stats page that has sales stats and live active statistics on all Calgary communities
  • our new a beautiful blog
  • our great new home search options
  • our clearly defined seller’s and buyer’s services
  • and so much more!

We look forward to your feedback and your future real estate business!

In repsonse to economic projections for Calgary, 2011 has already started with a big bang!

Friday, January 21st, 2011

The exceptionally low real estate inventory combined with considerable  buyer pent up demand has resulted in many new listings being sold within a short time, in some cases in multiple offers, however rarely exceeding list price.  One example would be a property we had listed in Coventry Hills this month sold in 5 days at 98% of list price.

As a potential Seller we strongly recommend listing early in the year as there are many Buyers acitvely looking to buy with locked in low interest rates (that are the lowest in history and will ultimately only go up) as well as benefit from lower monthly payments with  a 35 year amortization (that is reduced to a maximum 30 years as of March 18, 2011).  

Buyer’s it is imprtant that you get your pre-qualifying in place for financing, as it is a competitve buying market and you will need to be prepared to write an offer as well priced properties are selling quickly.

If you are considering buying or selling, please call us directly at 403-796-4400 and we will show you how our superior Buyer and Seller programs will benefit you.

New CMHC Rule for Buying Real Estate

Wednesday, March 31st, 2010

housingMore on the new CMHC Mortgage Rules for Real Estate

March 9, 2010 by Tessa Corley-Rae

I just spoke with my friend and mortgage broker Terry Caldie from the Mortgage Centre in Calgary about  CMHC’s new mortgage regulations for homeowners and property investors.  These new rules are nothing to panic about, in fact, up until 2 years ago these rules  were exactly how CMHC ran any way.  What people have to realize is that Convensional Mortgages (where people place 20% or more down as a down payment) are still exactly the same as they were before.   However, the good news is buyers can still avoid CMHC with only 20% down, rather than the previous 25% that was required only months ago for a convensional mortgage.  2 years ago the government decided to create a “stimulous package” for buying property, this was inlight of the down turn in the economy that we have just pushed through.  This “stimulous package”  included relaxed rules for buying revenue properties, as well as large refinancing options. 

Please see below for my interpretation of the new rules: 

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October 2009 Real Estate Stats – Calgary, Alberta

Sunday, November 1st, 2009

 

Single Family Homes
October 2009
September 2009
August 2009
July 2009
Median Price
410,000
399,900
400,000
390,000
Average Sale Price
462,465
459,085
446,413*
436,782
Number of New Listings
1,819
1,857
1,910
2,089
Number of Sales
1,285
1,257
1,277
1,585
The following is written and published by the Calgary Real Estate Board:

Calgary, November 2, 2009 – The Calgary housing market continued to rebound in October, according to figures released by the Calgary Real Estate Board (CREB®).

“Calgary’s housing market has clearly turned a corner,” says Bonnie Wegerich, president of CREB®. “We expect there to be a few bumps on this road to recovery but we believe the worst is over.  Home prices have held firm and edged upwards in some markets over the past months.  This has helped buoy up the confidence of both buyers and sellers.”

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September 2009 Real Estate Stats – Calgary, Alberta

Thursday, October 1st, 2009
Single Family Homes
September 2009
August 2009
July 2009
June 2009
Median Price
399,900
400,000
390,000
399,000
Average Sale Price
459,085
446,413*
436,782
447,142
Number of New Listings
1,857
1,910
2,089
2,244
Number of Sales
1,257
1,277
1,585
1,837

August 2009 Real Estate Stats – Calgary, Alberta

Tuesday, September 1st, 2009
Single Family Homes
August 2009
July 2009
June 2009
May 2009
Median Price
400,000
390,000
399,000
390,000
Average Sale Price
446,413*
436,782
447,142
436,427
Number of New Listings
1,910
2,089
2,244
2,235
Number of Sales
1,277
1,585
1,837
1,584

* Calgary had a single very high selling home in the month of August (a sale price of almost $10.3 million for a mansion that was looking onto the Elbow River). This one sale actually altered  our monthly average stats by almost $10,000 alone.  If we take into consideration this sale in our average price in August 2009 was actually $454,130.  Amazing that one home could make such a difference.   The above number was quoted with the removal of that one home for a more accurate picture of what our market is doing.

July 2009 Real Estate Stats – Calgary, Alberta

Saturday, August 1st, 2009
Single Family Homes
July 2009
June 2009
May 2009
April 2009
Median Price
399,000
399,000
390,000
380,000
Average Sale Price
436,782
447,142
436,427
426,311
Number of New Listings
2,089
2,244
2,235
2,010
Number of Sales
1,585
1,837
1,584
1,290

June 2009 Real Estate Stats – Calgary, Alberta

Wednesday, July 1st, 2009

Single Family Homes June 2009 May 2009 April 2009 March 2009
Median Price 399,000 390,000 380,000 375,000
Average Sale Price 447,142 436,427 426,311 420.354
Number of New Listings 2,244 2,235 2,010 2,023
Number of Sales 1,837 1,584 1,290 1,086

May 2009 Real Estate Stats – Calgary, Alberta

Monday, June 1st, 2009

 

Single Family Homes May 2009 April 2009 March 2009 February 2009
Median Price 390,000 380,000 375,000 375,000
Average Sale Price 436,427 426,311 420,354 415,568
Number of New Listings 2,235 2,010 2,023 2,057
Number of Sales 1,584 1,290 1,086 825