Hard to believe January has already come and gone, it has been a busy start to 2019 for the Jesse Davies Group closing 9 deals in January, but the market stats do not align with one of our team’s most productive months.
The Calgary Real Estate Board (CREB) is reporting another 16% decline in total sales for January when comparing to this time last year this is to be expected with the stress tests, unemployment rates and negative media coverage of Calgary in general. We are recommending to prospective sellers that now is a great time to get your home on the market as inventory levels are usually at their lowest during January, February and March. Which generally means your house won’t have as much competition as compared to listing it in the spring. As we head into the Spring market, we expect inventory to spike up and unless we see some changes in the market sentiment a downward pressure on pricing will continue.
CREB reported months of supply has crept up to 7 months which is a clear indication we are in a BUYERS market. Jesse Davies Group is advising buyers to be active in the market and if our clients see a home or condo they love, now would be a great time to take advantage of negative sentiment in the market and take advantage of some fantastic deals.
Row/Townhome prices declined by four percent compared to last year for a total of $284,300. All districts recorded price declines, but the most notable decline occurred in the City Centre, where prices were nearly eight
Now more than ever is it imperative that buyers and sellers consult with a qualified Real Estate Agent. Jesse Davies Group brings over a decade of home, condo and investment sales to their clients and they can help make your next sale or purchase an experience to remember. Jesse was just awarded the top-ranked real estate agent for 2018 in all of Calgary by www.ratemyagent.com. Contact Jesse & his team today at 403-969-2363 or [email protected]