First off, we hope everyone is healthy, safe and taking advantage of this pause on life to spend some quality time with their loved ones. It has been an unprecedented past few weeks as our world faces historic challenges with the growing COVID-19 (Coronavirus) pandemic.
We understand how stressful of a time this can be and understand that our clients may still need to sell or buy during this pandemic. Jesse Davies and his team are prepared to help our clients stay safe and will continue to help you achieve your real estate goals. Now more than ever we expect Buyers and Sellers to rely on the experience of their Calgary Realtor. According to the Alberta Government, Realtors in Calgary are considered essential services so we will practise and implement measures to minimize the risk to our clients. We will implement social distancing best practices laid out by the Alberta Government and will do everything we can to offer our knowledge and support to help you navigate through this unprecedented time. With that in mind, land registration services, real estate agent services, legal services and moving services were noted as essential services during this pandemic and this means that if you need to sell or purchase in the coming days, weeks or months you can do that. Our business partners are all prepared for this pandemic and are taking the necessary steps to ensure our clients are safe when navigating through the sale or purchase of a Calgary Home or Calgary Condo.
As you can see Total sales for April are down 65.07% from this time last year, new listings are down 58.67% and total active listings are down 20.68% while the average price is down 8.55%.
This is a sign both buyers and sellers are putting their selling and buying plans on hold due to the risk of entering another home or having others enter their home.
We will continue to monitor and adhere to guidelines set forth by our local and national governments, as well as leading real estate industry authorities.
Below is a snapshot of the showing activity in the Alberta Real Estate market: As you can see as of April 26th the showing activity for the week is down 20.7% from this time last year. Up from the 48% decrease on April 05th.
This is a positive sign in the real estate market as the general public becomes more aware of safety protocols real estate agents and their client are taking and the reality that Covid-19 will be with us for the foreseeable future.
We are here to assist you in every way possible and are committed to providing you with the utmost service and guidance moving forward.
On behalf of The Top Calgary Real Estate Team at Century 21 Elevate Real Estate, we send our love, prayers, and best wishes for the health of you, your loved ones and all Canadians.
We will get through this!