🗓 Schedule Zoom call with Adam → bit.ly/3u6Pm2j
🏠 INSTANT Home Evaluation → bit.ly/Instantvalue
🔎 Start your Home Search → bit.ly/3KZmBdw
📚 Buyer/Sellers Guides (2024) → bit.ly/2024Guides
📝 Monthly PDF Reports → bit.ly/yycpdf
─────────────────────
Calgary Real Estate Market Update - July 2024 | Adam Fyfe Real Estate
Market Shifts Post-Spring Rush:
As we move past the bustling spring market, July has introduced noticeable shifts in Calgary’s real estate landscape. This month saw 2,380 sales and 3,604 new listings, leading to a sales-to-new listings ratio of 66%. This marks a significant development, as inventories rose to 4,158 units-the highest in nearly two years, though still 33% below typical July levels.
Inventory and Pricing Trends:
Most of the inventory growth was noted in homes priced above $600,000, which has helped temper the extreme seller's market conditions we experienced throughout the spring. "We're seeing a relief in supply challenges, particularly in lower-priced homes, which is alleviating some of the intense price pressures we’ve observed," commented Ann-Marie Lurie, Chief Economist at CREB®.
Current Market Conditions:
While July sales have decreased by 10% compared to last year's record highs, they remain above the long-term trends for this month. The rise in inventory, coupled with a slowdown in sales, has pushed the months of supply to 1.8 months. This still favors sellers but is a marked improvement from the less than one month of supply seen earlier this year.
Price Stability Emerging:
The improved supply levels have also slowed the rate of price increases across all property types. The total residential benchmark price in July stood at $606,700, holding steady from last month and showing a year-over-year increase of nearly 8%.
Navigating the Evolving Market:
With the market showing signs of balancing, it's crucial for both buyers and sellers to stay informed. Subscribe to Adam Fyfe Real Estate for monthly updates, in-depth analysis, and expert insights to help you navigate the complexities of the Calgary real estate market effectively.
#CalgaryRealEstate #MarketUpdate #HomeSales #AdamFyfeRealEstate #CalgaryHomes #RealEstateTrends #HousingMarket #PropertyPrices #MarketShifts #CalgaryHousing
─────────────────────
🎥📝 **Must Watch Playlists* * 📝 🎥
- Top 10 Things to Do Playlist → bit.ly/3kZ7l66
- Monthly Real Estate Updates → bit.ly/3HhVuaQ
- Calgary Professional Advice → bit.ly/3HO0G7P
- UA-cam Shorts Playlist → bit.ly/3DwGhkW
- Buying a House Playlist → bit.ly/3jg9kTj
- Selling a House Playlist → bit.ly/3YcJQVE
- Buying & Selling Advice → bit.ly/3DuSxCw
- Home Tours in Calgary → bit.ly/3DwGhkW
- The Truth About Calgary → bit.ly/3RqzH5f
- Virtual Tours of Calgary → bit.ly/3RqtF4A
─────────────────────
🚶🏻‍♀️ *Follow my Social Media Journey* 🚶🏻‍♂️
Instagram → bit.ly/3mvYDuF
Facebook → bit.ly/3ny6g2O
TikTok → bit.ly/3Ii1Zv2
Linked-in → bit.ly/3pNEsKE
Google → bit.ly/3jOyLYZ
─────────────────────
📚 *Video Chapters* 📚
00:00 - Calgary Real Estate Slowing Down??
00:14 - Adam Fyfe, Top Calgary Realtor on UA-cam ;)
00:35 - Calgary Real Estate Sales Down Inventory Up Y/Y
01:09 - The Calgary Real Estate Board Written Explanation
03:19 - Overview of The Calgary Real Estate Market
04:45 - 2022 was the last time we saw 4000+ Inventory in Calgary
05:34 - Will the Calgary Housing Market Continue to Grow?
06:27 - Does the Year to Date Sales Really matter in this market?
07:53 - What Price points are selling in this Calgary housing market
09:57 - Where is all the inventory in the Calgary Housing Market?
11:44 - What is the Calgary Market like compared to last year?
14:19 - How much are homes in different quadrants in Calgary?
15:39 - The Year to Date Sales Volume in the Calgary Market
16:56 - Calgary Real Estate Sector Overview - How Much?
18:38 - How much is my house worth in Calgary?
19:08 - How much are different homes in different quadrants in Calgary right now?
20:05 - Is Calgary Housing Projected to increase still?
21:58 - What was the population Growth in Calgary in 2024?
22:59 - An outro to the August 2024 Calgary Housing Report
─────────────────────
Contact Adam Fyfe:
🏢 eXp Realty Canada
💻 Email: Realty@AdamFyfe.com
📱 Phone: 403-561-8747
─────────────────────