October 2010            

Dear ,

This last week has been glorious!  Maybe summer was just delayed....

January may be the official start of the new year, but September feels that way to me. Back to school, summer holidays over, back to the gym, re-focus on work, roll up those sleeves! This is clearly how some home buyers are feeling, as they seem to be starting to make some decisions (and so they should, it's a great time to make a purchase) and that's a good thing for the economy.

Thanksgiving is one of my favourite holidays, and this year we are headed away for the weekend with our sons and grandkids. I'm looking forward to some outdoor fun and games, great food and good times. I hope that your Thanksgiving is as special and you spend time with loved ones.  Gobble, gobble, gobble......

Signature

Feature Listing 



 1101,10221  Tuscany Blvd NW 
 $435,000 
 MLS C3428735


   24 Mahogany Heath SE
  $559,900
  MLS C3446435


  3202, 10221 Tuscany Blvd NW
  $374,900
 
MLS
C3444085

Calgary Market Update

Single

Family

Sep 10

Aug 10

Jul
10

Sales

958

867

915

*Median Price ($000)

390

395

400

**Average

Price ($000)

460

446

465

Days on

Market

52

50

45

Month End Inventory

4880

5046

5525



Condos

Sep 10

Aug 10

Jul 10

Sales

366

364

396

*Median Price ($000)

265

260

268

**Average

Price ($000)

284

286

291

Days on

Market

57

53

51

Month End Inventory

2204

2255

2457
Source: Calgary Real Estate Board

*Median price (in 000's) is midway between least expensive and most expensive.

**Average price (in 000's) is useful in establishing trends over time, however can be influenced by sales of a few very expensive properties in an community.

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Inspired to do Better!

I recently spent a couple of days in Kananaskis with some successful women entrepreneurs being inspired by their motivation, desire to be connected in their community and goal to be the very best they can be. There are always things we can do better....and that's my mission in the next little while.

One way is to better serve my clients and I'm always looking for ways to do that. 
I recently earned my Accredited Buyer's Representative (ABR®) designation - a fabulous course that has given me some great tools to better help my buyers find what they are looking for.

When you work with an ABR® before you look for a home, you'll be served, not sold. Your interests become their interests. And you'll be working with someone who has gone the extra mile by completing specialized training in delivering the best in buyer-representation services. Plus, a REALTOR® who has an ABR® Designation also has an established track record, with proven experience in representing the concerns of home buyers.

 
Socialnomics

A day doesn't seem go by without hearing about social media.  Check out this You Tube video - it's brilliant. 


For Fun....
The California mansion once owned by William Randolph Hearst is on the market for $95 million US.  (Two years ago it was listed for $165 million - median home prices in southern California have declined 43 per cent since their peak in 2007.) It has 50,000 sf and features 2 master suites, an Art Deco nightclub, a wine cellar, two movie rooms, spa facilities and an 8 car garage. John & Jackie Kennedy honeymooned there. Any takers?  Happy to help, as always..... 
Calgary Leads Canada in Median Family Income

Statistics Canada recently released data from 2008 personal tax returns.  Families in Calgary brought in $91,750 in 2008, well ahead of the Canadian median of $68,860 (up from $47,300 in 1998).  Calgary was followed by Edmonton at $88,190 and Ottawa at $87,160. Interesting.

Real Estate Update


Buyers' Market Continues in Calgary

Home sales in the city of Calgary increase month-over-month in September 2010

Calgary, October 1, 2010 - Home sales in the city of Calgary were up month-over-month in September 2010, the first uptick in sales since April 2010.  Year-over-year sales continued to trend lower in the month of September, but at a pace slower than previous months, according to figures released today by the Calgary Real Estate Board (CREB®). 

The number of single family home sales in the month of September 2010 grew by 10 per cent at 958, compared with August 2010, when sales were 867.  The number of condominium sales for the month of September 2010 was 366. This was an increase of 1 per cent from the 364 condominium transactions recorded in August 2010.

Year-over-year, the number of single family homes sold in September 2010 in the city of Calgary were down 24 per cent.  In September 2009, single family home sales totalled 1,257. Condominium sales saw a decrease of 37 per cent from the same time a year ago.  In September 2009, condominium sales were 580.

"There are signs that September may mark a gradual, if not slight, uptick for Calgary's housing market-we are seeing a modest improvement since the market's decline, that really started in April of this year," says Diane Scott, president of CREB®.

Read more....  


Thinking of buying, selling or investing...
or know someone who is?
 
I can help.  My business is built on referrals and I'm never too busy for yours.

Shelley Soles
Royal LePage BenchmarkArbour Lake Listing
Royal LePage Benchmark
403.830.6646
 
This communication is not intended to cause or induce a breach of an existing agency agreement.