*Please Note:  Information contained herein is courtesy of the Calgary Real Estate Board (CREB)

CALGARY MARKET SUMMARY - JULY 2019

July 2019 – (Click on the image below to watch the market update video)

Some good news and some not great news - but...the good news is winning!

The not great news:  Over-all sales are down by six percent when compared with last year, and benchmark prices are down over four percent to $425,700 compared with last year. However, with fewer new listings coming to the market in June, the oversupply of homes has continued to decline. Some good news:  Year-over-year, new listings coming to market saw a decrease of nearly 19 percent, and the impact of fewer new listings resulted in inventories falling by around 15 percent compared to last year. We are seeing continued absorption of the chronic oversupply. So, even though sales activity remains below last year’s levels and prices have continued to ease, the lower supply of inventory is slowing down the price declines.  When we drill down a little deeper, we see it is primarily homes under $500,000 where the stabilization is occurring.  Homes priced over $500,000 are generally still facing challenging conditions. Most today continue to repeat that it is a buyer's market - well...yes and no.  Even with 4.2 months of supply of inventory, if you're a seller, and if you pick the right real estate team with the right strategy, you can make it a seller's market for you. Click on our seller's link here, fill it out, get a free home market valuation, and let us show you how we can create your own seller's market.  If you're a buyer, register here on our site and let us show you how we can represent you and find you the perfect property and negotiate a great deal on your behalf!

My partner and I were first time home buyers, so everything was new and a little scary for us. Luke, Lisa and the whole family made the process smooth and enjoyable. They were very patient with us as we looked at many, many houses, and were always so accommodating. We never felt rushed or pressured in anyway and knew that in the negotiation process they were looking out for our best interests.  We couldn’t be happier with our new home and would for sure recommend the McLaren Real estate team to anyone thinking of purchasing in Calgary and surrounding area.

Excellent service, we had a very short visit to find our condo and Lisa spent two days showing us 9 various condos. Lisa found homes that met our criteria, and with Luke's assistance on the negotiation.  We are extremely pleased with the service, and Sarah's assistance on the documentation. Thanks.

As first time home buyers we began with our research for Airdrie homes and were contacted by the McLaren team. We had just received our pre-approval and wanted to see what was available. Lisa was great. She drove out to Airdrie to show us 2 homes and we were able to get to know each other. Things happened very quickly for us as we fell in love, instantly, with a home. Lisa was amazing enough to make another drive out to see comparables before we signed and submitted an offer! The entire team made buying our first home easy!! We would highly recommend the McLaren Team!

Service with a smile. Lisa showed us many houses and condos, very patiently and cheerfully, over a 6 month period. We did change our criteria numerous times, but Lisa kept on adapting and persevered. Lisa was always prompt and well prepared at the showings. Lisa and her company were very professional, diligent and focused, with the final sale and closing.  Yes, I would recommend Lisa and the McLaren group.

We have nothing but the highest praise for the McLaren Real Estate team.  Selling our home in Calgary and relocating to Didsbury after almost 20 years in the same home, initially, felt very overwhelming. However the care, compassion and expertise provided to us was second to none. The team was always a step ahead of us and provided tremendous support, suggestions and referrals that were just what we needed. From market analysis and staging to negotiation advice and all the little details around making the transition from the big city to country living, the McLaren family were gracious and professional and everything fell into place with minimal stress.  We can't offer enough positive feedback for the entire process and would recommend them to anyone looking to buy or sell. Thank you again for your dedication to helping us achieve our dreams.

David & Yvonne J

I cannot say enough good things about the McLaren team, they made us feel as if we were their only clients. They were in constant contact with us and very understanding of all our concerns no matter how small. We are truly blessed to have had them on our side and have never felt so respected by a real estate company. An amazing team and an even more amazing family. Thank you for everything!

This is more than a testimony, we are writing today about the great group of people who helped us to fulfill a dream of owning our forever home. It all started when Lisa met with us to  listen to every detail of our dream house and carefully took care of each tiny idea or wish presented by all my family members. Then it was Hannah’s turn to search and send us daily emails with many options based on the criteria generated during our meeting with Lisa. Once we found our home, Sarah, Hannah and Lisa, were all working with us to complete the forms, documents and paperwork required to put the offer. Then Luke joined to seal the deal with his great experience and skills and provided continuous support till we receive the call, informing us that the house is ours. The McLarens are more than realtors, they will let you feel like family and ensure that you will get the best.

Thank you Luke and your team for the excellent job you did in helping us in our recent sale of our place and finding and purchasing our new home! With the professional staging you provided, our property was sold in a short time. And then your dedication in helping us find the right home, together with your experience and knowledge led to a smooth transition to the next chapter of our lives. You were always available for us at every step of the way. Thanks again and we will be recommending you to any one we know who’s looking to sell or buy.

Dear McLaren Family:

On our joyous closing day, Lindsay and I would like to express our heartfelt appreciation to each one of you, Lisa, Luke, Micah, Sarah and Hannah for your incredible service and dedication to finding the perfect home for our family.

We first met Micah and Lisa during an open house this past winter. Lindsay and I were impressed with the warm welcome, sincere interest in our situation and willingness to help us find our forever home. Being Fort McMurray wildfire evacuees; we lost our forever home, were in the process of rebuilding, and sadly were unable to return to Fort McMurray as we lost our careers.

Lisa understood our situation, always had the right words of encouragement while following up with us throughout the sale of our home in Fort McMurray. During that time, our Fort McMurray realtor and many other people referred us to other realtors. However, we knew we already had the right team on our side.

We decided to work with Lisa and Micah as they have strong family values with a team of close knit family members each with wonderful strengths and abilities. The best part: we could see right away they had our best interest at heart, would find the right home at the right time for us.

As the months went by, they were very patient with our requests, offered solutions when we couldn’t find exactly the right property, recommended incredible options and suggested areas of Calgary we had not considered.

When the time was right, Luke stepped into the negotiations with great advice and ensured our best interests were met for a fair price. He was able to secure us the right property when there were other offers on the table. To say we were very happy is an understatement! No words can express our gratitude.

Thank you, Lisa, Micah and Luke for the wonderful services to close this very long chapter since we lost our home. Thank you, Sarah of the endless hours you contributed preparing paperwork and coordinating everything. We are also grateful to learn that Hannah was available to step in if needed. We greatly appreciate all you have done for us and highly recommend the McLaren team for all real estate needs.