Weekly Real Estate Update: Mon Jun 22 – Mon Jun 29

Calgary
5491 homes for sale in metro Calgary
2108 homes sold in the last 30 days
2.61 months worth of inventory
39% of the homes statistically to sell in the next 30 days
Market Conditions: Balanced
Average List Price : $494,960
Average Sale Price : $483,158
Average days on market : 41
Average list to sale price ratio : 97.62%

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Weekly Real Estate Update: Mon Jun 15 – Mon Jun 22

Calgary
5492 homes for sale in metro Calgary
2163 homes sold in the last 30 days
2.54 months worth of inventory
39% of the homes statistically to sell in the next 30 days
Market Conditions: Balanced
Average List Price : $491,954
Average Sale Price : $480,175
Average days on market : 41
Average list to sale price ratio : 97.61%

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Paper or Paint?

Which should you choose for your next (re)decorating project: wallpaper or paint? That depends on factors like your budget, skill level, decor needs and goals, and where you plan to apply it. Consider the following advantages and disadvantages of each:

wholesale-mural-wallpaper-roll-home-decor-wall-stickers-wall-3d-art-decoration-wall-panel-decals

Wallpaper – Cons

  • From matching patterns to getting corners just right, installing wallpaper is harder – as is getting rid of it. If you’re not handy or patient, consider hiring a professional.
  • Wallpaper itself is more expensive, and if you do decide to hire someone to hand it, they’ll likely charge you more than a painter would.
  • Since wallpaper can stain, tear, and fade – problems for which there’s no quick fix – it’s a less practical choice for high-traffic areas and walls that get a lot of sun.
  • Humidity can cause adhesive to loosen and wallpaper to peel away from walls, so it’s not well suited for use in kitchens or bathrooms.

Wallpaper – Pros

  • Given the variety of colours, textures, and patters available, wallpaper offers you more versatility than paint in terms of customizing your décor to your specific tastes.
  • A smooth, flawless surface is not as crucial when hanging wall paper (particularly thicker, textures varieties), which is handy for camouflaging flaws like rough walls.
  • Wallpaper can last 10, even 15 years, so while its up-front cost is higher, it’s durability may make it the more economical choice in the long run.

Paint – Cons

  • While faux finishes like ragging and sponging give paint more creative possibilities, it just doesn’t offer as much versatility as wallpaper in terms of pattern or texture.
  • A clean, smooth, flaw-free surface is more critical to achieving satisfactory results with painting, as it can actually make dirt and imperfections more noticeable.
  • Paint can be messy. In addition to prepping your walls, you’ll need to prep your floors, molding, furniture etc.  in order to protect them from splashes and drips.

Paint – Pros

  • Paint is less difficult to apply than wallpaper. Even with little experience, achieving results you’ll be pleased with is easier with paint than with wallpaper.
  • As paint costs less to buy and you’re less likely to need a professional to do the job, painting is usually your cheapest, easiest option for changing the look of a room.
  • Unlike papered walls, painted walls are easily “spot treated” when damaged. Chips, holes, and scuffs can be easily repaired then painted over to look like new.
  • With paint, there’s no laborious removal process (which can damage your walls); when you’re tired of your paint job, just paint, or wallpaper right over it.

Can’t decide? You needn’t choose between paint and wallpaper; consider combining them in the same room or on the same wall for an even more customized look! Want to make a focal point of a particular wall? Paper it and paint the other three. In love with a wallpaper but concerned that scuffs from kids or pets may soon damage it? Paper above a chain rail and paint below. Compromises like these are a great way to enjoy the beauty of wallpaper with the practicality of paint.

Surprising Sales-Spoilers

It’s no shock when overpriced homes generate little to no interest, but here are a few surprising reasons why perfectly good properties spend more days on market than they need to.

  • Underpricing: In certain circumstances, modest underpricing can be an effective sales strategy. But when you want to sell quickly, pricing too low can have the opposite effect: buyers may well avoid your property thinking there must be something wrong with it. The goal is to price competitively – not too high, not too low. Where’s that sweet spot? Ask your real estate agent!
  • Over-Improving: Making improvements with an eye to boosting your home’s value is a great, worthwhile thing to do – provided you’re making the right kinds of improvements. The wrong kinds are those that would appeal only to a relatively narrow segment of buyers (think professional-grade kitchen) or turn your property into the most expensive one on the block or, for condo owners, in the building.
  • Seller Sabotage: Believe it or not, sellers themselves are sometimes the reason why homes don’t sell in a timely manner – or not at all. Sellers who aren’t emotionally ready to detach, for instance, might put buyers off by hovering during showings; sellers who aren’t serious about selling may make it hard for buyers to access their property by being inflexible on “appointment only” showings.
  • Cosmetic Issues: While it’s certainly not news to real estate sales representatives that cosmetic flaws can keep homes lingering on the market longer than necessary, sellers are often surprised to learn that many buyers simply can’t see past cosmetic flaws like dirt, clutter, or outdated décor – even if it means walking away from a home that meets all their needs.

 

Know Your Neighborhood

Changing what you don’t like about a neighbourhood is considerably harder than changing what you don’t like about a home. Here’s how to get the low-down on a neighbourhood before buying into it.

The Internet is a wealth of information. Use it to investigate local crime stats (not not just the amount but the type of crime as well); study up on local schools (a good idea even for those without children); and find out where essential amenities are located, for example. A municipality’s official website is a great starting point.

There are, however, many things the Internet just won’t tell you – especially if you don’t think to ask. That’s why talking to a local real estate professional is invaluable. Crucially, a sale representative can not only tell you everything you want to know about a neighbourhood as it exists now, but about how it may be changing. For instance, they’re in the know about demographic shifts that might impact demand for certain kinds of homes in coming years; future development that could make the area busier, or the arrival of a major employer that could boost the area’s appeal.

Of course, there’s no substitute for checking out a potential neighbourhood first-hand. Walk the area in addition to driving it – you’ll learn much more on food. Try to replicate your daily routine: is the commute manageable? Male multiple visits at different times of the day and week so you can see what rush hour or Saturday nights feel like, for instance. Talk to the locals, people are eager to brag about what they love about their neighbourhood – and vent about what they dislike!

 

Weekly Real Estate Update: Mon Jun 08 – Mon Jun 15

Calgary
5583 homes for sale in metro Calgary
2131 homes sold in the last 30 days
2.62 months worth of inventory
38% of the homes statistically to sell in the next 30 days
Market Conditions: Balanced
Average List Price : $489,953
Average Sale Price : $478,340
Average days on market : 41
Average list to sale price ratio : 97.63%

Calgary Market Watch

Weekly Real Estate Update: Mon Jun 01-Mon Jun 08

Calgary
5555 homes for sale in metro Calgary
2155 homes sold in the last 30 days
2.58 months worth of inventory
39% of the homes statistically to sell in the next 30 days
Market Conditions: Balanced
Average List Price : $491,518
Average Sale Price : $479,552
Average days on market : 41
Average list to sale price ratio : 97.57%

Calgary Market Watch

Weekly Real Estate Update: Mon May 25 – Mon Jun 01

Calgary
5487 homes for sale in metro Calgary
2095 homes sold in the last 30 days
2.62 months worth of inventory
38% of the homes statistically to sell in the next 30 days
Market Conditions: Balanced
Average List Price : $493,419
Average Sale Price : $480,972
Average days on market : 41
Average list to sale price ratio : 97.5%

Calgary Market Watch

Calgary Market Watch