The past 7 days as of April 17th; Okotoks :: 14 New listings, 15 price reductions and 6 sales. Total Inventory 210 High River :: 7 New listings, 5 price reductions and 7 sales. Total Inventory 77 Black Diamond / Turner Valley :: 3 New listings, 0 price reductions, 0 sale. Total Inventory 43 Rural Foothills :: 8 New Listings, 3 price reductions, and 4 sales. Total inventory 194 Calgary :: 363 New Listings, 93 Price decreases, and 101 sales. Total Inventory 3,667Click here for more information
Currently there are 10 townhouse or duplex style units for sale in Okotoks priced under $300,000.  In the past 6 months there has been 8 sales.  Given a very slow winter market these sales volumes could be considered acceptable overall when comparing to the detached home market. Resale prices are down from years past as sellers compete with brand new homes.  For attached homes priced over $300,000 the sales volumes reflects a different story however. There are currently 25 for sale and only 5 sales in the past 6 months. ATTENTION BUYERS! Apartment market in Okotoks; Currently 17 for saleClick here for more information
There is a lot of advertising out right now by companies pushing the for sale by owner route to real estate making claims that sellers can save a ton of money. They make it seem like it’s so easy. It is important to have the full picture before you pay upfront fees and possibly get disappointed. For Sale by Owners, or FSBO’s for short, need to seriously consider the pro’s and con’s and the facts before going it on their own to try and sell their home.   The hard facts for Okotoks FSBO’s;  13 out of the 205 homesClick here for more information
Spring is upon us in the real estate market. As typical this time of year, lots of new inventory comes on the market. This is great for buyers that haven’t been able to find what they want yet. The thing to watch over the next month or so is if sales keep up with new listings or do we see inventory levels continue to grow. High levels of inventory will put pressure on pricing and so now more than ever, it is important for sellers to be realistic and listen to their realtors advice and watch market trends.   TheClick here for more information
Country residential lot sales in Foothills County seem to be on track to mimic 2018 volumes. For bare lots 2-6 acres in size, there were 19 sales in 2018. For parcels 6-10 acres in size there were 6 sales. For 2 to 6 acres lots, there are currently 44 for sale in Foothills County and there are 12 lots for sale in the 6-10 acres range. Lot asking prices are all over the map but the average asking price is $342,000. By law with the Calgary Real Estate Board, GST should be included in the asking price. The average saleClick here for more information