Calgary Real Estate Agent Offers Tips for Navigating the Market After New Record for Luxury Homes Sold

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Just after the end of October, Calgary learned that it had set a new record for number of luxury homes sold in 2012. The number, 459, tops the total number sold in 2007 by just one, but the figures reflect a trend within Calgary real estate of growth and prosperity and this doesn’t seem to be slowing down. To assess the future of the market and offer advice for prospective buyers, a realtor is often a safe place to turn.

Calgary sets real estate record again in 2012...

Today, thanks to the Internet and also to innovative apps for the iPad and other handheld devices, it has become easier to track over the mid- to short-term what the real estate market is going to do, and how to respond as intelligently as possible.

The Calgary real estate market has remained strong over the past several years, throughout the recession of 2008 and into the recovery of more recent months. In fact, according to a recent report, although home prices reached a peak level in 2007 they are once again approaching that peak, and luxury homes have been sold in record numbers this year, eclipsing the mark set five years ago.

Now, throughout the Canadian real estate market, all eyes are focussed on Calgary and Edmonton, the staging area for some of North America’s largest oil and gas projects, and the two of the most economically optimistic cities in the country. These two cities have become the focus of a lot of talk among investment groups and private investors, as both the residential and commercial real estate markets have remained strong in what has otherwise been a period of slight decline in national property values.

Experts are of two minds regarding whether this economic prosperity will continue to drive up market demand (resale values for Calgary houses for sale are also extremely high, with an average resale home going for over $400,000), or whether the prices will eventually collapse under their own weight and Calgary will rejoin the rest of the nation in anticipating a gradual return to more reasonable figures.

The luxury real estate market in particular appears to be safe for the present, as the recent record number of luxury homes sold in the city likely indicates executives looking to relocate to the city will continue to find this class of real estate both appealing and worthwhile. As for the rest of the marketplace, how things proceed from here will likely be difficult to assess, according to the Cliff Stevenson Group, who advises using as many tools as a prospective buyer has at their disposal to stay one step ahead in a constantly changing market.

Today, thanks to the Internet and also to innovative apps for the iPad and other handheld devices, it has become easier to track over the mid- to short-term what the real estate market is going to do, and how to respond as intelligently as possible. But investigating the benefits of new technology is only one of Cliff Stevenson’s strategy for buyers navigating today’s fast-paced markets. Because Calgary real estate changes so quickly, and has been so difficult to predict over the past five years, a strategy of constantly engaging the market is often best to ensure that when a sound investment is located it can be capitalized on.

The Cliff Stevenson Group has been helping Calgarians get the edge on their protean market for years now, and in that time they have innovated a number of helpful solutions for every genre of real estate buyer. The tools that they make available on their website are accessible to both clients and non-clients and tend to make the real estate scene much easier to navigate for everyone that uses them.

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Real Estate Agents Calgary

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