$5.3 Million Bearspaw Estate Calgary – Luxury Real Estate Marketing by Ross PAVL

For more photos & details visit: www.BearspawEstate.com Ross PAVL Group – “Calgary Luxury Real Estate Marketing”. Outstanding Luxury Homes & Condos at http Stunning traditional styled interior with incredible quality walnut woodwork finishing. Another masterpiece created by Stonebriar Crafted Homes Calgary. Guaranteed to Impress! Enjoy the tour.

Vancouver, BC & Toronto, ON dominate the fall 2011 luxury home list. Ross PAVL Group – Luxury Homes & Condos www.RossPAVL.com Leaders in Luxury Home Marketing Music courtesy of Kevin Macleod FOR MORE INFORMATION EMAIL Ross – admin@rosspavl.com

Calgary Sets New Record in Luxury Home Sales

Toronto, ON (PRWEB) November 09, 2012

According to the Calgary Real Estate Board stats, Calgary luxury home sales for the month of October topped 2007s record of 458 by one more. These numbers include the sales of homes worth over 1 million in Calgary. Marcus Arkan, CTO of Syndicate Mortgages compared these statistics with the numbers from other major metropolitan cities and presented an analysis of factors that have led to a continuous boom in the Calgary luxury market.

According to Mr. Arkan, stronger sales are largely and indicative of improving economy in Calgary. Calgary Herald reports that the booming luxury home market has contributed in keeping the overall resale market in a better position. The total single family home sales in Calgary went up 23.3% compared to a year ago. The same source also reported that the prices have also elevated by 6.95 percent reaching $ 437,109 this October.

Mr. Arkan said that stronger sales despite higher prices is good news especially after the stricter mortgage policy introduced in July. Sharing some of the reasons behind the Calgary luxury market boom, he said, Calgary is witnessing auspicious growth in terms of economy, employment and migration. The reason people are buying luxury houses is because they are able to afford them. Moreover, realtors have now got a good grip of their prospects mind and we can now see plenty of luxury homes in the market. So, with a lot of homes to buy and a lot of buyers who can afford to buy, the market is currently in a perfectly balanced position.

Mr. Arkan attempted to direct the attention towards the fact that Calgarys economic situation has remained strong for more than year now. However, he said that homebuyers have taken this much time to establish confidence in the market. This is a well-though decision. The momentum is building and that is why we can hope that favorable conditions will last longer in the Calgary market, Mr. Arkan added.

On the other hand, Canada Real Estate Association (CREA) reported a 15% drop in sales in Canada. According to Mr. Arkan, contrary to Calgarys situation, most of the major markets including Toronto and Vancouver are vulnerable and sales are expected to plunge further during the last quarter of 2013.

For more information on Canada housing industry and mortgages, please visit the website http://www.syndicatemortgages.com

About Syndicate Mortgages Inc.

Syndicate Mortgages Inc. is one of the leading Canadian mortgage brokerage firms. Founded in 2008 in Ontario, the company specializes in residential, commercial and construction financing across Canada. With years of experience and expertise in the mortgage industry, and access to an array of lending institutions across Canada, Syndicate is known for finding the best mortgage rates for their customers. Syndicate has branch locations across Canada. For contact, please use the following details.

Contact Details

Syndicate Mortgages Inc.

http://www.syndicatemortgages.com

Toll Free: (888) 646-1062

Email: info (at) smibroker (dot) com







More Real Estate Market Conditions Press Releases

Did the Calgary Real Estate Market Go Up or Down?

Article by Jared Chamberlain

Did the Calgary Real Estate Market Go Up or Down? – Real Estate

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Are Values Increasing or Decreasing in Calgary?

I was reading through the Calgary Real Estate Boards stats and reports from September 2010 and noticed something very interesting…

The report said the following:

The average price of a single family home in the city of Calgary in September 2010 was $ 460,278, showing a 3 per cent increase from August 2010, when the average price was $ 445,617 all the while, the median price of a single family home in the city of Calgary for September 2010 was $ 390,000, showing a 1 per cent decrease from August 2010 when the median price was 395,000.

How is it possible that the market can go up and down at the same time… Let’s dig into this and understand why it’s important to go look at the median prices versus the average prices.

In the month of August there were a total of 25 properties that sold over the $ 1 Million mark. Considering August was a slow month, this is great… Out of those 25 homes there were only 2 properties that were above the $ 2 Million price point, $ 2.3 Mill and $ 2.6 Mill.

In the month of September 2010 there were a total of 34 properties over the $ 1 Million mark. This is a big jump from August. Along with the increased number of transactions, the price point was also much higher… There were 4 transactions that were in the $ 2 Million price point along with one that sold for $ 3.5 Million.

So, when the report said that the prices in Calgary went up and the media reported the same, Calgarians were lead to believe that the real estate market in Calgary was on the upswing. When in reality and when you pull back the curtain, you will see that the prices in Calgary actually declined from the month before. The median of a range of numbers is determined by ordering all numbers from beginning to end and picking the middle one, or in the case of real estate, the sale prices for that month. On the other hand, the average sale price, where you’d add all the numbers up (or sale prices) and divide by number of sales, gives us the average price.

When you use the median to look at the real estate market values in Calgary, this will take out the super high values and the low values and give us a true indication of what has happened.

So, in saying all this… Did the market go up or down? What do you think?

About the Author

Jared Chamberlain

http://chamberlaingroup.ca/

Office: 403.366.3130

Fax: 1.866.474.3926

Email: sales@tcgroup.ca

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.

Jared Chamberlain



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Jared Chamberlain

http://chamberlaingroup.ca/

Office: 403.366.3130

Fax: 1.866.474.3926

Email: sales@tcgroup.ca












Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.