Calgary Real Estate Market Report for April 2020

Posted by Jared Chamberlain on Wednesday, April 1st, 2020 at 1:00pm.

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After a really strong start in 2020 that our brokerage saw in sales and activity, we have seen some changes, as expected. Many homeowners are still having possession taken place over the coming weeks from the sales that happened over a previous couple of months.⁠ ⁠ With all the COVID-19 talk and impact on Calgary, we are starting to see some of it affecting our market. Here is what we've noticed:⁠ ⁠

  1. If you are still thinking of selling and are ready, DO IT! 
    Here's why... Many homes are coming off the market, sellers taking a pause in their transition for many reasons. With the inventory low, our agents are actually calling agents who had listings that have expired to see if their client would be open to selling because we have buyers who are active and are still very interested in moving and they just simply can't find great inventory. And I know that we aren't the only agents in this situation. ⁠ ⁠
  2. Creative Marketing Needed.
    During this time we have ramped up our marketing for our listings and started to one of the ways is we have added in virtual open houses to our ways of getting the word out to your home.⁠ ⁠
  3. Buying and Showings are Different.
    If you are buying and actively looking, the process of showings is different. We do ask that you work with us and each seller of homes that you are interested in and complete some specific COVID-19 disclosure forms to protect everyone involved. The other option is having some of your showings done virtually. This means seeing the home via FaceTime or another video chat system. ⁠ ⁠

The market has changed and we are adapting to it. Let us know how we can help you out during this time!⁠

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