Calgary Real Estate: What Properties are Selling & How do Seller's do it in this market?

November is here and we have seen a sharp decline in the number of sales in of properties in Metro Calgary (within the Calgary city limits) in the month of October, 2008. We had only 820 Single Family Sales for October and our Active Single Family Listing count was at just over 5,500.

This translates to 1 in 7 houses are selling in the current market!! November's statistics will be very similar to Octobers sales numbers.

So if ONE in SEVEN Houses are selling, what houses are getting their SOLD sign on their front lawn?

Well, they are the properties that are the most desirable. They have the right combination of Features, Location and they have the right price for the current market. The right price in the current market is the price that will be BELOW the market value as today's Buyer's cannot resist a GOOD DEAL. These are the properties that are selling and some of them are selling quick.

It is a market where you have do more than price your home competitive with other homes in their community. They have to be priced below the competition, this will make buyers notice the value you are offering.

It is best to have the right price out of the gate rather than pricing your property high and then trying to chase the market by dropping your price. Statistics show that when you price your home 10-15% below the market value you will get a greater percentage of potential buyers who will look at your property.

Timing is also VERY important in the Real Estate Market. The importance of placing your property on the market at a REALISTIC PRICE and terms from the very beginning. A property attracts the MOST EXCITEMENT and INTEREST from the real estate community and potential buyers when it is first listed; therefore it has the highest chance of selling when it is new on the market.

Now is a time when sellers require the assistance of an experiences and professional Realtor. They need someone that understands the market and what it takes to help you get your property sold.

It is important that your Realtor educates you on the current market so you can make an educated decision to get the Results you want. Do not hire an agent if he gives you the highest price, chances are that you will set yourself up for disappointments and failures. Hire an agent that tells you the truth and presents you will ALL the FACTS. The truth may be hard to hear but as long as you can remove your emotional attachment, you will be able to make the best decision based on the facts.

Just remember that only 1 in 7 properties are Selling in the current Calgary Real Estate Market.

Feel free to visit my Seller site that serves Calgary & the surrounding cities. You can instantly determine your Calgary House Values in minutes and receive weekly market updates of sales in your community.