In the recent past some homeowners were holding on to properties waiting for a stronger market, now soon-to-be sellers and buyers can choose from many great properties that have just opened up. Prospective buyers can now visit and select from many quality homes and condos in the area. They want to know: how has the market changed and what makes now a good time to buy in West Springs?
Here’s the scoop on recent market changes in West Springs.
What to Know About West Springs
This community is known for being a highly desirable, family-oriented area. In 2016, attached properties sold for significantly more than their listed price and took approximately 51 days to sell. In 2016, buyers looking for a detached home may have gotten a bargain and sellers of attached units would have been happy to receive more than their asking price. Individuals looking for a high-end residence in Calgary will like the fact that this positive trend is continuing through 2017.
According to CREB®, strong gains continue in the City of Calgary. Year-to-date sales are 7 percent higher than those of last year. Buyers have the opportunity to choose from more available properties and many attached-style properties and apartments have hit the market. More substantial economic improvements must still take place but, according to Anne-Marie Lurie, CREB® chief economist, “recent movements are balancing out the higher than expected gains that occurred in the first half of the year.”
These changes provide opportunities for prospective buyers. David P. Brown, CREB® president, said:
“There are several factors influencing new listings. Given the falling prices over the past two years, some sellers were waiting for market conditions to improve prior to listing their homes. More stability in the market has prompted many of those sellers to no longer delay their listing decision.”
In addition, Brown believes inventory has a large effect on helping out buyers:
“In some segments, rising new home inventories are also impacting total housing supply. Ultimately, prices are affected. However, this inventory also opens up the opportunity for buyers to step up into a home that was (previously) financially unattainable.”
This translates to good news for potential homebuyers looking to purchase in high-end areas such as West Springs. This is the right time to purchase at lower-than-usual prices and with the prospect of a home appreciating in value over the long-term.
Check Out Available Properties at Vivace
Move-in ready condos and townhomes are available at Vivace. Get the luxe-detailing and appliances homeowners now prefer with an additional $15,000 off the price before GST plus have no condo fees for 2 years on the townhomes and 2 level condos until October 31, 2017.
Enjoy boutique shopping and walk to favourite restaurants, studios and more while being minutes away from both downtown and the best nature has to offer.
Those buyers interested in being the first to live in a new 2 bedroom apartment condo can lock in a great deal on pre-construction pricing on a new home. Live the life you had only dreamed of starting from the $330s in Vivace at West 85th.
-Guest post by Justin Havre REALTOR – RE/MAX First