Unlocking Calgary's Real Estate Potential: 5 Key Seller Strategies for 2024

The Calgary real estate market is experiencing a unique phase, making it an opportune moment for home sellers. With Alberta's economic landscape characterized by high employment growth, lower taxes, and a robust energy sector, the province is an attractive destination for skilled workers across Canada. 

The Stability of Calgary's Market:

Contrary to the volatile real estate headlines at the national level, Calgary's market has demonstrated remarkable stability. This resilience is underscored by a 17.98% increase in year-to-date (YTD) total home sales and a 5.04% rise in average home prices, from $496,852 in 2021 to $521,910. Such trends highlight Calgary's real estate as not merely playing catch-up with other Canadian cities but carving its niche.

Emerging Trends: Row and Townhome Sales:

A significant trend in Calgary's real estate market is the surge in row and townhome sales, which have seen a 47.51% increase YTD. This shift indicates a growing attractiveness of these housing types, further supported by a 19.01% growth in new listings in this sector. The rise in row and townhome sales is particularly noteworthy, offering a fresh perspective on Calgary's diverse housing market.

Forecasting Calgary's Home Prices:

Despite predictions of a 25% drop in Canadian average home prices by the end of 2024, Calgary's market is expected to remain resilient. The economic downturn from 2014 to 2020, primarily due to the collapse in energy prices, had already adjusted Calgary's home prices to be more affordable. The historical backdrop, combined with the relatively small price increases that followed the recovery, puts Calgary's real estate market in a solid position.

The Return of Buyers:

The current market dynamics in Calgary are encouraging more buyers to return and seek their dream homes. This renewed interest is buoyed by robust demand across all sectors, with sellers achieving favorable property prices. The influx of buyers from Ontario and B.C., alongside locals re-entering the market, underscores the growing confidence in Calgary's real estate.

Alberta's Economy: A Boon for Real Estate:

With its high energy prices and low unemployment rate, Alberta's economy parallels the strength of its real estate market. Historical trends indicate that Calgary's housing market flourishes under such favorable economic conditions, making it a suitable time for sellers.

Choosing the Right Real Estate Advisor:

The success of selling a home in Calgary's market hinges on leveraging advanced online marketing technologies. Platforms like Calgary.com exemplify the forefront of real estate marketing, offering comprehensive services to ensure a seamless selling experience. From accessing financing and mortgage broker connections to utilizing moving concierges, sellers have a wealth of resources at their disposal.