January Real Estate Market Update 2022

The past year was tough on many fronts but also exceptional on many others. I believe this new year is going to be better because we are going to make the best of it.

For you, with you, and in this city, however, we can.

In regard to real estate, 2021 was a record-setting year. Our small team changed, expanded, and worked ridiculously hard (a nice distraction from some of the other news out there).

Thank you for your support and trust in us.  

We celebrated 20 years in the business and next week will be our third anniversary as a brokerage. We set a few records within the luxury market and with buyers and sellers.

But MOST IMPORTANTLY, we continued to learn a tremendous amount about how to do it all better and we feel like we are just getting started.  

Yes, it was a record year for real estate. 

Calgary reached record sales of 27,686 units this past year.  Sales were nearly 72% higher than 2020. That may be easily explained as 2020 was an unusual year with the start of the Covid pandemic and it would seem to make sense that sales could have been low for that year, however, it is also 44% higher than the 10-year average!

 

Listing supply is low, nearly 25% lower than the monthly average for December, and is struggling to keep up with the demand of buyers. This is caused by concerns of inflation and rising interest rates causing buyers to feel the urgency to purchase sooner rather than later. This urgency and lack of supply have led to an increase in prices.

 

December saw unadjusted benchmark prices rise a percent over November and more than 10% higher than the previous year – just shy of the record high set in 2015.

January 2022 Market Update stats image calgary
The better news is that we expect it to continue. You haven’t missed the market if you didn’t make a move last year.

Everything from inventory to inflation indicates prices will rise. Therefore homeownership and real estate investments are a good thing to do in 2022 and beyond. Real estate is a relatively safe and secure investment and we have over 20 years of experience and connections to help you make the best decisions going forward. 

In addition to buying and selling real estate, we are partnered with some of the best of the best in our city to help you – home renovations, maintenance, lending, and charitable causes.

** If you know of anyone extraordinary that is worth recommending, let us know, we’d love to check them out! **

Our history, experience, and connections have led us to be able to connect you with someone that can help in most situations. Let us know what you need and we’d love to make an introduction.

Of course, Team Plintz for all your real estate needs!  From agents to service partners, and marketing, we are here to give you (or your friends and family) the very best representation and strategy for your real estate needs.

If you know anyone looking to buy, sell, or just needs advice on their real estate, please share this with them. We will do our best to help at the highest level possible.

For the detailed market statistics from the Calgary Real Estate Board for December 2021 click HERE. Contact us directly for the stats on Airdrie, Cochrane, Rockyview, Bighorn, or other areas in the Calgary region.

 

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