November Real Estate Market Update 2023

As the winter chill sets in across Calgary, (yes, it’s coming) there’s some serious heat coming to our real estate market. I’m pumped to share some insights and updates with you.

At Plintz Real Estate, we see it as the country’s hottest real estate market for this winter. A bold statement, indeed! But someone’s gotta read the tea leaves – and the stats.

The average house price in our city has reached $571,600. For someone who grew up in a family that rented until my mom’s retirement, this figure resonates deeply. And we are buyers now for a few reasons, in spite of rates – which we think will go up further by the way.

You see, when you delve deeper, this price tag is surprisingly accessible. It becomes even more enticing when you consider the costs of renting versus owning a home of this value. And let’s not forget the potential for a 10% (or more) increase in property value over the next year.  Yes, another Plintz prediction, but we have data to support it, and not just past statistics.

While we don’t have a crystal ball and we can’t claim to always be right or certain about the future, our expertise in real estate allows us to make educated forecasts based on current trends.

Yes, it’s going to be cold outside – that’s Calgary for you! But the statistical and sentimental indicators suggest that our real estate market is heating up in a big way. The city is witnessing a significant influx of new residents, making it a serious hub for those seeking new beginnings.

Why Calgary Stands Out:

– Steady Growth: Property prices have risen almost 10% year over year. Remember, we’re bouncing back from a lower baseline than most.
– The Return of the Oil Industry: With oil prices climbing, there’s renewed optimism in the market.
– Blue Skies and Opportunities: More people are moving here for the clear skies and ample opportunities, making Calgary an attractive option for homebuyers.

As your real estate team, we are more than ready to assist you in navigating this exciting market. Whether you’re looking to buy, sell, invest, or simply explore your options, we bring a unique blend of creativity, connectivity, and responsiveness to the table. Our process is designed to make your real estate journey smooth and successful, in one of Canada’s most affordable major cities.

Don’t let the cold weather fool you; Calgary’s real estate market is hotter than ever. If you’re considering a move, or an investment, or need expert advice, we’re here to help you navigate your real estate decisions.

Detailed market update statistics from the Calgary Real Estate Board for October 2023 are available HERE.

Contact us directly for the stats on Airdrie, Cochrane, Rockyview, Bighorn, or other areas in the Calgary region.