While evaluating market trends and keeping an eye on active listings for multiple clients, we have been quite surprised to see how much people are paying for below average properties in really rough communities of the city. More surprisingly though – they could have bought a nicer home in a nicer community (with a better yard, easier access to major routes, etc.) for less money than what they paid.
So why would anybody do that – you ask? Well – probably because they didn’t know any better!
Too much emphasis ONLY ON PRICE has been getting a lot of people into serious trouble in the Calgary real estate market lately. Certain areas in Calgary will generally have lower home prices – but there are reasons this is the case! Obviously, we understand that the price and budget is a very real factor and consideration, but read the next section and take a pause – because this is extremely important!
In 2023 we have been watching some houses in rough areas sell for nearly $600,000 (with drug addicts and prostitution happening just up the street). While that was happening, we have had our own clients buying nicer homes in beautiful, safe neighbourhoods for $50,000 - $100,000 less. (Even bigger discounts on price if location is a little bit flexible!)
Additionally, many of these clients were initially looking at these rougher neighbourhoods because they looked nice online and the homes themselves looked OK. But after a proper conversation and asking important questions, our clients have been relieved to understand the other options available.
There are several communities in Calgary that are priced lower due to some of the problems mentioned previously. But there are other communities that are priced even better – and they are excellent places to live!
Having some knowledge of the city itself and your overall lifestyle goals is critical to making a move to Calgary a happy and wonderful experience. Our initial conversations with new potential clients are always focused around REALLY IMPORTANT QUESTIONS involving lifestyle, hobbies, children’s ages (when applicable), reasons for your move to Calgary, future plans and goals, etc.
So while this may sound crazy to some people – we don’t want to just rush out and find you a house as quickly as possible! We want to find you the RIGHT HOME for your unique situation.