Shelley Soles ABR®, C.C.S - Certified Condominium Specialist, SRES - Senior Real Estate Specialist, REALTOR®
In my business, the people I ride alongside make all the difference - this includes colleagues, clients and business partners. I take these partnerships to heart. Thank you for sharing the ride with me and I look forward to helping more buyer, sellers and investors in 2022.
This January I can proudly say I've been helping clients buy and sell real estate for 16 years. This is milestone I'm very proud of and all of them with Royal LePage Benchmark.
Over 90% of my business comes from past clients and referrals. These satisfied clients have spread the word about the great service they’ve received from me and my brokerage, Royal LePage Benchmark. I work primarily in Calgary, Cochrane, Airdrie an Okotoks.
Every one of my clients is unique, and that is exactly how I treat them. I don’t measure my success by sales, but by the relationships I build along the way. My goal is to take the complex process of buying and selling real estate and make it a simple one.
So whether you are thinking about buying, selling or investing, give me a call - I would be happy to meet or talk with you to determine how I can help. Absolutely NO obligation!
I send out a newsletter at the beginning of every month - providing a summary of the previous month's activity in many segments of the market - along with some fun, interesting activities in Calgary that you and your family may enjoy! If you'd like to receive a copy, please sign up using the link provided on this page.
To find out more details on the current Calgary, Airdrie, Cochrane and Okotoks markets, please check out the CREB Monthly Stats tab as it is updated the beginning of every month. If you'd like a more detailed breakdown of any segment of the market, I can provide more data.
CREB®'s Q1 2022 Housing Market Report
City of Calgary, April 22, 2022 –
The first quarter of 2022 saw record high sales activity, thanks to an increase in new listings. This provided some choice for buyers in comparison to the previous quarter, where sales exceeded the number of new listings.
Although there was an improvement in new listings, it was not enough to add significant supply to the market. Inventory levels declined over the last quarter of 2021 and were 30 per cent lower than long-term trends, reflecting the lowest quarterly inventory level seen since 2014.
“Record sales combined with low inventory levels caused the months of supply to average just over one month in the first quarter,” said CREB® Chief Economist Ann-Marie Lurie.
“Conditions have not been this tight since 2006, which was also the last time that we saw price gains push above 15 per cent.”
The persistent sellers’ market conditions weighed on prices in the first quarter of 2022. Driven by strong gains in the detached sector of the market, the total residential benchmark price averaged $496,767. This is a quarterly gain of nearly eight per cent and a year-over-year gain of over 15 per cent.
While sales were expected to be strong in the first quarter, demand continued to exceed expectations.
“Expectations on rising rates and further price gains is likely pushing consumers to enter the market as soon as possible,” said Lurie.
“However, lack of choice over the past several quarters has created a build up of demand that can only be filled as supply levels improve.”
While economic improvements will continue to support housing demand, this pace of sales is still expected to cool later this year. This will eventually help the market shift to more balanced conditions and slow the upward pressure on prices.
For more specific details on the different segments of the market (detached, semi-detached, row/townhouse, apartment condos) and updates on the Airdrie, Cochrane and Okotoks markets last month, jump over to my CREB MONTHLY STATS page.
Update March 1 2022
As of today, the Government of Alberta has retired most remaining restrictions including indoor social gathering limits and public masking requirements (except in high-risk settings).
What does this mean for the buyers and sellers in Calgary?
While face coverings are optional during property showings and open houses within the City of Calgary, keep in mind that sellers are still able to set their own showing instructions.
All REALTORS®, clients and members of the public entering a property must adhere to the sellers’ instructions. These instructions will be communicated to buyers’ agents by the sellers’ representatives.
As this change comes into effect, please remember that each individual has a different comfort level regarding masking and physical distancing. Some may wish to continue wearing a mask, while others may choose to remove theirs.
We ask everyone to be respectful of those around you if their choice is different from yours.