Tag Archives: Okotoks

Homes sold in Okotoks for the month of March 2017

Okotoks property prices by community fro the month of March 2017. This is a high level overview of home prices by community in Okotoks Alberta. The report shows the list to sold price adjustment and how many days the property was on market. If you would like to know the current market value of you home send me a text at 403.605.7200 or complete my online Okotoks Home Evaluation Request and I will send you a detailed report.

Address List price Sold Price Adjustment Percentage Days on Market
 CRYSTAL $464,900.00 $460,000.00 -2% 218
 CRYSTAL $489,900.00 $475,000.00 -4% 43
 CRYSTAL $275,000.00 $274,000.00 -1% 16
 CRYSTAL $274,500.00 $268,500.00 -3% 99
 CRYSTAL $649,999.00 $620,000.00 -5% 115
 CRYSTAL $544,900.00 $520,000.00 -5% 50
 CRYSTAL $283,000.00 $274,500.00 -4% 86
 CRYSTAL $292,000.00 $282,000.00 -4% 19
 CRYSTAL $439,000.00 $425,000.00 -4% 35
 CRYSTAL $249,900.00 $240,000.00 -4% 27
 CRYSTAL $229,900.00 $222,000.00 -4% 42
 CRYSTAL $215,000.00 $214,000.00 -1% 8
 CRYSTAL $419,000.00 $408,000.00 -3% 106
 CRYSTAL $549,900.00 $535,000.00 -3% 12
CIMARRON $327,500.00 $320,000.00 -3% 69
CIMARRON $479,900.00 $461,500.00 -4% 28
CIMARRON $383,500.00 $376,000.00 -2% 4
CIMARRON $365,000.00 $355,000.00 -3% 176
CIMARRON $539,900.00 $529,000.00 -3% 17
CIMARRON $494,900.00 $488,000.00 -2% 147
CIMARRON $499,900.00 $494,900.00 -2% 164
CIMARRON $499,900.00 $493,000.00 -2% 9
CIMARRON $479,900.00 $470,500.00 -2% 113
CIMARRON $384,777.00 $375,000.00 -3% 110
CIMARRON $369,900.00 $369,000.00 -1% 11
CIMARRON $580,000.00 $530,000.00 -9% 31
DOWNTOWN $299,500.00 $315,000.00 5% 1
DOWNTOWN $295,000.00 $284,000.00 -4% 35
DRAKE LANDING $524,900.00 $515,000.00 -2% 154
DRAKE LANDING $420,000.00 $410,000.00 -3% 39
DRAKE LANDING $495,000.00 $491,000.00 -1% 65
DRAKE LANDING $784,900.00 $754,500.00 -4% 35
DRAKE LANDING $595,000.00 $585,000.00 -2% 20
DRAKE LANDING $428,900.00 $420,000.00 -3% 41
DRAKE LANDING $544,900.00 $537,900.00 -2% 43
DRAKE LANDING $419,999.00 $415,000.00 -2% 107
MOUNTAINVIEW $419,900.00 $440,800.00 4% 47
MOUNTAINVIEW $449,900.00 $447,400.00 -1% 96
MOUNTAINVIEW $525,900.00 $515,000.00 -3% 18
RANCHERS $850,000.00 $800,000.00 -6% 26
RANCHERS $999,900.00 $982,500.00 -2% 24
RANCHERS $869,000.00 $846,000.00 -3% 19
SANDSTONE $339,900.00 $333,000.00 -3% 15
SHEEP RIVER $475,000.00 $462,000.00 -3% 58
SHEEP RIVER $490,000.00 $475,000.00 -4% 109
WENTWORTH $424,900.00 $420,000.00 -2% 17
WESTMOUNT $524,900.00 $516,500.00 -2% 62
WESTMOUNT $575,000.00 $561,000.00 -3% 64
WESTMOUNT $439,900.00 $430,000.00 -3% 53
WESTRIDGE $245,000.00 $241,500.00 -2% 23
WESTRIDGE $408,000.00 $390,000.00 -5% 141
WESTRIDGE $629,900.00 $606,000.00 -4% 45
WOODGLEN $385,000.00 $375,000.00 -3% 29
WOODGLEN $429,900.00 $429,900.00 0% 28
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Okotoks house price outlook 2016

2016 housing market outlook, Okotoks house prices.

smiling couple in front of sold homeWhen the economy is struggling I am often asked what impact will this have on house prices in Okotoks and will I be able to sell my home. The short answer is house prices in Calgary and Okotoks typically follow oil prices. When oil prices are down, the Alberta housing market is down and we enter a buyers market and when oil prices are up, demand for housing is up and we enter a sellers market.

If you are looking to sell your home in Okotoks or Calgary in 2016, price will be the ultimate sales tool. The golden window to sell a home is within the first 4 weeks and setting the correct price will be key to this success. If you want to know the current market value of your home I can provide you with all the market information you need and a suggested list price.

So how do you set the correct list price?

Market research, experience and measuring your home against similar homes that have sold recently is the secret. You need to work with a Realtor who monitors the market on a daily basis and keeps you up to date on every movement. Success in a slow market comes from staying ahead of market trends. This approach does work and I sold every home that I listed in 2015. Adopting a lazy strategy of simply following what everybody else does can be risky and you end up missing active the buyers.

What are the experts saying ?

The Canadian Real Estate Association (CREA) believes the average price of a home in Alberta, will fall 2.5% next year due to struggling oil prices. In November 2015 the average Calgary home sold for $445,800 which is down 1.99% from November 2014.

Timeframe and Property

On a positive note, it is widely predicted the Bank of Canada may cut interest rates in January and this would help boost struggling home sales. However a recently announced federal reforms to mortgage lending will have a negative effect on homes that sell for $500,000 or more. The new mortgage lending rules come into effect on February 15th and are intended to target the heated Vancouver and Toronto markets which are the most expensive markets in Canada.

  • The minimum down payment will increase from 5% to 10% for the portion of a home purchase above $500,000
  • This rule change will likely impact approximately 10% of all home sales in Calgary and Okotoks.

So what does this all mean for the Calgary and Okotoks housing market in 2016?

At the moment the housing market is performing as expected given the scale of the oil price slide. The number of people migrating to Calgary and the surrounding areas is slowing and the demand on both rentals and resale homes will decline over the next quarter. The bargain hunters will remain active and most resale activity will be in homes priced in the lower third of the market.

  • If you need to sell your Okotoks home, don’t panic we can sell your home.
  • If you want to buy, there are some great homes for sale and although the market may go down history shows us it always comes back and we have to live somewhere.
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Guide to Replacing Carpet with Hardwood

hardwood

Overwhelming research indicates that homebuyers prefer hardwood floors to carpeting. In fact, data from the US National Association of Realtors states that 54 percent of buyers were willing to pay more for hardwood floors.

However, not every home seller should start ripping up his or her carpets and laying down flooring without careful deliberation. To help you decide the best way to renovate your home’s floors before a sale, here are some options:
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Important Home Improvement Tips

dream home

When you buy a new home, it is common to want to make a few changes or upgrades. Few people find a home that is 100% perfect. While you may at first look at new Okotoks real estate and think it is a dream come true, soon you will discover that the kitchen is not quite right, the bathroom needs a bit of a facelift, or even that the paint does not match your taste. Here are some basic tips and trips for improving your home.
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Tips for Home Sellers

selling home

When the time comes to sell your home, it can be stressful and upsetting. Home sales are a maze of pricing, home inspections, legalese, loopholes and bureaucracy that are frustrating at the best of times. There are many things you have to consider, but if you take it step-by-step and follow some common best practices, you can reduce the issues you may encounter. Here are some good tips and tricks for getting your home ready for sale.
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Everything Old Is New: Mid-Century Décor

mid century modern

Everything moves in cycles. In the 1990s, the 70s were all the rage. In the early 2000s, nostalgia looked back at the decadent 80s. Home décor is no different than any other style or fashion.

This past year has seen a resurgence of interest in what is often known as Midcentury Modern Décor, a style and aesthetic that was first popularized between the 1930s and 1960s. As you work with your interior designer to decorate your new space, consider the following ideas.
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Organizing Your Private Library

library

Being a luxury home owner means having the kind of options for relaxation which others only dream of. For many, this includes having your own library. A dedicated library and study provides not only a real touch of class to your home, it can be one of the greatest places for rest and leisure that you could ever want.

Organizing this library can be a challenge. If you have a large collection, you want to be sure you can find what you want and have the space to make it happen. Here are some tips for setting up a private library in your luxury home.
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Luxury Sales Strategies

real estate

When you are getting ready to sell your luxury home, you will know the market is far different from typical mid-range or economy homes. You need to list your home properly to attract the right buyer. Your entire audience is different. They want different things and are more discerning and specific in their tastes.

All of this combines with the fact that you have a far smaller market, and a lot more competition. Here are some strategies that you and your luxury home agent may employ to help you get your sale fast.
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How to Know When You Are Ready to Sell

Understand when you are ready to sell your home.

Selling a home can be downright painful. It can be very difficult to let go of some of the memories and think about the time you have invested in the home. You may also be uncertain about your exact plans for the future.

While there is no magic way to determine that you are ready to finally commit to selling, there are some helpful indicators.

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To Repair or Replace? Best Ways to Resolve Problems Before Sale

Dress up your Okotoks real estate with replacements.

If you have an issue with something in your house, resolving it before you put the house up for sale is your best bet. You will not necessarily have to shell out the money for a replacement. Depending on the condition and the context of the item in discussion, repairing may be a good option.

On the other hand, replacement could spell more value for yourself and the home buyer in the long run.

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