What's your home worth in today's Calgary Real Estate Market?
Home values in Calgary are moving targets. We can give you a snapshot of the value of your home today. Tomorrow it could change. Home values are determined by the basics of supply and demand with location and condition added in. As a homeowner, you have no control over Supply or Demand or Location. The location is the location and you can't move it. Supply and demand are not controlled by anybody or anything. But do react to mortgage interest rates, time of year, employment stats, migration in and out, politics, fear and greed just to name a few things that cause the supply and demand to change like the weather.
Looking at the chart below of average prices we see that prices do go up, down and sideways in the short term for homes in Acadia Calgary. But the long-term trend is up. Just like the price of a loaf of bread is not the same as it was twenty years ago, neither is a home. The problem with investing in bread is it has a short shelf life. Not so with Acadia Calgary Real Estate.
Home Price Profile for Acadia Homes in Calgary
Many people find this chart below very interesting as it tells the story of a typical Calgary Community with homes built in the early sixties. Acadia is home to over 2,000 bungalows that are of a similar size and on very large plots of land compared to newer Calgary Communities. These homes are getting older and losing value at the same time as the location of the land and lot sizes are gaining in value. The building goes down in value and the land goes up in value over time. And this chart shows that very clearly as the spread in pricing gets wider. Older homes that have never been updated are at the low end of the price scale. The homes at the high end are homes where someone has taken charge of the only thing you really have control over - The Condition. Knowing the price profile for any Calgary Community is very valuable and easy - Just Contact Me at 403 831 0842 or Jerry@JerryCharlton.com