As I write, there are 48 homes for sale listed on the MLS in Lake Sundance Calgary. Back at the beginning of 2010, there were only 14 active MLS listings for this highly desireable lake community.
In fact there are so many homes to choose from, that home buyers are taking their time in selecting just the right one. They way I see it, you can get a lot of house for the money right now. I've watched as sellers and their Realtors have competed for buyers by dropping their prices since they first went on in the Spring. As the last snows melted (or so we thought) homes sprung up on the Calgary real estate market like crocuses and tulips.
Optimism abounded, as we all sighed in relief at the thought that the recession is finally coming to an end. With optimism though, comes the chance to become oportunistic. So many home owners put their homes on at prices that were considerably higher than they woud have just one year ago. You'd think, if the recession is over, you should be able to get a little more for your house right?
Unfortunately, that's only the case if buyers are willing to pay a little more. So it's really important to price your home at what the market will bear, when the market will bear it... that is right at the beginning of your listing.
Of the 48 houses for sale in Sundance right now, 36 of them have had their prices reduced, and/or have had their listings expire or were terminated and re-listed. Many of them have had several price reductions since they were first listed. In fact, 29% of those homes are vacant.
Consequently, I've seen some great homes, with considerable square footage for really Great Deals:
- 2200 square foot + 2 storey houses for under $475,000
- 2000 square foot + 2 storey homes for under $450,000
- 1800 square foot 2 storey houses for under $400,000
Now Lake Sundance is a well established community, with homes built in the 1980's and 1990's. I've noticed some people turn away from homes because they may require some updating... but think of the potential value you can create for yourself by modernizing a home in a great community that has unbelievable amenities, transit, and 6 schools, both public and private from Kindergarten all the way through to Grade 12.
Find out what's available in Lake Sundance right now www.LakeSundanceHomes.com
Then give me a call, I'd love to show you some of the true Gems in this neighbourhood that I've come across.
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