Terryberry Real Estate Group

Listed at $650,000. Sold at 123% of list price. Yes, you read that right!

This one was never going to be a straightforward sale, and we knew that going in. The property had gone through a significant water event, and our job was to find the buyer who could look past the current condition and see the real opportunity here. Spoiler alert: we found them.

Results like this don't come from luck. They come from knowing your market, understanding your buyer pool, and positioning a property with honesty rather than trying to hide what it is. We're incredibly proud of this one.

To our sellers, thank you for trusting our team through a process that had more moving parts than most. This outcome was well earned, and we're so glad we got to be in your corner throughout it all!

The spring market is here. But this year, it's playing by completely different rules.

For the first time since 2020, Calgary's entering the busiest season with nearly 4,200 active listings, slowing population growth, and a market that's split into two very different stories. That matters because the strategy that works for buying a detached home is completely different from buying a condo right now.

Here's what we're seeing: Detached homes are still competitive with just under three months of supply. If you're in that market, you need to be prepared to move quickly on the right property. But the condo and townhome segment has flipped entirely. Over five months of supply means buyers have genuine negotiating power for the first time in years, and sellers in that segment need to be realistic about pricing and presentation.

This is why blanket market advice doesn't work. "The spring market is hot" tells you nothing about what's actually happening in your specific segment. A buyer looking at condos is in a completely different position than a buyer looking at detached homes, even though they're shopping in the same city.

Our team breaks down these trends by property type and neighbourhood so our clients can make decisions based on their actual situation, not just the headline. We've covered the full breakdown in this week's newsletter, including what this means for both buyers and sellers depending on where you're looking.

Understanding your segment is what matters. That's how you navigate this market with confidence.

Spring Market Shifts: High Inventory, Condo Boom in Calgary Discover what's really happening in the Spring real estate market. Inventory at highest levels since 2020 and the condo market has flipped. Learn what it means for you.