What Determines Your Home's Value
- Your home's value is based on what buyers will pay in today's market.
- A Comparative Market Analysis (CMA) uses recent sales and current competition.
- Assessed value and a neighbour's asking price are not reliable guides.
- Condition, upgrades, and location all affect value.
What Goes Into a CMA
- Recent sales of similar homes in your community
- Active listings that buyers are comparing to yours
- Expired or withdrawn listings that didn't sell
- Market trends, inventory levels, and days on market
- Your home's size, layout, lot, condition, and upgrades
Why Assessment Isn't Market Value
Your City of Calgary assessment reflects estimated value as of July 1 of the previous year, using mass appraisal methods. It may not reflect recent renovations, current market conditions, or features buyers value most.
Online Estimates
Automated online valuations can be a starting point, but they can't see inside your home or understand how it compares to nearby listings. Their estimates can be off by a wide margin.
Features That Influence Value
- Location, including street and lot orientation
- Updated kitchens and bathrooms
- Developed basements and legal suites
- Garage, parking, and outdoor space
- Major system updates such as roofs and furnaces
Get an Honest Assessment
I'll walk through your home, review the data with you, and provide a realistic price range. From there, we can build a pricing strategy that reflects today's market and your goals.
