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Radio Interview & Podcast with Tony Joe

Episode 143 – Cross Country 2019 Real Estate Market Recap: Toronto, Calgary and VancouverToronto: Tom Storey www.storeyteam.caCalgary: John Hripko www.ripko.caVancouver: Keith Roy www.keithroy.com

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Luxury home market stabilizing, but by no means recovered in Calgary: report

“Yes, it’s stabilized, but they (luxury homeowners) took a massively bigger hit than the rest of the marketplace,” Hripko said. “The luxury market took a beating almost instantly in 2015, so if a home was worth $5 million, it was probably selling at $3.5 million. And it may still be selling at that same $3.5 million today.”    Read Full Article ->


Slight year-over-year price declines in Calgary’s luxury market

“We are seeing buyers who were priced out of the luxury market in previous years buy their dream home,” says John Hripko, agent, Royal LePage Benchmark in Calgary. “Luxury homeowners are also taking this opportunity to move up in the segment. The opportunity for those trading up within the luxury segment is unprecedented (because) inventory for luxury property is not appreciably increasing and sales during the 12-month period are steady compared to the year prior.

“Sellers are reluctant to put their properties on the market and sell at a loss. The collective impact of this trend has minimized price decline.

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Calgary’s home resale market takes hit after hit in 2018

Hripko, who also owns a property management and leasing company, said many sellers are choosing to go that route.

He added that some of his clients believe any money coming in is better than no money coming in.

“Right now, they’re hemorrhaging money because they have mortgages, utilities, taxes etc.,” he said. “So leasing it out will stop the hemorrhaging but it won’t necessarily stop the bleeding.”

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Luxury home prices fall in Vancouver and Calgary, rise in other big cities

Royal LePage Benchmark realtor John Hripko considers the dip to be “negligible” in the Alberta city. He would characterize the luxury housing market to be relatively “flat” in Calgary, but economic concerns could be playing into the lack of growth. The city hasn’t seen a “seller’s market,” in which scarce supply means prices can stay high, since 2013.

“This marketplace will turn around,” he said, noting that it likely won’t see substantial improvement for a couple more years and until the city diversifies away from the energy sector. “The overall economic scenario in Alberta and Calgary has to improve dramatically.”

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Luxury home prices jump in some parts of Canada as boomers, young executives compete with foreign buyers

It could be an opening for Calgary buyers, said John Hripko, an agent at Royal LePage Benchmark. “We are seeing buyers who were priced out of the luxury market in previous years buy their dream home,” Hripko said. “The opportunity for those trading up within the luxury segment is unprecedented.”

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Calgary luxury home prices rising: Royal LePage

“While Calgary’s luxury condo market is still showing some softness, our luxury house market has stabilized after years of sustained low prices,” said John Hripko, associate broker, Royal LePage Benchmark, in a statement.

“However, some of the median price appreciation gain can be attributed to a relatively healthier upper-end luxury property market while price reductions to lower-priced luxury properties have pushed some listings out of the luxury category.”

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” Our goal is to provide the ultimate real estate experience for our clients “



John Hripko

REALTOR & TEAM LEADER


We had the pleasure to work with jenna drummond on our recent real estate deal. She definitely impressed us with her dedication, enthusiasm, and her work ethic throughout. She has been nothing short of amazing. Thank you jenna for [being] a key element to our next adventure.
J. LAMONTAGNE
Karen, our experience working with you was nothing short of fantastic. We will definitely recommend you and the services you provided us.
Norm and Joanne
Our experience with Karen was seamless. Karen is a diligent and very dedicated real estate agent. Her professionalism was exceptional. Her personable and hands on approach lent to very efficient and effective sale and purchase transactions. Karen was a trusted advisor throughout the entire process and I would recommend her services to anyone
Angie
William has been wonderful to deal with during our property search his in depth knowledge of market prices and trends really aided us in our search to find the best property at the appropriate price
Mike
Thank you for everything Karen, this has been the best home sale experience we have ever had. You and your team are amazing!
Diana
I highly recommend John, he has helped our family sell a home in Calgary during a tough market for top dollar, and he helped us find our dream acreage. We literally couldn’t have done it without him.
Brian K.
Karen Keveryga guided us through the excitement and challenges of buying our first home and we are so happy to have her on our side. She put in many hours and much effort to find a home that’s perfectly suited for us, and 2 years later we are still thrilled with our purchase and truly feel at home. She made sure we were comfortable throughout the entire process and was there for all of the questions (and there were many) we had about buying our first home. We would recommend Karen to anyone looking to buy a home and are already looking forward to working with her again when the time comes!”
Samantha and Tyler
We had an incredible experience working with jenna. She is knowledgeable, professional, has your back, and is so fun to work with! Would highly recommend her to anyone in need of a realtor.
W. KEMPIN
I would like to thank all of you guys for the sale of my property in Bearspaw, especially Karen Keveryga, my listing agent.
She has certainly went above and beyond the normal standards of service I have received from my previous realtors from other real estate companies. Yes, my home was for sale a couple times before in years past but Karen and her team got the job done.
And now Karen has also helped me in a huge way to find my next property. So again, thank you Karen for all your help. I am grateful for all you’ve done for us.
Jamie Cayer
I don’t write a lot reviews, however our experience with jenna drummond was incredible. My fiancee and I just purchased our first home and it was so incredibly easy and fluid with jenna at our side. She walked us through everything and anything and would always answer our questions with great explanations and went above and beyond to help us. If you’re thinking about buying a home I would definitely recommend jenna!
R. SAPARO
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