The other day I was sitting on the veranda in northeast Calgary discussing home sales, values and relocations. I was asked a question that I had been asked by others when discussing particular neighbourhoods and their desirability.
"I see a lot of homes going on the market in xxx neighbourhood. Is there something wrong with that area? Something I should know about, before I explore that area?"
This is a question that comes up often. I have even asked it when looking through data and seeing a flurry of sudden activity in a district.
And of course sometimes the answer is yes.
But not always.
This followed a coffee with a friend who told me he would love to be able to refer someone to us as a client but everyone he knows is settled into their lives and hence their homes.
As we work with different clients, it has brought to my attention that life comes full circle.
When our children are small, we never think of them leaving the nest. Beyond the thought of how we are ever going to get a full night sleep again, we think they will forever be young and innocent and in our homes. When we are children ourselves, we see our parents and their home as a constant and eternal.
Yet both are untrue. Life is always changing and in flux. Our children somehow mature and gain some independence, even those those who need some help as they grow. Parents age and often eventually need their children's help. Full circle.
People often start out with their own starter home, condo, or apartment. As families grow, they look for bigger and more spacious homes. When kids become teens, we look for places where everyone can have their "own" space. Eventually, once the kids are having kids, and when knees and hips yell back at us for even looking at the staircase, it often makes sense to downsize into bungalows and smaller places. And, eventually, our space needs may have us consider a smaller condo or apartment. Full circle.
And so it is with neighbourhoods. When a lot of For Sale signs go up in a neighbourhood, it may not mean that there is something amiss with the area. It may just mean the neighbourhood is going through a phase where it is time for the families to change. The young people who initially bought into the condo are starting to have families. The families in the starter neighbourhood are having more kids. And the people who have lived in an area for 10, 20, or 30 years are deciding to find smaller houses again. Full circle.