Archive for July, 2016

93 20 Street NW Calgary Ab T2N 4Y9

Friday, July 29th, 2016

Bright and beautiful open concept living in a fantastic location in the desired community of West Hillhurst.  Live the inner city lifestyle, walk to river and pathway system, bike to downtown, transit a few steps away, Kensington nearby and boasts City skyline views from 2 levels.  Features of this home include Birch hardwood flooring, 9 foot ceilings, crown moldings, In-floor heat (lower), Central Air and Hunter Douglas blinds throughout.   Beautiful kitchen with Stainless Steel appliances, Island with eating bar, maple cabinetry, and a large walk in pantry.  Spacious eating area for entertaining. Living room is bright and features a free standing gas stove, small balcony and views of downtown.  The upper level offers a large Master that features full ensuite, walk in closet, vaulted ceilings and a fantastic view of downtown.  Complete the upper level with a spacious second bedroom and full bath.  Ground level features, laundry, a flex room (for office, exercise and or TV room) with French doors to your private fenced yard.  Don’t forget the attached garage. MLS C4075090

View Full Listing here

View our Video Tour

Contact us:

003_Open2view_ID6788-_93_20_St_NW 022_Open2view_ID6788-_93_20_St_NW

 

 

 

 

 

 

012_Open2view_ID6788-_93_20_St_NW

018_Open2view_ID6788-_93_20_St_NW

 

 

 

 

 

 

019_Open2view_ID6788-_93_20_St_NW

035_Open2view_ID6788-_93_20_St_NW

 

 

 

 

 

 

039_Open2view_ID6788-_93_20_St_NW

 

 

 

 

 

 

 

 

 

 

 

 

Tags:, ,
Posted in Blog, Listings, Northwest Condos | Comments Closed

Surprising Ways Buyers Find Homes

Tuesday, July 12th, 2016

Do you ever wonder how most people find the homes they eventually buy? You might imagine them driving by a “For Sale” sign or seeing a home for sale in the newspaper and then calling to enquire. Of course, many buyers find out about listed properties that way. But, according to research by the National Association of Realtors, there are many other — sometimes surprising — ways buyers find their next dream home.

For example:

• 88% of buyers find a home with the help of a real estate agent.

• 90% of buyers search online as part of the home buying process. (Such as viewing a property’s profile on the agent’s website.)

• 69% of buyers searching for a home using Google, use a specific local term, such as “Calgary – Northwest- homes for sale”.

• 29-46% of buyers attend an Open House as part of their home hunting activities.

Overall, the research shows that buyers are using a multitude of ways — combining online and offline methods — to find homes. What does all this mean to you? If means that if you’re preparing your home for sale, you need to ensure your marketing plan takes into account all the ways buyers are finding properties — so you can be sure that they will find yours.

Looking for a REALTOR® who knows how to market your home for maximum exposure? Contact us today.

Tags:
Posted in Articles, Blog, Home Sellers | Comments Closed

Buyers vs. Sellers Market—What is the Difference?

Wednesday, July 6th, 2016

There are many factors which affect the real estate market–interest rates, employment, investment growth, legislative changes and new construction, to name a few. All of these factors influence the real estate market in some way.

In a buyer’s market, there are more homes for sale than there are buyers. This could be a result of high unemployment, fear of interest rate increases or other factors which make people think twice about purchasing a home for the first time or moving up into a larger home. The advantage buyers have in a buyers’ market is that they can typically take their time and look at all of their options before buying. Overall, home prices may go down in a buyer’s market.

In a seller’s market, there are fewer homes for sale to a larger pool of buyers. The factors at work could be sustained low interest rates, high employment rate, legislative changes which make it easier to purchase a property–events and conditions that make buyers think it would be a good time to buy a big ticket item like a home.

The advantage goes to the seller in a seller’s market–typically home prices will rise as buyers are quick to make an offer to secure the property.

Tags:, ,
Posted in Articles, Blog, Education | Comments Closed

July1, 2016 Calgary Real Estate Market Snapshot

Tuesday, July 5th, 2016

Stay ahead of everyone else by following our Monthly Market Snapshot of the Calgary Real Estate Market. This shows what’s really happening! The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and most importantly the relationship between the two and how it affects the price of Calgary Real Estate.  A simple way to keep up to date with how the market is trending and ahead of most! All numbers are taken from the Calgary Real Estate Boards Stats package for Realtors. I have also included some general comments which are simply my opinion.

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market >4.0 Drives prices down
Balanced Market Between 2.8 to 4.0 Prices typically remain stable
Seller’s Market <2.8 Drives prices up

 

*** Absorption Rate***  

In my opinion this is the most critical number to look at.   All categories decreased this month meaning the market balance is continuing to shift.  As you can see the apartment condo market is still the slowest however shifted the most this month.

May 2016 June  2016 Change
Detached 2.48 2.28 -0.20
Semi Detached 2.88 2.88 -0.01
Attached – Row 4.04 3.90 -0.14
Apartment 5.85 4.96 -0.89
Total City 3.20 2.95 -0.25

 

Calgary Listing Inventory

June saw a slight decrease in inventory in all categories except Attached row homes (Townhouses) which increased by only 1 listing.

Inventory May 2016 June  2016 Change
Detached 3018 2923 -95
Semi Detached 548 532 -16
Attached – Row 974 975 1
Apartment 1608 1543 -65
Total City 6148 5973 -175

 

 

 

 

Calgary Sales:

Sales in all categories increased moderately again this month except for Semi-Detached homes which dropped by 5 sales and detached homes which increased by 65 or 5.34%.   This is very typical for a spring market and we will most likely start seeing a slight drop in sales numbers with summer holidays approaching.  It is important to note that Sales are still down from normal levels but the trend shows increases.

Calgary Sales   May 2016 June  2016 Change % Change
Detached 1217 1282 65 5.34%
Semi Detached 190 185 -5 -2.63%
Attached – Row 241 250 9 3.73%
Apartment 275 311 36 13.09%
Total City 1923 2028 105 5.46%

 

 

Calgary Real Estate Sales Prices: 

Pricing changes in June were minimal with Detached and Semi Detached increasing slightly and Attached- Row and Apartment decreasing slightly. This is very consistent with what the overall Absorption rate is telling us.  Expect further price declines in the Apartment condo sector.

  Sales Prices May  2016

Benchmark Price 

  June  2016

Benchmark Price

 Change
Detached 500500 502,400 1,900
Semi Detached 383100 385,600 2,500
Attached – Row 313200 310,800 -2,400
Apartment 278500 278,200 -300
Total City 439700 440,400 700

 

 

Sales Prices “Year to Date”   

Year to date prices

Sales Prices Dec 31, 2015   Benchmark Price  June  2016

Benchmark Price

 Change

$

% Change
Detached 514100 502,400 -11,700 -2.28%
Semi Detached 393100 385,600 -7,500 -1.91%
Attached – Row 318500 310,800 -7,700 -2.42%
Apartment 288,000 278,200 -9,800 -3.40%
Total City 452800 440,400 -12,400 -2.74%

 

 

Point of Interest

Just my personal opinion but it is important to note that buyers are still acting as if it is a buyer’s market. What I mean here is they are shopping carefully looking for value and taking their time to make decisions.

 

Price Sensitivity

It is also important to note that homes in the lower price ranges are still moving much quicker than homes in the higher price ranges.

**Please note that these numbers do change on a community basis and more so for towns.  This report does not include rural properties.  If you would like to find stats on your community just let me know.  If you have any questions about this summary or Real Estate questions please feel free to contact us.

Tags:, ,
Posted in Blog | Comments Closed