Archive for July, 2019

Just Listed 1, 7 Blackthorn Bay NE Calgary

Thursday, July 11th, 2019

We are proud to present this fully renovated townhouse in Thorncliffe.

List Price Only $230,000

C4257947

View You Tube video at  https://youtu.be/RLEg9EYeen8

 

Pet friendly, fully Renovated, 3-bedroom, 1081 Sq. Ft.  Townhouse in Thorncliffe.   Upon entry this townhouse will amaze you.  New renovations include the Kitchen with new custom cabinets, quartz countertops and Stainless-Steel appliances. Both Bathrooms have been redone from top to bottom.  In the last several years the following were replaced:  Windows, hardwood flooring in living room and kitchen, furnace, fence and porch with Trex composite decking.  Upstairs features 3 good sized bedrooms and the main bath.  Downstairs is awaiting your finishing touches. Yard is fully fenced allowing room for your pet to roam.  Location is great as it allows easy access to Deerfoot and a quick commute to Downtown and is only a 2 min walk to the Thorncliffe Off Leash dog park. Close to Transit, Schools and plenty of shopping.   Condo fees are only $80.00 month.

Calgary Real Estate Market Snapshot July 1, 2019

Tuesday, July 2nd, 2019

What is really happening in the Calgary Real Estate Market?

Lets look at the number of months of Inventory AKA Absorption Rate

 

 

 Current Report: July 1, 2019

 A slightly new format this month and moving forward due to technology challenges with reading the graphs on a cell phone.  This should help.  New format shows all numbers first and then my comments.

 

Current Months of Inventory: 

Through June our Months of Inventory increased in all categories except Attached Row houses.   The only Substantial increase is in Apartment Condos which increased by 1.58, Attached Row decreased by .38

Interesting to note that Detached Homes and Semi- Detached homes are trending in a Balanced Market.  Attached Row Houses is in a buyer’s Market and Apartment Condos are still very much in a buyer’s market.

Calgary Listing Inventory

In June, our inventory rose in all Detached homes and Apartment Condos and we saw decreases in Semi Detached and Attached Row Houses.  Overall increase was just 74 listings so not substantial.

 Calgary Sales:

Sales for June decreased in all categories except Attached Row which increased only marginally.

The largest decrease was in the Apartment condo sector which decreased by 16.83%.  Overall sales decreased by 7.34% for the month.

 Sales Compared to 2018: 

In May we were 11.4% above last May’s sales.  In June we are 6.1% down from last year so things seem to be settling out a bit.

 Calgary Real Estate Sales Prices:

June saw price increases in Detached and Semi Detached and we saw decreases in Attached Row houses and Apartment Condos.  Note the price increases in the detached sector is being driven by homes under $500,000.  Which are moving very quickly.

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

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