Archive for May, 2021

Just Listed – 234 Edgedale Gardens NW Calgary

Thursday, May 20th, 2021

Just listed a beautiful Townhouse in Edgemont.

MLS: A1110344

See full listing here: https://www.tswrealestategroup.com/for-sale/234-edgedale-gardens-nw–63381765

 

Welcome to Edgedale Gardens, a hidden gem in Edgemont. Beautiful, substantially updated 2 Storey Townhouse with 1408 sq ft. features a fully developed basement and a double attached garage. This unique open layout has character and offers high vaulted ceilings, hardwood floors, and fresh paint throughout the main floor. Home shows 10/10 and is move-in-ready.  The living room features vaulted ceilings creating an open feeling, large south-facing windows providing plenty of natural light, a wood-burning fireplace, and an elegant built-in wall unit with hardwired 5.1 surround sound and Ethernet.  The spacious kitchen is open to the Dining room and was updated a few years back with new cabinets, granite countertops, backsplash, lighting, and new appliances. Complete the main floor with an updated 2-piece powder room. Upstairs features a loft hallway that overlooks the living and dining room spaces.  The spacious Primary Bedroom features a spa-like updated 4-piece ensuite and a walk-in closet.  Complete the upstairs with 2 additional spacious bedrooms and the main updated bathroom.   Downstairs is one large recreation room that is currently divided into a family gathering room, exercise room, and an office. Plenty of space to create your own comfort. Complete the basement with a separate laundry room. The basement is also hardwired for 7.1 Surround and Ethernet.   Enjoy your south-facing deck with lots of trees for privacy. Home is in the desired community of Edgemont and is close to paths, Nose Hill Park, schools, superstore, and shopping.  Just a short drive to Dalhousie LRT, U of C, Foothills Medical Centre, and the Alberta Children’s Hospital. The complex is pet-friendly.

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Just Listed 31 Somerset Drive SW

Saturday, May 15th, 2021

Just Listed 

Check out this 1351 Sq Ft Bungalow that is located across from a park in Somerset.

MLS:  A1108070

Video Tour:  https://youtu.be/waVhITI4VW4

Price: $440,000

Full listing details:  https://www.tswrealestategroup.com/for-sale/31-somerset-drive-sw–63279744

Bright freshly painted bungalow situated on a corner lot across the street from Somerset Park. This 1351 sq Foot Bungalow has been substantially renovated and feature’s hardwood floors and soaring vaulted ceilings throughout.  The kitchen features views of the park, a  pantry, and has been updated with quartz countertops,   and new  Stainless-Steel appliances. Enter the living room – dining room and you will love the vaulted ceilings, on cooler nights relax by the fireplace.   On warmer days soak up the sun on your massive southwest-facing deck (15’ x 11’) where you have fantastic views of the park.   The primary bedroom features double closets and a newly renovated 5-piece ensuite. Complete the main floor with a second bedroom, main floor laundry, and the newly renovated main bath.  Downstairs is untouched and awaits your personal touches and has roughed in plumbing for a bathroom. Also features a double attached garage and vacuum system. Outstanding location across the street from the park, 3 minutes to the LRT, close to Daycare,  Shopping center, Walmart, and only a few minutes to Fish Creek Park.

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Coming Soon Listings

Tuesday, May 4th, 2021

Should you use coming soon to market your listing? 

Here is what you need to know!

Now that Calgary has moved into a very strong Sellers’ market we are seeing “Coming Soon” listings everywhere. A coming soon listing advertises your listing prior to it going live on the MLS System for the public to view.

Here is my opinion on Coming Soon Listings.

From a Sellers Perspective:  

As a Seller, you want to maximize the exposure to your listing so coming soon is certainly a smart way to do that,  but hold on.  What I am seeing in the marketplace is coming soon listings are being marketed with a sign on your lawn, on Social Media, and most importantly through interoffice communication.  Here is where the problem starts.  Most activity is being created through internal office communication.  The buyer’s Realtor always wants to get in before the general public and so a showing is arranged, often that buyer writes a strong offer and the Seller accepts the offer as it’s a quick sale.  So, looking at this process, how much exposure did this listing get – 1 showing, yes almost no exposure.  Will the seller get top dollar using this strategy – most likely not.

Using Coming Soon to your advantage:  Again in my opinion using “Coming Soon” is a fantastic marketing tool and should be used.  It should be used to attract attention and get people excited about viewing your home.  The key to doing this effectively is to collect names of people interested and let them know the minute it goes on the market, while still giving the general public the opportunity to view your home before you accept any offers.  This will maximize the exposure to your listing and get you top dollar for your home.

A Buyer’s Perspective:  If you are buying a home then use the “Coming Soon” listings to your advantage, if you can get in before everyone else you will not only get your home but you may not have to compete with several other buyers. A word of caution,  make sure your Realtor does a comparative market analysis on the property so you don’t get too excited about a home that is substantially overpriced.

If you are considering Selling, reach out to us for a free consultation

 

 

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April 2021 Calgary Real Estate Market Snapshot.

Monday, May 3rd, 2021

What is really happening in the Calgary Real Estate Market? 

The market is a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you an indication of where things are really heading.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

Gord’s commentary for the month (just my opinion).

 

Wow, another huge month for Real Estate in Calgary. In addition to Detached homes being in a seller’s market position, Semi-Detached and Attached Rowhouses have joined that category leaving only Apartment condos in the balanced market territory.

 

Calgary Listing Inventory

In April we saw the inventory for homes in all sectors increase by approx. 12%

The number of new listings in April was 4670 compared to 4441 for March so a 5% increase.

It seems that most of the new listings are still immediately turning in sales.

 

Calgary Sales:

Calgary Sales are soaring.  Detached homes and Semi-Detached homes hit a record high in April.

Every category increased between 9.65%-14.3% over last month.  The only thing holding our sales from going higher seems to be the low inventory.

 

Sales Compared to 2020:

Normally this is a good category to watch however we are now comparing sales this year to when we were

in a collapsed market due to Covid and the First Shutdown.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2020 861 1190 1175 573 1080 1747 1835 80 1702 1764 1437 1199
2021 1208 1836 2903 3209                
Change +347 +646 +1729 +2639                
% change +7.49 +54.4 247% +562%                

  

Calgary Real Estate Benchmark Sales Prices:

Overall, the Benchmark Price for all sectors increased by $9,500.  The smallest increase was in the Apartment condo sector at $1,900 and the largest increase was in the detached home sector which increased by $12,800.  All other sectors were in between.  Interesting how the sectors with the lowest months of inventory are showing the highest price increases.  Truly supply and demand in at play here.

 

Current Months of Inventory (Absorption Rate): 

There was very little change in the Months of Inventory during April.   Detached and Semi-Detached decreased by .07 and .14 respectively.  Attached Row and Apartment Condos increased by .06 and .27 respectively.  With the months of Inventory where they are, I can only predict that prices will continue to increase with possibly the exception of Apartment Condos.

 

It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community, or more specific numbers for your home please contact us.

Below is a summary of numbers in chart form.  All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

Stats Photo

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