Archive for March, 2022

Stunning Acreage with Massive shop

Sunday, March 13th, 2022

Just listed this Stunning Hand Crafted 5055 Sq Ft log home.  Comes with a 3807 Sq Ft Shop

MLS Listing A1255606

Check out our video: https://youtu.be/BYTJ8WxsMTA

Full Details here:

Web Link:  https://www.tswrealestategroup.com/for-sale/52005-township-road-283-a–77911244

 

Stunning Hand Crafted Log Home

Beautiful new kitchen

3807 Square Ft Shop

Stunning large, handcrafted log home, triple garage for your vehicles and a 50 X 80 luxury shop for all your trucks, toys, and other needs. Situated on a private twenty-nine acres this property is partially treed and provides spectacular mountain views. Property is located just 28 minutes northwest of Cochrane. This amazing home boasts 5055 square feet of luscious space while the shop provides an addition 3807 square feet. This beautiful home is majestically placed on the hillcrest overlooking the valley with gorgeous mountain views from all angles. As you step into your home the large foyer will wow you with a view of the staircase with a wide-open ceiling. Stepping further in, the kitchen is fully renovated with custom built cabinets, hardwood and features a Jenn Air gas stove, stainless steel appliances and granite counter tops. With easy access to your dining room, it offers space for a large table for fabulous family gatherings all while gazing out windows on three sides to take in the breathtaking Alberta views. With large windows in both the living room and family room they are the perfect places to cozy up with a book and enjoy the rock surround fireplaces. The main floor also offers an office space/bedroom as well as a bath. Saunter up those stunning stairs to the second level that features maple hardwood, vaulted ceiling and six skylights providing tons of natural light. The primary bedroom is its own oasis with vaulted ceilings, a fireplace, walk in closet, six-piece ensuite with an updated custom-built vanity. This level also offers two additional bedrooms for your growing family, a sitting area for lounging and playing, a library, a spacious laundry room and a three-piece bath featuring a clawfoot tub. Above this level is a loft making a perfect space for an exercise room or office. Downstairs offers a unique setup with a partially finished walkout basement complete with an antique wood cooking stove, an airtight wood burning stove and a bath. This home offers several recent updates with a newer furnace, a new metal roof and an automatic backup natural gas generator to run the house and shop. Another recent addition is the high-end heated shop with four high doors, an extended concrete apron, with ample room for trucks, toys and all the accessories. This magnificent piece of land is partially treed and would be great for your horses. There is a fenced area and luscious green spaces for gardening and taking in all mother nature has to offer. Large Dog run. Once you turn the key to this regal home, you know you are stepping into your dream come true. Must be seen to be appreciated.

Calgary Real Estate Market Snapshot March 1, 2022

Tuesday, March 1st, 2022

What is really happening in the Calgary Real Estate Market?

Another month of record sales and sharp price increases!

Real Estate Prices Rising

Real Estate Prices Rising

 

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

Months of Inventory

This graph shows the one year trend of months of Inventory in all sectors of the Calgary Real Estate Market

 

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

2022 Highlights

  • All Sectors of the Calgary Real Estate Market are in a deep seller’s market position
  • Prices are going up, quickly
  • We are running extremely low on Inventory
  • Although new listings were 63% higher than last year total inventory only increased by 973.
  • All homes no matter what style are either going into multiple offers or are selling in a week.

 

Calgary Listing Inventory

Listing inventory Increased in all sectors by a total of 980 more listings at the end of February compared to the end of January.

 

Calgary Sales:

February sales are the highest on record for a February. Sales increased in all sectors anywhere from 49.25% to 65.94% increase over January sales.

 

Sales Compared to 2021:  This puts things into Perspective

Calgary home sales for February were 1474 higher than last February, an increase of 180.5%

 

  Jan Feb Mar Apr May June July
2021 1207 1831          
2022 2009 3305          
Change + 802 1474          
% Change + 66.4% +180.5%          

 

 

 Last years numbers 

  Aug Sept Oct Nov Dec Year to Date
2020 1574 1702 1763 1438 1199 16,149
2021 2151 2162 2186 2110 1737 27,686
Change +577 +456 + 423 +672 +538 11,537
% Change 136.6% 126.7% 123.9% 146.7% 144.9% 171.4%

 

 

Calgary Real Estate Benchmark Sales Prices:

The benchmark price for all sectors increased in February.

Detached home sector increased by $36,600 or 6.54%

Semi-detached increased by $21,500 or 4.89%

Attached Row increased by $15,500 or7.0%

Apartment Condos decreased by $5,900 or 7.65%

It is a long time since I have seen price changes so high in a month.

 

Calgary Real Estate Benchmark Year to Date Sales Price:  See chart below.

Same Stats below

 Current Months of Inventory (Absorption Rate): 

The Months of inventory decreased in all sectors except Detached homes this month which increased by only .11. As you can see in my chart above our months of inventory keeps decreasing in all sectors putting us into a deep seller’s market position.

 What might 2022 bring: (again just my opinion)

We are now very deep into a seller’s market. As inventory increases (which typically happens in Mar to may) I believe the market will softer but, in the meantime, I believe we will see more substantial price increases. Many people are asking me why this is all happening, and I have some thoughts:

  • Since 2015 sales have been low compared to the 10 year average so there is pent up demand
  • Alberta’s economy is showing signs of improvement
  • There are a huge number of people moving here from Vancouver and Ontario
  • There are now investors from Vancouver and Toronto buying up anything they can get their hands on.

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.

Calgary Housing Stats

These stats are taken from the Calgary Real Estate Boards Stats Package for March 1, 2022. You will see only the critical numbers of Inventory, Sales, Prices and months of Inventory.