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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.

Tags:C4257947, Condo for Sale Calgary, Just Listed, Just Listed Calgary, Low Condo Fees
Posted in Blog, Condos, Listings | Comments Closed

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.

Tags:Calgary Condo Prices, Calgary Home Prices, Calgary Housing market Snapshot, Calgary Real Estate Absorption Rate, Is this a good time to buy a home in Calgary
Posted in Blog, Market Snapshot | Comments Closed

Calgary Real Estate Market Snapshot: June 1, 2019

Tuesday, June 4th, 2019

What is really happening in the Calgary Real Estate Market?

If you are new to our Monthly Snapshot please scroll to bottom for explanation.

________________________________________________________________________

Current Report: June 1, 2019

Current Months of Inventory:

More good news for the Real Estate Market this month. All housing sectors decreased in the months of inventory with the highest decrease being in the Apartment Condo sector and a close 2^nd for Semi- Detached. Of Special note both Detached Homes and Semi-Detached homes moved into balanced market territory.

End of	April 2019	May 2019	Change
Detached	3.97	3.32	-0.65
Semi Detached	4.63	3.91	-0.72
Attached – Row	5.29	4.98	-0.31
Apartment	6.16	5.25	-0.91
Total City	4.57	3.89	-0.68

Calgary Listing Inventory

In May, our inventory rose in all categories which is very normal for this time of year.

Inventory (End of)	April 2019	May 2019	Change
Detached	3691	3921	230
Semi Detached	773	793	20
Attached – Row	1053	1100	47
Apartment	1546	1653	107
Total City	7063	7467	404

Calgary Sales:

Sales for May increased in all sectors compared to April. Sales increasing is again an expected change as we move into the spring market. The good news is that sales increases are outpacing listing inventory moving the entire market closer to balanced.

Calgary Sales	April 2019	May 2019	Change	% Change
Detached	930	1182	252	27.10%
Semi Detached	167	203	36	21.56%
Attached – Row	199	221	22	11.06%
Apartment	251	315	64	25.50%
Total City	1547	1921	374	24.18%

***Sales Compared to last year***

In April our sales showed an increase over last April which is the first time in a few years that this has happened. Hoping the trend continues.

	Jan	Feb	Mar	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
2018	102%	82%	72%	80%	82%	89%	95%	93%	85.9%	89.9%	83.0	78.6
2019	83.8%	89.6%	97.1%	102.2%	111.4

Calgary Real Estate Sales Prices:

May saw price increases in all sectors except Apartment Condos. Being that apartment condos have the highest months of inventory of all sectors, this is an expected result.

Sales Prices	Apr 2018 Benchmark Price	May 2019 Benchmark Price	Change
Detached	478,700	487,900	9,200
Semi Detached	395,300	397,700	2,400
Attached – Row	284,900	286,500	1,600
Apartment	250,400	248,200	-2,200
Total City	415,900	424,600	8,700

Sales Prices “Year to Date”

This is a positive month as the Detached sector moved into positive territory for the year, Semi-detached are almost break even while apartment Condos and Row Houses still have a ways to go.

Sales Prices	Jan 2019 Benchmark Price	May 31, 2019 Benchmark Price	Change $	% Change
Detached	481,400	487,900	6,500	1.35%
Semi Detached	397,500	397,700	200	0.05%
Attached – Row	288,400	286,500	-1,900	-0.66%
Apartment	251,500	248,200	-3,300	-1.31%
Total City	418,500	424,600	6,100	1.46%

Explanation of our Calgary Real Estate Market Snapshot.

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 to stay 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.

Months of Inventory: If we did not list any more homes this is how many months it would take to deplete inventory.

Months of Inventory/Absorption Rate – 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 2.4 to 4.0	Prices typically remain stable
Seller’s Market	<2.4	Drives prices up

Tags:Calgary Condo Prices, Calgary Home Prices, Calgary Housing market Snapshot, Calgary Real Estate Board Stats, Calgary Real Estate Market Snapshot, Market Snapshot
Posted in Blog, Market Snapshot | Comments Closed

Just Listed 312 Hampstead Way NW Calgary T3A 6E6

Friday, May 17th, 2019

Just listed this awesome home in the Hamptons.

MLS #C4274461

You Tube Video: https://youtu.be/0Tlcu_QWnzc

PRICE REDUCED on this Beautiful 2542 Sq. Ft. 4-bedroom home in a great location backing onto a south green space. Gleaming hardwood on main and upper floors. Upon entry you will be amazed with the grand entry, spiral staircase leading to your living room with open ceiling and large windows providing plenty of natural light. Main floor also boasts den-office, kitchen with a 3-sided fireplace, open to family room. Step onto the 12 x 19 deck with gorgeous open views of the green space making home perfect for entertaining. Yard extensively landscaped with retaining wall, Waterfall & Pond, and mature decorative trees. Upstairs you will find hardwood, 3 large bedrooms and the master featuring a 4- piece ensuite with corner jetted tub and a massive walk-in closet. Down is fully developed with 2 bedrooms and boasts in-floor heating and new carpet. Large Rec room with corner gas stone fireplace. Main, Upstairs and large down windows replaced in 2018. Oversized garage.

To View entire listing click here

Tags:312 Hampstead Way NW Calgary, Just listed Hamptons, MLS: C4245557, NW Calgary listing
Posted in Blog, Listings | Comments Closed

Calgary Real Estate Market Snapshot – May 1, 2019

Thursday, May 2nd, 2019

What is really happening in the Calgary Real Estate Market?

Current Months of Inventory:

Good news for the Calgary Real Estate Market. Three months in a row we have a trend with the months of inventory decreasing. April saw all sectors decrease with the largest decrease in Apartment Condos which decreased by 1.71 months. Detached and Attached-Row houses. Noteworthy is that Detached homes are nearing a balanced market again.

End of	Mar 2019	Apr 2019	Change
Detached	4.15	3.97	-0.18
Semi Detached	5.32	4.63	-0.69
Attached – Row	5.44	5.29	-0.15
Apartment	7.87	6.16	-1.71
Total City	4.96	4.57	-0.40

Calgary Listing Inventory

In April, our inventory increased in all categories except Semi-Detached which saw a small decrease. This increase is totally expected as we starting to enter the spring market. If the increase is balanced with an increase in sales the market will continue to get healthier.

Inventory (End of)	Mar 2019	Apr 2019	Change
Detached	3393	3691	298
Semi Detached	787	773	-14
Attached – Row	947	1053	106
Apartment	1488	1546	58
Total Calgary	6595	7063	468

Calgary Sales:

Sales for April increased in all sectors compared to March. Sales increasing is again an expected change as we move into the spring market. The good news is that sales increases are outpacing listing inventory moving the entire market closer to balanced.

Calgary Sales	Mar 2019	Apr 2019	Change	% Change
Detached	818	930	112	13.69%
Semi Detached	148	167	19	12.84%
Attached – Row	174	199	25	14.37%
Apartment	189	251	62	32.80%
Total City	1329	1547	218	16.40%

***Sales Compared to last year***

In April our sales showed an increase over last April which is the first time in a few years that this has happened. Hoping the trend continues.

	Jan	Feb	Mar	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
2018	102%	82%	72%	80%	82%	89%	95%	93%	85.9%	89.9%	83.0	78.6
2019	83.8%	89.6%	97.1%	102.2%

Calgary Real Estate Sales Prices:

April saw a small increase in prices in all sectors except for Apartment Condo’s which decreased by only $200.

Sales Prices	Mar 2018 Benchmark Price	Apr 2019 Benchmark Price	Change
Detached	475,800	478,700	2,900
Semi Detached	391,000	395,300	4,300
Attached – Row	284,900	284,900	0
Apartment	250,600	250,400	-200
Total City	413,900	415,900	2,000

Sales Prices “Year to Date”

Although prices are up a little in April, we have some catch up to do as the earlier months saw losses.

Sales Prices	Jan 2019 Benchmark Price	Apr 30, 2019 Benchmark Price	Change $	% Change
Detached	481,400	478,700	-2,700	-0.56%
Semi Detached	397,500	395,300	-2,200	-0.55%
Attached – Row	288,400	284,900	-3,500	-1.21%
Apartment	251,500	250,400	-1,100	-0.44%
Total City	418,500	415,900	-2,600	-0.62%

Explanation of our Calgary Real Estate Market Snapshot.

Months of Inventory: If we did not list any more homes this is how many months it would take to deplete inventory.

Months of Inventory/Absorption Rate – 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 2.4 to 4.0	Prices typically remain stable
Seller’s Market	<2.4	Drives prices up

Tags:Calgary Condo Market, Calgary Condo Prices, Calgary House Prices, Calgary Housing Market, calgaryrealestatemarketsnapshot, my home value
Posted in Blog, Market Snapshot, Property Values, Real Estate Board's Statistics | Comments Closed

Just Listed 4872 Vandoos Place NW Calgary

Friday, April 19th, 2019

Outstanding opportunity in Varsity Acres

View our video tour here

MLS C4240963 – See Full Details

Location! Location! Location! Bungalow situated on a quiet Cul-De-Sac with green space in front, a huge 762 sq. m. pie lot on one of the nicest streets in Varsity. Well-maintained home has good bones and offers an opportunity to get into highly sought-after Varsity. Features an L shaped LR/DR and a wood fireplace. Main offers the kitchen, large master bedroom with 2-piece ensuite & 2 additional bedrooms. Downstairs updated with flooring and large newer windows. Boasts a large Rec Room, bedroom with walk in closet, 3-piece bath, laundry area and storage room/workshop. Tons of room to play in your yard that features an oversized double garage (furnace as-is), RV parking pad, 2 sheds, firepit and a dog run. Updates to the home include a new hot water tank, furnace (2018), Central Air and updated electrical panel. Also includes Vacuum System, Water softener and a paved lane. Excellent quiet location with only an 13-minute walk to LRT and minutes to Market mall.

Tags:Just Listed, Just Listed Calgary, Just Listed Varsity, MLS C4240963, Renovation opportunity
Posted in Blog, Listings | Comments Closed

Just Listed 107 Shawglen Rise SW

Monday, April 15th, 2019

Just listed this fantastic starter home/investment property.

View You tube Video here

MLS # C4239095

More Details or Book a viewing here

Bright Bungalow located across from a large park and playground. Great Starter home or investment property. Living room features vaulted ceilings with lots of windows for natural light. Separate Dining room. Laminate flooring through living room, dining room and kitchen. 3 Bedrooms up with the master featuring a 2-piece ensuite. Functional kitchen with dining nook. Downstairs features a large open rec room, and bar area along with a 4^th bedroom with a large window, a 3-piece bath and loads of storage. Shingles replaced in 2013 and high efficiency furnace in 2012. As a bonus you get a large Sunroom. Rear yard features a maintenance free deck, along with room to park 4 vehicles or to add a garage in future. Back lane is paved. Location is fantastic with an 11-minute walk to LRT and less to shopping or movies.

Tags:Investment Property, just listed Shawnessy, MLS: C4239095, Starter home
Posted in Blog, Listings | Comments Closed

Calgary Real Estate Market Snapshot – April 1, 2019

Tuesday, April 2nd, 2019

What is really happening in the Calgary Real Estate Market?

If you are new to our Monthly Snapshot please scroll down for my explanation.

Current Report : April 1, 2019

Current Months of Inventory:

Good news for the Calgary Real Estate Market. Two months in a row we have a trend of the months of inventory decreasing. March saw all sectors decrease with the largest decrease in Semi-Detached and Attached-Row houses. Noteworthy is that Detached homes are nearing a balanced market again.

End of	Jan 2019	Feb 2019	Change
Detached	5.04	4.15	-0.89
Semi Detached	6.63	5.32	-1.31
Attached – Row	6.98	5.44	-1.54
Apartment	8.73	7.87	-0.86
Total City	6.03	4.96	-1.07

Calgary Listing Inventory

In March, our inventory increased in all categories. This increase is totally expected as we starting to enter the spring market. As long as the increase is balanced with an increase in sales the market will continue to get healthier.

Inventory (End of)	Jan 2019	Feb 2019	Change
Detached	2987	3393	406
Semi Detached	689	787	98
Attached – Row	908	947	39
Apartment	1301	1488	187
Total Calgary	5885	6595	710

Calgary Sales:

Sales for March increased in all sectors compared to February. Sales increasing is again an expected change as we move into the spring market. In my opinion the % increase is quite substantial with an overall increase over February of 36.2%.

Calgary Sales	Jan 2019	Feb 2019	Change	% Change
Detached	593	818	225	37.94%
Semi Detached	104	148	44	42.31%
Attached – Row	130	174	44	33.85%
Apartment	149	189	40	26.85%
Total City	976	1329	353	36.17%

***Sales Compared to last year***

In March our sales were 97.1% of last years sales so a decrease of 2.9%. I am also starting to see and hear from clients who are getting ready to take advantage of the low prices which may kickstart things a little. Of interest we are also starting to see competing offers again.

	Jan	Feb	Mar	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
2018	102%	82%	72%	80%	82%	89%	95%	93%	85.9%	89.9%	83.0	78.6
2019	83.8%	89.6%	97.1%

Calgary Real Estate Sales Prices:

March saw a small decrease in prices in Semi-Detached and Apartments while Detached and Attached Row houses showed slight increases in prices.

Sales Prices	Jan 2018 Benchmark Price	Feb 2019 Benchmark Price	Change
Detached	475,600	475,800	200
Semi Detached	392,500	391,000	-1,500
Attached – Row	284,600	284,900	300
Apartment	252,300	250,600	-1,700
Total City	414,400	413,900	-500

Sales Prices “Year to Date”

Sales Prices	Jan 2019 Benchmark Price	Feb 1, 2019 Benchmark Price	Change $	% Change
Detached	481,400	475,800	-5,600	-1.16%
Semi Detached	397,500	391,000	-6,500	-1.64%
Attached – Row	288,400	284,900	-3,500	-1.21%
Apartment	251,500	250,600	-900	-0.36%
Total City	418,500	413,900	-4,600	-1.10%

Explanation of our Calgary Real Estate Market Snapshot.

Months of Inventory: If we did not list any more homes this is how many months it would take to deplete inventory.

Months of Inventory/Absorption Rate – 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 2.4 to 4.0	Prices typically remain stable
Seller’s Market	<2.4	Drives prices up

**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 take into account 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.

Courtesy of TSW Real Estate Group

Gord Piper & Brent Wilcox

Tags:Calgary Condo Prices, Calgary Real Estate Market, Calgary Real Estate Market Trends, calgary real estate prices
Posted in Blog, Market Snapshot | Comments Closed

Variable Rate Mortgage Watch March 6, 2019

Friday, March 8th, 2019

No Change to Prime

The Bank of Canada is opting to hold off on further interest rate increases, at least for now.

While the Bank projected a temporary slowdown at the end of 2018 and into 2019, the slowdown has been much more pronounced than anticipated. According to the Bank, this is because–in addition to the fallout from last year’s drop in oil prices–Canada is also suffering from softer consumer spending, an under performing housing market, and lower-than-expected exports and business investment.

We’re not alone. Countries across the world are dealing with trade tensions, low economic confidence and slow economic activity. As a result, many central banks–including the Bank of Canada–are being forced to acknowledge that global economic growth and financial conditions are a little slower than previously predicted, and the future remains a little uncertain at the moment.

All that being said, core inflation measures remain close to the Bank’s 2% target, while CPI inflation eased to 1.4 per cent in January, but is expected to increase to slightly below the 2% target through most of 2019. With inflation in check, the Bank judges that, for now, the policy interest rate should stay below the neutral range. It will continue to monitor the data to determine the timing of future rate increases.

My advice is to stay with your current existing variable rate mortgage. However, if your existing variable rate discount is Prime less .75% or less, then please contact me for further discussions.

The date for the Bank of Canada’s next announcement is scheduled for April 24 2019.

This information was provided by one of our Preferred Suppliers – The Mortgage Doctor

To Contact Bob visit www.mortgagedoctors.ca

Tags:Prime Rate, Rate Watch
Posted in Blog, Mortgage News | Comments Closed

March 1, 2019 Calgary Real Estate Market Snapshot

Friday, March 1st, 2019

What is really happening in the Calgary Real Estate Market?

Months of Inventory: If we did not list any more homes this is how many months it would take to deplete inventory.

Months of Inventory/Absorption Rate – 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 2.4 to 4.0	Prices typically remain stable
Seller’s Market	<2.4	Drives prices up

Current Report: March 1, 2019

This graph shows the 2 year Trend of the number of months of inventory for a housing sectors.

Current Months of Inventory:

In February our months of inventory decreased in every housing sector in Calgary. Although we are certainly in a Buyer’s market this month all sectors moved toward a more balanced market which in my opinion is a great sign.

End of	Jan 2019	Feb 2019	Change
Detached	5.83	5.04	-0.79
Semi Detached	7.64	6.63	-1.01
Attached – Row	7.64	6.98	-0.65
Apartment	9.31	8.73	-0.58
Total City	6.81	6.03	-0.78

Calgary Listing Inventory

In February our months of inventory increased in all categories. This increase is totally expected as we move further away from the holiday season.

Inventory (End of)	Jan 2019	Feb 2019	Change
Detached	2834	2987	153
Semi Detached	649	689	40
Attached – Row	817	908	91
Apartment	1173	1301	128
Total Calgary	5473	5885	412

Calgary Sales:

Sales for February increased in all sectors compared to January. Although the increase was not substantial it is good to see a change of direction.

Calgary Sales	Jan 2019	Feb 2019	Change	% Change
Detached	486	593	107	22.02%
Semi Detached	85	104	19	22.35%
Attached – Row	107	130	23	21.50%
Apartment	126	149	23	18.25%
Total City	804	976	172	21.39%

***Sales Compared to last year***

In Feb our sales were 89.6% of last years sales so a decrease of 10.4%. This trend in my opinion is expected to continue until our economy and consumer confidence change direction. I am also starting to see and hear from clients who are getting ready to take advantage of the low prices which may kickstart things a little.

	Jan	Feb	Mar	Apr	May	June	July	Aug	Sept	Oct	Nov	Dec
2018	102%	82%	72%	80%	82%	89%	95%	93%	85.9%	89.9%	83.0	78.6
2019	83.8%	89.6%

Calgary Real Estate Sales Prices:

February saw a very small decrease in prices in detached and Semi-Detached homes. Attached (Row) houses and Apartment condos showed a slight gain. Based on our absorption rate (months of inventory) we can expect prices to continue to trend downward.

Sales Prices	Jan 2018 Benchmark Price	Feb 2019 Benchmark Price	Change
Detached	476,500	475,600	-900
Semi Detached	393,100	392,500	-600
Attached – Row	284,300	284,600	300
Apartment	251,300	252,300	1,000
Total City	414,800	414,400	-400

Sales Prices “Year to Date”

Sales Prices	Jan 2019 Benchmark Price	Feb 1, 2019 Benchmark Price	Change $	% Change
Detached	481,400	475,600	-5,800	-1.20%
Semi Detached	397,500	392,500	-5,000	-1.26%
Attached – Row	288,400	284,600	-3,800	-1.32%
Apartment	251,500	252,300	800	0.32%
Total City	418,500	414,400	-4,100	-0.98%

Tags:Calgary Condo Prices, Calgary Home Prices, Calgary Housing Market, What is really happening in the Calgary Real Estate Market
Posted in Blog, calgary realtor, Home Sellers, Real Estate Board's Statistics | Comments Closed

The Gord Piper & Associates Real Estate Blog

Archive for the ‘Blog’ Category

Just Listed 1, 7 Blackthorn Bay NE Calgary

Calgary Real Estate Market Snapshot July 1, 2019

Calgary Real Estate Market Snapshot: June 1, 2019

Current Report: June 1, 2019

Just Listed 312 Hampstead Way NW Calgary T3A 6E6

Calgary Real Estate Market Snapshot – May 1, 2019

Just Listed 4872 Vandoos Place NW Calgary

Just Listed 107 Shawglen Rise SW

Calgary Real Estate Market Snapshot – April 1, 2019

Variable Rate Mortgage Watch March 6, 2019

March 1, 2019 Calgary Real Estate Market Snapshot

Current Report: March 1, 2019

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