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Does your home match the lifestyle you desire?

Tuesday, August 14th, 2018

Subtle Signs it May Be Time to Sell  Sometimes the reason for putting your home on the market is crystal clear. For example, you might have a job relocation and need to move. Or, you might have decided to downsize because the kids have left the nest. However, there are many other motivations to list your home that are not as obvious, and yet are still good reasons to make a move. Here are just a few examples…

  • You’re bored with your home and are looking for a change
  • There’s something you’ve always wanted in a home that your current property doesn’t have, such as a wooded backyard.
  • You want to be closer to work, or to activities you enjoy, such as golf.
  • There’s another neighborhood you’ve always dreamed of living in.
  • Your tastes have changed and you want to live in a different type of home.

None of these reasons makes it an absolute necessity to list your property and find a new home. Yet, they’re all worth considering, especially if moving will make you and your family happier, and provide you with a more desirable lifestyle. Want to talk about the possibilities?

Call today.

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Using Neighbourhood Data to Help Sell Your Home

Sunday, August 12th, 2018

Your neighborhood has a lot of features that can help sell your home faster. Unfortunately, buyers don’t usually notice those features just by driving around. So, you need to make sure they get all the information they need about your neighborhood. For example, say homes don’t go on the market often in your area. That’s an indication that the quality of life in the neighborhood is so good that no one wants to leave! In real estate we measure the area’s “turnover rate”, and it’s handy data to have when listing your home.

Another bit of data that buyers can’t simply see is the local crime rate. But, most police departments keep those statistics. If your neighborhood has a low crime rate, that’s an obvious plus to sellers.

Demographic data can also be helpful when selling your property. If your neighborhood has a lot of families, for example, that’s going to be appealing to buyers with kids. Even local development plans can play a role in making your home more attractive to buyers. If a new ramp to a major highway is in the works nearby, getting to work is going to be easier. That’s a big benefit to commuters.

Other types of data that can help sell your home include:

• Planned local construction

• Proposals for neighborhood improvements. (For example, a new playground.)

• Rates at which local property values are increasing. Any information that shows the advantages of living in your area is going to be useful when selling.

By the way, this is the kind of information I put together to provide to prospective buyers when selling your home. Contact me today.

 

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Calgary Real Estate Market Snapshot – Aug 1, 2018

Thursday, August 2nd, 2018

What is really happening in the Calgary Real Estate Market?

What is really happening in the Calgary Real Estate Market?

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/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

 

Watch the Trend

On the above graph it is important to see the trends – As you can see the apartment condo absorption rate is has been trending down however in July it reversed and when back up.

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

In July the months of inventory increased in every Category.  If you have been following my monthly snapshot you will notice that most months when this changes it changes only a little where this month the numbers have increased substantially. This change puts us deep into a Buyer’s market in every category.

 

End of June 2018    July 2018    Change
Detached 3.98 4.72 0.74
Semi Detached 5.04 6.07 1.04
Attached – Row 5.73 6.78 1.05
Apartment 6.41 7.01 0.60
Total City 4.65 5.46 0.81

  

Calgary Listing Inventory

In July, our inventory decreased increased in all sectors and overall. This is totally normal at this time of year and we should expect this trend to continue for the rest of the year.

 

Inventory June 2018    July 2018    Change
 Detached 4817 4578 -239
Semi Detached 922 911 -11
Attached – Row 1209 1187 -22
Apartment 1872 1774 -98
Total Calgary 8820 8450 -370

Calgary Sales:

Sales were down in all categories and again this is normal for July as this is moving out of our busy season when people are focused on vacations and outdoor activities.

Sales Compared to last year: Of interest if we compare to last year Sales in June we were 11.3% down from last year while July we were down only 4.8% from last year – a big improvement.

 

Calgary Sales  June 2018    July 2018    Change % Change
Detached 1210 969 -241 -19.92%
Semi Detached 183 150 -33 -18.03%
Attached – Row 211 175 -36 -17.06%
Apartment 292 253 -39 -13.36%
Total City 1896 1547 -349 -18.41%

  

Calgary Real Estate Sales Prices:

As we are now in a buyer market we should expect prices to decline slightly which is what happened except in the Apartment Condo sector where prices increased slightly.

 

  Sales Prices June 2018   Benchmark Price   July 2018   Benchmark Price Change
Detached 503,100 501,300 -1,800
Semi Detached 418,000 416,200 -1,800
Attached – Row 302,300 300,300 -2,000
Apartment 259,100 259,700 600
Total City 436,500 435,200 -1,300

  

Sales Prices “Year to Date”  

Same as monthly number

Sales Prices Jan 1, 2018    Benchmark Price  July 2018   Benchmark Price Change

$

% Change
Detached 499,600 501,300 1,700 0.34%
Semi Detached 416,600 416,200 -400 -0.10%
Attached – Row 299,500 300,300 800 0.27%
Apartment 257,700 259,700 2,000 0.78%
Total City 433,200 435,200 2,000 0.46%

  

**Please note that these numbers include only Calgary homes and 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 about Real Estate in general, please feel free to contact us.

 

 

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Calgary Real Estate Market Snapshot

Tuesday, July 3rd, 2018

What is really happening in the Calgary Real Estate Market?

Calgary Real Estate Absorption Rate

Calgary Real Estate Absorption Rate

Calgary Real Estate Absorption Rate

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.

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 2.4 to 4.0 Prices typically remain stable
Seller’s Market <2.4 Drives prices up

 

Watch the Trend

On the above graph it is important to see the trends – Especially the apartment condo absorption rate- it  is trending downward and is closing the gap with the rest of the sectors.

 Current Absorption Rate

The absorption rate for all categories except Attached-Row houses declined this month which in my opinion is a good thing as it shows a little more balance in the market.

End of May 2018    June 2018    Change
Detached 4.26 3.98 -0.28
Semi Detached 5.53 5.04 -0.49
Attached – Row 5.06 5.73 0.67
Apartment 6.81 6.41 -0.40
Total City 4.90 4.65 -0.24

  

Calgary Listing Inventory

In June, our inventory increased in all sectors except apartment condos.  This is totally expected at this time of year.  July should be an interesting month as the typical July will see listings drop off.   The decrease in apartment condos I would contribute to listings expiring as sales were flat.

 

Inventory May 2018    June 2018    Change
  Detached 4504 4817 313
Semi Detached 862 922 60
Attached – Row 1163 1209 46
Apartment 1921 1872 -49
Total City 8450 8820 370

 

Calgary Sales:

Sales were again up in all categories except for Attached Row houses which were down only 19 from May. The percentage looks big at 8.26 due to small numbers in this sector.

Sales for June were 11% down from last year but this is again an improvement as May sales were down 18.4% from last year.

Calgary Sales  May 2018    June 2018    Change % Change
Detached 1058 1210 152 14.37%
Semi Detached 156 183 27 17.31%
Attached – Row 230 211 -19 -8.26%
Apartment 282 292 10 3.55%
Total City 1726 1896 170 9.85%

 

 Calgary Real Estate Sales Prices:

This one has me stumped.  In theory the sector with the highest absorption rate should have the biggest decline in price.  The opposite took place in June with every sector dropping a little except Apartment Condos which increased in price.

  Sales Prices May 2018   Benchmark Price   June 2018   Benchmark Price Change
Detached 504,500 503,100 -1,400
Semi Detached 419,000 418,000 -1,000
Attached – Row 303,200 302,300 -900
Apartment 256,200 259,100 2,900
Total City 436,900 436,500 -400

  

Sales Prices “Year to Date”  

Same as monthly number

Sales Prices Jan 1, 2018    Benchmark Price  June 2018   Benchmark Price Change

$

% Change
Detached 499,600 503,100 3,500 0.70%
Semi Detached 416,600 418,000 1,400 0.34%
Attached – Row 299,500 302,300 2,800 0.93%
Apartment 257,700 259,100 1,400 0.54%
Total City 433,200 436,500 3,300 0.76%

  

**Please note that these numbers include only Calgary homes and 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 about Real Estate in general, please feel free to contact us.

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Just Listed 119 78 Avenue NE Calgary

Thursday, June 7th, 2018

Excellent opportunity to gain some sweat equity, flip a home or have a rental.

C4189464 : 4 Level Split in Huntington Hills for only $350,000

Open House Saturday June 9, 2018 from 2pm to 5pm

Open House Sunday June 10 from 1 pm to 4 pm

Looking for a renovation project, look no more. Fantastic 4 Bedroom, 4 level Split in a great location in Huntington Hills. This home provides good bones but is just dated and provides a great opportunity to get into Huntington Hillls at a great price point. Living room features vaulted ceilings, kitchen is spacious, updated and offers a large dining area. Upper level provides 2 spacious bedrooms and a full bath. Third level provides another 2 bedrooms and full bath.  Forth level is developed with a Rec room with awesome stone fireplace, and the utility room. Enjoy your large backyard and your oversized (23×25) double garage. All this and located close to public transit, schools, shopping nearby and easy access to Deerfoot trail. Shingles replaced aprox 2003. Some windows have been replaced.

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Calgary Real Estate Market -June 1, 2018

Saturday, June 2nd, 2018

What is really happening in the Calgary Real Estate Market? 

What is really happening in the Calgary Real estate Market

What is really happening in the Calgary Real estate Market

What is really happening in the Calgary Real Estate Market?

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.

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 2.4 to 4.0 Prices typically remain stable
Seller’s Market <2.4 Drives prices up

 

Current Absorption Rate

No major fluctuations here this month.  Detached homes went up a little while all other categories went down between .25 and .54

End of Apr 2018    May 2018    Change
Detached 4.01 4.26 0.25
Semi Detached 6.00 5.53 -0.47
Attached – Row 5.60 5.06 -0.54
Apartment 7.06 6.81 -0.25
Total City 4.82 4.90 0.07

 

 Calgary Listing Inventory

In April, our inventory increased in all Sectors. This is totally expected at this time of year and we should expect this trend to continue for another month anyways.

Inventory Apr 2018    May 2018    Change
Detached 3642 4504 862
Semi Detached 756 862 106
Attached – Row 1075 1163 88
Apartment 1851 1921 70
Total City 7324 8450 1126

 

Calgary Sales:

The good news is that sales are up from last month in all categories.  Looking at the bigger picture we are still substantially down from last year’s  sales.  May showed 18.4% less sales than May 2017.   This however is an improvement as April sales were down 20.3% from last April.

Calgary Sales  Apr 2018    May 2018    Change % Change
Detached 908 1058 150 16.52%
Semi Detached 126 156 30 23.81%
Attached – Row 192 230 38 19.79%
Apartment 262 282 20 7.63%
Total City 1518 1726 208 13.70%

  

Calgary Real Estate Sales Prices:

Prices in April showed very little change.  Attached-Row houses showed the largest gain of $3,200. while Semi-Detached homes showed the largest decrease of $1,000.

  Sales Prices Apr 2018   Benchmark Price   May 2018   Benchmark Price Change
Detached 504,500 504,500 0
Semi Detached 420,000 419,000 -1,000
Attached – Row 300,000 303,200 3,200
Apartment 256,700 256,200 -500
Total City 436,500 436,900 400

  

Sales Prices “Year to Date”  

Same as monthly number

Sales Prices Jan 1, 2018    Benchmark Price  May 2018   Benchmark Price Change

$

% Change
Detached 499,600 504,500 4,900 0.98%
Semi Detached 416,600 419,000 2,400 0.58%
Attached – Row 299,500 303,200 3,700 1.24%
Apartment 257,700 256,200 -1,500 -0.58%
Total City 433,200 436,900 3,700 0.85%

 

 

**Please note that these numbers include only Calgary homes and 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 about Real Estate in general, please feel free to contact us.

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Just Listed: 3220 Boulton Road NW

Thursday, May 10th, 2018

Check out this great buy in Brentwood.

C4183932

For further info contact Gord at 403-861-2256 or click here 

Looking for a renovation project, look no more.  Fantastic Bungalow in an excellent location in Brentwood. This home provides good bones but is a dated and provides a great opportunity to get into Brentwood at a great price point. Living room features Hardwood flooring, kitchen is functional and spacious. Complete the main floor with 3 bedrooms and the main bath.  Lower level provides a family room with gas fireplace (currently being used as a bedroom), a bedroom and a 3 piece bath.   Furnace was replaced in aprox 2003.  Great for toy lovers with the 24 x 24 garage, and a covered carport and RV Parking.  Location is superb being minutes away from Brentwood Co-op, Brentwood Mall,  Brentwood LRT and the University of Calgary.

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Just Listed 2 Culver Road NW

Thursday, May 10th, 2018

Just listed this Semi-Detached home in Collingwood.

MLS: C4183786

Check out the video here

A rare opportunity to live in the desired community of Collingwood.  Semi-Detached home with over 1650 Sq ft of developed space features many renovations and a 24ft x 24ft double garage.  Upon entry you will appreciate the refinished hardwood floors, and the open concept.  Kitchen is open to living room and features large pantry, newer backsplash, fridge and stove.  Complete the main floor with 2 spacious bedrooms and the main bath.   A separate back door leads to the illegal lower nanny suite.  Features a large living room, 2 bedrooms, and a small summer kitchen along with laundry facilities.  Enjoy your morning coffee on your deck with an almost maintenance free yard.  In addition to the 24×24 garage you will find an extra parking stall.  Furnace replaced in 2010, House shingles in aprox 2006.  Includes Nest Thermostat.  This inner-City location is ideal and is close to U of C, SAIT, transit, shopping, schools and parks.

For more information or to view please contact us.

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Just Listed, 401, 4 Hemlock Cres SW

Thursday, May 3rd, 2018

Exceptional Value in Spruce Cliff  now for sale at only $304,900

MLS Listing C4182314

Check out our Video tour here 

Stunning Condo for sale in a great location

Stunning, Top floor, Open concept upgraded unit with 10 foot ceilings & 2 Balconies.  Large south windows provide loads of natural light.  Relax in your living room where you can cozy up to the corner fireplace on those cooler nights.  Maple kitchen features Stainless Steel appliances, pantry, raised breakfast bar, garburator and under counter lights.  Dining room has door to your covered balcony.   Master bedroom features a four piece ensuite with soaker tub and separate shower, a walk in closet and provides access to the second balcony.   Complete the package with in suite laundry/storage room and the guest bath.   Enjoy your morning coffee on the large south facing wrap around deck with 2 entry doors.  Titled underground parking, and a separate storage locker.  Pet Friendly complex provides bike storage, recreation/games room with many organized activities , gym and car wash.  Location is ideal as it’s close to Downtown, LRT, Golf, Shopping, Schools, Restaurants and Parks.

Contact us for more information

 

 

 

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Calgary Real Estate Market Snapshot- May 1, 2018

Wednesday, May 2nd, 2018

What is really happening in the Calgary Real Estate Market?

 

 

Months of housing inventory for last 2 years.

 

What is really happening in the Calgary Real Estate Market?

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.

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 2.4 to 4.0 Prices typically remain stable
Seller’s Market <2.4 Drives prices up

 

April end  Absorption Rate

For the month of April we had some larger changes here.  Semi-Detached increased by 1.3, Detached increased by .4, while apartment condos decreased by .65 which has been drastically needed.  In my opinion we can be thankful that our inventory to sales is staying somewhat balanced considering the lull in sales.

End of Mar 2018    Apr 2018    Change
Detached 3.61 4.01 0.40
Semi Detached 4.70 6.00 1.30
Attached – Row 5.77 5.60 -0.17
Apartment 7.72 7.06 -0.65
Total City 4.64 4.82 0.19

  

Calgary Listing Inventory

In April, our inventory increased in all Sectors. This is totally expected at this time of year.  This trend is anticipated until the end of June as more people list their homes in Spring.

Inventory Mar 2018    Apr 2018    Change
Detached 3063 3642 579
Semi Detached 677 756 79
Attached – Row 941 1075 134
Apartment 1690 1851 161
Total City 6371 7324 953

 

Calgary Sales:

While our monthly numbers are trending upwards in all categories except Semi-detached these stats don’t show the comparison to last year.  Compared to last year Jan to April end we are down in Sales by 19.6%

As pointed out last month this can be due to a number of factors including but not limited to:

  • Weather
  • Mortgage rules changes from Jan 1
  • Calgary’s economy
  • Consumer lack of confidence.

 

Calgary Sales  Mar 2018    Apr 2018    Change % Change
Detached 848 908 60 7.08%
Semi Detached 144 126 -18 -12.50%
Attached – Row 163 192 29 17.79%
Apartment 219 262 43 19.63%
Total City 1374 1518 144 10.48%

  

Calgary Real Estate Sales Prices:

Prices in April showed very little change for all categories.  All categories increased with the exception of Apartment Condos and based on the absorption rate this will continue for some time.

  Sales Prices Mar 2018    Benchmark Price   Apr 2018   Benchmark Price Change
Detached 503,800 504,500 700
Semi Detached 418,800 420,000 1,200
Attached – Row 297,600 300,000 2,400
Apartment 257,100 256,700 -400
Total City 435,600 436,500 900

  

Sales Prices “Year to Date”  

Sales Prices Jan 1, 2018    Benchmark Price  Apr 2018   Benchmark Price Change

$

% Change
Detached 499,600 504,500 4,900 0.98%
Semi Detached 416,600 420,000 3,400 0.82%
Attached – Row 299,500 300,000 500 0.17%
Apartment 257,700 256,700 -1,000 -0.39%
Total City 433,200 436,500 3,300 0.76%

  

**Please note that these numbers include only Calgary homes and 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 or if you have any questions about this summary or about Real Estate in general, please feel free to contact us.

 

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Posted in Blog, Property Values, Real Estate Board's Statistics | Comments Closed

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