Archive for the ‘Blog’ Category

Killarney-Glengarry

Tuesday, June 2nd, 2015

Killarney

Killarney-Glengarry: NW Calgary Real Estate

Calgary has many great communities and some of them have really been going through some huge changes in the last few years. One of those communities is Killarney-Glengarry. This is a 1.8 sq/km inner- city community that runs from 17th Ave in the north to Richmond Rd in the south, and from 37th St in the west to 25a St in the east.

It was named after Killarney (in Ireland) and Glengarry (in Scotland) to help give Calgary’s new settlers a sense of home.

The first plan for the suburb was registered in 1906 and the land was formally annexed in 1910 with single–storey clapboard housing being built.

The majority of building in Killarney-Glengarry took place after WWII when soldiers returned from the war. Property lots were sold to these soldiers for just $25 to help them settle down, rebuild their lives and raise their families.

Construction back then consisted mainly of stucco and clapboard bungalows on the 25ft or 50ft lots, but since 2002, many of these structures have been replaced with infill housing. Killarney-Glengarry is now known for its urban forest of mature trees and close links to downtown – aided by the new West LRT line. It is an area that is growing and changing as it attracts developers marketing homes to young families who want to be close to down town but with the amenities of a suburb.

Our favorite part of this community is how involved their community association is, you can follow them through all the normal social media channels and they will regularly ask for input from community members for their projects. They are currently working towards a community piazza area on the corner of 33rd ST and 26th AVE as well as developing a new playground that will be accessible to all. They organize a community garden every year as well as organizing clean ups, garage sales and other community geared events.

If you are looking for newer homes, a tight knit community and a great central location in the city, you really can’t go wrong with Killarney-Glengarry. We happen to have one of these homes for sale in the area, and it’s a great example of some of the unique features you can get with a newer home built in an older community. Check out our video walk through below.

The Athlone

Thursday, May 28th, 2015

It should cThe athlonome as no surprise that we love real estate, but we also love the history of real estate, especially in a city as diverse as Calgary! We recently sold a condo in this beautiful building and couldn’t help but take a peek into it’s past. The Athlone is a building located in Mission, and was built in 1940. Originally the land was occupied by Castel Aux Pres, home to Judge and Lady Winter beginning in 1895.

This home was demolished in 1939 and the Athlone was born. Built by Arthur Cumming LTD. It was the largest and one of the most interesting apartment complexes built in the 1940s. It features elements of classical revised architecture, such as the pilasters, and the decorative lintels over the windows and doorway, but breaks with classical tradition in its lack of a cornice. The main entrance has two features that were considered innovative at the time: a wall of glass blocks surrounding the door; and vitrolite paneling. Built with high quality materials and set back from the street with a spacious front lawn, the 46 suite apartment building was more luxurious than others in the neighbourhood. Quote by Jim Bowman in the Heritage Highlight.

It’s more than just the architecture that makes this building unique. The property has been restored and maintained to keep that 1940’s feeling. In the main entrance you will find a vintage Art Deco pendant light, one of four, circa 1925. The building’s hallways and stairwells feature glass light shades of the type originally found in the building. Even the incinerator chutes have been refinished with layers of paint removed to reveal the original red brick. The incinerator was retired decades ago but the care taken to preserve the buildings history just adds to its charm.

In 2008 the cliff Bungalow – Mission Community association recognized the Athlone as a community heritage site. If you are interested in seeing this wonderful building it is featured in the Calgary Historical Walking Tour of Mission. Click here to get more information on the walking tour and to get your own self-guided tour. Click here for more information on the Athlone.

 

The Ups and Downs of the Real Estate Market

Friday, May 22nd, 2015

The Ups and Downs

The real estate market is based on the fundamentals of supply and demand.

It is a constantly changing one.

Learning the market conditions will help you make informed choices with your purchase.

How do you stay informed in this ever-moving field?

Sign up for our monthly market report, of course!  http://calgaryareasolds.com

Not knowing the market can cost you a fortune in both time and money.

Don’t be caught off guard, lost and confused.

Sign up now and let us keep you knowledgeable and informed!

 

Foreclosures – What You Need to Know

Thursday, May 14th, 2015

Forclosures

 

Foreclosure can either be a great deal or your worst nightmare. If you are considering taking one on, there are some things to know…

Foreclosures:

  • Are sold as is, so there’s an increased risk
  • Come with no history of sellers
  • May appear to be a good deal, but most are sold at market value and often above list price
  • Offers are sometimes stacked to generate competing offers
  • Provide no history of how the seller lives

 

Before you make a rash decision that could result in years of work and disappointment, seek professional help to assist you. Gord Piper and Associates

NDP Promises to Repeal Real Estate Fee Increases

Tuesday, May 12th, 2015

A newly elected provincial government in Alberta will create ripple effects as government priorities shift and new relationships and opportunities for advocacy efforts present themselves. In case you missed it, one element of the NDP platform was a promise to repeal the increases to mortgage registration/land title registration fees that were put forward in the PC budget in March 2015 and restore the current 2014/15 fees. Click here for the announcement of the campaign promise.

Recent statements from the NDP indicate that the government will be pushing forward in eliminating these increases. There is no official timeline yet for this to take place, as the election result represents a significant change and the NDP will require time to transition into office and be prepared to take real action on campaign promises.

May 2015 Market Snapshot

Monday, May 4th, 2015

Stay ahead of the curve by following our Monthly Market Snapshot of the Calgary Real Estate Market. This shows what’s really happening in the Calgary Real Estate Market. The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate. A simple way to keep up to date and ahead of most!
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Want to see stats specific to your Community? Register for our Market Report at http://www.calgaryareasolds.com/
Find out what your Neighbor’s home sold for – Register for our Market Report at http://www.calgaryareasolds.com/

April saw a decrease in inventory and an increase in sales resulting in a stronger market. This puts us into a balanced market position overall. Detached and Attached homes are now in a sellers’ market position while apartment condos are in a balanced market position.

Calgary Listing Inventory: It is interesting to see that the inventory went down this month. This is partially due to not as many new listings hit the market and that sales increased. This is opposite of what I would normally expect for April.

Inventory  March  2015 April  2015 Change
Detached 3016 3024 +8
Attached 1258 1207 -51
Apartment 1419 1348 -71
Total City of Calgary 5693 5579 -114

Calgary Sales:
Sales in all categories increased this month. This is a normal trend where getting near the summer the sales increase.

Sales March  2015 April  2015    Change % Change
Detached 1061 1149 +88 +8.3%
Attached 387 458 +71 +18.3%
Apartment 299 350 +51 +17.0%
Total City of Calgary 1747 1957 +210 +12.0%

Calgary Real Estate Sales Prices:
Prices in all categories decreased marginally this month. The largest decrease is in the detached home category which is a little surprising as this is the category that is in the strongest market position. Based on the absorption rate below my prediction is that detached and attached homes will stay fairly stable while apartment condos should see decreases until our sales/inventory ratio balances out.

  Sales Prices March  2015 Benchmark Price  April  2015

Benchmark Price

Change
Detached 513,800 510,200 -3,600
Attached 354,800 353,300 -1,500
Apartment 293,300 291,300 -2,000
Total City of Calgary 454,300 451,600 -2,700

Sales Prices “Year to Date”
Year to date prices – All categories have decreased.

Sales Prices Dec 31, 2014   Benchmark Price  April  2015 Benchmark Price Change

$

% Change
Detached 518,600 510,200 -8,400 -1.6%
Attached 356,200 353,300 -2,900 -.8%
Apartment 300,400 291,300 -9,100 3.0%
Total City of Calgary 459,500 451,600 -7,900 -1.7%

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 2.8 to 4.0 Prices typically remain stable
Seller’s Market <2.8 Drives prices up

*** Absorption Rate:
The absorption rate decreased again for all categories. What this means is that the relation to sales over inventory decreased. This puts detached homes and attached homes into a seller’s market, while apartment condos have now moved from a buyer’s market to a balanced market.

Absorption Rate   March  2015 April  2015 Change
Detached 2.84 2.63 -.21
Attached 3.25 2.64 -.61
Apartment 4.75 3.85 -.9
Total City of Calgary 3.26 2.85 -.41

**Please note that these numbers do change on a community basis and more so for towns. If you would like to find stats on your community just let me know. If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

If you know anyone else who might enjoy seeing our monthly summary please feel free to pass this on. Gord, Eric, Brent & Amy
TSW Real Estate Group

Wireless Charging

Thursday, April 16th, 2015

Ikea may not be the first store you think about when looking for the latest in electronic innovation but this year they are launching a line of furniture capable of wirelessly charging your devices. Don’t want new furniture? No problem! They will also be selling everything you need to install their new inductive charging device into any piece of furniture you want.

If you’ve been thinking about getting in the wireless charging game, IKEA just made it a no-brainer. Later this spring, you’ll be able to buy the Jyssen wireless charger for just $30. It’s designed to fit in the cord management hold of the Micke and Stuva desks, but for an extra $5, IKEA will sell you a special drill bit so that you can cut the perfect slot in literally piece of furniture you already own.

Want a wireless charging station on the kitchen table? No problem. How about a charging pad for your dresser? That’s a five-minute job. What about the garage? If you drill the hole, you can charge your phone.

Charging pad

Of course, you could always just opt for the easier, prettier, and slightly less expensive Nordmärke wireless charging pads. Those are $28 for the single pad and $65 for the triple. If your phone doesn’t already support wireless charging—the Qi standard can be hard to find—IKEA is also selling iPhone and Samsung Galaxy cases that add the functionality for$15 to $25.

 

The easiest approach to adding wireless charging to your life would be to buy a piece from IKEA’s new wireless charging furniture.

Collection

We especially like the lamps with the capability built in already. You have to plug the lamp in anyway, why not enable it to charge your phone too? And let’s face it any time you can get rid of a cord laying around your house the better off you tend to be.

Hiring a Friend

Friday, April 10th, 2015

should you hire a friend as your

As spring approaches, many Canadians will be getting ready to buy or sell their homes. Some may enlist the help of a friend or relative who happens to work in real estate but experts caution that hiring a friend as your real estate agent could backfire. We wouldn’t advise to NEVER hire a friend, but you shouldn’t hire them BECAUSE you’re a friend. Don’t do it as a favor do it because they are good at what they do.

In some cases, people find that it’s easier to hire a friend than invest time interviewing several agents. In fact, about one third of people hiring an agent will select the first agent they meet. With this in mind, here is a look at the potential pitfalls of hiring a friend.

 Your friend may think they know what’s best for you

You want a move in ready home but your friend knows of some great deals you can get with handy man specials. They may even offer to help you but…. What if you know nothing of home renovations? Bottom line is a friend doesn’t have the same boundaries that a hired Realtor would and this has the potential to cause some friction.

A friend may put in less time

A friend helping you house hunt may not want to spend every weekend driving around the city instead of working with other clients. That would put the responsibility of finding homes you want to look at on you.

Your friend may not give you a reality check

You may not like hearing some of the things that a Realtor has to say to you like the list price you want to set on your home is WAY to high, or the offer you want to put in on a home is just too low. It’s an agent’s responsibility to give you the honest truth as an objective outsider. This can be difficult to do with friends as you don’t want to hurt their feelings or put tension in the relationship.

If things go bad they can get ugly… really ugly

While this last one is maybe not as likely there are many reasons that you may feel like your Realtor didn’t do their job or could have done it better. Maybe you put an offer on a house and felt they didn’t negotiate aggressively enough. When you have an agent that you’ve hired you can always decide to not work with them again but a friend… they are going to know the next time you move and those uncomfortable questions could come up.

While hiring a friend or family member may not ALWAYS work out that doesn’t mean it NEVER works. If your friend is experienced and treats you like a client, they take the job seriously and know the market you are shopping in it could end up being the right fit.

 

Open Houses

Friday, March 27th, 2015

Why you should consider an open house

Strange Home Decor

Friday, March 20th, 2015

Strange Home Decor