Archive for the ‘Blog’ Category

Just Listed – Richmond Calgary

Friday, August 25th, 2023

Check out this new listing in Richmond, Calgary

MLS : A2076149

List Price: $575,000

Sneak Peek Video: https://youtube.com/shorts/M0BNG_AOHx8

Open House Saturday & Sunday August 26 & 27 from 2:00 to 5:00

 

Awesome Value in the Inner city property.

 

Proudly Presenting 2642 25A Street SW, a meticulously maintained 2-storey residence that exudes pride of ownership in every corner. This captivating home, located just minutes away from downtown Calgary, offers over 2300 square feet of thoughtfully developed living space. From the moment you step through the entrance, you’ll be captivated by the warmth and elegance that radiate throughout. As you enter, the inviting living room welcomes you with its exquisite hardwood flooring and abundant natural light streaming through the large windows. The living room serves as a comfortable gathering space for family and friends to enjoy quality time. Adjacent to the living room, the spacious dining room beckons, perfect for hosting memorable family dinners or entertaining guests. The generously sized kitchen boasts ample space and features an additional dining nook, creating a cozy spot for casual meals. From here, step out to your private yard, complete with a deck and natural gas hookup for your BBQ, an idyllic setting for outdoor gatherings and relaxation. Venture upstairs to discover the expansive primary bedroom, where vaulted ceilings add an air of grandeur. The primary bedroom also boasts a well-appointed 4-piece ensuite and a substantial walk-in closet. To enhance your living experience, the primary bedroom offers access to a private balcony, allowing you to bask in the beauty of Calgary’s evenings. Completing the upper level are two more inviting bedrooms, perfect for family members, guests, or a home office. The main bathroom, conveniently equipped with laundry facilities, adds a touch of practicality to this level. The lower level of this remarkable home features an illegal suite with a separate entrance, offering versatile options for your living needs. A spacious living room welcomes you, accompanied by a full kitchen that allows for self-sufficient living. The bedroom (please note that the window might not meet code regulations), a four-piece bathroom, and in-suite laundry facilities round out the suite’s offerings. The property includes a single garage and an additional parking pad, ensuring ample space for your vehicles. The furnace was thoughtfully replaced in 2013. Situated mere minutes from downtown Calgary, this residence enjoys close proximity to transit options, LRT stations, and vibrant destinations like Marda Loop, where shopping, dining, and entertainment abound. With easy access to recreational facilities, swimming, golf, and more, this home offers a balanced and fulfilling lifestyle. Don’t miss the opportunity to make this elegant house your new home. Schedule a viewing today.

Calgary Real Estate Market Snapshot – Aug 1, 2023

Tuesday, August 1st, 2023

What is really happening in the Calgary Real Estate Market?

 

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

 

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

July 2023 Highlights

The Calgary Market is maintaining its strength, although there are signs of change on the horizon.

  • Sales were the strongest July on record.
  • Months of Inventory increased by .22 for the month.
  • We remain in a deep seller’s market.

Calgary Listing Inventory

Our listing inventory remains very low with a total of 3488 listings on the market, an increase of 30 since July 1, 2023.  Its important to note that new listings are trending slightly up, but they are being absorbed so the inventory is not increasing at a pace we typically expect at this time of the year.

Calgary Sales:

Sales in July were 2647 making this the best July on record with the Calgary Real Estate Board.   Sales were down by 499 compared to June but it is normal that once we hit July sales decline every month until the end of the year.  What’s interesting is that sales were 309 higher than last year.

 

Sales Compared to 2022: 

It is also important to look at sales compared to the Previous year. Sales for April were 711 less than last year. Again, in my opinion this is simply due to not having enough Inventory on the market.

  Jan Feb Mar Apr May June July
2022 2004 3305 4091 3401 3071 2837 2249
2023 1199 1740 2432 2690 3120 3146 2647
Change -805 -1565 -1659 -711 +57 +309 +398
% Change -40.1% -47.4% -40.55% -20.9% +1.9% +10.9% +17.7%

 

Calgary Real Estate Benchmark Sales Prices:

The overall benchmark price continues to increase. The overall benchmark price increased by $3000 or .53%. The largest gain was in the Attached -Row sector with an increase of $7,500 which happens to be the same sector that saw the smallest increase in months of inventory.

 

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

For all of Calgary we have so far seen an increase in all sectors of 9.43% or $48,900. The lowest dollar increases so far has been apartment condos at $31,100 and the highest is Detached homes at $70,900.

 

Current Months of Inventory (Absorption Rate): 

Months of Inventory has increased for the second month in a row, which tells me that the direction is changing.  Our overall months of inventory is 1.32. Months of inventory below 2.5 indicates a seller’s market so we are still deep in a seller’s market.  The largest increase in Months of Inventory was in the Detached sector increasing by .35. Note the Attached-Row sector saw the smallest increase of .10.

 

My Prediction for what is ahead:  Based on what is driving demand (largely immigration) and I do not see that changing any time soon, I predict sales are going to remain strong and prices are going to continue to trend upwards although based on trends I see us slowly climbing out of the seller’s market.

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

See Stats from the Calgary Real Estate Market Below

Calgary Real Estate Board Stats

Calgary Real Estate Market Snapshot, July 1, 2023

Tuesday, July 4th, 2023

What is really happening in the Calgary Real Estate Market?

 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

 

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

May 2023 Highlights

The Calgary Market is continuing at a blistering pace!

  • Another new sales Record – 3146 Sales
  • Prices continue the upward trend.
  • New listings increased resulting in a sale increase.
  • Listing inventory remains very low.

 

Calgary Listing Inventory

Our listing inventory remains very low with a total of 3457 listings on the market, an increase of 251 since June 1, 2023.  Its important to note that new listings are trending slightly up, but they are being absorbed so the inventory is not increasing like we typically expect at this time of the year.

 

Calgary Sales:

Sales in June set another new record high with 3146 sales, an increase of 26 sales from May.  What is interesting is that sales in June were 309 above June sales which is 10.9% higher than last year. I still believe that one of the largest reasons for the continuous increase in sales in the increased level of immigration. For the time being I do not see anything that is going to change that trend so I predict we will continue to see strong sales at least through the end of this year.

 

Sales Compared to 2022: 

It is also important to look at sales compared to the Previous year. Sales for April were 711 less than last year. Again, in my opinion this is simply due to not having enough Inventory on the market.

 

  Jan Feb Mar Apr May June July
2022 2004 3305 4091 3401 3071 2837  
2023 1199 1740 2432 2690 3120 3146  
Change -805 -1565 -1659 -711 +57 +309  
% Change -40.1% -47.4% -40.55% -20.9% +1.9% +10.9%  

 

 Calgary Real Estate Benchmark Sales Prices:

The overall benchmark price continues to increase. The overall benchmark price increased by $7,700 or 1.38% All sectors increased fairly equally.

 

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

For all of Calgary we have so far seen an increase in all sectors of 8.85% or $45,900. The lowest dollar increases so far has been apartment condos at $28,400 and the highest is Detached homes at $65,500.

 

 Current Months of Inventory (Absorption Rate): 

Months of Inventory has finally started to turn the corner with an overall increase from 1.03 to 1.10 which still leaves us in a deep Sellers Market.

My Prediction for what is ahead:  Based on what is driving demand (immigration) and the fact I do not see that changing any time soon, I predict sales are going to remain strong and prices are going to continue to trend upwards.  One thing I am seeing on the street is even though we are still in a very strong sellers market, the  buyers are starting to act much more cautiously and while their offers are still often coming in above list price they are coming in only a little above list compared to what I was seeing a few months ago.

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

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

 

Calgary Real Estate Board Stats

Calgary Real Estate Market Snapshot – June 1, 2023

Thursday, June 1st, 2023

What is really happening in the Calgary Real Estate Market?

 

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

Months of Inventory

 

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

May 2023 Highlights

The Calgary Market is continuing at a blistering pace!

  • Months of Inventory declines again
  • Prices continue the upward trend.
  • New listings increased resulting in a sale increase.

 

Calgary Listing Inventory

There were only small changes in the listing inventory for the month resulting in 31 less listings as of today compared to May 1, 2023

 

Calgary Sales:

Sales increased in all sectors this month.  The overall increase was 15.99% The different sectors ranged from 13.78% for detached homes to 19.47% for Attached-Row.  In my opinion the cause of the increase in sales is because we had substantially more new listings hit the market this month. New listings went from 3132 in April to 3652 in May.  Sales should continue to be strong as the demand seems to be much higher than the supply.

 

Sales Compared to 2022: 

It is also important to look at sales compared to the Previous year. Sales for April were 711 less than last year. Again, in my opinion this is simply due to not having enough Inventory on the market.

  Jan Feb Mar Apr May June July
2022 2004 3305 4091 3401 3071 2842 2254
2023 1199 1740 2432 2690 3120
Change -805 -1565 -1659 -711 +57
% Change -40.1% -47.4% -40.55% -20.9% +1.9%

 

 Calgary Real Estate Benchmark Sales Prices:

The overall benchmark price increased by $6,200 in May.  The largest increase was in the detached sector at $12,100 and the smallest increase was in the Apartment Condo sector at $4,500.  My predictions are that this trend will continue as the months of inventory is still very low putting us in deep seller’s market territory.

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

For all of Calgary we have so far seen an overall increase of 7.36% or $38,200. The lowest dollar increases so far has been apartment condos at $23,800 and the highest is Detached homes at $54,400.

 

Current Months of Inventory (Absorption Rate): 

Months of Inventory decreased again in all sectors making things even tighter.

My Prediction for what is ahead:  Being that we are in a deep Sellers Market, we will continue to see prices increasing. As we have seen all new inventory get sold right away and no net gain, I still have to say this trend is going to continue for the next several months.

 

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

 

All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

 

 

Just listed: 28 Copperstone Gardens SE Calgary, Ab. T2Z 0R6

Friday, May 26th, 2023

Just listed this awesome family home in Copperfield Calgary

List Price only 539,000

Full Brochure at https://www.tswrealestategroup.com/for-sale/28-copperstone-gardens-se–82543387

Just Listed

 

For more information or to view this home please contact us 

 

Just Listed – Great family home at 5004 Nanton Drive NW Calgary Ab. T2K 2N2

Friday, May 26th, 2023

Just Listed this Gem in North Haven Calgary.

List Price only: $530,000

Full Brochure: https://www.tswrealestategroup.com/for-sale/5004-nanton-road-nw–82508822

You Tube Video: https://youtu.be/mwPZNP4wxuc

Just Listed

Just Listed

For more details or to view this great home contact us

Calgary Real Estate Market Snapshot

Tuesday, May 2nd, 2023

What is really happening in the Calgary Real Estate Market? 

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

 

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

April 2023 Highlights

The Calgary Market is continuing at a blistering pace!

  • New listings declined again. We had 3183 compared to 4885 last year.
  • Inventory is still Low – We are at our lowest inventory level since 2007.
  • Benchmark prices increased in all sectors for a total of $9,000.

  

Calgary Listing Inventory

Listing Inventory is identical to last month, this is concerning as normally at this time of year our listing inventory increases and this year it is remaining flat. It seems like everything we list is getting sold almost immediately.

 

Calgary Sales:

Sales increased over last year by 261 this month. Sales for Attached Row homes declined by 154 (again this is due to having no listings to sell). All other sectors increased marginally.

 

Sales Compared to 2022: 

It is also important to look at sales compared to the Previous year. Sales for April were 711 less than last year. Again, in my opinion this is simply due to not having enough Inventory on the market.

 

  Jan Feb Mar Apr May June July
2022 2004 3305 4091 3401 3071 2842 2254
2023 1199 1740 2432 2690
Change -805 -1565 -1659 -711
% Change -40.1% -47.4% -40.55% -20.9%

 

 Calgary Real Estate Benchmark Sales Prices:

The overall benchmark price increased in all sectors with the overall increase being $9,000 or 1.66%. The increase was similar in all sectors. It is my opinion that until our Inventory situation changes, we will continue to see increases like this.

 

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

For all of Calgary we have so far seen an increase of 6.17% or $32,000. The lowest dollar increase so far has been apartment condos at $24,600 and the highest is Detached homes at $42,300.

 

Current Months of Inventory (Absorption Rate): 

Months of Inventory decreased in the Detached and Semi-Detached sectors and increased slightly in the Attached-Row and Apartment sectors.

 

My Prediction for what is ahead:  Being that we are in a deep Sellers Market, we will continue to see prices increasing. As we have seen all new inventory get sold right away and no net gain, I have to predict this trend is going to continue for the next several months.

 

All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, 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 Real Estate Stats May 1, 2023

Just Listed this beautiful home: 157 Aspen Glen Place SW Calgary

Friday, April 21st, 2023

Just Listed: MLS A2042066

Video: https://www.dropbox.com/sh/u3e3h02flifyu91/AADkdMQbU98KGGCxTFK4CJyUa?dl=0

Full Brochure: https://www.tswrealestategroup.com/for-sale/157-aspen-glen-place-sw–81604885

Just Listed 157 Aspen Glen Place SW Calgary

Calgary Real Estate Market Snapshot – April 1, 2023

Monday, April 3rd, 2023

What is really happening in the Calgary Real Estate Market?

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

 

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

April 2023 Highlights

The Calgary Market is continuing at a blistering pace!

  • We have a supply problem. Our inventory increased by only 483 listings in March however the total number of listings is only 73.6% of last year so we are very low on listings.
  • Multiple offers are being seen in all sectors with huge numbers of offers for Detached, Attached and Townhomes. Of course, they are selling well above list price.
  • Sales increased over February however if we had inventory sales would be much higher.

 

Calgary Listing Inventory

Listing inventory increased an overall of 17.56% in March with the highest increase in the Attached – Row sector (23.24%).  The lowest increase is in the Semi – Detached sector at 11.76.

 

Calgary Sales:

Total Sale in March increased by 692 or 39.77% over February, far outpacing the increase in inventory.  All sectors were above 23% with the highest increase in the Semi – Detached Sector at 55. %

  

Sales Compared to 2022: 

It is also important to look at sales compared to the Previous year. Sales for March were down 40.55% when compared to last March of 2022. Although this looks like a substantial number, if we had more inventory sales would have been higher – it is a supply problem not low demand causing lower sales.

 

  Jan Feb Mar Apr May June July
2022 2004 3305 4091 3401 3071 2842 2254
2023 1199 1740 2432        
Change -805 -1565 -1659        
% Change -40.1% -47.4% 40.55%        

 

  

Calgary Real Estate Benchmark Sales Prices:

The overall benchmark price increased by $10,900 or 2.05% in March. The highest increase was in detached homes at $13,900 up and the lowest increase is in the Apartment Condo Sector which was $7500.

 

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

For all of Calgary we have so far seen an increase of 4.43% or a $23,000 Increase

 

Current Months of Inventory (Absorption Rate): 

Once again our months of Inventory decreased by .25  This number is not going to change until we start seeing more listings hit the market.

 

My Prediction for what’s ahead:  Being that we are in a deep Sellers Market we will continue to see prices increasing.  My gut feeling is we will start to see an increase in inventory in April and will work towards a more balanced market over the next 6 months.  

 

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

All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

CREB Stats

Calgary Real Estate Market Snapshot for March 1, 2023

Wednesday, March 1st, 2023

What is really happening in the Calgary Real Estate Market?

 

Months of Inventory in the Calgary Real Estate Market

Months of Inventory in the Calgary Real Estate Market

 

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

December 2022 Highlights

The Calgary Market is exploding again, as an agent I feel like I am reliving 2022!

  • Our inventory edged up slightly, yet it is still extremely low.
  • Multiple offers are being seen in all sectors with huge numbers of offers for Detached, Attached and Townhomes. Of course, they are selling well above list price.
  • Sales increased over January however if we had inventory sales would be much higher.

 

Calgary Listing Inventory

Listing inventory increase an overall of 12.2% in February.  Keep in mind that December is typically the lowest inventory months and the next several months you will see increases.

  

Calgary Sales:

Total Sale in February increased by 45.12% over January.  This is a substantial increase however it is also important to note that this increase is substantially higher that our inventory increase which is putting upward pressure on the market.

  

Sales Compared to 2022: 

It is also important to look at sales compared to the Previous year. Sales for February were down 47.4% when compared to last February of 2022. Although this looks like a substantial number, if we had more inventory sales would have been higher – it is a supply problem not low demand causing lower sales.

 

  Jan Feb Mar Apr May June July
2022 2004 3293 4107 3401 3071 2842 2254
2023 1199 1740
Change -805 -1553
% Change -40.1% -47.16%

  

Calgary Real Estate Benchmark Sales Prices:

The overall benchmark price increased by $1.92% in February.  The highest increase was in the Apartment Condo Sector, followed by the Attached Row Sector, Detached,

and then Semi Detached.

 

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

For all of Calgary we have so far seen an increase of 2.33% or $12,100.

 

Current Months of Inventory (Absorption Rate): 

The months of inventory decreased of.46 which is substantial.   This increase was about the same in all sectors except Semi-Detached homes which decreased by .21   Even with the slight increase every sector is currently in a seller’s market position with the Attached-Row sector being the lowest months of inventory at 1.04

 

Question: Why is Calgary’s Real Estate Market so different from the rest of Canada.

Answer: Immigration

The number of people moving to Alberta is huge, here is a start from the Alberta Government.

Population

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

All numbers vary by community and price ranges, if you would like stats specifically for your neighborhood, please contact us.

Calgary Real Estate Board Stats