Pride of ownership shows in this beautiful executive style fully finished bungalow with over 2800 square feet of developed living area located on cul de sac. Features of this custom home include vaulted ceilings throughout, rounded corners, central air, large windows and skylight that provide lots of natural light. Carpet is new throughout. On the main floor you will find the grand vaulted entrance, formal dining room, living room with fireplace, den and an open kitchen featuring a large island with eating bar, plenty of cabinets for storage, pantry and patio doors leading to your deck. Main floor master bedroom features a walk in closet and full ensuite bath. Complete the main floor with laundry and a 2 piece bath. Downstairs is very usable space as it features very large windows and 9 foot ceilings. Downstairs you will find a games room, pool table , wet bar, and living room with a stone fireplace and a bedroom and hobby room. Priced to sell at $550,000. MLS listing C3592372. Check out our video tour at http://youtu.be/KWKKT1r1qb8
Archive for the ‘Blog’ Category
171 Rocky Ridge Landing NW Calgary Ab. T3G 4J7
Friday, November 15th, 2013November 2013 Monthly Real Estate Market Snapshot
Thursday, October 31st, 2013Want to know 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. In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales. This month put the market into an even stronger Sellers position.
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Calgary Listing Inventory: Inventory levels for all single family homes dropped a little while all townhouses and apartment condos remained almost flat this month.
Inventory |
September 2013 |
October 2013 |
Change |
Single Family Home |
2789 |
2705 |
-84 |
Condo Townhouse |
450 |
444 |
-6 |
Condo Apartment |
683 |
692 |
+9 |
Total |
3922 |
3841 |
-81 |
Calgary Sales:
Sales in October were almost the same as in September. Traditionally this time of year we start to see sales slowing.
Sales |
September 2013 |
October 2013 |
Change |
% Change |
Single Family Home |
1354 |
1336 |
-18 |
-1.3 |
Condo Townhouse |
245 |
280 |
+35 |
+1.4 |
Condo Apartment |
324 |
337 |
+13 |
+.04 |
Total |
1923 |
1953 |
+30 |
+.15 |
Calgary Real Estate Sales Prices:
In October, the benchmark price increased for all categories. As long as our ratio of sales to listings remains the same this trend will continue.
Sales Prices |
September 2013 Benchmark Price |
October 2013 Benchmark Price |
Change |
Single Family Homes |
463,700 |
468,000 |
+4,300 |
Condo Townhouse |
299,100 |
302,200 |
+3,100 |
Condo Apartment |
272,900 |
276,100 |
+3,200 |
Sales Prices “Year to Date”
Year to date prices have increased in all categories.
Sales Prices | Dec 31 2012 Benchmark Price |
October 2013 Benchmark Price |
Change |
% Change |
Single Family Homes |
434,800 |
468,000 |
+33,200 |
+7.6 |
Condo Townhouse |
284,100 |
302,200 |
+18,100 |
+6.3% |
Condo Apartment |
248,700 |
276,100 |
+27,400 |
+11.1% |
Absorption Rate Defined: (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 |
Balanced Market |
Between 2.8 to 4.0 |
Seller’s Market |
<2.8 |
Absorption Rate: Throughout September our absorption rate decreased in all categories putting the market even more in favour for sellers. Especially in the starter home price range we are starting to see lots of competing offers.
Absorption Rate |
September 2013 |
October 2013 |
Change |
Single Family Homes |
2.06 |
2.02 |
-.04 |
Condo Townhouse |
1.84 |
1.58 |
-.26 |
Condo Apartment |
2.1 |
2.05 |
-.05 |
Total Calgary |
2.04 |
1.97 |
-.07 |
**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.
Search MLS Listings on our website at www.gordpiper.com or at www.gordpiper.ca
Excellent Investment, Fantastic Townhouse for only $279,900
Thursday, October 17th, 2013Pride of ownership shows in this beautiful 3 bedroom Townhome. This home has been well maintained and is well laid out with an open concept. Kitchen features a large breakfast bar and corner pantry, separate dining area and a door to your yard. Living Room is open to kitchen to always give you that spacious feeling. Upstairs you will find the generous master with his & hers closets and a full ensuite bath. Complete the upstairs with 2 additional bedrooms and a bath. Downstairs is untouched waiting for your finishing ideas. Close to shopping and easy access to Hwy 2. MLS C3589595
Check out our video tour @ http://youtu.be/tUJTla8jZ5M
October 2013, Calgary Real Estate Market Snapshot
Monday, September 30th, 2013Want to know 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. In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales. It is important to note that for the first time in more than 6 months the absorption rate increased above 2.0 so we are seeing a slight shift.
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Calgary Listing Inventory: Inventory levels for all categories remained almost flat this month.
Inventory |
August 2013 |
September 2013 |
Change |
Single Family Home |
2791 |
2789 |
-2 |
Condo Townhouse |
417 |
450 |
33 |
Condo Apartment |
690 |
683 |
-7 |
Total |
3898 |
3922 |
24 |
Calgary Sales:
Sales decreased marginally in all categories except townhouses which saw a small increase this month. This is very normal as sales typically start slowing at this time of year. To look at another perspective even though sales slowed this month they were 19% higher than in August 2012.
Sales |
August 2013 |
September 2013 |
Change |
% Change |
Single Family Home |
1517 |
1354 |
-163 |
-10.7 |
Condo Townhouse |
282 |
245 |
37 |
13.6 |
Condo Apartment |
397 |
324 |
-73 |
-18.4 |
Total |
2196 |
1923 |
-273 |
-12.4 |
Calgary Real Estate Sales Prices:
In September, the benchmark price stayed almost flat for all categories with apartment condo’s showing the largest increase.
Sales Prices |
August 2013 Benchmark Price |
September 2013 Benchmark Price |
Change |
Single Family Homes |
464,700 |
463,700 |
-1,000. |
Condo Townhouse |
298,500 |
299,100 |
600 |
Condo Apartment |
270,600 |
272,900 |
2,300 |
Sales Prices “Year to Date”
Year to date prices have increased in all categories.
Sales Prices | Dec 31 2012 Benchmark Price |
September 2013 Benchmark Price |
Change |
% Change |
Single Family Homes |
434,800 |
463,700 |
28,900 |
6.65 |
Condo Townhouse |
284,100 |
299,100 |
15,000 |
5.27 |
Condo Apartment |
248,700 |
272,900 |
24,200 |
9.73 |
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 |
Balanced Market |
Between 2.8 to 4.0 |
Seller’s Market |
<2.8 |
Absorption Rate: Throughout September our absorption rate increased in all categories. This could be the start of a shift as this is the first time in several months that the absorption rate has exceeded 2.0. Of course we have a long way to move still to move into a buyers market.
Absorption Rate |
August 2013 |
September 2013 |
Change |
Single Family Homes |
1.84 |
2.06 |
.22 |
Condo Townhouse |
1.47 |
1.84 |
.37 |
Condo Apartment |
1.74 |
2.1 |
.36 |
Total Calgary |
1.78 |
2.04 |
.26 |
**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.
Interest Rates are on the rise – if you are even considering making a move get to your bank and get a mortgage commitment locked in at today’s rates. It looks like they may even go higher.
FORUM FOR A FLOOD FREE CALGARY
Thursday, September 19th, 2013
|
4 Royal Birch Mount Calgary Ab. T3G 5W9
Wednesday, September 11th, 2013Excellent investment with this fantastic Townhouse, Priced at $339,000
Spacious well maintained townhouse with a functional open floor plan. Upon entry you cannot help but appreciate the large entrance. As you proceed you will find the kitchen that overlooks the living room. Kitchen features stainless steel appliances and plenty of counter space. There is a separate dining room. Living room boasts a wall of windows, gas fireplace and a door to your private deck and fenced backyard. Upstairs you will find the huge master with a 4 piece ensuite bath and safe. Two other generous bedrooms and the main bath complete the upper floor. The unspoiled basement is waiting for your personal touch. Complex offers open space and visitor parking. Fantastic location in the desirable “0utlook” situated close to shopping at Royal Oak Centre, school and public transit. MLS C3585077.
Check out the full video tour here: https://www.youtube.com/watch?v=-xZ3uINZQF8
Check out the full video tour here: https://www.youtube.com/watch?v=-xZ3uINZQF8
Sept 2013 Calgary Real Estate Market Snapshot
Monday, September 2nd, 2013Want to know 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. In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales.
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Calgary Listing Inventory: Inventory levels for all categories except townhouses decreased again throughout August.
Inventory |
July 2013 |
August 2013 |
Change |
Single Family Home |
2917 |
2791 |
-126 |
Condo Townhouse |
407 |
417 |
10 |
Condo Apartment |
768 |
690 |
-78 |
Total |
4092 |
3898 |
-194 |
Calgary Sales:
Sales decreased marginally in all categories this month. This is very normal as many people are focused on summer vacations, back to school etc. The other reason for this is that listings are so low that good homes are challenging to find.
Sales |
July 2013 |
August 2013 |
Change |
% Change |
Single Family Home |
1575 |
1517 |
-59 |
-3.6% |
Condo Townhouse |
295 |
282 |
-13 |
-.44% |
Condo Apartment |
398 |
397 |
-1 |
– |
Total |
2268 |
2196 |
-72 |
-3.2% |
Calgary Real Estate Sales Prices:
In August, the benchmark price increased slightly for all categories. This is simply a reflection of demand outpacing supply Mens andre nettsider hovedsakelig fokuserer pa norske spilleautomater pa nett, onsker vi ogsa a servere deg informasjon om de ekte maskinene. and this trend will continue until the inventory starts to increase faster than sales.
Sales Prices |
July 2013 Benchmark Price |
August 2013 Benchmark Price |
Change |
Single Family Homes |
461,600 |
464,700 |
3,100 |
Condo Townhouse |
294,500 |
298,500 |
4,000 |
Condo Apartment |
267,600 |
270,600 |
3,000 |
Sales Prices “Year to Date”
Year to date prices have increased in all categories.
Sales Prices | Dec 31 2012 Benchmark Price |
August 2013 Benchmark Price |
Change |
% Change |
Single Family Homes |
434,800 |
464,700 |
29,900 |
6.9% |
Condo Townhouse |
284,100 |
298,500 |
14,400 |
5.1% |
Condo Apartment |
248,700 |
270,600 |
21,900 |
8.8% |
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 |
Balanced Market |
Between 2.8 to 4.0 |
Seller’s Market |
<2.8 |
Absorption Rate: Throughout August our absorption rate decreased in all categories except townhouses. With inventory shrinking faster than sales are slowing it is now pushing us into a stronger “Sellers market position”.
Absorption Rate |
July 2013 |
August 2013 |
Change |
Single Family Homes |
1.85 |
1.84 |
-.01 |
Condo Townhouse |
1.37 |
1.47 |
.1 |
Condo Apartment |
1.93 |
1.74 |
-.19 |
Total Calgary |
1.80 |
1.78 |
-.02 |
**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.
In Other News:
Rumor on the street is that CMHC has hit their annual $ limit for mortgage insurance so getting this product might be a little more difficult.
Interest Rates are on the rise – if you are even considering making a move talk to your bank or mortgage broker and get a mortgage commitment locked in at today’s rates.
Sign up for your personalized Market Report for your Community : http://www.calgaryareasolds.com/
Gord Piper
5112 Brisebois Drive NW
Wednesday, August 21st, 2013Just listed a great bungalow in Charleswood. For a video tour click https://www.youtube.com/watch?v=pgWQWxW_3P4
Beautiful, large & bright bungalow in a fantastic community. This 1225 sq ft bungalow has had many upgrades since 2008. Living room features gleaming hardwood and a stone fireplace. Kitchen is open and features upgraded cabinets, granite countertops, Kinetico water system and modern appliances. Master bedroom features a 2 piece ensuite and an extra clothing storage unit, 2 other bedrooms are generous in size. Main bath upgraded. Downstairs you will find a bedroom, 3 piece bath, recreation room with Sauna and RI plumb for a wet bar and plenty of storage space. Newer furnace and Air Conditioning. Beautifully landscaped with over $20,000 invested. Stamped concrete sidewalk and patio. Also features RV Parking and an oversized double garage. Excellent access to transit, and nearby is the university and plenty of shopping. Listed at $524,900 . MLS C3582196
CMHC Housing Market Outlook – Calgary
Friday, August 16th, 2013This Outlook report for Calgary is published semi-annually and offers forecasts and analyses of trends in the new, resale and rental housing markets. For the new home market, housing starts and price changes are examined in detail, while the resale section presents sales activity, average prices, and listings. Analysis of the rental market focuses on vacancy rates, average rents and related forecasts. An overview and forecast of key economic indicators is also detailed, along with other factors affecting the local economy and housing market. Check out their report at http://www.cmhc-schl.gc.ca/odpub/esub/64339/64339_2013_B01.pdf?fr=1376766245407 or visit their website at http://www.cmhc-schl.gc.ca
Aug 2013 Calgary Real Estate market snapshot
Thursday, August 1st, 2013Want to know 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. In summary the Calgary housing market is still very strong and we are moving even deeper into a Sellers Market.
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Calgary Listing Inventory: Inventory levels for all categories decreased again throughout July. If you have been following my reports the Inventory levels had been increasing a little every month until last month. This may very well be due to the flooding disaster in Calgary where some listings were taken off the market.
Inventory |
June 2013 |
July 2013 |
Change |
Single Family Home |
3199 |
2917 |
-282 |
Condo Townhouse |
489 |
407 |
-82 |
Condo Apartment |
896 |
768 |
-128 |
Total |
4584 |
4092 |
-492 |
Calgary Sales:
Sales decreased in all categories except apartment condos this month. Following the trends of the last few years we are getting into summer vacations when people take holidays and therefore the sales numbers drop a little. A very normal change.
Sales |
June 2013 |
July 2013 |
Change |
% Change |
Single Family Home |
1638 |
1575 |
-63 |
-3.8% |
Condo Townhouse |
317 |
295 |
-22 |
-.7% |
Condo Apartment |
362 |
398 |
36 |
1.0% |
Total |
2317 |
2268 |
-49 |
-2.1% |
Calgary Real Estate We used another online defensive driving school school for our other son. Sales Prices: Please note that we are now using the Benchmark price for this comparison.
In July, the benchmark price increased slightly for all categories except townhouses which saw a small drop. This is simply a reflection demand outpacing supply and will continue until the inventory starts to increase faster than sales.
Sales Prices |
June 2013 Benchmark Price |
July 2013 Benchmark Price |
Change |
Single Family Homes |
459,700 |
461,600 |
1900 |
Condo Townhouse |
295,000 |
294,500 |
(500) |
Condo Apartment |
264,000 |
267,600 |
3600 |
Sales Prices “Year to Date”
Year to date prices have increased in all categories.
Sales Prices | Dec 31 2012 Benchmark Price |
July 2013 Benchmark Price |
Change |
% Change |
Single Family Homes |
434,800 |
461,600 |
26,800 |
6.1% |
Condo Townhouse |
284,100 |
294,500 |
10,400 |
3.66 |
Condo Apartment |
248,700 |
267,600 |
18,900 |
7.6% |
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 |
Balanced Market |
Between 2.8 to 4.0 |
Seller’s Market |
<2.8 |
Absorption Rate: Throughout July our absorption rate decreased in all categories. With inventory shrinking faster than sales are slowing it is now pushing us into a stronger “Sellers market position”.
Absorption Rate |
June 2013 |
July 2013 |
Change |
Single Family Homes |
1.95 |
1.85 |
-.1 |
Condo Townhouse |
1.54 |
1.37 |
-.17 |
Condo Apartment |
2.48 |
1.93 |
-.55 |
Total Calgary |
1.98 |
1.80 |
-.18 |
**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.