Archive for the ‘Blog’ Category

« Older Entries
Newer Entries »

June 1, 2021 Calgary Real Estate Market Snapshot

Tuesday, June 1st, 2021

What is really happening in the Calgary Real Estate Market?

The market is a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you an indication of where things are really heading.

2 year trend – Months of Inventory

 

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

Another huge month for Calgary Real Estate although Change is on the way again.

“Buyers Beware” The booming market has already brought out sellers who are fishing for huge dollars, yes there are more than a normal number of homes listed substantially above what the market will bear.

 

Calgary Listing Inventory

Listing inventory in Calgary increased in every sector with the largest increase in the Detached Sector at 15%.  The lowest increase was in Semi-Detached homes at 3.92. The overall market increased by 11.73%

Calgary Sales:

Sales in all sectors are booming although we are seeing signs of a slight slowdown across all sectors. The largest decrease was in Apartment condos at 13.86% decline, the lowest decline in sales was Attached-Row homes at 1.42% Overall decline in sales was 6.86% from April highs.

I do not for a minute believe the demand has gone down, what I believe is causing the decline is the availability of homes.

 Sales Compared to 2020:

Normally this is a good category to watch however we are now comparing sales this year to when we were

in a collapsed market due to Covid and the First Shutdown.

 

  Jan Feb Mar Apr May June
2020 861 1190 1175 573 1080
2021 1208 1836 2903 3209 2989
Change +347 +646 +1729 +2639 1,911
% Change +7.49 +54.4 247% +562% 277.3%

 

  July Aug Sept Oct Nov Dec
2020 1835 80 1702 1764 1437 1199
2021            
Change            
% Change            

 

 Calgary Real Estate Benchmark Sales Prices:

Overall, the benchmark price in Calgary increased again in May by $3,800.

The largest gain was in Semi-Detached at $5,700 Detached homes at $4,200, Attached Row at $3,000, and Apartment Condos at $700.

 

Current Months of Inventory (Absorption Rate): 

With the increases in inventory and the reduction in sales our Months of Inventory is starting to rise again.  Still positioned in a Seller’s market are Detached and Semi-Detached homes.  Attached Row homes just came out of the seller’s market to a balanced market position.  Apartment condos are still sitting at 5.18 Months of inventory so very much in a buyer’s market.

It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community, or more specific numbers for your home 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.

 

Data taken from the Calgary Real Estate Boards Monthly Stats Package.

Tags:, , , , ,
Posted in Blog, Market Snapshot | Comments Closed

Just Listed – 234 Edgedale Gardens NW Calgary

Thursday, May 20th, 2021

Just listed a beautiful Townhouse in Edgemont.

MLS: A1110344

See full listing here: https://www.tswrealestategroup.com/for-sale/234-edgedale-gardens-nw–63381765

 

Welcome to Edgedale Gardens, a hidden gem in Edgemont. Beautiful, substantially updated 2 Storey Townhouse with 1408 sq ft. features a fully developed basement and a double attached garage. This unique open layout has character and offers high vaulted ceilings, hardwood floors, and fresh paint throughout the main floor. Home shows 10/10 and is move-in-ready.  The living room features vaulted ceilings creating an open feeling, large south-facing windows providing plenty of natural light, a wood-burning fireplace, and an elegant built-in wall unit with hardwired 5.1 surround sound and Ethernet.  The spacious kitchen is open to the Dining room and was updated a few years back with new cabinets, granite countertops, backsplash, lighting, and new appliances. Complete the main floor with an updated 2-piece powder room. Upstairs features a loft hallway that overlooks the living and dining room spaces.  The spacious Primary Bedroom features a spa-like updated 4-piece ensuite and a walk-in closet.  Complete the upstairs with 2 additional spacious bedrooms and the main updated bathroom.   Downstairs is one large recreation room that is currently divided into a family gathering room, exercise room, and an office. Plenty of space to create your own comfort. Complete the basement with a separate laundry room. The basement is also hardwired for 7.1 Surround and Ethernet.   Enjoy your south-facing deck with lots of trees for privacy. Home is in the desired community of Edgemont and is close to paths, Nose Hill Park, schools, superstore, and shopping.  Just a short drive to Dalhousie LRT, U of C, Foothills Medical Centre, and the Alberta Children’s Hospital. The complex is pet-friendly.

Tags:, , ,
Posted in Blog, Listings | Comments Closed

Just Listed 31 Somerset Drive SW

Saturday, May 15th, 2021

Just Listed 

Check out this 1351 Sq Ft Bungalow that is located across from a park in Somerset.

MLS:  A1108070

Video Tour:  https://youtu.be/waVhITI4VW4

Price: $440,000

Full listing details:  https://www.tswrealestategroup.com/for-sale/31-somerset-drive-sw–63279744

Bright freshly painted bungalow situated on a corner lot across the street from Somerset Park. This 1351 sq Foot Bungalow has been substantially renovated and feature’s hardwood floors and soaring vaulted ceilings throughout.  The kitchen features views of the park, a  pantry, and has been updated with quartz countertops,   and new  Stainless-Steel appliances. Enter the living room – dining room and you will love the vaulted ceilings, on cooler nights relax by the fireplace.   On warmer days soak up the sun on your massive southwest-facing deck (15’ x 11’) where you have fantastic views of the park.   The primary bedroom features double closets and a newly renovated 5-piece ensuite. Complete the main floor with a second bedroom, main floor laundry, and the newly renovated main bath.  Downstairs is untouched and awaits your personal touches and has roughed in plumbing for a bathroom. Also features a double attached garage and vacuum system. Outstanding location across the street from the park, 3 minutes to the LRT, close to Daycare,  Shopping center, Walmart, and only a few minutes to Fish Creek Park.

Tags:, ,
Posted in Blog, Listings | Comments Closed

Coming Soon Listings

Tuesday, May 4th, 2021

Should you use coming soon to market your listing? 

Here is what you need to know!

Now that Calgary has moved into a very strong Sellers’ market we are seeing “Coming Soon” listings everywhere. A coming soon listing advertises your listing prior to it going live on the MLS System for the public to view.

Here is my opinion on Coming Soon Listings.

From a Sellers Perspective:  

As a Seller, you want to maximize the exposure to your listing so coming soon is certainly a smart way to do that,  but hold on.  What I am seeing in the marketplace is coming soon listings are being marketed with a sign on your lawn, on Social Media, and most importantly through interoffice communication.  Here is where the problem starts.  Most activity is being created through internal office communication.  The buyer’s Realtor always wants to get in before the general public and so a showing is arranged, often that buyer writes a strong offer and the Seller accepts the offer as it’s a quick sale.  So, looking at this process, how much exposure did this listing get – 1 showing, yes almost no exposure.  Will the seller get top dollar using this strategy – most likely not.

Using Coming Soon to your advantage:  Again in my opinion using “Coming Soon” is a fantastic marketing tool and should be used.  It should be used to attract attention and get people excited about viewing your home.  The key to doing this effectively is to collect names of people interested and let them know the minute it goes on the market, while still giving the general public the opportunity to view your home before you accept any offers.  This will maximize the exposure to your listing and get you top dollar for your home.

A Buyer’s Perspective:  If you are buying a home then use the “Coming Soon” listings to your advantage, if you can get in before everyone else you will not only get your home but you may not have to compete with several other buyers. A word of caution,  make sure your Realtor does a comparative market analysis on the property so you don’t get too excited about a home that is substantially overpriced.

If you are considering Selling, reach out to us for a free consultation

 

 

Tags:, , , ,
Posted in Blog | Comments Closed

April 2021 Calgary Real Estate Market Snapshot.

Monday, May 3rd, 2021

What is really happening in the Calgary Real Estate Market? 

The market is a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you an indication of where things are really heading.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

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

 

Wow, another huge month for Real Estate in Calgary. In addition to Detached homes being in a seller’s market position, Semi-Detached and Attached Rowhouses have joined that category leaving only Apartment condos in the balanced market territory.

 

Calgary Listing Inventory

In April we saw the inventory for homes in all sectors increase by approx. 12%

The number of new listings in April was 4670 compared to 4441 for March so a 5% increase.

It seems that most of the new listings are still immediately turning in sales.

 

Calgary Sales:

Calgary Sales are soaring.  Detached homes and Semi-Detached homes hit a record high in April.

Every category increased between 9.65%-14.3% over last month.  The only thing holding our sales from going higher seems to be the low inventory.

 

Sales Compared to 2020:

Normally this is a good category to watch however we are now comparing sales this year to when we were

in a collapsed market due to Covid and the First Shutdown.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2020 861 1190 1175 573 1080 1747 1835 80 1702 1764 1437 1199
2021 1208 1836 2903 3209                
Change +347 +646 +1729 +2639                
% change +7.49 +54.4 247% +562%                

  

Calgary Real Estate Benchmark Sales Prices:

Overall, the Benchmark Price for all sectors increased by $9,500.  The smallest increase was in the Apartment condo sector at $1,900 and the largest increase was in the detached home sector which increased by $12,800.  All other sectors were in between.  Interesting how the sectors with the lowest months of inventory are showing the highest price increases.  Truly supply and demand in at play here.

 

Current Months of Inventory (Absorption Rate): 

There was very little change in the Months of Inventory during April.   Detached and Semi-Detached decreased by .07 and .14 respectively.  Attached Row and Apartment Condos increased by .06 and .27 respectively.  With the months of Inventory where they are, I can only predict that prices will continue to increase with possibly the exception of Apartment Condos.

 

It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community, or more specific numbers for your home 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.

Stats Photo

Tags:, , , , , , , ,
Posted in Blog, Market Snapshot | Comments Closed

Calgary Real Estate Market Snapshot for March 2021

Friday, April 2nd, 2021

What is really happening in the Calgary Real Estate Market?

The market is a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you an indication of where things are really heading.  As you can see at a glance all sectors except apartment condos are in a Seller’s market position.

2 Year Trendline

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

The Calgary Real Estate Market continues to outpace last month and last year by hugh numbers.  Up until March the sales increases were mostly in the detached sector but that is now creeping into other sectors as well.

Following are just my thoughts on the why:

  1. Low-Interest Rates According to Rate Hub a 5-year mortgage can be had at 1.74% – Crazy Low.
  2. According to data from ATB the Job losses have been in the lower wage groups. Higher wage jobs are in positive territory compared to a year ago.
  3. There has recently been some positive news in the Oil & Gas Sector.
  4. With Vaccine’s coming there is a little more of a positive vibe out there.

Calgary Listing Inventory

In March we saw the inventory for homes in all sectors increase marginally.

Calgary Sales:

Calgary Sales were the highest they have been since 2007.  When compared to last month all sectors were up with detached homes leading the way at 66.16% increase.  Semi-detached was 48.62%, Attached Row was 47.31% and Apartment Condos trailed at a 41.54%increase – which is still huge.

 Sales Compared to 2020:

This is where it gets interesting.  As you can see sales in March 2021 beat sales in March 2020 by 247.3%

Of course, we have to keep in mind that March 2020 we just started to see sales decreased due to covid.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2020 861 1190 1175 573 1080 1747 1835 80 1702 1764 1437 1199
2021 1208 1836 2903                  
Change +347 +646 +1729                  
% change +7.49 +54.4 247.3%                  

 

Calgary Real Estate Benchmark Sales Prices:

Overall, the Benchmark Price for all sectors increased by $10,800.  Detached homes increased by $13,800 (the largest) and the smallest which was Apartment Condos which still increased by $3,501.  Detached homes year to date increased by 25,800 or 5.26%

 

Current Months of Inventory (Absorption Rate): 

This is the key number, which determines what type of market we are currently in.

The months of inventory decreased in all housing sectors.   From the smallest to largest decrease the change was:

Semi-Detached   -.37   Sellers Market Territory

Detached – .42   Continues to be in Sellers Market Territory

Attached Row: -.76  Now in Sellers Market territory at 2.29 Months of Inventory

Apartment:  – .89  Still in Buyer’s market territory

 

With the months of Inventory where they are, I can only predict that prices will continue to increase with possibly the exception of Apartment Condos.

It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community, or more specific numbers for your home please contact us.

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

All numbers are taken from the Calgary Real Estate Boards monthly Stats package for Realtors.

Tags:, , ,
Posted in Blog, Real Estate Board's Statistics | Comments Closed

Just Listed

Friday, March 19th, 2021

Great opportunity in Huntington Hills

MLS# A1083286

Solid bungalow on a large corner with a double detached garage.  An outstanding opportunity to build some sweat equity as this home is dated and is looking for your love.  The approximate date for past renovations includes 2006- Main Bath, 2008 – Furnace, Early 2000’s – Roof replaced, kitchen updated. The main floor features an L – shaped living room- dining room, spacious kitchen, Master bedroom with 2-piece ensuite, 2 additional bedrooms and main bath.  Downstairs is fully developed and includes a large recreational room, 2 rooms that can be converted to bedrooms by adding larger windows. The double detached garage offers a heater and a workbench.  Located in the NW section of Huntington this is an excellent location, minutes to Nose Hill Park, Google says 19 minutes to downtown, excellent access to main arteries to go anywhere, close to Super Store and Thornhill Aquatic and Rec Centre.  To book a showing please contact us

 

Tags:, , ,
Posted in Blog, Listings | Comments Closed

Calgary Real Estate Market Snapshot for Feburary 2021

Monday, March 1st, 2021

 What is really happening in the Calgary Real Estate Market?

The market is a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you an indication of where things are really heading.

2 year trend of Months of Inventory for the Calgary Real Estate market for all Housing Sectors.

2 year trend of Months of Inventory for the Calgary Real Estate market for all Housing Sectors.

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

With Detached homes setting the pace the Calgary Real Estate Market is seeing sales numbers we have not seen since 2014.  I have had a lot of people ask the question WHY?

Following are just my thoughts on the why:

  1. Low-Interest Rates According to Rate Hub a 5-year mortgage can be had at 1.64% – Crazy Low.
  2. According to data from ATB the Job losses Alberta has seen have been in the lower wage groups. Higher wage jobs are in positive territory compared to a year ago.
  3. There has recently been some positive news in the Oil & Gas Sector.
  4. With Vaccine’s coming there is a little more of a positive vibe out there.

Calgary Listing Inventory

We saw an increase in all Sectors in listing inventory.  This is very normal and as we approach spring the listing inventory will continue to rise.

Calgary Sales:

Calgary Sales were the highest they have been since 2014. The highest increases were in

Attached Rowhomes: 73.33% increase over last February.

Detached homes 53.63% increase over last February.

Apartment Condo:  46.24% Increase over last February

Sales Compared to 2020:

This is where it gets interesting.  As you can see sales in February 2021 beat sales in February 2020 by 54.4%

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2020 861 1190 1175 573 1080 1747 1835 80 1702 1764 1437 1199
2021 1208 1836                    
Change +347 +646                    
% change +7.49 +54.4                    

 

 Calgary Real Estate Benchmark Sales Prices:

Overall, the Benchmark Price for all sectors increased by $8,800.  Detached homes increased by $12,000 (the largest) and the smallest which was Apartment Condos which still increased by $2,899.

 Current Months of Inventory (Absorption Rate): 

The months of inventory decreased in all housing sectors.   From the smallest to largest decrease the change was:

Semi-Detached   -.38 Now in Seller Market Territory

Detached -.59   Now in Seller Market Territory

Attached Row: -1.6 Now in Balanced market territory.

Apartment:  – 1.81 Still in Buyer’s market territory

Sales compared to last February are up by 54.4% so even though inventory is rising the increase in sales is much higher than the increase in listings pushing us to lower months of inventory and into a seller’s market for some sectors.

 It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community contact us.

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

Stats from the Calgary Real Estate Board's Monthly Stats package for February 2021

Stats from the Calgary Real Estate Board’s Monthly Stats package for February 2021

Tags:, , ,
Posted in Blog, Real Estate Board's Statistics | Comments Closed

Just Listed

Friday, February 26th, 2021

Outstanding opportunity to own this 2 bedroom, 2 bath renovated condo for only $165,000

Check out full listing here: https://www.tswrealestategroup.com/for-sale/12-3212-edenwold-heights-nw–61872682

MLS A1077327

Outstanding opportunity in Edgecliffe Estates.  This main floor open concept 2 bedroom – 2 bath, newly renovated unit is priced to sell and is a great starter home or investment opportunity.  The living room is open to the kitchen which features an eating bar. The living room features a gas fireplace and leads to your covered east-facing patio to enjoy your morning coffee.  The primary bedroom is spacious and features a 3-piece ensuite.  2nd bedroom is spacious and can double as an office.  The main floor has the advantage of being just a few steps to bring in your groceries.  The unit provides In-Suite laundry with room for storage.  The complex features the Edgecliffe Club which boasts an indoor pool, hot tub, steam room, exercise room and a social room with a pool table, fireplace, and kitchenette.  Fantastic location just minutes to Nose Hill Park, perfect for your outdoor walk, close to U of C, Children’s hospital, Market mall and public transit.

Tags:, , ,
Posted in Blog, Listings | Comments Closed

Just Listed: 132 Tuscany Hills Close NW

Thursday, February 11th, 2021

Just listed this awesome family home in Tuscany.

MLS # A1068881

For full details:  https://www.tswrealestategroup.com/for-sale/132-tuscany-hills-close-nw–61676623

 

Photos

Bright, beautiful family home in an excellent Tuscany location, walking distance to schools.  This move-in ready home offers an open concept, hardwood floors on the main and plenty of upgrades.   The living room is bright, open to the kitchen and features a gas fireplace for those chilly Calgary nights. The kitchen features a gas stove, breakfast bar, pantry, and dining nook.  Separate dining room offers mountain views.  Home is perfect for entertaining with the large deck, and the beautifully landscaped, large pie lot.  Upstairs you will find the bonus room offering a fireplace, vaulted ceilings, and mountain views. The primary bedroom offers a walk-in closet and a 4-piece ensuite with jetted tub.  Complete the upstairs with 2 additional bedrooms and main bath.  Professionally finished lower level with the fourth bedroom, full bath, and recreation room with wet bar.   Location is excellent, a quiet street, walking distance to schools, close to Sobeys, Starbucks, restaurants, public transportation, and parks.  The home features air conditioning and a sprinkler system.

Tags:,
Posted in Blog, Listings | Comments Closed

« Older Entries
Newer Entries »