Just listed this awesome condo.
MLS Listing: A1241674
View all details and photos here: https://www.tswrealestategroup.com/for-sale/202-1309-14-avenue-sw–77137794
At TSW Real Estate Group we take our business seriously and understand that the more education we have the better we are able to Serve our Clients. We are happy to announce that all Agents with TSW Real Estate Group have now received the following 2 new Designations.
This adds to our list of current Designations:
Just listed: 104, 19 Everridge Square SW Calgary T2Y 5J6
MLS A1024857
List Price: $195,000
Outstanding opportunity for Investor or first time home buyer.
Amazing open concept living, enjoy this ground floor unit is located close to schools, playground, transit and shopping. Features a spacious open layout from Kitchen to Living room. Excellent Value in this spacious unit with low condo fees. Easy access to backyard through patio doors. Kitchen features breakfast bar, pantry and newer stainless-steel stove and microwave. Spacious Master bedroom. Second bedroom could be used as a home office. Offers Insuite laundry with storage and parking stall directly in front of unit. In floor heating unit replaced aprox 2 years ago. Condo fees only $228. Month. Pet friendly with board approval.
The Alberta government changed the Condominium act which became law in Jan 2020. If you own your condo there are a few key points that you need to know.
Insurance: Effective Jan. 1, 2020, condominium corporations will be able to seek recovery of the deductible portion of the corporation’s insurance claim — up to a maximum of $50,000 — from a condo owner for any damage that originates in their suite or private area.
“That means that if something happens in the unit and it’s not your fault — the toilet explodes, there’s water loss, water damage goes through to the floors below — and there’s a $50,000 deductible or a $25,000 deductible, the owners are now responsible for the deductible,”
Why this is critical now is that insurance rates for Condo Corporations has skyrocketed and so many boards are increasing their deductible.
Recommended Action
Insurance tip: When talking to your insurance company also make sure your policy covers any renovations that have been done to your unit as the standard insurance policy normally covers only original finishing.
Condominium Documents
The other large change is that the government has put a cap on the cost for owners to obtain documents. This only becomes relevant when you go to sell but at that time it will save you some money.
We are proud to present this fully renovated townhouse in Thorncliffe.
List Price Only $230,000
C4257947
View You Tube video at https://youtu.be/RLEg9EYeen8
Pet friendly, fully Renovated, 3-bedroom, 1081 Sq. Ft. Townhouse in Thorncliffe. Upon entry this townhouse will amaze you. New renovations include the Kitchen with new custom cabinets, quartz countertops and Stainless-Steel appliances. Both Bathrooms have been redone from top to bottom. In the last several years the following were replaced: Windows, hardwood flooring in living room and kitchen, furnace, fence and porch with Trex composite decking. Upstairs features 3 good sized bedrooms and the main bath. Downstairs is awaiting your finishing touches. Yard is fully fenced allowing room for your pet to roam. Location is great as it allows easy access to Deerfoot and a quick commute to Downtown and is only a 2 min walk to the Thorncliffe Off Leash dog park. Close to Transit, Schools and plenty of shopping. Condo fees are only $80.00 month.
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
The good news part of the stats show that sales rose by 25.6% over Febuary while the inventory rose by only 22.5% keeping the balance similar. The Absorption rate for all categories decreased slightly except apartment condos which increased by .47
End of | Feb 2018 | Mar 2018 | Change |
Detached | 3.74 | 3.61 | -0.13 |
Semi Detached | 5.05 | 4.70 | -0.35 |
Attached – Row | 5.86 | 5.77 | -0.08 |
Apartment | 7.24 | 7.72 | 0.47 |
Total City | 4.76 | 4.64 | -0.12 |
Calgary Listing Inventory
In March, our inventory increased in all Sectors. This is totally expected at this time of year. This trend is anticipated for the next few months.
Inventory | Feb 2018 | Feb Mar 2018 | Change |
Detached | 2456 | 3063 | 607 |
Semi Detached | 540 | 677 | 137 |
Attached – Row | 779 | 941 | 162 |
Apartment | 1427 | 1690 | 263 |
Total City | 5202 | 6371 | 1169 |
Calgary Sales: For me this is the category that is concerning. Sales numbers all increased for March which is a normal trend. What you cannot see here is that sales for the first three months are below last years sales by 18% which is substantial. Some things that might be affecting sales include:
As I have predicted in the past I believe it may take 6 months total for the mortgage rules to settle out before we start seeing more normal sales numbers.
Calgary Sales | Feb 2018 | Mar 2018 | Change | % Change |
Detached | 657 | 848 | 191 | 29.07% |
Semi Detached | 107 | 144 | 37 | 34.58% |
Attached – Row | 133 | 163 | 30 | 22.56% |
Apartment | 197 | 219 | 22 | 11.17% |
Total City | 1094 | 1374 | 280 | 25.59% |
Calgary Real Estate Sales Prices:
Prices in March showed very little change for all categories.
Sales Prices | Feb 2018 Benchmark Price | Mar 2018 Benchmark Price | Change |
Detached | 502,800 | 503,800 | 1,000 |
Semi Detached | 418,800 | 418,800 | 0 |
Attached – Row | 295,400 | 297,600 | 2,200 |
Apartment | 256,400 | 257,100 | 700 |
Total City | 434,300 | 435,600 | 1,300 |
Sales Prices “Year to Date”
Sales Prices | Jan 1, 2018 Benchmark Price | Mar 2018 Benchmark Price | Change
$ |
% Change |
Detached | 499,600 | 503,800 | 4,200 | 0.84% |
Semi Detached | 416,600 | 418,800 | 2,200 | 0.53% |
Attached – Row | 299,500 | 297,600 | -1,900 | -0.63% |
Apartment | 257,700 | 257,100 | -600 | -0.23% |
Total City | 433,200 | 435,600 | 2,400 | 0.55% |
**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.
Ideal for first time buyer or investors, reduce your commute time, just steps to Tuscany LRT. This bright beautiful home features an open concept, newer appliances, and newer paint, Hunter Douglas Blinds, Vacuum System and Water Filtration System. On the main floor you will enjoy the cozy living room, dining room and a spacious kitchen that boasts plenty of counter/cabinet space and a breakfast bar. Main floor also features a 2 piece bath and a door to your patio and fenced back. Upstairs you will find 2 spacious bedrooms both with ensuite baths and one with a walk in closet. The basement is perfect for laundry and storage and leads into your oversized garage with plenty of room for additional storage. Location is ideal, just steps to the Tuscany LRT Station. Enjoy the many amenities provided in Tuscany with walking paths, ravine, and excellent transit access, Sobeys, Schools and only a 5 minute drive to crowfoot for your larger shopping trips.
Check out our new listing in the Pavilions at Rocky Ridge
MLS Listing C4103289
Price: Only $254,500
Stunning, renovated 2 bedroom, 2 bathroom Apartment Condo in the Statesman’s Pavilions at Rocky Ridge. Layout is fantastic with the bedrooms on opposite sides. Features new laminate flooring, fresh paint and more. Kitchen offers plenty of cabinets, good counter space and a breakfast bar. Living room features a corner gas fireplace and a door leading to your patio. Master bedroom features an ensuite bath and walk in closet. Unit offers in suite laundry and a separate storage room. Amenities are plentiful and include including Salon, Spa, Gym, Movie Theatre, Games/Billiards Room, Outdoor Basketball and Beach Volleyball. Located only minutes to the Tuscany LRT station. Don’t forget the heated underground titled parking, Bike storage room, Walking trails and plenty of Visitor parking. This home is move in ready!