Just Listed 1, 7 Blackthorn Bay NE Calgary

July 11th, 2019

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.

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Calgary Real Estate Market Snapshot July 1, 2019

July 2nd, 2019

What is really happening in the Calgary Real Estate Market?

Lets look at the number of months of Inventory AKA Absorption Rate

 

 

 Current Report: July 1, 2019

 A slightly new format this month and moving forward due to technology challenges with reading the graphs on a cell phone.  This should help.  New format shows all numbers first and then my comments.

 

Current Months of Inventory: 

Through June our Months of Inventory increased in all categories except Attached Row houses.   The only Substantial increase is in Apartment Condos which increased by 1.58, Attached Row decreased by .38

Interesting to note that Detached Homes and Semi- Detached homes are trending in a Balanced Market.  Attached Row Houses is in a buyer’s Market and Apartment Condos are still very much in a buyer’s market.

Calgary Listing Inventory

In June, our inventory rose in all Detached homes and Apartment Condos and we saw decreases in Semi Detached and Attached Row Houses.  Overall increase was just 74 listings so not substantial.

 Calgary Sales:

Sales for June decreased in all categories except Attached Row which increased only marginally.

The largest decrease was in the Apartment condo sector which decreased by 16.83%.  Overall sales decreased by 7.34% for the month.

 Sales Compared to 2018: 

In May we were 11.4% above last May’s sales.  In June we are 6.1% down from last year so things seem to be settling out a bit.

 Calgary Real Estate Sales Prices:

June saw price increases in Detached and Semi Detached and we saw decreases in Attached Row houses and Apartment Condos.  Note the price increases in the detached sector is being driven by homes under $500,000.  Which are moving very quickly.

Months of Inventory/Absorption Rate – What does this mean you might ask? It’s the inventory divided by the number of sales in the last month).

  **Please note that these numbers include only Calgary and do change on a community basis, and more so for towns.  This report does not include rural properties and does not consider differences in different price ranges.  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.

 

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Calgary Real Estate Market Snapshot: June 1, 2019

June 4th, 2019

What is really happening in the Calgary Real Estate Market?

 

If you are new to our Monthly Snapshot please scroll to bottom for explanation.

________________________________________________________________________ 

 

                                                  Current Report: June 1, 2019

 

Current Months of Inventory: 

More good news for the Real Estate Market this month.  All housing sectors decreased in the months of inventory with the highest decrease being in the Apartment Condo sector and a close 2nd for Semi- Detached. Of Special note both Detached Homes and Semi-Detached homes moved into balanced market territory.

 

End of April 2019 May 2019 Change
Detached 3.97 3.32 -0.65
Semi Detached 4.63 3.91 -0.72
Attached – Row 5.29 4.98 -0.31
Apartment 6.16 5.25 -0.91
Total City 4.57 3.89 -0.68

 

 Calgary Listing Inventory

In May, our inventory rose in all categories which is very normal for this time of year.

 

Inventory (End of) April 2019 May 2019 Change
Detached 3691 3921 230
Semi Detached 773 793 20
Attached – Row 1053 1100 47
Apartment 1546 1653 107
Total City 7063 7467 404

 

 Calgary Sales:

Sales for May increased in all sectors compared to April.   Sales increasing is again an expected change as we move into the spring market. The good news is that sales increases are outpacing listing inventory moving the entire market closer to balanced.

 

Calgary Sales  April 2019 May 2019 Change % Change
Detached 930 1182 252 27.10%
Semi Detached 167 203 36 21.56%
Attached – Row 199 221 22 11.06%
Apartment 251 315 64 25.50%
Total City 1547 1921 374 24.18%

 

 

***Sales Compared to last year***

In April our sales showed an increase over last April which is the first time in a few years that this has happened.  Hoping the trend continues.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2018 102% 82% 72% 80% 82% 89% 95% 93% 85.9% 89.9% 83.0 78.6
2019 83.8% 89.6% 97.1% 102.2% 111.4

 

 Calgary Real Estate Sales Prices:

May saw price increases in all sectors except Apartment Condos.  Being that apartment condos have the highest months of inventory of all sectors, this is an expected result.

  Sales Prices Apr 2018     Benchmark Price  May 2019   Benchmark Price Change
Detached 478,700 487,900 9,200
Semi Detached 395,300 397,700 2,400
Attached – Row 284,900 286,500 1,600
Apartment 250,400 248,200 -2,200
Total City 415,900 424,600 8,700

 

 

Sales Prices “Year to Date”  

This is a positive month as the Detached sector moved into positive territory for the year, Semi-detached are almost break even while apartment Condos and Row Houses still have a ways to go.

Sales Prices Jan 2019    Benchmark Price  May 31, 2019    Benchmark Price Change

$

% Change
Detached 481,400 487,900 6,500 1.35%
Semi Detached 397,500 397,700 200 0.05%
Attached – Row 288,400 286,500 -1,900 -0.66%
Apartment 251,500 248,200 -3,300 -1.31%
Total City 418,500 424,600 6,100 1.46%

 

  

Explanation of our Calgary Real Estate Market Snapshot.

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.

Months of Inventory:  If we did not list any more homes this is how many months it would take to deplete inventory.

Months of Inventory/Absorption Rate – 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

 

 **Please note that these numbers include only Calgary and do change on a community basis, and more so for towns.  This report does not include rural properties and does not consider differences in different price ranges.  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.

 

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Just Listed 312 Hampstead Way NW Calgary T3A 6E6

May 17th, 2019

Just listed this awesome home in the Hamptons.

MLS #C4274461

You Tube Video:  https://youtu.be/0Tlcu_QWnzc


PRICE REDUCED on this Beautiful 2542 Sq. Ft. 4-bedroom home in a great location backing onto a south green space.  Gleaming hardwood on main and upper floors. Upon entry you will be amazed with the grand entry, spiral staircase leading to your living room with open ceiling and large windows providing plenty of natural light.  Main floor also boasts den-office, kitchen with a 3-sided fireplace, open to family room. Step onto the 12 x 19 deck with gorgeous open views of the green space making home perfect for entertaining.  Yard extensively landscaped with retaining wall, Waterfall & Pond, and mature decorative trees. Upstairs you will find hardwood, 3 large bedrooms and the master featuring a 4- piece ensuite with corner jetted tub and a massive walk-in closet.  Down is fully developed with 2 bedrooms and boasts in-floor heating and new carpet.  Large Rec room with corner gas stone fireplace. Main, Upstairs and large down windows replaced in 2018. Oversized garage.

To View entire listing click here

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Calgary Real Estate Market Snapshot – May 1, 2019

May 2nd, 2019

What is really happening in the Calgary Real Estate Market?

Current Months of Inventory: 

Good news for the Calgary Real Estate Market.  Three months in a row we have a trend with the months of inventory decreasing. April saw all sectors decrease with the largest decrease in Apartment Condos which decreased by 1.71 months.  Detached and Attached-Row houses.  Noteworthy is that Detached homes are nearing a balanced market again.

End of Mar 2019 Apr 2019 Change
Detached 4.15 3.97 -0.18
Semi Detached 5.32 4.63 -0.69
Attached – Row 5.44 5.29 -0.15
Apartment 7.87 6.16 -1.71
Total City 4.96 4.57 -0.40

 

Calgary Listing Inventory

In April, our inventory increased in all categories except Semi-Detached which saw a small decrease.  This increase is totally expected as we starting to enter the spring market.  If the increase is balanced with an increase in sales the market will continue to get healthier.

Inventory (End of) Mar 2019 Apr 2019 Change
 Detached 3393 3691 298
Semi Detached 787 773 -14
Attached – Row 947 1053 106
Apartment 1488 1546 58
Total Calgary 6595 7063 468

 

Calgary Sales:

Sales for April increased in all sectors compared to March.   Sales increasing is again an expected change as we move into the spring market. The good news is that sales increases are outpacing listing inventory moving the entire market closer to balanced.

Calgary Sales  Mar 2019 Apr 2019 Change % Change
Detached 818 930 112 13.69%
Semi Detached 148 167 19 12.84%
Attached – Row 174 199 25 14.37%
Apartment 189 251 62 32.80%
Total City 1329 1547 218 16.40%

 

 ***Sales Compared to last year***

In April our sales showed an increase over last April which is the first time in a few years that this has happened.  Hoping the trend continues.

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2018 102% 82% 72% 80% 82% 89% 95% 93% 85.9% 89.9% 83.0 78.6
2019 83.8% 89.6% 97.1% 102.2%

 

Calgary Real Estate Sales Prices:

April saw a small increase in prices in all sectors except for Apartment Condo’s which decreased by only $200.

  Sales Prices Mar 2018     Benchmark Price  Apr 2019   Benchmark Price Change
Detached 475,800 478,700 2,900
Semi Detached 391,000 395,300 4,300
Attached – Row 284,900 284,900 0
Apartment 250,600 250,400 -200
Total City 413,900 415,900 2,000

 

Sales Prices “Year to Date”  

Although prices are up a little in April, we have some catch up to do as the earlier months saw losses.

Sales Prices Jan 2019    Benchmark Price  Apr 30, 2019    Benchmark Price Change

$

% Change
Detached 481,400 478,700 -2,700 -0.56%
Semi Detached 397,500 395,300 -2,200 -0.55%
Attached – Row 288,400 284,900 -3,500 -1.21%
Apartment 251,500 250,400 -1,100 -0.44%
Total City 418,500 415,900 -2,600 -0.62%

  

Explanation of our Calgary Real Estate Market Snapshot.

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.

Months of Inventory:  If we did not list any more homes this is how many months it would take to deplete inventory.

Months of Inventory/Absorption Rate – 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

  

**Please note that these numbers include only Calgary and do change on a community basis, and more so for towns.  This report does not include rural properties and does not consider differences in different price ranges.  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.

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Just Listed 4872 Vandoos Place NW Calgary

April 19th, 2019

Outstanding opportunity in Varsity Acres

View our video tour here 

MLS C4240963 – See Full Details

Location! Location! Location!  Bungalow situated on a quiet Cul-De-Sac with green space in front, a huge 762 sq. m. pie lot on one of the nicest streets in Varsity.  Well-maintained home has good bones and offers an opportunity to get into highly sought-after Varsity.  Features an L shaped LR/DR and a wood fireplace.  Main offers the kitchen, large master bedroom with 2-piece ensuite & 2 additional bedrooms.  Downstairs updated with flooring and large newer windows.  Boasts a large Rec Room, bedroom with walk in closet, 3-piece bath, laundry area and storage room/workshop.  Tons of room to play in your yard that features an oversized double garage (furnace as-is), RV parking pad, 2 sheds, firepit and a dog run.  Updates to the home include a new hot water tank, furnace (2018), Central Air and updated electrical panel.  Also includes Vacuum System, Water softener and a paved lane.  Excellent quiet location with only an 13-minute walk to LRT and minutes to Market mall.

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Just Listed 107 Shawglen Rise SW

April 15th, 2019

Just listed this fantastic starter home/investment property.

View You tube Video here 

MLS # C4239095

More Details or Book a viewing here 

Bright Bungalow located across from a large park and playground. Great Starter home or investment property. Living room features vaulted ceilings with lots of windows for natural light. Separate Dining room.  Laminate flooring through living room, dining room and kitchen.  3 Bedrooms up with the master featuring a 2-piece ensuite.  Functional kitchen with dining nook. Downstairs features a large open rec room, and bar area along with a 4th bedroom with a large window, a 3-piece bath and loads of storage.  Shingles replaced in 2013 and high efficiency furnace in 2012.  As a bonus you get a large Sunroom.  Rear yard features a maintenance free deck, along with room to park 4 vehicles or to add a garage in future.  Back lane is paved.  Location is fantastic with an 11-minute walk to LRT and less to shopping or movies.

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Calgary Real Estate Market Snapshot – April 1, 2019

April 2nd, 2019

What is really happening in the Calgary Real Estate Market?

2 year trend of months of inventory for the Calgary Real estate Market.

If you are new to our Monthly Snapshot please scroll down for my explanation.

 Current Report : April 1, 2019

Current Months of Inventory: 

Good news for the Calgary Real Estate Market.  Two months in a row we have a trend of the months of inventory decreasing. March saw all sectors decrease with the largest decrease in Semi-Detached and Attached-Row houses.  Noteworthy is that Detached homes are nearing a balanced market again.

End of Jan 2019 Feb 2019 Change
Detached 5.04 4.15 -0.89
Semi Detached 6.63 5.32 -1.31
Attached – Row 6.98 5.44 -1.54
Apartment 8.73 7.87 -0.86
Total City 6.03 4.96 -1.07

Calgary Listing Inventory

In March, our inventory increased in all categories.  This increase is totally expected as we starting to enter the spring market.  As long as the increase is balanced with an increase in sales the market will continue to get healthier.

Inventory (End of) Jan 2019 Feb 2019 Change
 Detached 2987 3393 406
Semi Detached 689 787 98
Attached – Row 908 947 39
Apartment 1301 1488 187
Total Calgary 5885 6595 710

 

Calgary Sales:

Sales for March increased in all sectors compared to February.   Sales increasing is again an expected change as we move into the spring market. In my opinion the % increase is quite substantial with an overall increase over February of 36.2%.

Calgary Sales  Jan 2019 Feb 2019 Change % Change
Detached 593 818 225 37.94%
Semi Detached 104 148 44 42.31%
Attached – Row 130 174 44 33.85%
Apartment 149 189 40 26.85%
Total City 976 1329 353 36.17%

 

***Sales Compared to last year***

In March our sales were 97.1% of last years sales so a decrease of 2.9%.  I am also starting to see and hear from clients who are getting ready to take advantage of the low prices which may kickstart things a little.  Of interest we are also starting to see competing offers again.

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2018 102% 82% 72% 80% 82% 89% 95% 93% 85.9% 89.9% 83.0 78.6
2019 83.8% 89.6% 97.1%                  

 

Calgary Real Estate Sales Prices:

March saw a small decrease in prices in Semi-Detached and Apartments while Detached and Attached Row houses showed slight increases in prices.

  Sales Prices Jan 2018     Benchmark Price  Feb 2019   Benchmark Price Change
Detached 475,600 475,800 200
Semi Detached 392,500 391,000 -1,500
Attached – Row 284,600 284,900 300
Apartment 252,300 250,600 -1,700
Total City 414,400 413,900 -500

 

 Sales Prices “Year to Date”  

Sales Prices Jan 2019    Benchmark Price  Feb 1, 2019    Benchmark Price Change

$

% Change
Detached 481,400 475,800 -5,600 -1.16%
Semi Detached 397,500 391,000 -6,500 -1.64%
Attached – Row 288,400 284,900 -3,500 -1.21%
Apartment 251,500 250,600 -900 -0.36%
Total City 418,500 413,900 -4,600 -1.10%

 

 Explanation of our Calgary Real Estate Market Snapshot.

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.

Months of Inventory:  If we did not list any more homes this is how many months it would take to deplete inventory.

Months of Inventory/Absorption Rate – 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

  

**Please note that these numbers include only Calgary and do change on a community basis and more so for towns. This report does not include rural properties and does not take into account differences in different price ranges.  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.

Courtesy of TSW Real Estate Group

Gord Piper & Brent Wilcox

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Federal Budget Programs for first time home buyers – March 2019

March 20th, 2019

Thanks to our Mortgage Broker Bob Alexander for summarizing the announcements made in the Federal Government Budget.  From what I understand this is the high level as all the fine details have yet to come out.  If the Liberals are re-elected in October these are the changes you may see.  In my humble opinion they are not giving anything big – just lending you some money towards your mortgage.

Here is Bob”s Summary

The Federal Government announced several incentives in the new 2019 budget that affect the Canadian housing market. These changes should help with first time home buyers as summarized below:
This announcement of a new CMHC First-Time Home Buyers Incentive Plan represents a shared equity mortgage program that would give eligible first-time home buyers the ability to lower their borrowing costs by sharing the cost of buying a home with CMHC.

The incentive would provide funding (equity sharing) of up to five percent of the purchase price of an existing home, or 10 percent of a newly constructed home. No ongoing monthly payments are required. The buyer would repay the incentive when they sell their home.

For example, if a borrower purchases a $400,000 home with five per cent down and a five per cent CMHC shared equity mortgage ($20,000), the size of the borrower’s insured mortgage would be reduced from $380,000 to $360,000, helping to lower the borrower’s monthly mortgage payment. This would make it easier for Canadians to buy homes they can afford.

The program limits eligibility to households earning a maximum of $120,000 annually, and lets them borrow no more than four times their annual household income. This limits a home purchase to roughly $505,000. This Incentive Plan will be discussed more fully in the next few weeks, but it is not expected to begin until the fall of 2019.

Also of note is an increase in the eligible RRSP withdrawal amount through the Home Buyers’ Plan (HBP). Previously $25,000, this has been increased to a maximum to $35,000.

The budget included a lengthy defense of the current stress tests but does suggest that adjustments may be made in future.

I hope this commentary helps explain these new incentives and if not, please feel free to contact me!
Article courtesy of:
Your Mortgage Doctor
Bob Alexander, B.Comm, CMA, AMP

Phone: 403-875-5270
Email: bob@mortgagedoctors.ca
www.mortgagedoctors.ca

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Just listed Penthouse Condo

March 10th, 2019

Located at 411, 345 Rocky Vista Park – 9 minute walk to Ctrain Station

MLS # C4232477

You Tube Video:

You Tube https://youtu.be/DAYUd9FsWNA

Only $260,000

 

Bright open top floor unit in the Pavilions of Rocky Ridge.  Large Windows, Vaulted ceilings and gorgeous city views set this penthouse unit above others.  Exceptional layout with bedrooms on opposite sides for added privacy. Kitchen has been updated with granite, back splash and features eating bar and is open to living room.  Living room features vaulted ceilings, a gas fireplace and access to your deck and extra storage room.  Master Bedroom features a 3-piece ensuite with upgraded granite and back splash, and a large walk in closet.  Second bedroom is a good size.  Includes Titled Parking stall with an additional storage locker in front. The complex features lots of Visitor parking, secure bike storage, Exercise room, Games room, Theater, Salon, Tennis courts and more.   Super location with only a 9-minute walk to Tuscany LRT Station.

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