November 2013 Monthly Real Estate Market Snapshot

October 31st, 2013

Want 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

Search MLS on your mobile: Download our App at : http://apptechsolution.co/gordpiper

 

Excellent Investment, Fantastic Townhouse for only $279,900

October 17th, 2013

Pride 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

 

 

001 - Open2view ID3786 - 1105_800 Yankee Valley Blvd22a003 - Open2view ID3786 - 1105_800 Yankee Valley Blvd

October 2013, Calgary Real Estate Market Snapshot

September 30th, 2013

Want 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

September 19th, 2013
  Bruce asked if we would pass this on and I think its fantastic.                    Special Meeting Notice: Sunday, September 22nd.
What if the June floods occur again next     year  – and are worse?


FORUM FOR A FLOOD FREE CALGARY            “How to Prevent or Minimize the Risk of Future Floods”
In a city that has experienced the recent flooding crisis, the opportunity     to meet, discuss, question and impact future policy development related to     flood control is essential. To ensure the citizens of Calgary are informed     and can have meaningful input into policy development, the Calgary     Leadership Forum have assembled a faculty of world class experts     speaking to our Mission “How to Prevent or Minimize the Risk of Future     Floods” and avoid the nightmare scenario – ‘What if it happens again next year?’
The Forum will be convened by Mr. Richard Westbury C.     Geologist,
FRGS, and Consulting Geologist who has     world-wide experience.

Faculty Experts Include:

– R. W. (Bob) Sandford, Director of the Western Watersheds     Climate
Research Collaborative and Associate Centre for Hydrology – Global     Water
Institute at the University of Saskatchewan, EPCOR Chair, and the     Canadian
Partnership Initiative in Support of United Nations “Water for     Life” Decade.
– Dr Jerry Osborn     P.Geol., University of Calgary, Dept. of Geology, FRGS,
Consulting Geologist, Historical storm     flooding

– David Hill, Director Centre Institute Research Advocacy University
of Lethbridge – Water Basin Measurement Management
– Emma Hays – Chair, Calgary River Communities Action Group

Also Invited
– City of Calgary – Flood Committee
– Province of Alberta – Prov. Advisory Panel on Community Flood     Mitigation
Representatives from the City of Calgary, The Province of Alberta     will also
be in attendance.

This free public forum will be held on September 22nd, 2013 at
The Croation Cultural Centre, 3010-12th Street N.E., Calgary.

The agenda for the forum is:
12:00 – 1:00 p.m.     – Registration and Meet and     Greet
1:00 – 3:30 p.m.     – Faculty     Presentations
3:30 – 4:30 p.m.     – Public Q & A     /Discussion
4:30 – 5:00 p.m.     – Plan of Action &     Wrap Up

You can     pre-register at:        floodfreecalgary.eventbrite.comor RSVP     to:     https://www.facebook.com/#!/events/167650836763248/


A Proceedings Report with recommendations  ill be prepared and presented to Governments and Flood committees.

The Calgary Leadership Forum is a 1600 member non-partisan think tank,     dedicated to improving the quality of life for the citizens of Calgary, for     this and future generations. The Flood Forum Committee is being     chaired by Dennis Little 

I would greatly     appreciate if you would pass this on to friends and     colleagues who might benefit hearing this information in order to be     better prepared for the next flood or natural disaster.
Best regards,
Bruce

Bruce Lee

403 – 241 – 6212Speaker, Strategist,     MC

bruceleespeaker@shaw.ca

www.bruceleespeaker.comStretching     Performance & Maximizing Productivity

 

4 Royal Birch Mount Calgary Ab. T3G 5W9

September 11th, 2013

Excellent 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

 

001 - Open2view ID3666 - 4 Royal Birch Mt_ (1) 28d

 

 

 

 

 

 

 

 

Check out the full video tour here: https://www.youtube.com/watch?v=-xZ3uINZQF8

Sept 2013 Calgary Real Estate Market Snapshot

September 2nd, 2013

Want 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

August 21st, 2013

Just 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 C3582196002 - Open2view ID3608 - 5112 Brisebois Drive NW 006 - Open2view ID3608 - 5112 Brisebois Drive NW 008 - Open2view ID3608 - 5112 Brisebois Drive NW

 

CMHC Housing Market Outlook – Calgary

August 16th, 2013

This 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

August 1st, 2013

Want 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.

 

116 Silver Springs Drive NW, Calgary Alberta T3B 3G4

July 22nd, 2013

A little sweat equity will go along way here! MLS listing C3578405

Opportunity knocks, original solid bungalow in the desirable mature community of Silver Springs.   This 3 bedroom, 3 bath bungalow comes with a double garage and is ready for your decorating ideas.  Located close to Silver Springs park and tennis courts, Silver springs plaza and transit.  Upstairs you will find the L shaped living http://www.phpaide.com/forum.php?langue=fr room & dining room, Kitchen, bath, master bedroom with ensuite and 2 other bedrooms.  Downstairs you will find a large recreation room with wet bar, pool table (included), library, bedroom and 3 piece bath.   Furnace, HWT and shingles were replaced around 2008.   Complete video tour avail at:

http://www.youtube.com/watch?v=EXgyoe-R2AQ

001 - Open2view ID3495 - 116 Silver Springs Dr025 - Open2view ID3495 - 116 Silver Springs Dr