Prices steady, but struggles in Alberta economy weighs on housing. Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Supply levels have not adjusted to the weaker demand environment, and that is preventing price recovery. improved enough to offset the impact of changes in the lending -Marie Lurie. For the full report supplied by the Calgary real estate board please click HERE. Continue reading →
housing market update
4bdrm Scenic Acres home for sale in Calgary – minutes from the LRT
223 Scenic Way NW, Calgary $470,000. This former show home exudes pride of ownership and offers the best value in Scenic Acres! Perfect for entertaining this family home has sunshine on all levels (3rd level features an office and family room, it is cool in the summer and comfortably warm in the winter – you’ll enjoy the cozy fireplace in the winter months). The Lower level offers plenty of room for storage and a workout area if you choose. Numerous upgrades have been completed in this well maintained home over the years making it easy for you to just move in: New carpet, shingles, siding, outer walls, insulation in attic, windows, Hunter Douglas blinds, furnace & hot water tank & painted throughout. Upgrades in the kitchen include: newer counter tops, backsplash, appliances &tile. Ideally located in a quiet and friendly neighbourhood near bike paths, play grounds, schools, shopping and quick access to LRT! Don’t miss this outstanding opportunity.
Want to live mintues from the beautiful Bow River in Calgary?
5, 140 Point Dr NW, Calgary $385,000. Perfect for the first time home buyer or investor-Pride of ownership is evident in this superb inner city town home located just minutes’ walk to the river & pathway system. Numerous special features include: newer hot water tank ,neutral color scheme, wood burning fireplace in living rm w/sliding doors exiting onto lovely private fenced patio/yard w/large new deck to enjoy, newer kitchen appliances,durable “espresso” laminate flooring, reno’s bathrooms (main bath w/soaker tub),2 bedrooms + den/spare room/office w/ French doors, spacious master w/large closet, custom built closets & insulated attached garage w/new door. Highly desirable location w/close proximity to downtown, reputable schools, hospitals,Kensington, Market Mall, Riverside gym w/pool, Riverside Golf Centre, bike paths, park, tennis courts & local small businesses (bakery, icecream, restaurant, wine store-all within walking distance).Fantastic sense of community-a beautiful neighbourhood which is central yet not in the middle of downtown. Continue reading →
Calgary housing market inventory on the rise
As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market. First quarter sales totaled 3,423 units, nearly 18 per cent below last year’s levels and 24 per cent below long-term averages. Easing sales and modest gains in new listings caused inventories to rise and months of supply to remain above four months. “Economic conditions are slowly improving, but it has not been enough to outpace the current impact of higher lending rates and more stringent conditions,” said CREB® chief economist Ann-Marie Lurie. For the full report provided by the Calgary Real Estate Board click HERE. Continue reading →
Calgary housing market prices hold, but sales fall…
Residential home sales declined in February, but a decline in new listings helped keep prices steady this month. Sales totaled 1.094 units in February, 18 per cent below last year’s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages. For the full report click HERE.
We are a family real estate team who has been serving Calgary since 1977 and we love what we do and where we live! Please do not hesitate to contact Doug, Susan or Kristen with any real estate questions. www.penleymcnaughton.com
A rare find in Thorncliffe, Calgary – 5bdrm +den just listed!
5013 Centre A ST NE $695,000. Don’t miss this outstanding opportunity! With over 2766 sq ft of living space, this 5 bdrm plus a den) semi detached home w/ a fully finished WALK OUT basement w/ separate entry) might be perfect for you.Numerous special features include: Vaulted ceilings & large windows making the open concept living/kitchen area a bright space to relax or entertain. Kitchen w/ stainless steel appliances, granite counters, maple cabinets, walk-in pantry, breakfast bar & cozy fireplace. Exit kitchen onto your deck that you’ll enjoy BBQ’s on come summer (desirable West facing yard, fenced & dbl garage). Convenient main flr Den which could be utilized as yet another bdrm if so desired. Luxurious master w/ 5 pc ensuite (soaker tub), 2 spacious bdrms & upper fl laundry. The lower level comes w/ fully equipped 2nd kitchen,2 additional bdrms w/ Jack & Jill 4pc bath & separate laundry & ample storage. Well situated: Quiet/mature neighbourhood, across from a park,close to schools, Nose Creek Trails, easy access to Downtown,transit & much more!
We are a family real estate team who has been serving Calgary since 1977 and we love what we do and where we live! Please do not hesitate to contact Doug, Susan or Kristen with any real estate questions. www.penleymcnaughton.com
Your opportunity to own an upscale townhome in Bridgeland – inner city Calgary
Live in the historic inner city community of Bridgeland! Pride of ownership is evident in this well maintained home perfect for the urban professional. A well thought out floor plan perfect for entertaining and a convenient “dual” master bedroom layout. You will appreciate numerous special features such as: hardwood flooring, quartz counter tops throughout, stone backsplash, gas range, central air-conditioning, heated flooring in BOTH bathrooms, built-in custom shelving in both bedroom closets, upper level laundry, spacious South facing balcony with natural gas for BBQ, Espresso 2″ Faux Blinds throughout & the lower level includes an attached tandem-style double garage with plenty of extra storage. A stylish home in a fabulous location! Bridgeland offers some of Calgary’s best restaurants, diners, shops, cafes ,Bow River Pathway system steps away & just minutes from downtown with easy access from Memorial drive.
Please do not hesitate to contact Doug, Susan or Kristen with any real estate questions. We are a family real estate team who has been serving Calgary since 1977 and we love what we do and where we live! www.penleymcnaughton.com
2018 Forecast for real estate in Calgary
Housing market conditions are expected to remain relatively unchanged in 2018, as the impact of higher lending rates and stricter lending criteria are offset by modest improvements in the economic climate. Recent changes may have prolonged the recovery period in our market, but it is not expected to completely derail the transition. Full the full report click HERE.
Please do not hesitate to contact Doug, Susan or Kristen with any real estate questions. We are a family real estate team who has been serving Calgary since 1977 and we love what we do and where we live! www.penleymcnaughton.com
Totally updated Character home in Renfrew, Calgary just listed!
Updated character home on a quiet street lined with beautiful mature trees. Upgrades in this well maintained home are numerous: newer windows & doors on the main floor, Hardy siding, radiant acoustic insulation, Brazilian walnut hard wood flooring throughout main level, tiled shower, double sinks & “Marbu” counters, kitchen w/ mosaic tile backsplash, stainless steel appliances (gas stove & built-in microwave), custom blinds (black outs in bdrm’s), cedar fence & deck/ furnace/hot water tank all replaced in 2014. Some of the special features you will appreciate are the abundance of storage in the kitchen (spacious pantry), main floor laundry, spacious mudroom at the side entrance, the fully finished basement with media area and office nook. Huge private yard perfect for your favorite pet and play area for children located on a desirable corner lot. Fantastic location close to downtown, schools, parks and every convenient amenity that inner city living has to offer.
1101 Regent Cres NE Calgary, AB $515,000. Please do not hesitate to contact Doug, Susan or Kristen with any questions. We are a family real estate team who has been serving Calgary since 1977 and we love what we do! www.penleymcnaughton.com.
Your informative Calgary real estate market update!
Please contact Doug, Susan or Kristen with any of your real estate concerns. We are a family real estate team that loves what we do and have been serving Calgary and surrounding areas for 40 years! www.penleymcnaughton.com
Click HERE for the full report! 