October’s housing market conditions closely echoed previous month’s trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year. October sales and inventories totaled 1,467 and 6,463 units for a month of supply of 4.4. Several months of elevated supply in comparison to demand has weighed on pricing over the past several months. The city-wide unadjusted benchmark price in October totaled $438,900, 0.6 per cent below last month, but comparable to last year. “While economic activity has improved in 2017, it will take some time for this to translate into housing market growth. There have been employment gains, but most of this has occurred in areas with traditionally lower income,” said CREB® chief economist Ann-Marie Lurie. Click HERE for the full report provided by CREB.
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
housing market update
Your Calgary Connection real estate market update
Please do not hesitate to contact Doug, Susan or Kristen with any of your real estate needs. We are a family team serving Calgary for the past 40 years! www.penleymcnaughton.com
For the full details report and helpful links please click HERE.
Live inner city Calgary in Sunnyside in this 3bdrm detached home for under $600k!
This well maintained three bedroom character home in the heart of the sought after community of Sunnyside might be perfect for you! Enjoy new light fixtures, freshly painted flex room in the basement, spacious living rm with decorative mantle fireplace, updated electrical panel/ hot water tank/ furnace / humidifier, newer basement windows, updated baseboards on the main floor and passage doors, beautiful yard with deck -but most of all you will love your front sun room and views to the river and pathways from your balcony! No need for a car in this fabulous location but there is room for 5 vehicals in the front drive access. There is potential for building a garage if so desired as well. Walk to downtown, the Bow River bike and walking pathways ,Princes Island Park,McHugh Bluff,Calgary Curling Club, Sunnyside School, Safeway, Starbucks, Vendom café, trendy Kensington restaurants shops and Eau Claire market.Enjoy the benefits of the inner-city life-style. Do not miss this outstanding opportunity! 606 Memorial Dr NW $559,000. Contact Doug, Susan or Kristen for details www.penleymcnaughton.com. We are a family real estate team serving Calgary for 40 years!
Housing Market update for the month of September in Calgary
The Big Picture Inventory increases and sales drop in September, but overall sales for the year remain higher than last year. City of Calgary, October 2, 2017 – Strong gains in the first-half of 2017 has put the Calgary year-to-date sales at seven per cent above last years’ levels and 11 per cent below long-term averages, but challenges remain with easing sales and rising new listings. Doug, Susan and Kristen at Team Penley McNaughton have been living in and selling real estate in Calgary for 40 years. We are a family team who loves what we do. Please do not hesitate to contact us with any of your real estate needs. www. penleymcnaughton.com. For the FULL REPORT CLICK HERE.
Booooo – it's almost Halloween – check out where the fun will be in Calgary!
Halloween events start in September and go right through the beginning of November. We have options for adults and kids, events that are in town and out, experiences that are scary and some that are sweet. There’s so many to choose from: Heritage Park, Scream Fest, Fish Creek Park and the list goes on! Click HERE for all details. We are a family team who has lived and helped our clients buy and sell homes in Calgary and surrounding areas for 40 years. We love what we do and are here to help so please never hesitate to contact us with any of your real estate needs www.penleymcnaughton.com.
Housing recovery for Calgary a balancing act
City of Calgary, September 1, 2017 – Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated. Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties. While inventories were 16 per cent higher than August 2016 levels, the slight rise in sales prevented further gains in the monthsof-supply, which remain just above four months. For the FULL REPORT provided by the Calgary Real Estate board click HERE. Doug, Susan and Kristen are a Family real estate team serving Calgary and surrounding areas for 40 years! Please do not hesitate to contact with any real estate questions you might have. www.penleymcnaughton.com.
Mid year real estate forecast for Calgary
After the first half of the year, the economic climate in Alberta appears to be shifting from recession to recovery, with oil prices improving from monthly lows of $30 US per barrel last year to an expected average of $49 this year. While the shift is a welcome change, the pace of recovery is expected to be slow, as economic conditions are supporting stability rather than expansion. Click HERE for the full report from the Calgary Real Estate Board. Please do not hesitate to contact Doug, Susan or Kristen with any questions or if you would like an up to date evaluation of your home. We love what we do – serving Calgary for 40 years! www.penleymcnaughton.com
Calgary real estate market update – Housing recovery remains a work-in-progres
Market sees modest inventory gains, but overall prices inch up Jul. 2017. City of Calgary, August 1, 2017 – Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year. City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Year-todate sales activity totaled 11,957 units, nine per cent above last year. “Sales growth exceeded expectations so far this year. Clients were re-entering the market after delaying decisions until there were some signs of economic improvement,” said CREB® president David P. Brown. “However, this recovery will require patience. There continues to be many new and resale ownership options available. This reduces the sense of the urgency for many consumers.” … For the full report CLICK HERE. Please do not hesitate to Contact Doug, Susan or Kristen with any questions. We are a family team with RE/MAX serving Calgary for over 40 years! We love what we do! www.penleymcnaughton.com
Calgary real estate market update for the month of June
City of Calgary, July 4, 2017 – Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings.However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent higher than last year’s levels. Despite the recent shift in inventory this month, second quarter activity continues to demonstrate improved supply-demand balance and price stability. City wide benchmark prices totaled $441,500 in June. This is a 0.5 per cent gain over last month and nearly one per cent higher than last year. For the full report click HERE. Please do not hesitate to contact Doug, Susan or Kristen here at Team Penley McNaughton with RE/MAX Central. We love what we do and have been selling real estate in Calgary and surrounding areas for over 40 years. If you would like an update on what is happening in the surrounding areas of Calgary as well let us know and we will send it to you!
2017 RE/MAX Recreational Property Report
As real estate prices remain high in Canada’s urban centres, young families are looking for unique ways to finance their dreams of recreational property ownership. In a recent survey conducted by Leger, more than a quarter (28 per cent) of Canadians with children under the age of 18 indicated they would consider selling their primary residence in the city in which they live in order to purchase a cottage, cabin or ski chalet. Other options that these potential buyers are willing to consider include fractional ownership in a shared property, purchasing a recreational property with a friend or family member, and renting out the recreational property they purchase on a vacation rental website such as AirBnB. Click HERE for the full report. Do not hesitate to Call Doug, Susan or Kristen as we can connect you with the BEST possible real estate professional to help you find your dream recreational property almost anywhere in the WORLD! www.penleymcnaughton.com