Homes for sale

City of Calgary and Regional Monthly Statistics

Home prices down, but not out…
Calgary home prices continue to slide in most areas of the market, but not at the rate that many might expect. This is partly due to June’s resiliency in the detached and semi-detached sectors of the market, where sales compared to new listings and standing inventory started returning to more balanced levels.
“The detached market has been gradually moving towards more balanced conditions, helping to prevent price levels from declining at the faster rates we saw in the previous two quarters,” said CREB® chief economist Ann-Marie Lurie. “While this is welcomed news for sellers, it’s very likely that pricing challenges will persist in the housing market until economic conditions start to improve.”
Detached benchmark prices totaled $502,400, which is 0.4 per cent higher than last month, but 3.4 per cent lower than last year’s levels. This is the first time in eight months that detached prices recorded a monthly gain, helping ease the quarterly decline from 2.2 per cent in the first quarter to 0.7 per cent in the second quarter.
Overall sales activity remained relatively weak in June, falling by seven per cent to 2,028 units. Inventory levels went in the other direction and continued to climb in June to 5,973 units, 16 per cent higher than last year. Both the attached and apartment segments of the market have recorded inventory gains around 30 per cent, far greater than the year-over-year increase of five per cent in the detached sector.
Higher inventories and weaker demand continue to have a larger impact on pricing in the apartment and row sectors. June apartment prices slid by another 0.1 per cent over last month, pushing the average year-to-date benchmark price down 5.3 per cent below last year. Attached product experienced a monthly slide of 0.3 per cent, mostly due to steeper price declines in row style product.
“The price adjustments that we’ve seen in the past year have allowed some buyers to get into homes that were previously unattainable,” said CREB® president Cliff Stevenson. “This is especially true for homeowners with financial stability and a good amount of equity in their home. With so much choice out there, it’s giving consumers an opportunity to find their ideal home at a price they can afford.”

Click Here to view the full .pdf of the June 2016 City of Calgary Monthly Housing Statistics

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Click Here to view the full .pdf of the June 2016 Regional Monthly Stats Package

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Just Listed in the sought-after neighborhood, Sunnyside!

928 4A STREET NW – $749,000
Sunnyside is one of Calgary’s most desirable and sought-after neighborhoods. Pride of ownership is evident in this well maintained and upgraded home. Special features and renovations are numerous: open concept kitchen w/ granite, dual fuel stove/oven, several built in’s throughout the home allowing plenty of storage, West Bay window (overlooking adorable front porch) & East spacious balcony make this a bright sunny home, both bathrooms on upper level totally renovated (ensuite with sky lighting), comfortable master w/ vaulted ceilings & sliding doors to 2nd balcony w/ gorgeous views, upper level laundry, totally renovated lower level w/ rec room, wet bar & large Den and you will appreciate your double detached garage. One of the quietest streets in Sunnyside just 3 doors from a park, walk to Downtown, LRT, River Paths, Princes Island Park, Riley Park, shops & restaurants of Kensington Village. Click Here for the virtual tour!

Renfrew character home, renovated, suite potential, dble garage!

527 14 AVENUE NE – $469,000
Do not miss this opportunity to live inner city on a beautiful tree lined street in sought after Renfrew. This home is in superb condition with numerous upgrades and special features. Refinished hardwood flooring, stunning open concept white kitchen w/ stainless steel appliances, dble gas oven, plenty of storage, granite counter tops, spacious & bright master, walk in closet in 2nd bdrm,newer furnace and hot water tank, oversized dble garage (loft for extra storage), SOUTH facing backyard yard & much more. Charm & character has been maintained with some of the original unique details such as the fireplace, doors & door knobs, heating vents. Basement is large with potential for suite. Also, this well maintained home was originally built to provide a 2nd floor if so desired. Fantastic location: just minutes to downtown, walk to the park and schools & in a playground zone slowing the minimal traffic. Click here to view the virtual tour!
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Just Listed in the Beltline

#714 111 14 AV SE – $274,000

The “Richmond” – unbeatable value! A spacious and quiet 2 bedroom CORNER unit located on the TOP FLOOR of this well maintained building. Special features are numerous including: granite counter tops in kitchen and bathroom, freshly painted, tiled flooring, upgraded carpet, remodeled bath & kitchen, in suite laundry, convenient garbage chute, heated underground parking & condo fees including all utilities (there is a common party room with outdoor terrace which can be rented and is perfect for entertaining as well). You will enjoy your South facing balcony with sun room and fabulous view to the Stampede grounds and fireworks. Desirable location just steps to Stampede Park/Saddledome, 1st Street shops and restaurants, LRT, 17th Ave, Elbow river bike paths Talisman Centre and inside access to a convenience store. Inner city living at its finest with an easy and convenient lifestyle as well as an excellent investment!

CLICK HERE for a Virtual tour!

Just Listed in Hanson Ranch

4 bedroom, 3.5 bathrooms 2 Storey home – Do not miss this one! $485,000

Located in the quiet neighborhood of Hanson Ranch; this cozy 4 bedroom, 2 storey home with one of the largest yards on the block & a fully finished basement is not to be missed! Special features are numerous: beautiful hardwood floors, lots of light from large windows, open concept floor plan (excellent for entertaining), cozy gas fireplace, bright & spacious kitchen, lots of prep space & room for 2 cooks (plenty of storage & counter space), upgraded hood fan, built-in wine rack, pantry, bar style seating & large dining nook looking onto your yard. Master bedroom has 4pc ensuite; soaker tub/separate shower & walk-in closet. Lower level fully finished including large family room, 3pc bathroom & flex rm; perfect space for a nanny. Walking distance to grocery store, banks, liquor stores, Tim Hortons, 5 playgrounds/parks within walking distance, wildlife at ponds at base of the hill and school bus stop is just across the road. Easy commute via Beddington Trail/Deerfoot Trail, Stoney Trail, 14 ST & Shaganappi!
Click Here to view more photos! 

 
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Just Listed in Banff Trail

2820 MORLEY TR NW  $1,200,000

This home was transformed from a 4plex into a beautiful home w/ renovations showing meticulous attention to detail. Pride of ownership evident. Fantastic opportunity to have home based business or live up & rent potential of 2 suites down. Prior there were permits by the City for naturopathic treatment area w/owner occupancy on upper level (home based business w/ restrictions w/ usual bylaw implications). 2nd kitchen down. Zoned for M-C1 for multi family if so desired. Upgrades & special features are numerous:air conditioning,extensive electrical upgrades, 4 furnaces, oak flooring, open plan in kitchen w/ wood chop counters, Pro series hood fan, large sit-up island w/removable drawers, shaker doors/cupboards, spacious pantry, cozy centrally located fireplace, master w/ walk-in closet & huge walk in shower in ensuite, state of art security cameras, gas counter top stove, Cornice around ceilings w/ sculptured detailing 2 Romeo/Juliet balconies w/ French doors, fabulous rear private patio area and MUCH more! Click Here for more photos!
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Mission: great location, totally renovated, 672sf $219,000

#101 112 23 AV SW – $219,000

Mission a wonderful neighborhood to call home! Walk to downtown, recreation center, trendy restaurants, C-Train & all the numerous amenities this inner city community has to offer. Walking and biking paths just steps away – who needs a car (fabulous walk score). This lovely unit has had numerous renovations. Special features include: newer flooring ( Maple Wheat hardwood & ceramic tile) /kitchen counter-tops/ cabinets/black appliances. You will appreciate the sliding glass doors to your private outside patio area, in-suite laundry with newer upgraded washer/dryer, your parking stall is right outside your unit. Although the property is partially below grade- it has large windows allowing plenty of sunshine in this South facing unit into the kitchen and living room. This property is a wonderful place to call home or purchase as an investment (current tenants may consider staying if so desired). Do not miss this outstanding opportunity! Click Here to see more!DM-23rd Ave SW (1).jpg

Just Listed: Bridgeland townhouse 2 bed 2.5 bath double garage!

#114 28 MCDOUGALL CO NE – $529,000
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. Click Here for more photos and inf0.
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Housing prices trend down in March

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Home prices declined further in March as economic conditions weigh on Calgary’s housing market.
Calgary’s benchmark price totaled $442,800 in March, a 0.49 per cent decline over February and 3.51 per cent lower than levels recorded last year.
“With no improvement in the labour market, it’s no surprise that we continue to face downward pressure on housing sales activity and prices,” said CREB® chief economist Ann- Marie Lurie.
“Provincial unemployment rates are at the highest level recorded since the early ‘90s,” said Lurie, adding that Calgary’s unemployment rate in February rose to 8.4 per cent, which is higher than the provincial average of 7.9 per cent.
March home sales in Calgary totaled 1,588 units, 11 per cent below the same time last year and 28 per cent lower than long-term averages for the month.
Calgary also saw housing supply gains in most price ranges.
Inventory levels rose by seven per cent to 6,084 units in March.
Overall, months of supply has averaged five months in the first quarter of 2016.
“As we move into spring, we are starting to see more foot traffic at open houses and showings from potential buyers,” said CREB® president Cliff Stevenson. “For now, this activity hasn’t translated into improved sales in most segments of the market.” The apartment sector has been the hardest hit by the recent downturn.
After the first quarter of the year, apartment sales totaled 554 units, a 17 per cent decline over the same period last year. Apartment benchmark prices have been trending down since late 2014.
In March, benchmark apartment prices totaled $281,300, seven per cent lower than levels recorded prior to the slide and 4.93 per cent lower than levels recorded last year.
The detached and attached sector has also felt the brunt of Calgary’s weakening economy. Detached and attached home prices have dropped by four per cent from the recent peak.
“Homebuyers continue to wait and see if there are going to be further declines in home prices before making an offer,” said Stevenson.
“Timing the bottom of the market is proving to be quite a challenge in the housing market we are faced with now.”
Beginning next month, the monthly statistics will be separated into two packages in order to provide a more comprehensive analysis of the housing market.
One package will contain Calgary housing statistics and district information to show the activity within areas throughout the city.
The other package will show housing activity in areas surrounding Calgary and provide a more regional perspective.
 
Click on the link: March_2016 to view the full report.

Just Listed in Haysboro!

$228,500 – #1103 9800 SW HORTON RD SW

Two bedroom condo in a fabulous location! Enjoy entertaining in this well thought out floor plan. Galley kitchen, dining area and living room which opens onto your massive SOUTH facing balcony complete with stunning views. You will appreciate the abundance of natural sunlight, 2 spacious bedrooms and in-suite storage/laundry room. Concrete construction makes this a quiet home in this well managed 18+ Building. Condo Fees include extras such as: fitness room, sauna, social room, electricity, heat & water & underground heated parking stall. Walk to all amenities: Southland Crossing, restaurants, Safeway, TD Bank, shops, hair salon, bus & LRT.
Do not miss this outstanding opportunity!
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