This well maintained upgraded bungalow exudes character & is located on a quiet street close to numerous amenities. Appreciate the spacious main floor with a master featuring a large walk-in closet with laundry & the nursery is cozy with in-floor heat. The renovated spa bathroom offers in-floor heat the skylight & new window add extra light. Enjoy relaxing in your bright sunny living room with a gas fire place. Exit the open concept kitchen through double sliding doors to a large resurfaced deck. The back yard features an oversized double garage with high ceilings, wood burning stove -a dream workshop. A large R-C2 lot accommodating a parking pad & a special shed for your recreation vehicles & covered area along the garage for garden tools. Garage and shed feature hardy board. Lower level is perfect for a guest suite ,3 piece bath w/a new window in the bedroom plus plenty of storage space. Just a few short blocks to the Bow River, Bowness Park, schools, playgrounds & bus stops. Do not miss this opportunity! Just $459,900 click HERE to view virtual tour.
remax real estate central
Live in the heart of Airdrie for just $199000!
Incredible top floor condo with 2 bdrms + den, 2 bathrooms and titled underground parking! Bright and sunny open concept living space including kitchen with stainless steel appliances, granite countertops & breakfast bar. The dining area accommodates a large dining table if so desired and generous living room. Spacious master with ensuite (oversized dbl shower) and walk in closet. You will appreciate your West facing balcony which is perfect for entertaining & allows sunshine year round. Easy access to all amenities. Walking distance to numerous amenities such as: public transit, groceries, restaurants (such as Hayloft), bakery, doctor’s office, pharmacy, day care & much more. Affordable condo fees and fabulous quiet Airdrie location – the perfect investment, property to call home or residence. Contact us for more info penleymcnaughton.com
Calgary Real Estate market statistical update for March
Housing market set for favourable lead into spring Detached prices stabilize as city-wide inventory trends down
Mar. 2017. City of Calgary, April 3, 2017 – After a long period of disconnect between supply and demand, Calgary’s detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year, supporting price stability in the detached market. “It’s not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out,” said CREB® president David P. Brown. “These changes are lifting the cloud of uncertainty for housing consumers and nicely positioning our market as we move into the more active spring season.” Unadjusted detached benchmark prices totaled $503,900 in March, 0.4 per cent above last month and similar to levels recorded last year. Meanwhile, Apartment and attached prices continue to remain well below levels recorded last year. “Market conditions are quite different in the apartment sector,” said CREB® chief economist Ann-Marie Lurie. “The additional supply coming from the new home sector is not easily reversed and the added competition is continuing to weigh on prices in the higher density sectors of the market.” City-wide inventory levels totaled 5,114 in March, 16 per cent below last year’s levels. This is primarily driven by the 25 and 17 per cent contraction in the detached and attached markets. Inventory levels in the ownership apartment sector remain three per cent higher then levels recorded last year. “The housing market transition in the first quarter appears to be consistent with trends in the labour market,” said Lurie. “However, the way the rest of the year unfolds will be largely determined by what happens in the next two quarters, as nearly 60 per cent of all housing sales typically occur in that timeframe.” For the FULL report click HERE.
If you have any questions please do not hesitate to call Doug, Susan or Kristen at Team Penley McNaughton with RE/MAX Central in Calgary 403-283-7113.
Just Listed in Signal Hill!
37 Simcoe Close SW – $839,000 (MLS #C4075171)
Pride of ownership is evident in this stunning Signal Hill home. An abundance of special features & upgrades include: Cornice work throughout & sculptured accent areas, AC, maple hardwd, custom shutters & black out blinds, updated lighting & carpet (main & upper flr), recently painted, spacious open concept kitchen (granite, breakfast bar, newer dishwasher, walk through pantry to convenient mud rm), newer deck/railings & rear fence, cozy family rm with extensive built-ins & fireplace, main flr laundry (high end washer/dryer & laundry sink). Upon entering the 2nd level via the grande curved staircase you’re greeted w/ vaulted ceilings & skylights, breathtaking mountain views from the bonus rm & your dream master with renovated spa like en-suite featuring Washlet, water fall shower head & heated flooring. Spacious dbl attached garage. This home offers more than you could ever imagine right from the curb – luxury living at it’s finest! A quiet location close to amenities, walk to LRT, Rec Centre and school.
Click Here to view the virtual tour
Demand down with net migration
In step with City census data on declining net migration levels, housing sales activity totaled 1,741 units in July, a 12.6 per cent decrease over last year and the 20th consecutive month of year-over-year sales declines.
“Continued pullback of sales activity is a sign of economic conditions,” said CREB® chief economist Ann-Marie Lurie. “The number of unemployed workers keeps rising and when you combine job losses with declining net migration, the result is going to be weaker housing demand.”
Slower sales were accompanied by declining new listings in July. This helped prevent further inventory gains and minimize the downward pressure on benchmark prices. By months end, the residential benchmark price was $440,000, similar to last month, but 4.2 per cent below July figures from the previous year.
While detached price seem to be leveling, this is not the case for all property types. With over six months of inventory in the apartment sector, oversupply continues to create steep price declines.
The apartment benchmark price totaled $277,000 in July, a 0.4 per cent decline over the previous month and 6.6 per cent below last year’s levels. City-wide benchmark prices for detached product totaled $502,300 in July, which is similar to last month, but 3.4 per cent lower than last year’s levels.
Meanwhile, semi and row attached product recorded a year-over-year decline of 3.1 and 5.5 per cent for July prices of $385,200 and $310,300. “To buyers and sellers that have been paying attention to the housing market in Calgary and surrounding areas, it should come as no surprise that we continue to see a slowdown in sales activity,” said CREB® president Cliff Stevenson.
“Buyers are expecting further declines in sold prices, and sellers are adjusting to softer demand with price decreases. When these expectations intersect, we’re seeing sales activity in the market, but not at the level realized over the last several years.”
Click on the following link to view the full .pdf of the July 2016 – City of Calgary Housing Market Statistics
Click Here to view the Regional Statistics for July 2016!
New Listing in Renfrew!
430 14 Avenue NE – $479,900 (MLS #C4073800)
A fantastic inner city location ideal for families, singles, couples or an investment property. This adorable character home with a functional floor plan is close to numerous amenities yet on a quiet street. Special features include: hardwood flooring, spacious dining room, updated kitchen with breakfast bar enjoy the view to the backyard, adorable front porch and back deck perfect for entertaining in your large private fenced yard complete with perennial flowers and a vegetable garden. Lower level offers 3rd bedroom with plenty of light complements of good sized windows , 2 piece bathroom, laundry room, recreation room & plenty of storage. Ample space for parking an RV next to the single garage with shelving & work bench. The cost of the new curbs has been paid. The thermostat is programmable for your convenience.This affordable home in a central area is close to schools, shopping & restaurants on Edmonton Trail. Easy access to the airport- walk or bike to downtown. Do not miss this Renfrew home! Click Here to view a virtual tour!
Just Listed in Willow Park
9907 WILDE Road SE, $380,000
Incredible value and potential for the savvy investor or if you are handy and looking to renovate and have a lovely home that meets all of your desired tastes. Hardwood under the carpet, main and upper levels ,newer windows throughout , newer furnace ,the blinds (currently removed) are included and have a suggested retail price of $10k. Double garage ,west facing back yard. Fantastic location-just moments to South Centre Mall, Trico Center, Anderson LRT station, Fish Creek Library and much more! Do not miss out on this outstanding opportunity. Click Here for more information!
Just Listed in Bel-Aire!
1220 Bel-Aire Drive SW – $1,750,000
| An exquisite home in one of Calgary’s most desirable inner city neighbourhoods. Special features are countless in this well maintained property: Floor to ceiling windows, private Den off of front foyer, stunning gourmet open concept kitchen (Miele applainces:built in espresso/coffee machine, gas stove, steamer oven, warmer, etc.) separate kitchen noon/dining area and 2 cozy fireplaces, built in sound system & lovely family and living rm to relax or entertain. Both bedrooms include ensuite’s on upper level and the master includes your DREAM closet (a spacious room) with sky lighting and vaulted ceilings. Multi-Functional Lower Level with 3rd fireplace, plenty of storage, bathroom w/ steam shower, 2nd Den and currently includes a gym in the rec rm area. Your yard is outdoor living at its finest with a fantastic deck, fabulous Lynx BBQ and beautiful landscaping. Minutes to downtown, shopping, Rocky View hospital, schools, Glenmore reservoir pathways. A superbly designed property to call home! CLICK HERE to view the virtual tour. |
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
Click Here to view the full .pdf of the June 2016 Regional Monthly Stats Package
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!
