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: neutral color scheme, wood burning fireplace in inviting living room w/sliding doors exiting onto lovely private fenced patio/yard w/large new deck to enjoy, newer kitchen appliances,durable “espresso” laminate flooring, both bathrooms renovated (main bath w/soaker tub), 2 bedrooms + den/spare room/office with 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 shops, restaurant, wine store-all within walking distance).Fantastic sense of community here-this beautiful neighbourhood is central yet not in the middle of downtown. 1226 sqft, 4 lvl split, 2 bd +den, 2 bath , attached garage – Just $409,900
Remax
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.
New listing in Silver Springs -Totally renovated, 3bdrms, huge landscaped yard
Approximately $100k in renovations completed in this well located home in sought after Silver Springs! Numerous features include: maple stained hardwood & ceramic flooring, renovated bathroom w/glass block accents, quartz counter tops,”Kitchen Craft”solid maple cupboards, pantry w/”soft close” sliding shelves, convenient water filtration system, newer fence & deck. Appreciate the bright & sunny living/dining rm, cozy fireplace, l newer window(kitchen)& two spacious bedrooms on main level.Lower level Rec rm w/2nd wood burning fireplace, newer carpet, renovated bathroom(oversized shower, new window & heated flooring including laundry with Meile washer/dryer).Enjoy views from your kitchen window to your massive yard-$40k approx. landscaping upgrade(perfect area to entertain).You have an attached single garage but you could consider an additional dbl garage in the backyard if so desired. Steps to the school, minutes from the river walking paths community center & pool.An opportunity not to be missed! OPEN HOUSE April 2nd, 2-4pm, 7312 Silver Mead RD NW, Calgary, AB.
Love it DJD you DO "Take the Cake"! Also – 13 things to do in Calgary on St. Patrick's Day
I have always been a huge fan of DJD,WHAT “Decidedly Jazz Danceworks” in Calgary. I remember my first dance class in the 70’s with Denise Clarke. Once again DJD goes above and beyond by installing a stunning animated mural on the 2nd floor of their building. “Take the Cake” is animated through the use of LED light choreography — it’s almost as though the figures are strutting and dancing across the top of the building.” Don’t forget to make a point of checking it out if you are downtown Calgary in the evening. Click HERE to learn about up coming performances and class schedules.
WHAT TO DO ON ST. PATRICK’S DAY IN CALGARY? Avenue Magazine has provided information and 13 different things you can do this up coming Friday on St. Patrick’s Day. Get your green on and get out and participate! Click HERE for full details.
Team Penley McNaughton at RE\MAX central have lived in Calgary for over 45 years and helped people buy and sell homes and investment properties for 40 years. We love sharing all of the fun things there is to do in Calgary. We adore our City and are here to help you with your real estate needs.
Calgary real estate market statistical update for February
Every month our team posts the information we receive from the Calgary real estate board. We hope you find this informative. Purchasing or selling your home or an investment property is one of the most important things you do in your life so we hope the information we provide is helpful. Please never hesitate to call us with any questions you might have about Calgary and surrounding areas market conditions. We are here to help!
As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures.
“There seems to be a new sense of optimism these days,” said CREB® president David P. Brown. “Some sellers are feeling upbeat about the changing landscape and the improved chances of selling their home. Other people are looking at the spring market with caution and wondering if we’re going to see a higher than expected surge of listings. While there’s less product on the market right now, sellers still need to be realistic with their pricing.”
The amount of excess inventory eased in the overall market in February, setting the stage for a transition to a more stable market this year. Months of supply totaled 3.4 months, down from five months over last February. At the same time, the sales-to-new-listings ratio trended from a near record February low of 39 per cent last year to 55 per cent this February.
Please click HERE for the full market update and statistical report.
25 things to do in Calgary in March
Spring is on its way – YAY! Here’s 25 fun ideas of things you can do in our beautiful City of Calgary in March! Click HERE to get full details on events such as; theatre, local breweries, rally at the Calgary Zoo, Food Fest, music, magic, crafts, shopping and MUCH more. We love Calgary!
Advice you can't afford to miss
Join Doug McNaughton, licensed real estate agent in Calgary, AB for 40 years and RBC mortgage specialist, Sandro Mosca, to learn more about investing in real estate! This is the key to your future!
Date: February 23, 2017
Time: 6pm-7pm
Location: Hillhurst RBC branch, 417 10th ST NW, Calgary
RSVP: sandro.mosca@rbc.com
Winter light festival – Downtown Calgary
First off – Happy Family Day long weekend! This fun event is happening NOW. Started on February 17th and going only until the 20th. I’m excited about how there is always something fun for everyone of all ages and situations to do in our wonderful city! I was born and raised in Calgary which seems to be a semi rare thing these days and am proud of how are city has evolved and grown. We enjoy blogging about activities in Calgary as well as what is happening in our real estate market. Doug, Susan and I (Kristen) are a family real estate team with over 70 years combined experience between the tree of us. Our office is located in Sunnyside (NW inner city right on the River). We experts in all communities in the entire city and surrounding areas so please never hesitate to call us with any real estate questions you might have office:403-283-7113. Again – make it a wonderful weekend and perhaps we will run into you at the Winter Light Festival! Thank you Avenue Magazine for always sharing such fabulous info. Click HERE for all details about the festival.
Prime inner city location – 3bd, 2 storey, detached, updated, just move in!
Prime inner city location – this elegantly designed 2 Storey 3 bedroom home is beautifully updated. The well thought out floor plan offers a spacious layout on the main floor with sunken living room (with cozy fireplace), dining Area, large kitchen with convenient centre island and eating nook (includes: stainless appliances, beautiful back splash , plenty of cupboard & counter space). French doors off the kitchen lead to your rear deck to enjoy BBQ’s in the summer months. Three bedrooms up -featuring master with full ensuite, walk in closet and access to your front balcony – your perfect private retreat! The lower level offers a huge recreation room a lovely area to entertain or relax and watch a movie. You will appreciate your double detached garage. Killarney is in close proximity to downtown, shopping, schools, swimming pool, community centre – close to all amenities ! This stunning executive home is not to be missed. Contact us with any questions you might have. $615,000
Calgary Real Estate Board January housing statistics
City of Calgary, Feb. 1, 2017 – For the fourth consecutive month, housing inventory levels have recorded year-over-year declines. At 4,112 total units, January’s inventory was 18 per cent below last year’s levels.
“While housing conditions continue to favour buyers, a slow transition toward more balanced conditions is helping to ease downward pressure on home prices,” said CREB® chief economist Ann-Marie Lurie. “Conditions have improved over last year, but people need to remember that last year’s market was one of the weakest on record. Despite the appearance of a major shift in activity, the transition in the housing market is going to be a slow process.”
January sales totaled 947 units, 24 per cent above last year, but 21 per cent below 10-year averages for the month. Sales activity improved across all product types, but only when compared to the near record lows that occurred in January 2016.
The detached segment of the market is demonstrating the most improvement. Sales activity totalled 584 units in January, a considerable improvement over the 466 sales recorded last year. Inventories have also declined pushing the months of supply to 3.2 months well below the 5.4 months recorded in January 2016.
“This past month showed how the market never stands still,” said CREB® president David P. Brown. “The market isn’t expected to be as unpredictable in 2017, but it’s early in the year and there are still lots of unknowns that will shape decision-making for consumers.”
“Every transaction is a personal decision and anyone going through the process of buying and selling real estate will be trying to make the best decision for their family. They need to consider their long-term objectives and think about the price they are willing to accept or pay for a home.”
City-wide benchmark prices totaled $437,400, 0.16 per cent lower than last month and 2.82 per cent lower than last year’s levels. Since recent highs in 2014, residential prices have declined from a low of 4.9 per cent in the detached sector to highs of 11.5 per cent in the apartment condominium market. Click HERE for full report or feel free to contact Doug, Susan or Kristen with any questions you might have!
