I have sold a property at 112 Christie Park MEWS SW in Calgary. See details here

Available weekends 12 to 5 pm for showings. Great unit in popular complex in Christie Estates. Front entry with man door to single attached garage. There is a room in behind garage that can be used for a small den etc or storage. Main floor features a large front living room dining room combination with hardwood floors, corner gas fireplace with stone trim and a bright south bay window. Kitchen is modern and bright with generous white cabinets and matching white appliances. Kitchen also has hardwood floors. Garden door off the kitchen to large back deck area. Laundry closet is also off the kitchen next to the 2 pce powder room. Upper level has 3 bedrooms and a large 4 pce bath. Primary bedroom offers an extra large walk in closet. Unit is neat and clean. home is currently rented for $2150 per month with tenants paying utilities. Current lease goes til Dec 1, 2022. Tenants would like to stay but may negotiate and earlier possession date. Close to LRT station, shopping, schools, downtown and quick out of town.

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I have listed a new property at 112 Christie Park MEWS SW in Calgary.
Available weekends 12 to 5 pm for showings. Great unit in popular complex in Christie Estates. Front entry with man door to single attached garage. There is a room in behind garage that can be used for a small den etc or storage. Main floor features a large front living room dining room combination with hardwood floors, corner gas fireplace with stone trim and a bright south bay window. Kitchen is modern and bright with generous white cabinets and matching white appliances. Kitchen also has hardwood floors. Garden door off the kitchen to large back deck area. Laundry closet is also off the kitchen next to the 2 pce powder room. Upper level has 3 bedrooms and a large 4 pce bath. Primary bedroom offers an extra large walk in closet. Unit is neat and clean. home is currently rented for $2150 per month with tenants paying utilities. Current lease goes til Dec 1, 2022. Tenants would like to stay but may negotiate and earlier possession date. Close to LRT station, shopping, schools, downtown and quick out of town.
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Supply levels ease with fewer new listings in August

City of Calgary, September 1, 2022 – August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.

“While higher lending rates have slowed activity in the detached market, we are still seeing homebuyers shift to more affordable options which is keeping sales activity relatively strong,” said CREB® Chief Economist Ann-Marie Lurie. “This makes Calgary different than some of the larger cities in the country which have recorded significant pullbacks in sales.”

At the same time, new listings continue to trend down, preventing any supply gains or a substantial shift in the months of supply.

Despite year-over-year gains in new listings, the spread between new listings and sales this month narrowed compared to the past three months. This caused total inventory to trend down and prevented any significant shift in the months of supply. The months of supply in August remained at just above two months, not at tight as earlier in the year, but still below levels traditionally seen this time of year.

For the third month in a row, benchmark prices eased declining to $531,800. While the reduction reflects shifting market conditions, it is important to note that previous gains are not lost, and prices remain over 11 per cent higher than last year.

Detached

Sales continued to trend down compared to levels seen earlier in the year and August of last year. While the recent declines have not offset the strong gains reported earlier in the year, conditions are changing in this segment of the market. At the same time, we have seen listings continue to ease in for lower-priced homes. This is causing persistently tight conditions for homes priced below $500,000. Meanwhile, supply gains in the higher price range of the market are supporting more balanced conditions.

Easing demand has had an impact on prices which have trended down relative to the high levels achieved in May. However, with a benchmark price of $633,000, levels are still over 13 per cent higher than last year.


Semi-Detached

There was a significant pullback in new listings relative to a slight easing of sales for semi-detached properties this month. This caused the sales-to-new-listings ratio to push above 80 per cent for the first time since April while total inventory dropped relative to levels seen over the past several months and last year. Like the detached sector, conditions do vary depending on price ranges with the lower-price ranges continuing to see relatively tight market conditions.

Despite the adjustment this month, prices still trended down compared to May levels. However, like other property types, price levels are over 10 per cent higher than last year with a benchmark price of $569,300.
 

Row

Despite sales trending down relative to levels seen earlier in the year, the row-home market remains strong and year-to-date levels are nearly 50 per cent higher than last year. At the same time, there was a notable decline in new listings this month causing a decline in inventory levels. This prevented any significant adjustments to the months of supply which remained below two months.

While market conditions remain relatively tight, home prices have remained fairly stable over the past few months. Overall, the benchmark price for row properties in August was over 14 per cent higher than levels reported last year.


Apartment Condominium

Sales activity improved in August, contributing to year-to-date record sales of 4,576 units, which is an increase of 65 per cent compared to last year. Some of this growth was possible thanks to this segment of the market having more supply. However, the recent growth in sales relative to new listings has caused the supply gap to narrow.

Though conditions have shifted over the past month, prices remain relatively stable compared to July but are over 10 per cent higher than last year’s prices. Despite the recent gains in prices, apartment condominium sales remain below peak prices set back in 2014.

 
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I have sold a property at 19 Wentworth COVE SW in Calgary.
Secluded smaller complex in popular West Springs. 1414 sq ft 2 st plus fully dev lower level. South back yard, quiet location in hidden cul de sac. Large front entry with tile floor leads to landing and open stair to upper level. Two story ceiling with large skylight. Kitchen boasts generous oak cabinets and good counter space, Stainless steel appliances, central island over looking the living room and joining the sunny breakfast nook with large south windows. garden door to covered outdoor deck area. Living room boasts a tile corner gas fireplace, two large south windows, laminate floors, main floor also has 2 pce bath and entry to two car garage . Upper level hosts a large primary suite with 4 pce ensuite bath, large walk in closet and bay window. 2 other bedrooms and 4 pce bath. Lower level has a nice rec room, 3 pce bath with glass block shower and storage area. Great community with all amenities with in blocks.
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Detached home sales decline as apartment condominium sales rise

City of Calgary, Aug. 2, 2022 – Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our market.

“Rising lending rates are causing shifts within the market and, as a result, new listings for higher-priced product are on the rise relative to sales activity,” said CREB® Chief Economist Ann-Marie Lurie. 

“Meanwhile, there continues to be a lack of supply for lower-priced detached and semi-detached product. This is driving consumers who are looking for affordable homes to purchase apartment- and row-style properties.”

Residential new listings in the city declined compared to what was seen in 2021, but when considering the dynamics between price ranges, we are seeing a different trend play out. Listings for homes priced below $500,000 fell by 18 per cent, while levels rose by 20 per cent for homes priced above $500,000. This has left conditions to remain relatively tight in the lower-end of the market while conditions are shifting toward more balanced levels in the upper-end of the market.

When considering the relationship between the supply and demand, the months of supply has continued to trend up from the exceptionally tight conditions seen earlier in the year. However, with just over two months of supply, the market remains far tighter than anything experienced throughout the recessionary period experienced prior to the pandemic.

As expected, the benchmark price did see some slippage relative to levels seen earlier in the year and rising lending rates have cooled much of the bidding war activity that was driving significant gains earlier in the year. However, prices currently remain over 12 per cent higher than last year’s levels, still outpacing forecasted price growth for the year. 

“As we move forward, we do anticipate further rate gains will weigh on housing activity and prices, but not enough to completely offset the exceptionally strong gains recorded over the first half of the year,” said CREB® Chief Economist Ann-Marie Lurie. 

Detached

In July, detached sales reached 1,136, which is 19 per cent lower than last year’s levels. Higher lending rates are driving more consumers to look for affordable product, however, the detached sector has struggled with supply levels for lower-priced homes. While we are seeing balanced conditions in the upper-end of the market, conditions remain exceptionally tight in the lower-end of the market.

The decline in sales was mostly driven by pullbacks in the lower-price ranges due to lack of availability. Nearly 80 per cent of the inventory available is priced over $500,000 and new listings for homes priced under $500,000 are half of the levels seen last year.

With a benchmark price of $643,600 in July, levels are still nearly 15 per cent higher than last year. However, we are seeing some monthly adjustments as prices trended down across all districts in July compared to last month.


Semi-Detached

For the third month in a row, semi-detached sales saw less sales than levels reported a year ago. While year-to-date sales remain over 11 per cent higher than last year’s levels, this is a significant shift from the 40 per cent growth recorded after the first quarter of the year. This pullback in sales was met with lower listings levels, but not enough to prevent some upward trend growth in inventory levels and the months of supply. The months of supply pushed up to 2.5 months in July, the first time it has pushed above two months since October of last year.

While conditions remain relatively tight in the lower-price ranges, the benchmark price did trend down relative to levels seen earlier in the year. However, like the detached market, prices remained significantly higher than levels reported last year.
 

Row

While levels cooled relative to the spring, row sales reached a new record high for July contributing to year-to-date sales growth of 54 per cent. Most of the gains were driven by product priced between $300,000 to $500,000, which also saw the biggest boost in new listings so far this year.

Both new listings and sales have trended down from levels seen earlier the year. However, the gap between sales and new listings narrowed over the past few months causing inventories to trend down compared to earlier in the year. This has ensured that the months of supply remained below two months. The persistently tight conditions prevented any significant adjustment in monthly prices in July.


Apartment Condominium

Like row properties, apartment condominium sales trended down from earlier in the year but maintained a record high level for July, contributing to a year-to-date gain of 66 per cent. Rising lending rates and available supply in the condominium sector helped support the year-over-year sales growth seen so far this year.

While trending down from earlier in the year, new listings in July remain 24 per cent higher than last year’s levels supporting a sales-to-new-listings ratio and a months of supply that reflect relatively balanced conditions. With conditions not as tight as earlier in the year, the pace of price growth has also slowed. In July, the benchmark price reached $278,800, slightly higher than last month and nearly 10 per cent higher than last year’s levels.

 
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I have sold a property at 2922 Signal Hill HEIGHTS SW in Calgary.
Stunning 5 bedroom family home with over 3500 sq ft of living space. Great location in a hidden bay on the ridge over looking the city. This home has undergone major renovations and updates in the 8 months. Large front entry opens to 2 story open ceiling with curved open stair to upper level. Formal living room with vaulted ceiling and floor to ceiling window, new engineered hardwood floors for both dining room and living room. Kitchen area is bright and contemporary with euro style charcoal gray lacquered cabinets, lots of granite counter space, central island. Picture window over looks large back yard and partial city views. Kitchen joins large breakfast nook with garden door out to large deck area with newer glass and powder coated railing. Family room has something for everyone with extensive built ins surrounding a granite faced gas fireplace , indirect pot lighting and new flooring. Main floor den with double french glass doors is a perfect retreat or at home office. Main floor laundry is next to new 2 pce bath. Up the sweeping open stair to second level with open hall. The primary suite is massive and offers downtown view through turret style bay window, large new 5 pce ensuite with large glass and tile shower, walk in closet and new flooring in both bath and bedroom. 2 other bedrooms with hardwood floors and a completely new 4 pce bath adjacent. Walk out level has two additional bedrooms, new 3 pce bath, huge rec room/games room and lots of natural light from abundant windows. Garden door to covered patio area. This home has had much new plumbing, new furnace, new hot water tank, new windows and doors, new flooring, new bathrooms, new exterior paint and much more!! Check out the photos and tour.
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I have sold a property at 28 Glamis GARDENS SW in Calgary.
This END UNIT townhome with a DOUBLE GARAGE is located in a quiet and well maintained complex in Glamorgan. Just a short walk to Glamorgan Park, and easy access to Glenmore and Sarcee Trails, as well as the ring road, making access to anywhere in the city a breeze. Just a 5 minute drive to Mount Royal University, 15 minutes to the downtown core, and less than 10 minutes to the west end of the city. Large fully-fenced west-facing backyard has composite decking, and backs onto a green space, offering privacy from neighbors. 3 bedrooms, 2.5 bathrooms, and ample living space is perfect for a family of any size. Great location in an established community and is close to all amenities, schools, and shopping.
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I have sold a property at 1307 Patterson VIEW SW in Calgary.
Beautiful 2 st end unit in quiet bay with sunny south private yard. Covered front veranda opens to front entry. Entry opens to the living room area with hardwood floors , floor to ceiling windows and contemporary gas fireplace with tile surround. Open vaulted ceilings to upper loft area. The living room is open to the bright dining room area with large sunny south windows and a garden door to huge private outdoor yard. Dining room is open to the updated and upgraded white contemporary kitchen with generous white cabinets and lots of granite counters. Newer stainless steel appliances , recessed pot lighting, window over the sink , breakfast bar area and hardwood floors. The entry from garage and the 2 pce bath are off the kitchen area. Upper level has a wonderful loft overlooking the main floor perfect for an office or den area. The upper level features a beautiful primary bedroom with vaulted ceilings and floor to ceiling windows. This bedroom has an exceptional 5 pce ensuite with lots of extra cabinets. Bedroom 2 also has a 3 pce bath. All baths have been updated. The lower level is a wide open family room area with lots of room. The back yard on this unit is big, beautiful and private. Its like a private sanctuary. This immaculate unit under went a major renovation a few years ago and is ready to move into.
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I have listed a new property at 1307 Patterson VIEW SW in Calgary.
Beautiful 2 st end unit in quiet bay with sunny south private yard. Covered front veranda opens to front entry. Entry opens to the living room area with hardwood floors , floor to ceiling windows and contemporary gas fireplace with tile surround. Open vaulted ceilings to upper loft area. The living room is open to the bright dining room area with large sunny south windows and a garden door to huge private outdoor yard. Dining room is open to the updated and upgraded white contemporary kitchen with generous white cabinets and lots of granite counters. Newer stainless steel appliances , recessed pot lighting, window over the sink , breakfast bar area and hardwood floors. The entry from garage and the 2 pce bath are off the kitchen area. Upper level has a wonderful loft overlooking the main floor perfect for an office or den area. The upper level features a beautiful primary bedroom with vaulted ceilings and floor to ceiling windows. This bedroom has an exceptional 5 pce ensuite with lots of extra cabinets. Bedroom 2 also has a 3 pce bath. All baths have been updated. The lower level is a wide open family room area with lots of room. The back yard on this unit is big, beautiful and private. Its like a private sanctuary. This immaculate unit under went a major renovation a few years ago and is ready to move into.
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I have sold a property at 110 Tuscany Summit GROVE in Calgary.
Stunning Estate home in private cul de sac in Popular Tuscany. This beautiful two story 3171 sq ft of dev living space. Front veranda area opens to a large front entry and open plan with hardwood thru out the main floor. Front flex room offers a world of possibilities. Office/living room/formal dining? you decide. Very open plan with large kitchen with rich generous off white cabinets and plenty of granite counter space with central island with pull up breakfast bar open to great room and large breakfast nook. Stainless steel appliances. Lots of pot lights and lightening. Walk thru pantry to roomy mud room/laundry area and a 2 pce powder room. Breakfast look with large bright windows and garden door to 2 level out door deck living space and private fenced yard. Great room is stunning with two story soaring ceiling and floor to ceiling windows. 3 sided fireplace divides the nook area from great room. Open stair to upper level that over looks main floor. Upper level offers a large master bedroom with 5 pce ensuite, large walk in closet, stylish barn door, Ensuite has large corner soaking tub with glass block accents, his/hers sinks, large shower. and tile floors. An additional 4 pce bath is located conveniently between two family size additional bedrooms. Down the hall is the large sunny bonus room area with vaulted ceilings. Perfect hang out for the kids. Lower level features large rec room, bedroom #4, office/den area and plenty of storage. Basement features in floor heat. Perfect home for the big family!!
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