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I have sold a property at 115 Queensland ROAD SE in Calgary

I have sold a property at 115 Queensland ROAD SE in Calgary. See details here

Showings start Friday January 20, 2023 at 10 am. Beautiful bungalow in wonderful location fronting onto large park. Pride of ownership is apparent with newer shingles, newer furnace, new water heater, new windows, newer central air, updated white kitchen with granite counters. This home features 3 bedrooms and one and a half bathrooms on the main floor along with the large bright living room and dining room area plus the eat in kitchen. Living room is light and bright with lots of room for furniture, it is open to the dining room area. Dining room has an extra large storage closet in behind it. Convenient access from dining room to kitchen. Kitchen was updated aprox. 10 years ago with abundant white cabinets and granite counters. Large window over looks the private fenced back yard. Primary bedroom has 2 pce ensuite bath and nice size closet. 2 other bedrooms and an updated 4 pc bath complete the main level. The lower level has an extra large rec room/family room, a den area, laundry room and large storage area. This lot is very large and is fenced and private. Over size 2 car detached garage is insulated, boarded and has an overhead gas heater. Great garage with lots of work and storage area.

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New property listed in Signal Hill, Calgary

I have listed a new property at 67 Sienna Hills VIEW SW in Calgary. See details here

Best of Both Worlds. Beautiful "New" home in prestigious Sienna Hills. This stunning home under went a total renovation including interior, exterior and landscaping. This executive home sits on a ridge overlooking downtown on a quiet street at the top of Signal Hill. Massive lot has been totally landscaped. A triple car garage features a 2 car lift for car folks, making it a 5 car garage. Step inside the breathtaking entry with gleaming hardwood floors and sweeping curved stair open to upper level, large entry windows and 2 story soaring ceilings. To your right you have an incredible living room with deluxe ceiling details of "open beams" , bay window, recessed lighting, maple floors and white lacquer wainscotting on the wall. The formal dining room joins the living room and has hardwood floors, bay hutch area, bordered ceiling, crown molding and is open to but separate from the kitchen area. The massive Dream kitchen offers huge island, large granite divider between dining room and kitchen, abundance of rich maple cabinets, maple hardwood, top end Miele and Wolfe appliances including huge double door fridge/freezer and wine fridge. The island offers seating for 4 and there is amazing indirect recessed pot lights, stylish kitchen lights, sculptured maple hood fan and endless cabinets. Plenty of natural light through corner window over looking the city and the yard. The bright breakfast nook is turret style with 5 windows of natural light and a garden door to the outdoor living area with newer deck with dura deck covering. The main floor family room is open to nook and kitchen areas. This room has maple hardwood, designer gas fireplace nestled between built in book cases and entertain center plus recessed pot lighting and built in speakers , also lots of natural light from large windows. The main floor den is a picture of function. It has an entry from the main hall by entry and from the family room. The office/den features impressive built in desk, cabinets, shelves perfect for home biz. Down the back hall is a 2 pce bath with granite counters, recessed sink and maple floor. A few steps to the extra large laundry area. This area provides an entrance into the house from the triple car garage and is large bright open area with tons of white lacquer cabinets for storage and a great work area complete with large sink. Up the open stair to the upper level. # bedrooms on this level including the huge luxurious primary bedroom. Walk thru the double doors and into this exceptional bedroom with turret style sitting area with panoramic city views from plenty of windows. Walk in closet was down by California closets. Amazing 5 pce ensuite w glass shower, vanity w two sinks and lots of storage, soaker tub and heated floors. Two large bedrooms and a 4 pce bath w heated floors, two sinks and extra cabinets complete this level. The lower walk out level has bedroom, 3 pce bath w heated floor, an amazing large rec room games area w garden door to covered patio/yard.

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New property listed in Queensland, Calgary

I have listed a new property at 115 Queensland ROAD SE in Calgary. See details here

Showings start Friday January 20, 2023 at 10 am. Beautiful bungalow in wonderful location fronting onto large park. Pride of ownership is apparent with newer shingles, newer furnace, new water heater, new windows, newer central air, updated white kitchen with granite counters. This home features 3 bedrooms and one and a half bathrooms on the main floor along with the large bright living room and dining room area plus the eat in kitchen. Living room is light and bright with lots of room for furniture, it is open to the dining room area. Dining room has an extra large storage closet in behind it. Convenient access from dining room to kitchen. Kitchen was updated aprox. 10 years ago with abundant white cabinets and granite counters. Large window over looks the private fenced back yard. Primary bedroom has 2 pce ensuite bath and nice size closet. 2 other bedrooms and an updated 4 pc bath complete the main level. The lower level has an extra large rec room/family room, a den area, laundry room and large storage area. This lot is very large and is fenced and private. Over size 2 car detached garage is insulated, boarded and has an overhead gas heater. Great garage with lots of work and storage area.

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I have sold a property at 40 Strathridge GARDENS SW in Calgary

I have sold a property at 40 Strathridge GARDENS SW in Calgary. See details here

Beautiful 4 bedroom 2 st with brick and stucco estate exterior located on quiet cres close to schools and all amenities. This home features a large spacious entry with 2 st ceiling and maple hardwood floors. Front living room w floor to ceiling windows, 2 st ceiling open to upper balcony. Living room joins the formal dining room w recessed hutch area, bordered and textured ceiling, plenty of room to entertain and an arched entry to kitchen area. Brand new in 2019 the stunning white kitchen offers an abundance of cabinets, large pantry w roll out shelves, pot drawers in big island, granite counters, full array of newer stainless steel appliances from kitchen aid, wolf and miele. Large central island is perfect for the chef and food prep. Stainless steel hood fan over wolfe gas range top, window over sink looks into private fenced back yard. Kitchen nook for family meals with garden door to deck and large yard. Kitchen/nook join the large family room with hardwood floors, stone gas fireplace nestled between white lacquer book cases/entertainment unit. Family room has flush mount indirect ceiling lighting and large window for natural light. Just off the front entry is the perfect work at home office w double doors. Main floor 2 pce bath with pedestal sink. Back separate mudroom is a work of art for families with built in bench, lockers and the laundry area. Upper level boasts open tread stairs up to large gallery hall way overlooking entry and main floor. This home is designed for familes with 3 bedrooms, separate 4 pce bath, plus primary suite with 5 pce bath, separate shower and soaker tub, two closets and balcony overlooking main floor with double doors to provide privacy and separation. Lower level was completed in 2009 and features a beautiful lower family room area with bar, wine fridge, extensive built ins with desk area, entertainment unit and fireplace. There is also bedroom #5 , 4 pce bath, games area and lots of room for storage in the utility room. Home has 2 furnaces, brand new tankless water heater. This family home is in immaculate condition and ready to be yours!!

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New property listed in Strathcona Park, Calgary

I have listed a new property at 40 Strathridge GARDENS SW in Calgary. See details here

Beautiful 4 bedroom 2 st with brick and stucco estate exterior located on quiet cres close to schools and all amenities. This home features a large spacious entry with 2 st ceiling and maple hardwood floors. Front living room w floor to ceiling windows, 2 st ceiling open to upper balcony. Living room joins the formal dining room w recessed hutch area, bordered and textured ceiling, plenty of room to entertain and an arched entry to kitchen area. Brand new in 2019 the stunning white kitchen offers an abundance of cabinets, large pantry w roll out shelves, pot drawers in big island, granite counters, full array of newer stainless steel appliances from kitchen aid, wolf and miele. Large central island is perfect for the chef and food prep. Stainless steel hood fan over wolfe gas range top, window over sink looks into private fenced back yard. Kitchen nook for family meals with garden door to deck and large yard. Kitchen/nook join the large family room with hardwood floors, stone gas fireplace nestled between white lacquer book cases/entertainment unit. Family room has flush mount indirect ceiling lighting and large window for natural light. Just off the front entry is the perfect work at home office w double doors. Main floor 2 pce bath with pedestal sink. Back separate mudroom is a work of art for families with built in bench, lockers and the laundry area. Upper level boasts open tread stairs up to large gallery hall way overlooking entry and main floor. This home is designed for familes with 3 bedrooms, separate 4 pce bath, plus primary suite with 5 pce bath, separate shower and soaker tub, two closets and balcony overlooking main floor with double doors to provide privacy and separation. Lower level was completed in 2009 and features a beautiful lower family room area with bar, wine fridge, extensive built ins with desk area, entertainment unit and fireplace. There is also bedroom #5 , 4 pce bath, games area and lots of room for storage in the utility room. Home has 2 furnaces, brand new tankless water heater. This family home is in immaculate condition and ready to be yours!!

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The Calgary Real Estate Year End 2022!!
December Calgary Real Estate Stats!


2022 saw record-high sales and double-digit price growth December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.

Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing further declines in inventory levels. As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade. “Housing market conditions have changed significantly throughout the year, as sales activity slowed following steep rate gains throughout the later part of the year,” said CREB® Chief Economist Ann-Marie Lurie. “However, Calgary continues to report activity that is better than levels seen before the pandemic and higher than long-term trends for the city. At the same time, we have faced persistently low inventory levels, which have prevented a more significant adjustment in home prices this year.” Benchmark prices eased to $518,800 in December, down nearly five percent from the peak price in May but almost eight percent higher than last December.

While prices have trended down annually, they remain over 12 percent higher than last year’s levels. The housing market in 2022 generally outperformed expectations both in terms of sales and price growth.

For more information on the 2023 housing market, join us at our Forecast Conference on Jan. 24. Detached The detached market has felt most of the impact of higher rates as a pullback in sales in the year’s second half contributed to the year-to-date decline of over seven percent. While there have been some gains in new listings over the last quarter, much of the growth has occurred in the market's upper-end, supporting more balanced conditions. However, supply levels for lower-priced homes remain low relative to the sales activity, causing that market segment to continue favouring the seller. Overall, the detached market has seen activity shift away from the strong sellers’ conditions reported earlier in the year. Prices in the detached market have trended down in the second half of the year, as the December benchmark price of $619,600 has eased by just over four percent from the June high.

The recent adjustments have not erased all the earlier gains, as benchmark prices reported an annual gain of over 14 percent. Annual price growth has ranged from a high of 19 percent in the South East, North and North East districts to a low of nearly eight percent in the City Centre. Semi-Detached Further declines in sales this month contributed to the year-to-date sales decline of nearly three percent. While sales have eased relative to last year’s record levels, activity is still far stronger than long-term trends and levels reported prior to the pandemic. At the same time, new listings have been trending down for this property type, keeping the inventory and months of supply relatively low compared to historical levels. While conditions are not as tight as earlier in the year, there has been some downward pressure on prices.

The monthly benchmark price peaked in May of this year and has eased by nearly four percent since then. However, on an annual basis, benchmark prices remain nearly 12 percent higher than in 2021. The North district reported a higher annual price gain of over 18 percent. Row Significant reductions in new listings weighed on sales over the last few months of the year. Despite recent shifts, annual sales in the city reached a new record high, with 5,153 sales in 2022. Not only was it a record year, but sales were nearly double long-term trends.

Higher lending rates are driving more purchasers toward the more affordable row options. While new listings were still higher than last year’s levels on an annual basis, the recent pullback combined with relatively strong sales has caused inventory levels to fall. As of December, inventory levels were at the lowest since 2013. This has ensured that this segment of the market continues to favour the seller. While prices have eased by just over one percent from the June peak, overall year-to-date prices are nearly 15 percent higher than last year.

Apartment Condominium Unlike other property types, apartment condominium sales continue to rise above the previous year’s levels throughout the year. This caused year-to-date sales to rise by 50 percent to 6,221 units, a new record high. Demand for affordable product, along with renewed investor interest thanks to rental rate growth, helped support sales growth. Gains in this sector were also possible thanks to the growth in annual new listings. However, like other sectors, the increase in new listings was not enough to outweigh the sales growth, and inventory levels trended down to levels not seen since 2013. After several years of being oversupplied, the shift to tighter conditions supported annual price gains of nearly nine percent. While price gains occurred across every district, citywide prices remain well below the previous highs reached back in 2014.

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I have sold a property at 127 Tuscany Ridge COMMON NW in Calgary

I have sold a property at 127 Tuscany Ridge COMMON NW in Calgary. See details here

PERFECT FAMILY HOME in the best location has been extensively upgraded with tile floors and brand new birch hardwood flooring to the main floor - there is even hardwood on the second floor in the hall and all bedrooms. The open floorplan features a family room with three-sided fireplace and is flooded with natural light, a spacious eating area and a gorgeous kitchen with a maple kitchen and upgraded stainless appliances including a brand new dishwasher, newer oven, spacious corner pantry and an upgraded tile backsplash. The mud/laundry room leads to the very nicely landscaped and fenced backyard, which also includes an oversize 20x22 garage. The second floor offers three good-sized bedrooms and a master bedroom complete with a separate ensuite. The basement is unspoiled and includes a 3 piece bathroom and wet-bar rough-in ready for your finishing touches. Walking distance to schools, Tuscany club and all the amenities you need make this the perfect place to call home!!!

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I have sold a property at 112 Christie Park MEWS SW in Calgary

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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New property listed in Christie Park, Calgary
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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Calgary Real Estate Market Update for August!!

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
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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Calgary Market Changing!!

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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