Sheldon Zacharias : RE/MAX Realty Professionals : Archived blog posts for : 2023

New property listed in Signal Hill, Calgary

Posted on January 21, 2023 by Sheldon Zacharias

Posted in Signal Hill, Calgary Real Estate

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.

Read

New property listed in Queensland, Calgary

Posted on January 20, 2023 by Sheldon Zacharias

Posted in Queensland, Calgary Real Estate

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.

Read

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

Posted on January 19, 2023 by Sheldon Zacharias

Posted in Strathcona Park, Calgary Real Estate

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!!

Read

New property listed in Strathcona Park, Calgary

Posted on January 14, 2023 by Sheldon Zacharias

Posted in Strathcona Park, Calgary Real Estate

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!!

Read

The Calgary Real Estate Year End 2022!!

Posted on January 3, 2023 by Sheldon Zacharias

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.

Read