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I have sold a property at 1211 1818 Simcoe BOULEVARD SW in Calgary

I have sold a property at 1211 1818 Simcoe BOULEVARD SW in Calgary on Dec 28, 2023. See details here

Ready to be moved into. This very well maintained two bedroom, two bathroom condo overlooks the courtyard. No traffic noise here. Sunny days can be enjoyed from the sheltered south facing balcony and a warm fireplace will make those winter days just a little more enjoyable. With a bus stop at the front door, good access to the LRT, shopping and just down the hill from the new, soon to be opened Stoney Trail extension Dana Village is extremely well positioned as a great place and location to live in Calgary. Heated underground parking, good storage, air conditioning and amenities including banquet / social room, exercise area, library, workshop, car wash all to enjoy and share with the other folks who call Dana Village home. Check it out!

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I have sold a property at 46 Chaparral TERRACE SE in Calgary

I have sold a property at 46 Chaparral TERRACE SE in Calgary on Dec 18, 2023. See details here

1923 sq ft 3 bedroom 2 story with parklike private back yard on quiet street location in Popular Chaparral!! Front flex room can be a dining room or den. Kitchen features generous white cabinets, lots of counter space, large corner pantry, white appliances, gas range, and phone desk open to and joining the breakfast nook area with sliding doors to the amazing back deck and fenced botanical backyard. Living room area is open to the kitchen. Bright open area with large window and tile gas fireplace. Off front hall 2 pce bath with laundry area. Up to the second level you find an extra large bonus room with vaulted ceilings. perfect area for relaxing with tv or a good book, kids can have their own video game area. 3 bedrooms up, 4 pce bath plus Primary with 4 pce ensuite and large walk in closet. Basement area is unfinished and has roughed in plumbing, ready for your imagination. Enjoy summer with central air conditioning. Yard is like a private plant reserve with a huge variety of plants, pond and stream and shrubs. Outside shed for extra storage. Great family community with lake and all amenities. Public and Catholic Schools nearby. Home has newer asphalt shingles and newer siding. Gas BBQ outlet on deck.

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I have sold a property at 26 Discovery Ridge VIEW SW in Calgary

I have sold a property at 26 Discovery Ridge VIEW SW in Calgary on Dec 4, 2023. See details here

Stunning walk-out bungalow themed with bright and spacious functionality sits perched on a ridge in a private cul-de-sac with sunny south facing views, situated on a green belt. This custom-built home by Maillot Homes offers 2,950 square feet of developed living space, beautiful curb appeal with estate exterior finishes and an impressive high-pitch roof line. Enjoy an over-size double car garage measuring 23x24 ft with natural light from large stained-glass windows paired with an extended front driveway and extra parking. The garage extension and overhead lights would make a great workshop. Step into a spacious receiving area and be greeted with a bright and open floor plan, and experience soaring geometric vaulted ceilings/sky lights. Off the entry sits a massive custom designed laundry area with windows and cabinetry (formerly a den but would easily be converted back with the laundry moved back to the pantry). The formal dining room is definitely "family sized" and capable of hosting those large special occasions and is complimented by a recessed hutch/art niche area. The kitchen is genuinely amazing and features rich generous maple cabinetry, an abundance of raised granite counter space, and sits surrounded by lighter contrasting maple hardwood floor. Look up anytime to 16' full height vaulted ceilings. Groceries are easy with a walk-through pantry to the kitchen. A full high-end appliance package (gas stove-top), slate tile backsplash, and a handcrafted wood hood fan are all an added touch suited to every gourmet chef. The back of the main level opens to an extra-large outdoor living space where the deck runs the entire width of the home and the whole back exterior bathes in the sunny south exposure! Living room area, as with all the space on the main floor offers towering, vaulted ceilings and customized stained glass accented windows with arched tops. The primary bedroom is enormous and is positioned at the back of the home to take advantage of the both the views and sunlight and has an adjoining 5-piece bathroom (with soaker tub and separate shower) and a walk-in closet. Getting ready is easy with an extended vanity featuring two sinks, and a separate toilet location. The lower level comes with no detail overlooked and has a walk-out to a magnificent award wining garden area and covered patio. Accessed by an elegant open staircase into a games room area with vast space for entertaining, and is large enough for billiards, or foosball, or to make a large family area to cozy up in front of the fireplace and relax. No cold feet here. The walk-out level is multi-zoned with in-floor heat throughout. Equipped with a second large bedroom, a 4-piece bath, den, and storage space, this plan is fully utilized and perfect for guests or your older teenager. The utility area is quite large, and if more finished space is desired, there is an opportunity to add more here. This home is truly a stunner, and worth a look. Easy access for your appointment!

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NOVEMBER 2023 HOUSING MARKET UPDATE

December 1, 2023

Increased listings, strong sales, and price growth

New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.

Despite the year-over-year jump in new listings, inventory levels remained low thanks to relatively strong sales. With 1,787 sales in November, the sales to new listings ratio remained high at 80 per cent, and the months of supply remained below two months.

“Like other large cities, new listings have been increasing,” said CREB® Chief Economist Ann-Marie Lurie. “However, in Calgary, the gains have not been enough to change the low inventory situation thanks to strong demand. Our market continues to favour the seller, driving further price growth.”

As of November, the benchmark price was $572,700, up over last month and nearly 11 per cent higher than November 2022. Year-to-date, the average benchmark price has risen by over five per cent.

Detached

Limited supply choice for homes priced below $700,000 has been the primary cause of the decline in detached home sales. While November reported a marginal gain over last year, year-to-date sales have declined by 20 per cent. November saw a rise in new listings compared to the previous year, but higher-priced homes drove most gains. This has left the detached market with exceptionally tight conditions for prices below $700,000 and more balanced conditions for higher-priced homes. Overall, the month of supply remains exceptionally low at under two months.

Persistently tight conditions continue to cause further price gains in the detached market. As of November, the unadjusted benchmark price reached $699,500, a slight increase over last month and over 13 per cent higher than last November. While detached home prices are much higher than last year's levels in every district, year-to-date gains are the highest in the most affordable districts of the North East and East. 
 

Semi-Detached

November saw a boost in new listings compared to last year, helping to prevent a year-over-year decline in inventory levels. However, inventory levels are still over 40 per cent below typical levels seen in November. With a sales-to-new-listings ratio of 77 per cent and a month-of-supply below two months, conditions remain exceptionally tight, especially for homes priced below $700,000. 

Despite tight conditions, benchmark prices remained stable compared to last month. However, at an unadjusted benchmark price of $628,700, prices are still over 12 per cent higher than last year. The year-to-date average benchmark price has risen by nearly seven per cent, with the largest gains occurring in the North East and East districts.
 

Row

New listings rose again this month compared to last year. The 370 new listings were met with 267 sales, and for the first time since 2021, the sales-to-new-listings ratio fell below 75 per cent. The jump in new listings was enough to support a gain in inventory levels compared to last month and last year. While inventories are still nearly half the levels we traditionally see, this did help cause the months of supply to push up to 1.6 months, a significant improvement from the less than one month of supply that has persisted over the past seven months. While conditions are much more balanced in the higher price ranges, there is less than one month of supply for homes priced below $500,000.

Despite the shift away from exceptionally tight conditions, prices still rose over the last month and last year. As of November, the unadjusted benchmark price reached $429,100, 21 per cent higher than last November and an average year-to-date gain of nearly 13 per cent.
 

Apartment Condominium

Thanks to the relative affordability of the apartment-style homes, sales continued to reach record highs in November, contributing to year-to-date sales of 7,487. With one month left in the year, sales have already surpassed last year’s record high. This, in part, was possible thanks to the growth in new listings. While inventory levels are similar to levels reported last year, with less than two months of supply, conditions still favour the seller, placing further upward pressure on prices. 

The unadjusted November benchmark price reached $320,100 in November, a monthly gain of over one per cent and a year-over-year increase of 18 per cent. Year-to-date price gains have occurred across every district in the city, with some of the largest gains arising in the lower-priced North East and East districts.
 
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