New property listed in Highwood, Calgary

Posted on February 20, 2024 by Sheldon Zacharias

I have listed a new property at 78 Hounslow DRIVE NW in Calgary. See details here

Beautiful infill located on quiet street in popular area. Main floor features a large flex room/dining room at front of the home perfect for family gatherings and has cherry hardwood floors. Kitchen has classic pine cabinets and is bright and open to nook and living room areas. Kitchen has plenty of counter space, a window over sink, white appliances, cherry hardwood floors and sunshine ceiling. Breakfast noon is perfect for day to day meals. Living room is bright and open with large patio door with direct access to sunny deck and outdoor living space. The room is accented by the cozy stone feature gas fireplace. Upstairs are 3 bedrooms and a 4 pce bath. The primary bedroom offers a sunny Solarium. Lower level with large recroom, bedroom/den (window does not meet egress) and a 3 pce bath as well as the laundry area and utility room. The double detached garage features a huge roof top deck with newer dura deck cover (10 year warranty) for sun all year around. Central air was installed 4 years ago, new furnace installed 10 years ago, new asphalt shingles 10 years ago. This home has been well cared for by current owner.

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I have sold a property at 9 Christie Briar GREEN SW in Calgary

Posted on February 10, 2024 by Sheldon Zacharias

Posted in Christie Park, Calgary Real Estate

I have sold a property at 9 Christie Briar GREEN SW in Calgary on Feb 9, 2024. See details here

Beautiful Executive home in the heart of popular Christie Estates tucked away in a hidden cul de sac. Large well landscaped pie lot and treed yard fronting on to small park area. this home offers 4160 sq ft of developed living space on 3 levels as well as a triple car garage. Large front entry with two story vaulted ceiling open to the upper hall show cases the wrought iron spindles and front stair landing. Large main floor laundry area provides entry to side yard and to the garage along with a 2 pce bath. Main floor den with lots of built ins and plenty of light of 3 windows and 3 skylights. Rich oak wainscotting and French glass make a classy statement. Perfect at home office. Living room with one of 2 main floor fireplaces. The fireplace has elegant white stone front and white mantle and trim, extra high ceiling in the living room, open to the family size formal dining room through sliding doors. This dining room is designed for entertaining with room for a large family or special gatherings. There is a large recessed hutch area with two side windows for light and a serving door to the kitchen. and classic white crown molding for ceiling accents. Stunning updated kitchen with rich generous cabinets, heated floor, plenty of cabinets, extra large island with sink and small breakfast bar. Granite counters, high end stainless steel wolf gas range and wall ovens, miele dishwasher, subzero fridge and a beverage fridge. Classy sculpted wood hood fan for function and elegance, large window over the sink looks out into the private south and east yard. Kitchen has ceramic tile floors. This kitchen area joins and is open to the breakfast nook and the family room. Nook has vaulted ceilings and lots of windows for a bright cheery feel as well as a garden door to outdoor living in back yard with built in outdoor brick fireplace and built in bbq. Family room has 2 story soaring vaulted ceilings and is open to the upper hall. This room states comfort and class with stunning oversize white stone gas fireplace nestled between built ins. Ascend the open stairs to upper level and 3 bedrooms. Primary bedroom is large and has vaulted ceiling, large walk in closet and an exceptional upgraded 5 pce ensuite with soaker tub, his and hers vanity with lots of cabinets, heated floor, glass steam shower and private water closet area. Bedroom 2 offers an upgraded cheater ensuite and is extra large making it perfect for teens. The lower level is designed for family with a huge family room/games room area with wet bar and built in entertainment center. Bedroom 4 is located here and its next to 4 pce bath. There is an amazing amount storage area in the utility /furnace room area. Upgrades over the years include new acrylic stucco exterior, asphalt shingles, refinished garage doors, 2 furnaces and 2 hot water tank, new windows in the entire home, new landscaping and many other upgrades. Ideal location close to LRT, shopping, schools, parks, downtown

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New property listed in Christie Park, Calgary

Posted on February 2, 2024 by Sheldon Zacharias

Posted in Christie Park, Calgary Real Estate

New property listed in Christie Park, Calgary

I have listed a new property at 9 Christie Briar GREEN SW in Calgary. See details here

Beautiful Executive home in the heart of popular Christie Estates tucked away in a hidden cul de sac. Large well landscaped pie lot and treed yard fronting on to small park area. this home offers 4160 sq ft of developed living space on 3 levels as well as a triple car garage. Large front entry with two story vaulted ceiling open to the upper hall show cases the wrought iron spindles and front stair landing. Large main floor laundry area provides entry to side yard and to the garage along with a 2 pce bath. Main floor den with lots of built ins and plenty of light of 3 windows and 3 skylights. Rich oak wainscotting and French glass make a classy statement. Perfect at home office. Living room with one of 2 main floor fireplaces. The fireplace has elegant white stone front and white mantle and trim, extra high ceiling in the living room, open to the family size formal dining room through sliding doors. This dining room is designed for entertaining with room for a large family or special gatherings. There is a large recessed hutch area with two side windows for light and a serving door to the kitchen. and classic white crown molding for ceiling accents. Stunning updated kitchen with rich generous cabinets, heated floor, plenty of cabinets, extra large island with sink and small breakfast bar. Granite counters, high end stainless steel wolf gas range and wall ovens, miele dishwasher, subzero fridge and a beverage fridge. Classy sculpted wood hood fan for function and elegance, large window over the sink looks out into the private south and east yard. Kitchen has ceramic tile floors. This kitchen area joins and is open to the breakfast nook and the family room. Nook has vaulted ceilings and lots of windows for a bright cheery feel as well as a garden door to outdoor living in back yard with built in outdoor brick fireplace and built in bbq. Family room has 2 story soaring vaulted ceilings and is open to the upper hall. This room states comfort and class with stunning oversize white stone gas fireplace nestled between built ins. Ascend the open stairs to upper level and 3 bedrooms. Primary bedroom is large and has vaulted ceiling, large walk in closet and an exceptional upgraded 5 pce ensuite with soaker tub, his and hers vanity with lots of cabinets, heated floor, glass steam shower and private water closet area. Bedroom 2 offers an upgraded cheater ensuite and is extra large making it perfect for teens. The lower level is designed for family with a huge family room/games room area with wet bar and built in entertainment center. Bedroom 4 is located here and its next to 4 pce bath. There is an amazing amount storage area in the utility /furnace room area. Upgrades over the years include new acrylic stucco exterior, asphalt shingles, refinished garage doors, 2 furnaces and 2 hot water tank, new windows in the entire home, new landscaping and many other upgrades. Ideal location close to LRT, shopping, schools, parks, downtown

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January Calgary Real Estate Market Stats!

Posted on February 1, 2024 by Sheldon Zacharias

January Calgary Real Estate Market Stats!

January sees strong sales fueled by boost in new listings

January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000.

The rise in new listings relative to sales did little to change the low inventory situation in the city. With 2,150 units in inventory, levels are near the January record lows set in 2006 and are nearly 49 per cent below the long-term average for the month.

"Supply challenges have been a persistent problem since last year. This month's gain in new listings has helped provide options to potential purchasers, supporting sales growth. However, the growth in sales prevented any significant adjustments in supply, keeping conditions tight and supporting further price growth," stated Ann-Marie Lurie, Chief Economist at CREB®.

The months of supply in January was 1.3 months, falling over last month's and last year's levels. The persistent tightness in the market contributed to further upward pressure on home prices. The unadjusted benchmark price in January reached $572,300, a gain over last month and ten per cent higher than levels reported last January.

Detached

A boost in new listings helped support stronger sales this month. However, with a sales-to-new-listings ratio of 77 per cent, there was minimal change in the low inventory situation reported in the detached sector. New listings rose for all homes priced above $500,000, but the largest gains occurred in the over $700,000 market segment. Low inventory levels compared to sales prevented any improvement in the months of supply, which at 1.4 months was lower than levels reported last month and last January.

The exceptionally tight market conditions continued to drive further price growth. In January, the unadjusted detached price reached $702,200, nearly one per cent higher than last month and nearly 13 per cent higher than prices reported last year. Year-over-year price gains ranged from a low of 10 per cent in the City Centre and South East districts to a 27 per cent gain in the East district of the city.

Semi-Detached

With 223 new listings and 131 sales, the sales-to-new listings ratio fell to 59 per cent, the lowest level reported since 2020 and significantly improved over the 82 per cent average reported in 2023. The sudden shift did cause inventories to improve over the last month, but they remain well below long-term trends.

The unadjusted benchmark price in January was $625,000, slightly lower than last month but over 11 per cent higher than last January. The monthly decline was driven mainly by adjustments in the higher-priced districts of the West and City Centre.

Row

Like other property types, new listings and sales rose in January over levels reported last month and last year. However, with 322 new listings and 297 sales, the sales to new listings ratio remained exceptionally high at 92 per cent. This contributed to further reductions in inventory levels, and the months of supply once again fell below one month.

Limited supply and strong demand contributed to a rise in prices. In January, the unadjusted benchmark price reached $426,400, up over last month and nearly 20 per cent higher than levels reported in January 2023. While year-over-year prices are higher in every district, the West and City Centre districts saw unadjusted benchmark prices ease slightly over December.

Apartment Condominium

Apartment-style properties continued to see the most significant gain in sales activity, rising to 488 sales in January, a year-over-year increase of 54 per cent. This was possible thanks to the growth in new listings. However, the gain in listings did little to supply levels; with 682 units, inventories were 40 per cent below long-term trends.

Tight market conditions continued to contribute to further price gains. In January, the unadjusted benchmark price reached $324,000, nearly one per cent higher than last month and 19 per cent higher than last January. Prices rose across all districts, with the largest year-over-year gains occurring in the most affordable districts of the North East and East.

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