I have sold a property at 55 Hunter STREET NW in Calgary

Posted on August 31, 2024 by Sheldon Zacharias

I have sold a property at 55 Hunter STREET NW in Calgary on Aug 30, 2024. See details here

Beautiful location on this 1055 sq ft immaculate bungalow with fully dev basement and huge double detached garage. This is also an R-C2 zoned property on extra large corner lot. Well manicured and fenced yard. Extra long driveway is deal for 3 cars or RV parking. 24 x 26 double detached garage with lots of parking and storage. Quiet street location with home next to large playing field. Lovely outdoor patio area for bbqing. Main floor starts with extra large living room and dining room area, plenty of light from the large picture window. Upgraded kitchen with rich generous cabinets and granite counters. Stainless steel appliances including Fridge, stove, microwave and dishwasher. Durable ceramic tile floor, large kitchen window with lots of sun and a cosy breakfast nook area. 3 bedrooms on the main floor plus a large updated 3 pce bath with ceramic shower. The lower level offers large family room area, 4th bedroom (window does not meet egress) , laundry area and an updated 4 pce bath. Bathroom features multiheaded tub and shower enclosure, large vanity, lots of ceramic tile accents. Laundry room and hall area with lots of built in storage, Home is very well cared for. Great home, super investment.

Read

New property listed in Discovery Ridge, Calgary

Posted on August 31, 2024 by Sheldon Zacharias

Posted in Discovery Ridge, Calgary Real Estate

New property listed in Discovery Ridge, Calgary

I have listed a new property at 382 Discovery Ridge BOULEVARD SW in Calgary. See details here

Beautiful Executive home located on a large corner lot in Popular New Discovery. Enjoy privacy on a treed lot, siding onto a quiet cul de sac and nestled only a stroll away from the popular Griffith Woods. This appealing home boasts a stone and stucco exterior with wood batten accents and a steep roof pitch, all providing this home with tons of character. The two-car attached garage is over sized and features a large workshop /storage area. Step in the front door to a roomy foyer and a bright and open plan encompassing the great room, kitchen and dining area on the main floor, with extended high ceilings in addition. The great room has a modern gas fireplace centered between accent windows, engineered hardwood, and large south facing windows which offer plenty of sunlight. The kitchen is extra large in size with generous rich maple cabinets, a large center island with a sit-down breakfast nook, quartz countertops, a bonus window over sink, large walk in pantry, wine rack, and stainless steel appliances, including gas stove. The kitchen and main area is complimented with overhead pot lights as well. The expansive open area on the main level and windows makes an “atrium " like feel. Exit outside to a beautiful treed back yard setting through a garden door, and an extended covered balcony addition with covered storage under the deck. This space is fit to enjoy, even on a rainy day, and it feels large, open and well lit with vaulted ceilings, soffit, and pot lights, and is accented with powder coated railing and retreated with the privacy of natural tree cover. The South back yard exposure opens up and lengthens your evening enjoyment and sunshine. Also on the main floor is a 2-piece powder room and a separate laundry area/mud room with door to garage. On the 2nd level up the stairs to the right you have a really functional and unique bonus room area with vaulted ceilings, a corner gas fireplace, large window and a hidden den area/office with privacy for work at home or a reading retreat. There are 3 generous bedrooms located upstairs starting with the extra large primary suite which includes a 5 piece ensuite bath and a walk in closet. The ensuite bath offers a large vanity with his/her sinks, an abundance of cabinet/drawer space and storage, a large soaker tub, tiled floors, tiled shower with glass entrance, a makeup vanity and mirror, and natural light from the two large windows. The two other bedrooms round out and complete the upper floor. Rest well with the cool air from your Central A/C! The basement area is unspoiled, just waiting for your special touch. This home is in immaculate condition and well cared for. The specific location of this home on the end of Discovery Ridge Boulevard means low traffic, and quick access to the park. Discovery has long been a destination area for nature lovers who enjoy the paths, river, parks and tranquil setting of the woods.

Read

New property listed in Highwood, Calgary

Posted on August 22, 2024 by Sheldon Zacharias

Posted in Highwood, Calgary Real Estate

New property listed in Highwood, Calgary

I have listed a new property at 55 Hunter STREET NW in Calgary. See details here

Beautiful location on this 1055 sq ft immaculate bungalow with fully dev basement and huge double detached garage. This is also an R-C2 zoned property on extra large corner lot. Ideal for re development or suite. Well manicured and fenced yard. Extra long driveway is deal for 3 cars or RV parking. 24 x 26 double detached garage with lots of parking and storage. Quiet street location with home next to large playing field. Lovely outdoor patio area for bbqing. Main floor starts with extra large living room and dining room area, plenty of light from the large picture window. Upgraded kitchen with rich generous cabinets and granite counters. Stainless steel appliances including Fridge, stove, microwave and dishwasher. Durable ceramic tile floor, large kitchen window with lots of sun and a cosy breakfast nook area. 3 bedrooms on the main floor plus a large updated 3 pce bath with ceramic shower. The lower level offers large family room area, 4th bedroom (window does not meet egress) , laundry area and an updated 4 pce bath. Bathroom features multiheaded tub and shower enclosure, large vanity, lots of ceramic tile accents. Laundry room and hall area with lots of built in storage, Home is very well cared for. Great home, super investment.

Read

Market Update

Posted on August 1, 2024 by Sheldon Zacharias

JULY 2024 HOUSING MARKET UPDATE

August 1, 2024

Supply levels improve, taking some pressure off prices

With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory. Inventories rose to 4,158 units, still 33 per cent below what we typically see in July, but the first time they have pushed above 4,000 units in nearly two years.

Although the majority of supply growth occurred for homes priced above $600,000, the rise has helped shift the market away from the extreme sellers’ market conditions experienced throughout the spring.

“While we are still dealing with supply challenges, especially for lower-priced homes, more options in both the new home and resale market have helped take some of the upward pressure off home prices this month,” said Ann-Marie Lurie, Chief Economist at CREB®. “This is in line with our expectations for the second half of the year, and should inventories continue to rise, we should start to see more balanced conditions and stability in home prices.”

July sales eased by 10 per cent over last year's record high but were still higher than long-term trends for the month. Like last month, the pullback in sales has been driven by homes priced below $600,000.

Nonetheless, the gain in inventory combined with slower sales caused the months of supply to rise to 1.8 months, still low enough to favour the seller but a significant improvement from the under one month reported earlier this year.

Improved supply helped slow the pace of monthly price growth for each property type. In July, the total residential benchmark price was $606,700, similar to last month and nearly eight per cent higher than last year's levels.

Detached

Detached home sales in July fell by eight per cent, as the 15 per cent rise for homes priced above $600,000 was not enough to offset the 50 per cent decline occurring in the lower price ranges.

The decline in the lower price ranges reflects limited availability as inventories and new listings continue to fall for lower-priced homes. Year-to-date detached sales have eased by just over one per cent compared to last year.

With 1,098 sales and 1,721 new listings this month, inventories rose to 1,950 units. Inventories are still low based on historical levels, but the gain did help push the months of supply up to nearly two months and supports some stability in prices. The unadjusted benchmark price in July was $767,800, similar to last month but 11 per cent higher than last July.

Semi-Detached

Relative affordability continues to attract purchasers to the semi-detached sector. While sales did slow slightly compared to last year, year-to-date sales reached 1,518 units, six per cent higher than last year.

The growth in sales was possible thanks to gains in new listings. However, conditions remain relatively tight, with a 76 per cent sales-to-new listings ratio and months of supply of 1.5 months.

While the pace of monthly price growth has slowed, at an unadjusted benchmark price of $687,900, prices are nearly 12 per cent higher than last year. The highest price growth continues to occur in the city's most affordable North East and East districts.

Row

Gains in row new listings relative to a pullback in sales caused the sales-to-new listings ratio to fall to 73 per cent this month. This supported gains in inventory levels, and the months of supply rose to 1.3 months.

While conditions continue favouring the seller, the shift prevented further monthly price gains this month. Nonetheless, at a benchmark price of $464,200, levels are still nearly 15 per cent higher than last year. Year-over-year price gains have ranged from a low of 13 per cent in the City Centre and North districts to over 20 per cent in the North East and East districts.

Apartment Condominium

Sales in July slowed to 659 units, as a significant drop in sales occurred for properties priced below $300,000. Like the other property types, limited supply choices for the lower-priced units prevented stronger sales activity.

New listings in July were 1,043 units, high enough to cause the sales-to-new listings ratio to fall to 63 per cent. This supported inventory gains and months of supply of over two months. Improved supply relative to sales helped slow the pace of monthly price growth.

However, the unadjusted benchmark price of $346,300 is still 17 per cent higher than levels reported last year at this time.

REGIONAL MARKET FACTS

Airdrie

New listings in July rose to 287 units, the highest level ever reported for July. At the same time, sales slowed to 186 units, supporting some gains in inventory levels. While inventories have improved, the 298 units are still 26 per cent lower than typical levels seen in July.

Inventory gains have occurred across most price ranges in Airdrie but conditions continue to remain relatively tight, especially in the lower price ranges of each property type. Overall, the unadjusted benchmark price in July was $553,900, similar to last month but eight per cent higher than last year's levels.

Cochrane

July sales improved over last year’s levels, contributing to the year-to-date gain of nearly eight per cent. While new listings also improved compared to last year in July, it was not enough to cause any significant shift from the low inventory levels.

With a sales-to-new-listings ratio of 83 per cent and months of supply of 1.5 months, the market remained relatively tight, and prices continued to rise. In July, the unadjusted benchmark price reached $576,600, nearly one per cent higher than last month and nine per cent higher than last year’s levels.

Okotoks

A pullback in sales relative to new listings helped support gains in higher inventory levels in Okotoks. While inventory levels are 25 per cent higher than last year, the 85 units still reflect exceptionally low inventory levels and are half the levels typically seen in July.

With a sales-to-new listings ratio of 78 per cent and months of supply of 1.3 months, conditions continue to favour the seller. While there have been some monthly price fluctuations, the unadjusted benchmark price in July reached $622,200, over six per cent higher than last July.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

Read