I have listed a new property at 139 AUBURN BAY CL SE in Calgary.
Located just steps from the South Calgary Hospital this home is sure to impress. The main floor feature soaring vaulted ceilings with a massive master bedroom, 2nd bedroom or den with an open kitchen and great room concept. The kitchen is loaded with cupboard and counter space and has a center island with eating bar, black appliances and hardwood floors. The great room features a cozy corner fireplace. The nook leads to an east exposed manicured yard with patio to soak up all the morning sun. The basement is finished with another generous bedroom and a great space for the big screen as well as more space for the games room or home gym. There is also laundry and a great storage area. Priced below the Auburn Bay average this home is ready for it's new owner today!
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I have listed a new property at 164 CRANARCH TC SE in Calgary.
This beautiful home built in 2014 is located on a quiet street just steps away from walking paths and breathtaking views. The main floor has 9ft ceilings with an open concept floor plan. Features a gas fireplace, gourmet kitchen with full height cabinets, granite countertops, large island & stainless steel appliances. There is hardwood throughout, including the main floor office nook, 2 pc bath and walk-thru pantry leading to the two car garage. Upstairs you will enjoy the convenience of upper level laundry room. No more lugging laundry up & down the stairs for you! There is also a bonus room, two large additional bedrooms & a 4 piece bathroom. The master retreat includes a spa-like en suite featuring his & her sinks, a large soaker tub, tile & glass shower as well as a spacious walk in closet with a window. The backyard faces west offering sunlight well into the evening ideal for entertaining. Window coverings are included as is an extended 10yr warranty and irrigation system. Call today!
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I have sold a property at 173 West Creek PD W in Chestermere.
This home is all about lifestyle! The HUGE south facing yard backs onto a large pond that connects to kilometers of pathways throughout the community. It is walking distance to both elementary & middle schools & has wonderful neighbors who even host an annual block party! The home itself is stunning, with a vaulted ceiling entrance & formal dining area followed by a newly renovated, eat-in kitchen & large island that faces the living room. A door to the deck & large windows allow the sun to come into the main living areas from dusk until dawn. Upstairs there are 2 kid/guest rooms, & a 3 piece bathroom. The master has a walk-in closet and large ensuite with double sinks, jetted tub, full shower & water closet. The basement is a bright, fully renovated walk-out with two additional bedrooms & entertainment area. This home is the full package, bright & beautiful space with gorgeous upgrades, stunning location & a warm community that is just waiting for you to come join in the fun! Call today!
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I have listed a new property at 247 MCKENZIE TOWNE DR SE in Calgary.
Looking for a beautiful place to raise your growing family? This home has it all. Open main floor covered in rich hardwood and travertine flooring. The flex room is great for a kids play room, home office or dining area. Enjoy a cozy night in the great room sitting by the fire. The functional kitchen has gorgeous oak cabinets, an eat up bar, and corner pantry. The nook leads to a back yard oasis with an elevated deck, gleaming stamped concrete patio and a massive 26x24 heated garage with a 60amp 120/240 volt sub panel! The upper floor has two generous bedrooms for the kids and the expansive master is complete with a spa like en suite and walk in closet. The basement is fully finished with a 4th bedroom, media and rec spaces as well as another full bath with in-floor heating and storage. This home is loaded with extras including: Central AC, 9 ft ceilings, vacuflo, and so much more. Make your appointment to view today!
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Below you will find the CREB® first quarter commentary from this weeks March 2015 report. 

Please feel free to contact me directly to recieve the full CREB® March 2015 report. 


Calgary, April 1, 2015 - Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions are consistent with buyers’ market conditions.

 

Typical home prices have declined by 0.59 per cent in the first quarter of2015, compared to the fourth quarter of 2014. The sales to new listings ratio also dropped to 41 per cent and months of supply averaged 4.03 for the quarter. This is a significant change from one year ago when the market was facing inventory shortages and price gains.

 

“Based on current sales activity and rising supply levels, the change in pricing does not come as a surprise,” said CREB® chief economist Ann-Marie Lurie. “However, the recent price adjustments have not eroded all the higher than expected price gains recorded last year. While conditions have likely tempered growth in new listings, further near term price adjustments will be dependent on changes to inventory levels.” said Lurie.

 

Sales activity fell by nearly 30 per cent in March, compared to this time last year, and remains well below 10-year averages. City of Calgary sales totaled 3,843 units at the end of the first quarter.

 

“In this market, buyers and sellers should be thinking about their short term and long term objectives,” said CREB® president Corinne Lyall. “This is a challenging economic time and people need to know their long game, so they can make the right real estate choices for today and tomorrow.”

 

While Calgary’s housing market has demonstrated buyer market conditions for the first quarter, the recent pullback in new listings in March has helped ease the growth in inventory levels, resulting in better absorption rates.

 

The apartment sector has the highest months of inventory in Calgary. This has resulted in higher quarterly price declines in this sector, when compared to the detached and attached sectors. By the end of March, the apartment quarterly benchmark price declined by 1.46 per cent, against the previous quarter. This compares to the 0.4 per cent declines in the detached and attached sector over the same time frame.

 

“Market influence is always wide-ranging and everyone has different reasons for making a move,” said Lyall. “Consideration must be given to the amount of inventory that’s available for a similar property based on the specific features of that home. The amount of competition for a property is often what influences the price that buyers and sellers will agree on.”

 

When considering the inventory that is available in the City of Calgary, there are 878 units priced under $300,000, of which 99 per cent are either apartment or attached product. The majority of inventory falls in the range of $300,000 to $600,000, of which 56 per cent of the product is detached. Meanwhile, at the other end of the spectrum, there are 1,933 units in inventory at a price over $600,000, of which more than 72 per cent are detached homes.

 

“Concerns in the energy sector continue to persist, and employment figures are starting to support those concerns,” said Lurie. “In February, employment figures pointed towards job losses related to the energy sector. While monthly employment gains offset the losses, most of the gains were in the traditionally lower paying industries such as the personal services sector. If this trend continues, it may influence the composition of housing demand,” said Lurie.

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