I have listed a new property at 508 BROOKMERE CR SW in Calgary.
Welcome to this beautiful four level split in Braside. On the main floor you are greeted by a formal living room & dinning room followed by a bright and open kitchen with stainless steel appliances. Sliding glass doors in the kitchen lead outside to a beautiful south facing yard complete with an interlock walkway, wooden deck, concert pad, green space & large shed. From the kitchen you can see the bright third level living room where you will find a stunning wood burning fireplace & full windows. The remainder of this level consists of a full bath + laundry room & large guest room. The forth level basement is completely finished with a large entertaining space ideal for the next game. On the top floor there are two bedrooms. There is also a double vanity full bath with modern detail. The master includes a half bath and custom fit wardrobes in the massive walk in closet. The amazing yard has south exposure, a shed, deck,patio, lush grass and a huge RV parking pad. Come check it out, this one's a beauty!
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I have listed a new property at 62 MILLRISE ME SW in Calgary.
Looking for your first home? Well, you have found it! Welcome to this beautiful four level split in Millrise. Walking into this home you are greeted by soaring vaulted ceilings more then 10 ft high. The formal room is situated at the front of the house allowing west sunlight in until late in the evening. The eat-in kitchen is also on this level with its gorgeous bleached oak cabinets. Upstairs you will find two large bedrooms including the master and a full bath. Downstairs on the third level is another full bath and large living room complete with a gas fireplace. This level also allows access to the large south facing deck off the back of the house. Heading downstairs you will be greeted by another large bedroom and storage room. This home has mature trees, a double detached garage and is situated on a quiet street in a great community. Its character and details will make you feel right at home. Call your realtor and set up your private viewing today.
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For the first time since December 2014, Calgary’s residential unadjusted benchmark prices improved over the previous month. Within the city of Calgary, housing prices totaled $454,100 in May, a monthly and year-over-year increase of 0.55 and 0.96 per cent.

 

“For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales activity,” said CREB® chief economist Ann-Marie Lurie. “This has helped prevent further declines in the unadjusted benchmark price.”

New listings in the city of Calgary totaled 3,161 units in May, a 27 per cent decrease over last year. Meanwhile, total inventory levels for the month were 5,342 units, 16 per cent higher than last year, but eight per cent lower than May levels recorded over the past five years and three per cent lower than average levels over the past 10 years.

Two measures of balance are the months of supply and the sales to new listings ratio. In May, the months of supply decreased to 2.43, while the sales to new listings ratio was 69 per cent, both within the norms for balanced conditions.

 

“Back in January, higher inventory levels relative to sales activity caused months of supply to rise above five months,” said CREB® president Corinne Lyall. “While some challenges continue to exist for sellers, depending on the property type, price and location, the decline in the months of supply points toward more stability for both buyers and sellers.”

Year-to-date the detached sector recorded the largest decline in new listings at eight per cent. While overall inventory levels are 12 per cent higher than last year’s levels, they remain well below the five and 10 year averages for May.

Detached sales activity in May totaled 1,366 units, with the majority of transactions occurring below $500,000. While conditions are not as tight as last year’s market conditions, which favoured the seller, over the first five months of this year activity in this price range has remained relatively balanced.

“This segment of the detached market continues to have a good amount of consumer activity, as many have taken advantage of the improved selection compared to last year,” said Lyall. “While some have waited for steeper price declines, to this point it just hasn’t happened across all areas of the market. This is partly related to activity in the under $500,000 segment.”

Meanwhile, year-to-date apartment sales and new listings totaled 1,383 and 3,229 units respectively. The May apartment benchmark price of $294,800 increased by 1.20 per cent compared to last month, but remains 0.2 per cent below May 2014 figures.

 

The apartment sector continues to remain the only sector where prices have contracted relative to last year’s figures.

“While the resale market has recorded an easing of upward inventory pressures, the new home sector has started to record some gains in inventory,” said Lurie. “Current new home inventories remain relatively low. However, the overall impact on Calgary’s housing prices will ultimately depend on the duration of the economic slowdown and the amount of inventory build-up in the new home sector.”

 

See the full report here

 

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