Boletini & Co.-CIR Realty

04/09/2024

11/05/2023

🏠Community of the week 🏠 - Lakeview In Calgary

Lakeview is a residential neighborhood located in the southwest quadrant of Calgary, Alberta. It is bounded by Glenmore Trail to the north, Crowchild Trail to the east, Glenmore Park to the south and 37th Street to the west.The neighborhood has a variety of amenities, including schools, parks, and shopping, giving residents access to many local strip malls offering all kinds of shops and services. The Glenmore Reservoir is a major highlight, offering opportunities for boating, fishing, hiking, and cycling around the reservoir. The nearby Weaselhead Flats and North Glenmore Park provide additional green spaces for outdoor enthusiasts. Lakeview is well-connected to the rest of the city via major roadways such as Crowchild Trail and Glenmore Trail with transportation available, giving access to major bus routes serving the community. In terms of housing, Lakeview is a well-established community that offers primarily single-family homes, many of which were built in the 1960s, making it a great place for busy families on the go. The community offers a mix of housing styles, from bungalows to larger two-story homes.

See why Lakeview in Calgary may be the perfect place to call home!

10/05/2023

Calgary home sales at record highs in September, yet supply remains a challenge

Sales reached another record high in September with 2,441 sales. Despite the year-over-year gains reported over the past four months, year-to-date sales are still nearly 12 per cent lower than last year's levels.

New listings also improved this month compared to last year and relative to sales. This caused the sales-to-new listings ratio to fall to 76 per cent, preventing further monthly declines in inventory levels.

Nonetheless, inventory levels in September remained over 24 per cent lower than levels seen last year and, when measured relative to sales activity, has not changed enough to cause any significant shift in supply and demand balances. As of September, the months of supply has remained relatively low at less than two months.

“Supply has been a challenge in our market as strong inter-provincial migration has elevated housing demand despite higher lending rates,” said CREB® Chief Economist Ann-Marie Lurie. “While new listings are improving, it has not been enough to take us out of sellers’ market conditions.”

In September, the unadjusted residential benchmark price was $570,300, similar to last month and nearly nine per cent higher than last year.

Source: CREB

08/10/2023

JUST LISTED

📍546 Panamount Boulevard, NW, Calgary AB
💰$849,900
📐2,120 sq.ft.
🛏 5 (3 Above grade and 2 Below)
🚽3/1
MLS # A2072088

Call or DM for more information or to schedule a viewing!

08/05/2023

Calgary home prices reach new heights: July sees seventh consecutive monthly gain

Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18 per cent, reflecting the strongest July levels reported on record. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Despite recent gains, year-to-date sales have declined by 19 per cent over last year.

In line with seasonal expectations, sales and new listings trended down compared to last month. However, this had minimal impact on inventory levels, which remained near the July record low set in 2006. With a sales-to-new-listings ratio of 82 per cent and a months of supply of 1.3 months, conditions continue to favour the seller.

“Continued migration to the province, along with our relative affordability, has supported the stronger demand for housing despite higher lending rates,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, we continue to struggle with supply in the resale, new home and rental markets resulting in further upward pressure on home prices.”

In July, the unadjusted total residential benchmark price reached $567,700, marking the seventh consecutive monthly gain. Prices are now over four per cent higher than the previous peak in May of 2022.

Source CREB

07/14/2023

06/12/2023

🎉JUST SOLD🎉

Congrats to our client on the sale of their home in Okotoks!

If you're looking to buy or sell, contact us today to explore the real estate options available. 🏡

06/02/2023

🏡📈 May's Sales Soar to a New Record High! 📈🏡

May was a very busy month for Calgary real estate. With a surge in apartment condominium sales, we reached a record-breaking 3,120 sales—unprecedented for this month! 🎉 While we've experienced some ups and downs earlier this year, this positive shift reflects a promising trend.

Moreover, we're witnessing a decrease in new listings compared to last year, resulting in a limited inventory. The seller's market continues to thrive, with an 85% sales-to-new-listings ratio and only one month's supply of homes. As a result, home prices are soaring upward.

According to CREB® Chief Economist Ann-Marie Lurie, "Calgary's housing market keeps surpassing expectations, with increased sales activity this month. The rise in interest rates and rental rates has motivated more buyers to explore apartment condominiums. Fortunately, we've also seen a rise in new apartment listings, providing ample options for buyers. Calgary benefits from a robust job market and recent population growth, ensuring strong housing demand across all property types."

With persistently tight market conditions, prices have continued to climb. In May, the unadjusted benchmark price reached an impressive $557,000, over one percent higher than last month and nearly three percent higher than last year's monthly peak price of $543,000. 💰

If you're looking to make a move in this dynamic market, I'm here to assist you every step of the way. Reach out to us for all your real estate needs.

05/03/2023

Prices reach new record high

Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city.

“While sales activity is performing as expected, the steeper pullback in new listings has ensured that supply levels remain low,” said CREB® Chief Economist Ann-Marie Lurie. “The limited supply choice is causing more buyers to place offers above the list price, contributing to the stronger than expected gains in home prices.”

In April, sales reached 2,690 units compared to the 3,133 new listings. With a sales-to-new-listings ratio of 86 per cent, inventories declined by 34 per cent compared to last year and are over 45 per cent below long-term averages for April.

While sales have eased by 21 per cent compared to last year, the steep decline in supply has caused the months of supply to ease to just over one month. This reflects tighter market conditions than earlier in the year and compared to conditions reported last April.

Source: CREB

04/08/2023

JUST LISTED

📍2 Drake Landing Road, Okotoks, AB
💰$630,000
📐2170 Sq. Ft
🛏 3
🚽2.5
MLS

Welcome to 2 Drake Landing Road, located in the desirable community of Drake Landing in Okotoks. This beautiful home is 2,170 sq. ft and boasts 3 bedrooms and 3 bathrooms, making it the perfect space for a growing family.

Feel free to reach out if you would like more information!