Righthome4U

08/04/2024

🏡 New Listing Alert! 🌟
Welcome to this impeccably maintained half duplex in the vibrant, rapidly growing community of Creekstone in Pine Creek. This standout property features a legal revenue suite, making it a fantastic turnkey opportunity for investors or anyone seeking a savvy mortgage helper.
Step inside and be greeted by a spacious open floor plan with 9-foot ceilings and light, neutral tones throughout. The modern kitchen boasts quartz countertops, a walk-in pantry, and stainless steel appliances. The generous living and dining areas are perfect for both entertaining and relaxation.
Upstairs, you'll find three cozy bedrooms, two stylish bathrooms, and a convenient laundry area. The primary bedroom offers a private ensuite and a walk-in closet, while the other two bedrooms share a full bathroom.
The lower level features a legal 1-bedroom basement suite with its own separate entrance, complete with stainless steel appliances, in-suite laundry, and extra storage space.
Located just minutes from upscale amenities like Sirocco Golf Club, Spruce Meadows, Gates of Walden, and Shawnessy Village, this property is also close to Silverado Shopping Center, parks, schools, Somerset Train Station, and public transportation. Plus, with easy access to McLeod Trail, navigating the city is a breeze.
Don't miss out on this incredible opportunity—schedule a viewing today! 📞✨ 403-540-5794 Listed $665,500 MLS A2155144

03/17/2024

01/06/2024

AS per CREB
Calgary - Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominiums style homes.

“Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels were low compared to the demand throughout the year, resulting in stronger than expected price growth.”

Inventory levels were persistently below long-term trends for the city throughout most of the year, averaging a 44 per cent decline over the 10-year average. We also saw the months of supply remain well below two months throughout most of the year across homes priced below $1,000,000.

The persistently tight conditions contributed to our city's new record high price. While the average annual benchmark price growth did slow from 12 per cent in 2022 to nearly six per cent growth in 2023, the price growth was still relatively strong especially compared to some markets in the country.

Detached
With an annual decline of nearly 20 per cent, the detached market saw the most significant decline in sales activity. While sales did improve for homes priced above $700,000, limited supply choices in the lower price ranges caused consumers to turn to alternative housing styles. Despite some recent gains in higher-priced new listings, inventories have remained near record lows, and the months of supply have remained relatively low throughout 2023.

The persistently tight market conditions have supported further price growth for detached homes, albeit at a slower pace than last year. On average, the benchmark price rose by nearly eight per cent in 2023, with the most significant gains occurring in the city's most affordable districts.

Semi-Detached
Like the detached sector, year-over-year sales growth since May was not enough to offset the pullbacks at the beginning of the year, leaving 2023 sales down by 10 per cent. The decline in sales was driven by pullbacks for homes priced under $500,000, while sales improved for higher-priced properties. The decline in the lower range was primarily due to limited supply choices, preventing stronger sales.

Persistently tight market conditions this year caused prices to trend up throughout most of the year. On an annual basis, the benchmark price rose by seven per cent over last year—a slower gain than the 12 per cent reported in 2022, but still relatively strong. Price growth ranged from a low of six per cent in the city centre to over 16 per cent in the east district.

Okotoks
Supply has been a challenge in Okotoks, impacting sales and prices. While we have seen some improvements lately regarding the level of new listings compared to sales, inventories have remained near record lows and averaged 63 per cent below long-term trends on an annual basis.

Conditions have remained relatively tight throughout most of the year, especially throughout the busier spring season. Despite some monthly variation, prices generally trended up this year and, on an annual basis, rose by over six per cent.

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10/09/2023

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10/07/2023

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09/17/2023

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09/15/2023

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12/31/2022

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09/05/2022

Supply levels ease with fewer new listings in August
City of Calgary, September 1, 2022
August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.
While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.
For more information contact me 403-540-5794

04/03/2022

HERE IS A LOOK AT THE CALGARY REAL ESTATE MARKET IN MARCH 2022 – For the second month in a row, sales activity not only reached a monthly high but also hit new record highs for any given month. Gains occurred across every property type as they all hit new record highs.
With an unadjusted benchmark price of $518,600 this month, the monthly gain increased by another four per cent. After three consecutive gains, prices have risen by nearly $55,000 since December and currently sit nearly 18 per cent higher than last year’s levels.
Despite the strong start to the year, price gains and rising lending rates are expected to weigh on demand in the second half of this year. Nonetheless, persistently tight conditions will likely continue to impact the market over the next several months.
DETACHED
The benchmark price for detached properties rose to $620,500 in March, which is over $73,000 higher than December levels and 20 per cent higher than levels recorded last year. Gains in prices have also caused a significant shift in the distribution of homes, where over 57 per cent of the available supply is priced over $600,000.
ROW
Row sales reached an all-time record high this month, contributing to year-to-date sales of 1,550 units, which is a 96 per cent increase over last year. In March, the benchmark price reached $335,400, which is over four per cent higher than last month and nearly 17 per cent higher than last year.
APARTMENT CONDOMINIUM
Apartment sales continued to surge in March, contributing to the best start of the year on record. The sudden shift in demand could be related to less supply choice in lower price ranges for other property types, causing many to turn to the condominium market. In March, the benchmark price rose to $265,900 – nearly three per cent higher than last month and six per cent higher than last year.
Records were broken with all property types, a trend that was supported by a rush in new listings to the market as 5,485 homes came online. Still, relatively-low inventory is keeping market conditions in favour of home sellers.
For more info contact 403-540-5794