I have sold a property at Innisfail. See details here

ATTENTION CAR COLLECTORS* LEGAL Suite in Commercial Bldg. This building was custom built to house a private collection plus provide a RESIDENCE for the owner. 5,200 square foot building divided into 5 parts. Part 1- is 6 private garage bays that have long term renters. Part 2- is a 4 Bay project shop closed off from the rest of the building perfect for restoration projects, equipped with a Compressor and 220v. Part 3- is 2 residences, On the main floor suite is just over 1,000sq.ft. 1 bedroom self contained Very nice Owner suite, One & half bath, and laundry. The 2nd is a tenant occupied smaller 1 bedroom 1 full bath suite on the mezzanine floor. Part 4- The main building space for vehicle storage is equipped with 3 lifts (included) that currently allows for storage of 13 vehicles More lifts can be added. Part 5- is a separate large bay for private owner parking, boiler room and customer washroom. All spaces are currently occupied rented to long term renters plus there is a waiting list. The Building has in-floor boiler heat and is well insulated, very clean and in excellent condition. In addition there are 7 C-cans on the property that stay, also rented out. The property is a ½ Acre so plenty more room for additional C-cans or RV storage. The lot is mostly paved, part is well graveled, it is level and fenced. Tons of possibilities with this Very Clean, Very well kept property.

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Nov. 01, 2022 | CREB

Sales remain stronger than pre-covid levels

City of Calgary, Nov. 1, 2022 – October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.

However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only two months to go, 2022 will likely post a record year in terms of sales.

“Calgary hasn’t seen the same degree of pullback in housing sales like other parts of Canada, thanks to persistently strong demand for our higher density product,” said CREB® Chief Economist Ann-Marie Lurie. “While our city is not immune to the impact that inflation and higher rates are having, strong employment growth, positive migration flows and a stronger commodity market are helping offset some of that impact.”

New listings also trended down this month causing the sales-to-new-listings ratio to rise to 85 per cent and inventories to trend down. Much of the inventory decline has been driven by product priced below $500,000.

While conditions are not a tight as what was seen earlier in the year, with only two months of supply, conditions remain tighter than historical levels. We are also seeing divergent trends in the market with conditions continuing to favour the seller in the lower-price ranges and shifting to more balanced conditions in the upper-price ranges.

As of October, prices have eased by four per cent relative to the highs reached in May. This is considered a relatively small adjustment when considering price movements in other large cities. It is also important to note that the October benchmark price is still nearly 10 per cent higher than levels reported last year.


Detached

Sales growth in the over $700,000 price range this month were not enough to offset the declines in the lower-price ranges, causing detached sales to ease by over 29 per cent compared to last year. Limited supply growth in the lower-price ranges continue to keep conditions exceptionally tight for lower-priced detached homes.

In October, inventory levels for detached homes were under 2,000 units, nearly 35 per cent lower than typical levels reported for the month. Moreover, over 42 per cent of the inventory falls in the upper-price ranges of the market. This is likely creating a situation where pricing trends will vary depending on price range.

Overall, detached prices did trend down relative to last month and peak levels in May but remain nearly 12 per cent higher than levels reported last October. The strongest year-over-year price gains have occurred in the North and South East districts.

Semi-Detached

While sales remain lower than last year’s levels in October, recent pullbacks have not offset gains from earlier in the year and year-to-date sales improved by nearly three per cent. A pullback in new listings relative to sales caused the sales-to-new-listings ratio to push above 80 per cent this month and inventories to ease, leaving the months of supply just over two months.

The benchmark price, while easing slightly compared to last month, remained over nine per cent higher than last year’s levels. Year-over-year price gains have varied from a low of nearly eight per cent in the City Centre to a high of 16 per cent in the North district.

Row

Row sales continue to rise relative to last year supporting a year-to-date gain of nearly 42 per cent. At the same time, new listings this month eased ensuring that the sales-to-new-listings ratio remain exceptionally tight at 106 per cent. Falling inventories and improving sales have ensured this market continues to favour the seller with less than two months of supply. This has also prevented the same adjustment in price.

As of October, the benchmark price was $361,200, less than one per cent lower than the peak achieved in June of this year. Overall, prices remained nearly 15 per cent higher than last year’s levels. The strongest price gains occurred in the South East, North East and North districts.

Apartment Condominium

Apartment sales continue to rise over levels reported last year contributing to the year-to-date increase of over 56 per cent. Improving sales were also met with gains in new listings, but as the growth in sales outpaced the new listings activity, inventory levels continue to trend down. As of October, the months of supply remained just below three months, the lowest level recorded in October since 2013.

In October, the benchmark price was $277,800, similar to last month and nearly 11 per cent higher than last year’s levels. Some of the strongest price gains have occurred in areas outside of the City Centre. Despite persistent price growth, overall prices remain nine per cent below previous highs set back in 2014.

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SEPTEMBER HOUSING MARKET UPDATE
Oct. 3, 2022


Demand shifting to more affordable options


Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year.

However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September. Despite recent pullbacks in sales, and thanks to strong levels earlier in the year, year-to-date sales remain 15 per cent higher than last year’s levels.

“While demand is easing, especially for higher priced detached and semi-detached product, purchasers are still active in the affordable segments of the market, cushioning much of the impact on sales,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, we are seeing new listings ease, preventing the market from becoming oversupplied and supporting more balanced conditions.”

In September, new listings declined by ten per cent. With a sales-to-new-listings ratio of 72 per cent, it was enough to prevent any gain in inventory levels, which declined over last month and were nearly 21 per cent lower than last year’s levels. The adjustments in both sales and supply levels have caused the months of supply to remain relatively low at less than three months.

The shift to more balanced conditions is causing some adjustments to home prices. While prices have slid from the highs seen in May, as of September, benchmark prices remain 11 per cent higher than last year and six per cent higher than levels reported at the beginning of the year.

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I have sold a property at 30 Brae Glen COURT SW in Calgary.
Updated End Unit. Over 1,400 sqare feet of living space. This fully finished Townhouse has 3 large Bedrooms. The Primary is huge with 2 Big closets. Floor Plan is very functional with Very large Living room and Dinning room on separate levels separated by only a few steps. Big Kitchen that was recently updated looking out at a fenced backyard and backing onto Green Space. Plenty of big windows make this home bright and inviting. This Complex has had a MAJOR Exterior upgrades including Windows, Roof, Siding. NO SPECIAL ASSESMENT. Home is occupied by excellent tenants that wish to stay (Lease expires November 2023) **Note Pictures taken before tenants moved in. Bedroom carpets have been removed and replaced with laminate flooring. Excellent Investment Opportunity!!
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I have sold a property at 220 52 Cranfield LINK SE in Calgary.
Fantastic Amenities, Great Location. Adult only building (18+) Very well kept property. Amenities include; Car wash, Fitness Centre, Sauna, Hot tub, Party room, Theatre, Library, and Tons of parking. The home has been nicely updated with Top quality "Silent Plank Flooring" , Base boards, and Freshly painted. A "Gently Lived-in" Home. Very functional Open floor-plan, 2 larger bedrooms, Including King-size Master with a walk-in closet plus a 2nd "His closet" 4 piece en-suite. A second bedroom next to 2nd 4 piece bath, and laundry room. Huge living-room with a Balcony and Mountain views. Gorgeous big kitchen with a huge pantry. Heated Underground titled parking, with a storage locker. Elevators and stairs. The building is well managed and maintained. Recent upgrades include Newer Boiler, Newer roof. No special assessments. Photos taken when seller occupied. Call your favorite Realtor view today!!
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I have listed a new property at 19 Woodbrook GREEN SW in Calgary.
Great family home in a quiet Cul-de-sac. Long time owners have upgraded this lovely home over time including all 3 bathrooms, High efficiency furnace, shingles, and flooring. Stepping inside the front door is a large foyer with a huge formal living room on the right, on the left a formal dining room currently used as a den. The kitchen is huge with tons of counter and cupboard space open to a large family sized eating area with garden doors to a FABULOUS Backyard that is very private . The family room is spacious and cozy with a gas fireplace. French doors leading into the Formal living room. The laundry is on the main floor. Up stairs there is a generous loft area a great space for sitting room or TV room. There are 2 large bedrooms and a big upgraded 4 piece bath. The Master is HUGE with a big walk-in closet and Very nice En-suite. The lower level has a Very big rec-room, a fourth bedroom (window is not egress) and has a room with rough in for another full bath, and a big closet. The lower also offers tons of storage space. This is an ideal home for a busy family with plenty of space for everyone and allows plenty of room to entertain. In addition there are Parks and schools close by, shopping is 5 minutes away, (Costco & Safeway among others) Access to Stony Trail is very convenient, whether you work in the SE or Downtown it's an easy commute. Call your favorite Realtor today.
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Please visit our Open House at 2316 Paliswood ROAD SW in Calgary.
Open House on Saturday, July 30, 2022 1:00PM - 4:00PM
OPEN HOUSE Saturday 1-4pm **LOCATION! LOCATION! ONE block to spectacular South Glenmore Park. One of the few fully fenced playgrounds, this Park has something for the whole family including: Splash park, Tennis, Bicycle Pump track, Picnic area, Sailing school, Water fountain, Washrooms, Extensive Bike paths can take you to Heritage Park. (Check city website for more details) This amazing location provides easy access Downtown and is 10 minutes to Stony Trail. Inner-city location with easy access out of town is something you will appreciate. This home is perfect for a growing family, with 5 bedrooms, and 3 Bathrooms there is plenty of room for all. Inside the front door you are greeted by a Bright comfortable living room with Newer Hardwood floors a brick fireplace, a Spacious dining room with French door to Huge Kitchen with TONS of cupboards and counter space. The cupboards have some nice built-in features. There is a Gorgeous Family room with a Gas stove, patio doors to a BIG Private yard with a variety of fruit trees. Newer deck with gas line for Bar-B-Q. The main also has 3 Large bedrooms, the Primary has a 2 pcs En-suite. The Newer Main bath is Gorgeous! The Lower level has a family-size Rec-room, 2 big bedrooms and a Newer 4 piece bath. Laundry / Storage room is huge with tons of shelving. Furnace has been recently serviced and cleaned. This lovely home has had many upgrades over the years and has been well maintained by long time owners. On a quiet street (90 ave is close by but is not noisy or busy particularly in the evening) with lovely neighbors, in a premiere family neighborhood, this home is ready for a new chapter. The Garage is Over size, Insulated, HEATED, 220v. Call your favorite Realtor today your new home is waiting!
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I have listed a new property at 220 52 Cranfield LINK SE in Calgary.
Fantastic Amenities, Great Location. Adult only building (18+) Very well kept property. Amenities include; Car wash, Fitness Centre, Sauna, Hot tub, Party room, Theatre, Library, and Tons of parking. The home has been nicely updated with Top quality "Silent Plank Flooring" , Base boards, and Freshly painted. A "Gently Lived-in" Home. Very functional Open floor-plan, 2 larger bedrooms, Including King-size Master with a walk-in closet plus a 2nd "His closet" 4 piece en-suite. A second bedroom next to 2nd 4 piece bath, and laundry room. Huge living-room with a Balcony and Mountain views. Gorgeous big kitchen with a huge pantry. Heated Underground titled parking, with a storage locker. Elevators and stairs. The building is well managed and maintained. Recent upgrades include Newer Boiler, Newer roof. No special assessments. Photos taken when seller occupied. Call your favorite Realtor view today!!
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Please visit our Open House at 2316 Paliswood ROAD SW in Calgary.
Open House on Sunday, July 17, 2022 2:00PM - 4:00PM Nice House * Fabulous Location
OPEN HOUSE Sunday July 17, 2pm to 4pm **LOCATION! LOCATION! ONE block to spectacular South Glenmore Park. One of the few fully fenced playgrounds, this Park has something for the whole family including: Splash park, Tennis, Bicycle Pump track, Picnic area, Sailing school, Water fountain, Washrooms, Extensive Bike paths can take you to Heritage Park. (Check city website for more details) This amazing location provides easy access Downtown and is 10 minutes to Stony Trail. Inner-city location with easy access out of town is something you will appreciate. This home is perfect for a growing family, with 5 bedrooms, and 3 Bathrooms there is plenty of room for all. Inside the front door you are greeted by a Bright comfortable living room with Newer Hardwood floors a brick fireplace, a Spacious dining room with French door to Huge Kitchen with TONS of cupboards and counter space. The cupboards have some nice built-in features. There is a Gorgeous Family room with a Gas stove, patio doors to a BIG Private yard with a variety of fruit trees. Newer deck with gas line for Bar-B-Q. The main also has 3 Large bedrooms, the Primary has a 2 pcs En-suite. The Newer Main bath is Gorgeous! The Lower level has a family-size Rec-room, 2 big bedrooms and a Newer 4 piece bath. Laundry / Storage room is huge with tons of shelving. Furnace has been recently serviced and cleaned. This lovely home has had many upgrades over the years and has been well maintained by long time owners. On a quiet street (90 ave is close by but is not noisy or busy particularly in the evening) with lovely neighbors, in a premiere family neighborhood, this home is ready for a new chapter. The Garage is Over size, Insulated, HEATED, 220v. Call your favorite Realtor today your new home is waiting!
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I have sold a property at 199 Woodmont TERRACE SW in Calgary.
This updated corner unit with its own private backyard is the one you have been looking for! It’s surrounded by mature trees, shrubs and flower beds for gardening enthusiasts. The eat-in kitchen is filled with natural light and showcases full-height cabinetry, stainless steel appliances and granite counters. The living and dining room are open for ease of entertaining and feature large windows overlooking the beautifully landscaped front yard. You’ll love the built-in cabinetry in the back entry for your outerwear. Upstairs you’ll find 3 spacious bedrooms including the primary suite with its own armoire. Storage is abundant in the unfinished basement that’s ready for your finishing touches. Don’t miss out on this opportunity – call today!
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