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October 2024 CREB Market Update

The Calgary Real Estate Board released their latest market report.  Sales gains for home priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.

Detached Homes- benchmark price $753,900 an 8.1% increase since this time last year, with 2.05 months of supply.

Semi-detached Homes- benchmark price $677,000 an 8% increase since this time last year, with 2.05 months supply.

Row Housing- benchmark price $456,600, an 8.1% increase since this time last year, with 2.22 months of supply.

Apartments- benchmark price $341,700, an 11.4% increase since this time last year.  With 2.84 month of supply.

Airdrie market- unadjusted benchmark price of homes is $546,300, with 2.37 months of supply. Prices are up 5.3% since this time last year.

Cochrane market- unadjusted benchmark price of homes $571,800, with 2.34 months supply. Prices are up 6.1% since this time last year.

Okotoks market- unadjusted benchmark price of homes $618,300, an increase of 6.3% since this time last year.  With are 1.72 months of supply.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

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I have sold a property at 100 Windgate CLOSE SW in Airdrie

I have sold a property at 100 Windgate CLOSE SW in Airdrie on Nov 2, 2024. See details here

Spacious 4 BED/2.5 BATH property with MOUNTAIN VIEWS. Offering a substantial 2661 sq.ft. of above-grade living space plus a WALK-OUT BASEMENT. The basement needs work and the property is priced accordingly below the assessed value. This property presents an amazing opportunity for buyers to update to their own specifications and add value. Built by Mattamy Homes, the property is only 10 years old and backs onto a creek and environmental reserve meaning no neighbours directly behind. Situated in the popular southwest community of Windsong, this home is walking distance to shopping, schools, and the future SW recreation centre, and is an easy commute to Calgary. Featuring quality finishes such as HARDWOOD FLOORS, WOOD CABINET DOORS, GRANITE COUNTERS, and STAINLESS STEEL APPLIANCES. Stand-out design elements include tray ceilings in the grand foyer and the formal dining room, and vaulted ceiling and arched picture window in the open plan living space. The kitchen offers an abundance of cabinet and counter space plus has the added bonus of a butler’s pantry and a pantry closet. The west facing balcony provides a great place for BBQing, or sitting and watching the sun set over the mountains. On the main floor you will find a spacious den/office at the front of the property overlooking the front porch. A formal dining room, open plan kitchen/dining and living room, a laundry/mud room, a half bathroom, and an ATTACHED DOUBLE GARAGE with plenty of storage space. On the 2nd floor you will find an impressive master bedroom suite featuring a ‘his and hers’ walk-in closet, and French doors that lead into the luxurious master bathroom with double vanity, oversized shower, soaker tub, and separate toilet. There are two generous bedrooms, a large family bathroom, an oversized storage closet, and a bonus room with hardwood floors. The partially finished walk-out basement leads out to the beautiful back yard. Currently with recreational room and a 4th bedroom. You will also find a roughed in bathroom, an additional storage space, and the mechanical room with a dual zone furnace. The backyard has been landscaped extensively, the current owner is a keen gardener and has created a well-established garden with apples trees, herbs, rhubarb, lilacs, hostas, and lilies. And it provides immediate access onto the pathway behind- great for getting out and enjoying the pathway network of Airdrie. Immediate/negotiable possession date. Book a viewing with your favourite Realtor today and see why this would be a smart move for you!

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New property listed in Oakridge, Calgary

I have listed a new property at 505 2520 Palliser DRIVE SW in Calgary. See details here

Great investment opportunity: Spacious TOWNHOME unit backing onto central park/playground in the popular south west community of Oakridge, close to schools, shopping, and transportation with Immediate Possession. The property boasts 1158 square foot of living space with 2 BEDS/1 BATH and comes with partially covered PARKING right outside the front door. Entering the unit from the parking area, you will find a spacious foyer which provides a great place to put coats and shoes before going up the stairs to the main level. On the main floor level there is a bright kitchen with modern white cabinetry, a dining room with feature beam leading into the living room with patio doors opening onto a balcony that overlooks the central park/playground. There is also a convenient front door on this level leading onto a covered walkway. On the top floor you will find a good-sized primary bedroom, a second bedroom, plus a full bathroom with laundry area. This PET-FRIENDLY condo complex is in an amazing location, just around the corner from South Glenmore Park, and the Glenmore Reservoir. Adjacent to the Oak Bay Plaza with its many great services and restaurants. And is just two blocks to Nellie McClung elementary school. Transit is plentiful and getting around and out of the city is super easy with the quick access to Stoney Trail. Plus the SELLER WILL CONSIDER PROVIDING A ‘VENDOR TAKE BACK MORTGAGE’ AT PRIME (5.95%) TO QUALIFIED BUYERS WITH A MINIMUM DOWNPAYMENT OF $20,000. Contact your favourite Realtor today to book a showing and find out why this could be a smart move for you.

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New property listed in Oakridge, Calgary

I have listed a new property at 802 2520 Palliser DRIVE SW in Calgary. See details here

Great investment opportunity: Spacious END TOWNHOME unit in the popular south west community of Oakridge, close to schools, shopping, and transportation with Immediate Possession. The property boasts 1084 square foot of living space with 2 BEDS/1 BATH and comes with COVERED PARKING. Entering the unit from the parking area, you will find a convenient foyer with spacious closet, which provides a great place to put coats and shoes before going up the stairs to the main level. On the main floor level there is a kitchen, separate dining room, and a living room with patio doors opening onto a really good sized balcony-there is also a front door on this level leading onto the covered walkway. On the top floor you will find a good-sized primary bedroom, a second bedroom, plus a full bathroom with laundry area. This PET-FRIENDLY condo complex is in an amazing location, just around the corner from South Glenmore Park, and the Glenmore Reservoir. Adjacent to the Oak Bay Plaza with its many great services and restaurants. And is just two blocks to Nellie McClung elementary school. Transit is plentiful and getting around and out of the city is super easy with the quick access to Stoney Trail. Plus, SELLER WILL CONSIDER PROVIDING A ‘VENDOR TAKE BACK MORTGAGE’ AT PRIME (5.95%) TO QUALIFIED BUYERS WITH A MINIMUM DOWNPAYMENT OF $20,000. Contact your favourite Realtor today to book a showing and find out why this could be a smart move for you.

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