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January 2025 CREB Market Update

The Calgary Real Estate Board released their latest market report:  Following three consecutive years of limited supply choice, inventory levels rose to 3,639 units. While the 70% year over year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January, with some of the largest gains driven by apartment-style condominiums.

Detached Homes- Benchmark price $750,800 and 2.15 months of supply. With 1,448 units of inventory which is 27% lower than traditional levels. More balanced contions are taking shape in the City Centre and North East districts. On a seasonally adjusted basis prices have remained relatively stable since the second half of last year.

Semi-detached Homes- Benchmark price $673,600 with 1.92 months supply. Invenotry levels at 307 units. There is significant variation depending on district with some locations reporting higher months of supply and modest monthly price declines.

Row Housing- Benchmark price $444,900 with 2.38 months of supply. Inventory of 589 units is more than double the near-record low levels report last January. Improving supply has taken the pressure off home prices.

Apartments- Benchmark price $331,400 with 3.5 months of suppy. With inventory of 1,295 this is much higher than the levels seen over the past three years but nowhere near the 9 months of supply seen in the January before the pandemic. Improved supply has weighed on prices in the last 5 months, with some of the largest declines seen in the North, West, and South.

Airdrie market- unadjusted benchmark price of homes is $537,300, with 2.6 months of supply. Prices are up 4% since this time last year.

Cochrane market- unadjusted benchmark price of homes $565,900, with 2.2 months supply. Prices are up 5% since this time last year.

Okotoks market- unadjusted benchmark price of homes $614,900 an increase of 5% since this time last year.  With are 2.19 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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New property listed in Hillhurst, Calgary

I have listed a new property at 14 1717 Westmount ROAD NW in Calgary. See details here

Location, Location, Location! This updated one bedroom open-plan unit is situated in the sought-after inner-city neighbourhood of Hillhurst. Just steps from Kensington with its shopping, restaurants and entertainment, a few blocks to the Bow River pathway where you can quickly connect to downtown, and transit just around the corner. This bright, south facing apartment features a newer kitchen with GRANITE COUNTERS and STAINLESS STEEL APPLIANCES. Well-proportioned living areas with laminate flooring running throughout. A newer bathroom with subway tiled tub surround. And a practical entry with coat closet leading to the laundry room with washing machine. The PET-FRIENDLY property benefits from a conveniently located laundry room with large washer, dryer and laundry sink, and assigned STORAGE LOCKERS in a secure location. Westmount Manor is a well-run complex with low condo fees (all utilities included except electricity). The grounds are well kept, and include communal seating/picnic area, BIKE STORAGE, and a COMMUNAL PARKING LOT (each unit is permitted to park one vehicle). This property is perfect for anyone looking to be close to U of C, SAIT, Foothills or Alberta Children’s Hospital. And offers great value in a truly walkable location. Book your showing today with your favourite Realtor and see why this could be a smart move for you!

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New property listed in Elbow Park, Calgary

I have listed a new property at 4012 Elbow DRIVE SW in Calgary. See details here

*OPEN HOUSE SUN 12 JAN 1pm to 4pm* Exceptional value in the sought after inner-city neighbourhood of Elbow Park. This family-friendly home has over 3500 sq.ft. of finished living space with 5 bedrooms and 3.5 bathrooms, located on a large rectangular lot with a double garage and landscaped backyard. **- An amazing location, just one block to the Elbow River and to Elbow Park School. A few blocks to Stanley Park, and the Glencoe Club. Walking distance to shopping at 4th Street (Mission) and Britannia Plaza. And a quick commute to downtown by car, bike, or transit. **- This original 1914 property has been lovingly renovated keeping the heritage features, with a newer three level rear addition (2013) integrated sympathetically, all with the conveniences for modern living. Plumbing, electrical, heating systems, windows, exterior doors, Hardie Board siding, and flood mitigation measures all upgraded within the last 15 years. Including energy efficient radiant floor heating throughout, with HVAC units for ventilation and secondary heating. **- The interior exudes warmth and charm throughout. With hardwood floors, 9ft ceilings, ornate trim, original double pocket doors, and original push button light switches (with up-to- date wiring).**- On the main floor you will find: a home office located at the front of the property overlooking the front porch; a convenient main floor bathroom with custom vanity; a living room with separate reading nook; a formal dining area with south and east facing windows bringing in lots of natural light; leading to the kitchen with large island and modern two-tone cabinets plus practical under-stairs pantry. The casual dining area features banquette seating and French doors leading out to the deck with gazebo. Also on this floor is a laundry room with sink and an abundance of storage. The spacious back porch/mudroom with fitted closets, conveniently connects to the backyard. ***- Upstairs there are four bedrooms plus a bonus room. The primary bedroom, with hardwood floors running through the upper hallway, has double closets, and an ensuite bathroom. **- In the basement you will find a flex area which is currently used as a play area, a 5th bedroom, the 3rd full bathroom, a family room, a hobby room, and ample storage. You will also find the mechanical rooms located on this level. **- This character home is set back from the street with a mature tree out-front. The crushed-gravel driveway leads to the rear of the property where a parking area and detached double garage is located (built 2013). The landscaped back yard is lawned, with raised deck area, feature mural, and many trees. The property also includes all the play structures – perfect for families! This spacious home provides a remarkable opportunity to live in this extraordinary neighbourhood at a great price. 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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Open House. Open House on Sunday, January 12, 2025 1:00PM - 4:00PM

Please visit our Open House at 4012 Elbow DRIVE SW in Calgary. See details here

Open House on Sunday, January 12, 2025 1:00PM - 4:00PM

*OPEN HOUSE SUN 12 JAN 1pm to 4pm* Exceptional value in the sought after inner-city neighbourhood of Elbow Park. This family-friendly home has over 3500 sq.ft. of finished living space with 5 bedrooms and 3.5 bathrooms, located on a large rectangular lot with a double garage and landscaped backyard. **- An amazing location, just one block to the Elbow River and to Elbow Park School. A few blocks to Stanley Park, and the Glencoe Club. Walking distance to shopping at 4th Street (Mission) and Britannia Plaza. And a quick commute to downtown by car, bike, or transit. **- This original 1914 property has been lovingly renovated keeping the heritage features, with a newer three level rear addition (2013) integrated sympathetically, all with the conveniences for modern living. Plumbing, electrical, heating systems, windows, exterior doors, Hardie Board siding, and flood mitigation measures all upgraded within the last 15 years. Including energy efficient radiant floor heating throughout, with HVAC units for ventilation and secondary heating. **- The interior exudes warmth and charm throughout. With hardwood floors, 9ft ceilings, ornate trim, original double pocket doors, and original push button light switches (with up-to- date wiring).**- On the main floor you will find: a home office located at the front of the property overlooking the front porch; a convenient main floor bathroom with custom vanity; a living room with separate reading nook; a formal dining area with south and east facing windows bringing in lots of natural light; leading to the kitchen with large island and modern two-tone cabinets plus practical under-stairs pantry. The casual dining area features banquette seating and French doors leading out to the deck with gazebo. Also on this floor is a laundry room with sink and an abundance of storage. The spacious back porch/mudroom with fitted closets, conveniently connects to the backyard. ***- Upstairs there are four bedrooms plus a bonus room. The primary bedroom, with hardwood floors running through the upper hallway, has double closets, and an ensuite bathroom. **- In the basement you will find a flex area which is currently used as a play area, a 5th bedroom, the 3rd full bathroom, a family room, a hobby room, and ample storage. You will also find the mechanical rooms located on this level. **- This character home is set back from the street with a mature tree out-front. The crushed-gravel driveway leads to the rear of the property where a parking area and detached double garage is located (built 2013). The landscaped back yard is lawned, with raised deck area, feature mural, and many trees. The property also includes all the play structures – perfect for families! This spacious home provides a remarkable opportunity to live in this extraordinary neighbourhood at a great price. 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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Open House. Open House on Saturday, January 11, 2025 1:00PM - 3:00PM

Please visit our Open House at 802 2520 Palliser DRIVE SW in Calgary. See details here

Open House on Saturday, January 11, 2025 1:00PM - 3:00PM

**OPEN HOUSE SATURDAY 11 JAN 1PM TO 3PM**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 (5.45%) 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 (5.45%) 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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November 2024 CREB Market Update

The Calgary Real Estate Board released their latest market report.  In November, increased sales in detached, semidetached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month

Detached Homes- benchmark price $750,100 an 7% increase since this time last year, with 2.14 months of supply.

Semi-detached Homes- benchmark price $675,100 an 8% increase since this time last year, with 2.10 months supply.

Row Housing- benchmark price $454,300, an 7% increase since this time last year, with 1.98 months of supply.

Apartments- benchmark price $337,800, an 9% increase since this time last year.  With 3.45 months of supply.

Airdrie market- unadjusted benchmark price of homes is $543,300, with 2.73 months of supply. Prices are up 4.1% since this time last year.

Cochrane market- unadjusted benchmark price of homes $568,600, with 2.65 months supply. Prices are up 3.8% since this time last year.

Okotoks market- unadjusted benchmark price of homes $624,00, an increase of 6% since this time last year.  With are 1.44 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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Open House. Open House on Saturday, December 7, 2024 1:00PM - 4:00PM

Please visit our Open House at 1801b 41 STREET NW in Calgary. See details here

Open House on Saturday, December 7, 2024 1:00PM - 4:00PM

**OPEN HOUSE SATURDAY 7 DECEMBER 1PM TO 4PM**EXCEPTIONAL VALUE IN AN UNBEATABLE LOCATION. Fantastic DETACHED property in the desirable Northwest neighbourhood of Montgomery. Situated on a quiet street, this charming bi-level offers 3 BEDROOMS, 1.5 BATHROOMS, with almost 1300 SQ.FT of total finished living space. On the main floor you will find a good-sized living room with WOOD-BURNING FIREPLACE, and large window overlooking the magnificent mature tree out front. The updated kitchen features white shaker-style cabinet doors, QUARTZ COUNTERS, and STAINLESS STEEL APPLAINCES. The kitchen is open to the dining room with breakfast bar seating, and there is ample space for a large dining table. Patio doors lead out the back deck, with steps down to the private fenced yard. Perfect for indoor-outdoor flow whether bbqing, entertaining, kids, or pets. Also on this floor is a convenient half bathroom, foyer with front entry closet, and a spacious storage closet to keep life clutter-free. On the lower level you will find a bright and spacious master bedroom, two additional bedrooms, a large family bathroom with free-standing claw- foot tub with brick-style tiled walls. The laundry/ mechanical room, and a good-sized storage room. ***This property is close downtown, University District, and Market Mall. With shopping, schools, amenities and transit on your doorstep. The Bow River pathway is minutes away making it ideal for running, biking, or walking. ***Plus, SELLER WILL CONSIDER PROVIDING A ‘VENDOR TAKE BACK MORTGAGE’ AT PRIME (5.95%) TO QUALIFIED BUYERS WITH A MINIMUM DOWNPAYMENT OF $25,000 Whether you’re a first-time buyer, investor, or looking for a family home, this property checks all the boxes! Check out the virtual tour, and contact your favorite Realtor today to book your showing.

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Open House. Open House on Sunday, December 1, 2024 2:00PM - 4:00PM

Please visit our Open House at 217 527 15 AVENUE SW in Calgary. See details here

Open House on Sunday, December 1, 2024 2:00PM - 4:00PM

**OPEN HOUSE SUNDAY 1ST DECEMBER 2PM TO 4PM**Charming 2 BED stacked-townhome with DOWNTOWN VIEWS in a secure gated condominium complex, steps from downtown and the popular 17th Avenue and Mission area. With titled UNDERGROUND PARKING stall, and storage locker, this PET FRIENDLY condo is perfect for urbanites looking for something a little different. Newly renovated with QUARTZ COUNTERS in the kitchen and bathroom with brand new sinks and faucets. STAINLESS STEEL APPLIANCES with brand new fridge, stove, and hood fan. Brand new carpet on the upper floor and stairs, and VINYL PLANK in the living/dining area. Freshly painted, new blinds and door hardware finish off the updates. The property features a spacious kitchen, with large pantry closet, an abundance of cabinet and counter space, breakfast bar, and new stainless steel undermount sink with modern chrome pull-out faucet with spray. French doors from the kitchen open onto the balcony with gas-line for BBQ and downtown views. The open plan living/dining area features a GAS FIREPLACE, ceiling fan, and a practical understairs coat/storage closet. On the upper level you will find a spacious master bedroom with double closets and downtown views. The cheater ensuite bathroom, accessed from the master bedroom or the hallway, features a spacious vanity with white porcelain sink and chrome faucet. The 2nd bedroom is a good-sized and has the benefit of private access to the exterior. The second bedroom could easily function as an office, or even a TV room. The laundry closet is conveniently located on the this level, and there is a nook space that could be utilized for storage. Covered walkways around the complex lead to a central indoor elevator lobby taking you to the parkade or main floor courtyard. The central courtyard with water feature and landscaping provides a tranquil oasis, yet stepping through the grand private entry gate you are just around the corner from vibrant inner-city life. Condo fees include heat, water, gas, insurance, trash/recycling, snow removal, landscaping, and reserve fund. You pay your own electricity. This unit is perfect for anyone looking for a maintenance free lifestyle in very walkable neighbourhood. Come and see why this could be a smart move for you!

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New property listed in Montgomery, Calgary

I have listed a new property at 1801b 41 STREET NW in Calgary. See details here

EXCEPTIONAL VALUE IN AN UNBEATABLE LOCATION. Fantastic DETACHED property in the desirable Northwest neighbourhood of Montgomery. Situated on a quiet street, this charming bi-level offers 3 BEDROOMS, 1.5 BATHROOMS, with almost 1300 SQ.FT of total finished living space. On the main floor you will find a good-sized living room with WOOD-BURNING FIREPLACE, and large window overlooking the magnificent mature tree out front. The updated kitchen features white shaker-style cabinet doors, QUARTZ COUNTERS, and STAINLESS STEEL APPLAINCES. The kitchen is open to the dining room with breakfast bar seating, and there is ample space for a large dining table. Patio doors lead out the back deck, with steps down to the private fenced yard. Perfect for indoor-outdoor flow whether bbqing, entertaining, kids, or pets. Also on this floor is a convenient half bathroom, foyer with front entry closet, and a spacious storage closet to keep life clutter-free. On the lower level you will find a bright and spacious master bedroom, two additional bedrooms, a large family bathroom with free-standing claw- foot tub with brick-style tiled walls. The laundry/ mechanical room, and a good-sized storage room. ***This property is close downtown, University District, and Market Mall. With shopping, schools, amenities and transit on your doorstep. The Bow River pathway is minutes away making it ideal for running, biking, or walking. Whether you’re a first-time buyer, investor, or looking for a family home, this property checks all the boxes! Check out the virtual tour, and contact your favorite Realtor today to book your showing.

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Open House. Open House on Sunday, November 17, 2024 1:00PM - 3:00PM

Please visit our Open House at 403 301 10 STREET NW in Calgary. See details here

Open House on Sunday, November 17, 2024 1:00PM - 3:00PM

***OPEN HOUSE SUN 17 NOV 1PM TO 3PM**** Spacious 1 bedroom condo with DOWNTOWN VIEWS in the heart of Kensington, with one underground titled parking stall, an assigned storage locker, and a CAR WASH in the parkade! The well-thought-out layout provides kitchen, dining area, living area with patio door out to the balcony, bedroom with walkthrough closet, cheater-ensuite bathroom, and a laundry/storage room. Featuring contemporary design with flat panel cabinets, QUARTZ COUNTERS, and laminate floors. The generous kitchen has stainless steel appliances, GAS COOK-TOP, under cabinet lighting, and a built-in wine rack. And there is breakfast bar seating for casual dining. The living area is generous with space for dining area and living area. Patio doors open onto the balcony which provides great views of Kensington and downtown. A bright bedroom with a wall of windows, has a modern FIREPLACE, and a walkthrough closet. This leads into the cheater ensuite bathroom with separate glass enclosed shower stall, soaker tub, and floating vanity with under-cabinet lighting. And the large laundry/ storage room is perfect for condo living. This pet-friendly condo is situated in the popular Kensington/Hillhurst area. A truly walkable neighbourhood with grocery store, restaurants, cafes, and array of stores, gyms, and entertainment on your doorstep. The Bow River pathway system is just a few minutes walk away. And access downtown on foot or by bike is a breeze. Plus, the c-train station is just 1 block away. This unit would suit anyone looking for a maintenance-free lifestyle in a safe and convenient downtown location with the best the city has to offer. Book a viewing and see why this would be a smart move for you!

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Open House. Open House on Saturday, November 16, 2024 1:00PM - 3:00PM

Please visit our Open House at 3318 42 STREET SW in Calgary. See details here

Open House on Saturday, November 16, 2024 1:00PM - 3:00PM

Checkout this Stunning fully developed NEW HOME on a beautiful TREE LINED MATURE STREET, surrounded by new homes in the convenient inner city community of Glenbrook, this property definitely checks all the boxes! Upon entry the OPEN CONCEPT is exemplified with one of the most functional layouts in this property type! The expansive HARDWOOD FLOORS flow throughout the entire main floor. The living room has HUGE FRONT WINDOWS providing loads of natural light. The UPGRADED GALLEY KITCHEN is tastefully designed with white cabinetry, GOLD FIXTURES and stainless steel appliances! The large QUARTZ ISLAND is a focal point for entertaining and as a sitting area on those busy mornings. Moving to the upstairs the master bedroom is spacious and is complimented by a stunning 5 PIECE MASTER BATH complete with dual vanities, MARBLE FLOORING AND WALL TILES and a huge SOAKER TUB! The upstairs has 2 more spacious bedrooms, a 4 piece bath and a dedicated laundry room with cabinetry and a handy sink. Heading to the basement, the front window and location of the stairs provides loads of natural light! There is a LARGE REC ROOM for family time and the perfect work from home / studio that is accessible through the GLASS FRENCH DOORS. There is a 4th bedroom and a full bath that completes the lower level. With no expense spared the mechanical room benefits from a HOT WATER ON DEMAND SYSTEM and high efficiency furnace, keeping utility bills to a minimum. The backyard offers ample space for entertaining and provides access to the all important double car garage. This area is truly walkable with both elementary and middle schools nearby, as well as grocery, restaurants and other retail needs in the Glamorgan Shopping Center.

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