49 Coventry Hills Drive NE Calgary, AB – SOLD

49 Coventry Hills Drive NE

Welcome to this impeccably kept home. This home is in amazing condition, and looks like it has barely been lived in. As you enter you will see the beautiful hardwood floors and the open concept on the main level. The nook has 11 ft ceilings with large windows. The kitchen in this home truly boasts an oversized island. Upstairs there is 3 bedrooms, all very generous sizes and a bonus room. The laundry room is on the main level of this home. With this home being so close to major shopping, schools and playgrounds, this makes the perfect family home.

28 Covepark Green NE Calgary, AB – SOLD

28 Covepark Green NE

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Here is a great home that is ready to move in. This is a 2 story, 3 bedroom home that you are sure to love. The layout of this home is open and has a good sized kitchen with upgraded black appliances and an island. The living room has upgraded carpet and is very open. Upstairs there are three bedrooms and a 4 piece bathroom. The basement is undeveloped. See TheCalgaryRealEstateBlog.com for more information on this home.

View 28 Covepark Green NE – NEW LISTING in a larger map

August 2009 Video Real Estate Update

The first person to correctly locate what town I’m in will get a gift sent to them… please make your comment / guess below on the blog! Good Luck!

Calgary Market Update – July 2008

Calgary residential sales in July increased over last year by 21%. Following a strong June market, July results were seasonally lower by 14% as people focused on summer-time activities.

1585 single-family properties sold in the month of July at an average price of $436,782, down by 2% compared to June’s average price. July’s median sale price was $390,000, a 5% decrease from the median price recorded last July. An equal number of properties sold above and below this median price. Listings of single-family properties declined by 7% compared to June’s new listings and were down a full 18% compared to last July.

In the condo market, 702 units found new owners this July, an increase over last year’s sales by 31%. 36 fewer units sold in July compared to June condo sales. The average sale price of a condominium ($285,032) was on par with June’s average price and declined 4% below the average sale price last year at this same time.

“We are continuing to see market improvement in Calgary home sales,” said the President of the Calgary Real Estate Board. “These are healthy sales numbers in a month when we typically expect a summer slowdown. Confidence has definitely returned to the housing market. Buyers’ moods have been buoyed by news that an economic recovery, albeit gradual, seems to be underway.”

Calgary is Still Growing

Despite the economy slowing and jobs disappearing, Calgary continued to lure thousands of people from other parts of the country last year, according to the latest civic census.

And the numbers indicate the city seems poised to better weather the latest market roller-coaster than downturns in the 1980s and 1990s, some analysts say, pointing out the 2009 net migration of 12,563 people is higher than the year before.

“It’s something to counter the perceptions of doom and gloom present in the economy,” said Harry Hiller, director of the Alberta in-migration study at the University of Calgary. “It’s the opposite.”

Mayor Dave Bronconnier called the numbers impressive, saying they buck trends across the country.

“It speaks to the resiliency of this economy, it speaks to Calgary as a place where people want to move to, want to start businesses, start a family,” he said.

Read the full article here.

Click on the image below to see what communities are growing and which ones are shrinking…

Alberta – Affordability Is Restored

The affordability in Alberta has restored itself, and the market is filled with multiple offers.  Over the past couple weeks, we have been involved with a number of multiple offers.  Right now is a great time to be selling your home.  We listed 6 places just over 1 week ago and 3 of them are now conditionally sold.  If you are selling your home, you need to be priced well and show well.  These are the biggest factors in making a quick and profitable sale in this marketplace.

Here is what RBC had to say about the Alberta and Calgary market.  Here you can see the Full Report.

Alberta — Affordability Restored

Declining mortgage rates and sinking home prices throughout 2008 and early 2009 worked their magic towards restoring homeownership affordability in Alberta. Following record quarterly declines in the first quarter of this year – ranging from 3.3 to 6.1 percentage points – RBC’s affordability measures for the province were broadly back to their long-term averages.  This has sparked renewed interest from buyers, who have made a welcome return to the market recently.  Sales of existing homes have rebounded smartly this spring from their lowest point at the turn of the year since 1996.  Market conditions have tightened as a result of the effect of
stronger buying interest and more restraint on the part of sellers.  With less supply hitting the market — housing starts have been at a 14-year low since the start of this year — and an economic backdrop that is expected to show increasing signs of recovery, Alberta’s housing market is likely at the point of turning the corner.

Calgary — Recovery in the Making

Calgary is another battleground of the housing downturn that is showing signs of turning the corner.  While its economic backdrop, too, remains tenuous – Calgary’s unemployment rate surged to a 12-year high this spring – the market is benefitting from a huge drop in the cost of homeownership since the middle of 2007.  The combination of lower mortgage rates and home prices has driven down RBC’s affordability measures for the city by 7.6 (condominiums) to 11.9 percentage points (two-storey homes) in the last year alone (ended in the first quarter), which brought levels below long-term averages for most housing types.  Greater affordability contributed to a sharp upswing in sales of existing homes during the spring after collapsing to 14-year lows earlier in the winter.  Although encouraging, renewed activity is still shy of where it was before the housing boom began and has yet to stem the decline in prices.  However, the recent sharp rise in the sales-to-new listings ratio suggests that such a development might not be very far off into the future.

1521 McAlpine Street – SOLD

1521 McAlpine Street in Carstairs, AB

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Welcome to this beautifully designed home that you will fall in love with.  Everything that you are looking for in a new home, this home has.  This is a 1,371 sq ft, 2 Bedroom + Den, 2 Bath home with gorgeous hardwood throughout the main living spaces and exquisite tile and carpet in the remainder of the home.  The kitchen has upgraded subway tile designed backsplash, a walk in pantry, stainless appliances and a large island plus a built in desk.  The living space is all vaulted with featured pot lights through out the perimeter of the room, high end hanging lights and a cozy fireplace.  Both bedrooms are of good size and the master ensuite has a large walk in closet, corner soaker tub and separate shower.  This home also features a 92% efficient furnace and flow through hot water boiler system. The lot that this home sits on is oversized with plenty of room to develop a second double garage if so desired.  Don’t miss your opportunity to live in Carstairs premier community of West Highlands.

This home is built by Terra Banah Builders of Calgary Alberta.

Terra Banah Builders Website – www.terrabanahbuilders.com

For more info and video on Carstairs and Builder CLICK HERE...

Weekly Market Update – April 28, 2009

Over the past week we have seen the number of sales and showings increase across the board.  Single Family home sales rose over the last week while Condo sales dipped.  Another great point, is that over the past couple months, since January 2009 to be exact, we have seen the Median price of Single Family homes stay very constant around $380,000.  The Condo Median prices however have had a bigger ride ranging from $249,000 up to $260,000 since January 2009.

We should expect to see the listing count stay constant with the sales per week rising into the mid 500s as Spring season is now upon us.  As well, we should see the number of showings starting to rise per week as more buyers are starting to look more seriously.

BUYERS:

There are some great purchases out there right now.  With interests rate at amazing low’s, and home prices back to decent levels, this is your time to get into the market.

SELLERS:

In order to be successful in this market, you need to have a home that shows well and is priced well.  Don’t try to test the market in terms of price, as it could hurt you in the end.

Sellers Can’t Move… Period!

We have been noticing a trend happening lately with the sellers that we have been dealing with.  The number of listing presentations that we have done recently is very high… Many sellers, those who have purchased in the last 2-3 years, are having a difficult time versus those who purchased 3-4+ years back.

Of the sellers that have purchased 2-3 years back, some of them are wanting to upgrade their home, and some are even wanting do downsize…  But here’s the thing… Majority of them can’t do either!  With the market swinging the way it has over the last year, prices have gone back to the values of early 2007.  The sellers don’t have enough equity in their homes to make either move.  It’s hard to see the ones who are wanting to downsize, as their payments are a bit high for them currently, but they simply can’t.  Those who are venturing to sell, they are selling $30,000 – $50,000 below what they paid for the home, and in some cases even more.

What will this mean?  I think we will see condo prices and sales increase over the coming months, as their are many and I mean MANY new buyers now buying.  But the upper end single family homes, we will probably not see as great of an increase for some of the reasons above…

What are your thoughts?

111 Douglas Park Blvd. SE – SOLD

Download Feature Sheet Here

Welcome to this beautiful home in Douglasdale Estate.  There are a number of quality features and upgrades of this home that you are sure to fall in love with.  To start off with, this is a gorgeous corner lot with potential RV parking, new fencing, a partially covered-two tiered deck, a new 10×10 shed, abundance of rose bushes all located steps from Fish Creek Park. There is an 8 person hot tub that is only 3 years old.  The roof was just redone in March 2009 with a 20 year transferable warranty to the new owners.  There is Central Air Conditioning in this 4 bedroom and 3.5 bathroom home.  On the mail level, you have a front room that is currently used as an office, but can become a living room or dining room very easily.  The kitchen is an open concept that flows nicely into the nook and family room.  All 7 appliances (including 2 double door fridges) will stay with the home.  The basement is fully developed with a bedroom and ensuite that boasts a large steam shower.  Call today to see this home.

1-888-366-3130
sales@tcgroup.ca

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