Calgary Real Estate Blog

Top Agent Magazine

Just Released, August addition in Top Agent Magazine.

AS THE FOUNDER OF REEVES & ASSOCIATES, TOP AGENT ERIN REEVES SERVES CALGARY AND THE SURROUNDING AREA—SPECIALIZING IN FINDING SOLUTIONS TO HELP HER CLIENTS TURN THEIR REAL ESTATE DREAMS INTO REALITY.

Thoroughly committed to creating a seamless experience, Erin Reeves specializes in finding
solutions to help her clients turn their real estate dreams into reality. Growing up in the
Okanagan, Erin says her interest in real estate was piqued early on when her father did some real
estate development work. “Because of that, I always watched the development side of the market
and paid attention to what was going on,” Erin recalls. Erin went on to earn her license at age 24,
and she bought her first…

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March 2022 Market Report

Record high sales seen again in March

City of Calgary, April 1, 2022 - For the second month in a row, sales activity not only reached a monthly high but also hit new all-time record highs for any given month. Gains occurred across all property types as they all hit new all-time record highs. An increase in new listings this month helped support the growth in sales activity. However, inventories have remained relatively low, ensuring the market continues to favour the seller. “While supply levels have improved from levels seen over the past four months, inventory levels are still well below what we traditionally see in March, thanks to stronger than expected sales activity,” said CREB® Chief Economist Ann-Marie Lurie. “With just over one month of supply…

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February 2022 Market Report

Sellers’ market conditions continue to impact prices

City of Calgary, Feb. 1, 2022 – Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months. The tight market conditions contributed to further upward pressure on prices. The unadjusted benchmark price in January reached $472,300, a monthly gain of nearly two per cent and a year-over-year gain of 12 per cent.“Expected gains in lending rates are contributing to persistently strong demand in the housing market, as purchasers are eager to get ahead of any increases,” said CREB® Chief Economist Ann-Marie Lurie.“We did see more listings this…

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January 2022 Market Report

Sellers’ market conditions continue to impact prices

>City of Calgary, Feb. 1, 2022 – Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months.  The tight market conditions contributed to further upward pressure on prices. The unadjusted benchmark price in January reached $472,300, a monthly gain of nearly two per cent and a year-over-year gain of 12 per cent. “Expected gains in lending rates are contributing to persistently strong demand in the housing market, as purchasers are eager to get ahead of any increases,” said CREB® Chief Economist Ann-Marie Lurie. “We did see more listings…

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2022 Market Forecast

Media Release: Calgary housing market expected to remain strong in 2022 after record-breaking 2021

City of Calgary, Jan. 25, 2022 – Housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.
“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain relatively low. All these factors are expected to support strong housing demand into 2022,” said CREB® Chief Economist Ann-Marie Lurie. “The biggest question will be whether supply can meet that demand. It will take time for housing to move out of sellers’ market conditions, so we do anticipate prices will…

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December 2021 Market Report

2021 record year for home sales

City of Calgary, Jan. 4, 2022 – Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary sales reached 27,686 units this year, nearly 72 per cent higher than last year and over 44 per cent higher than the 10-year average.“Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months. However, as is the case in many other cities, the supply has not kept pace with the demand, causing strong price growth,” said CREB® Chief Economist Ann-Marie Lurie.

As of December, the unadjusted benchmark price rose by nearly one per cent over last month and was sitting over 10 per cent higher than last year’s figures. Overall, the 2021 benchmark…

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November 2021 Market Report

Persistent sellers’ market conditions drive up prices

City of Calgary, Dec. 1, 2021 - Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005.  “Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels have struggled to keep pace, causing tight conditions and additional price gains.”
New listings in November totalled 1,989 units, which was fewer than the number of sales this month. With a sales-to-new-listings ratio of over 100 per cent, inventory levels dropped to 3,922 units and the months…

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2533 4th Ave NW Calgary AB

Welcome to 2533 4th Avenue NW Calgary

Look no further, welcome 2533 4th Avenue NW,  this modern and elegant suburb sized home conveniently located in West Hillhurst. With 3320 sq.ft of finished living space this home is a sprawling 23' wide & positioned on a 31' wide homesite. Located on a no thru road at the end of 4th avenue, this south facing backyard will be perfect for bbqing and entertaining. Enter through the front door into your oversized entry with floor to ceiling windows. Immediately get pulled into the custom details including horizontal iron railings, 10’ main ceilings and built-in bench details. With plenty of room to host a dinner party, show off your gourmet kitchen including an 8’-6”x4’ kitchen island, beautiful black…

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#12, 1710 28th Avenue

Welcome to #12 1710 28th Avenue

#12, 1710 28th Avenue SW is a 3 bedroom, 2 and half bathroom with double garage Brooklyn Townhome that Trico Homes built with luxury and ease of urban living in mind. The main floor has a bright and open concept kitchen and dining space fixed with stainless steel built in appliances; the large living room area has a captivating tiled mantle and electric fireplace. With modern elements such as 1.25” granite countertops, luxury flooring and contemporary lighting throughout, this design is a must see.  There are double master bedrooms on the upper floor with a beautiful ensuites and spacious walk-in closets. To top it off, there are balconies on both the main and upper floors as well as a stunning, private roof top…

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768 Seton Circle SE Calgary AB

Say hello to 768 Seton Circle SE

Take advantage of this rare opportunity to own a 1 year old Jayman Home, including all of the latest energy efficient and smart home features including 6 Solar Panels, Triple Pane Windows, tankless water heater,  Ecobee smart thermostat, 5 voice controlled light switches, and electric vehicle charging rough in to the garage. This popular design offers a 4 level split including private and spacious entry, leading up to the main floor with kitchen, dining room, greatroom and home office, head up one more floor to the massive primary owners suite including 9' ceilings, oversized walk in closet and custom ensuite with quartz counters and tile and glass shower. Head over to the kids wing where you will find a central…

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