Found 11 blog entries tagged as homes for sale.

Prices reach new record high

May 1, 2023 - Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city. 

“While sales activity is performing as expected, the steeper pullback in new listings has ensured that supply levels remain low,” said CREB® Chief Economist Ann-Marie Lurie. “The limited supply choice is causing more buyers to place offers above the list price, contributing to the stronger than expected gains in home prices.”

In April, sales reached 2,690 units compared to the 3,133 new listings. With a sales-to-new-listings ratio of 86…

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Prices rise as conditions favour the seller

March 3, 2023 - Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly in the seller’s territory. While conditions are not as tight as last March, low inventory levels leave purchasers with limited choice, once again driving up home prices.

Total unadjusted residential home prices reached $541,800 in March, a two per cent gain over last month and nearly one per cent higher than prices reported last year. While…

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Coming Soon - 10 Masters Place SE

Welcome to 10 Masters Place SE, an immaculate family home originally built by Jayman, offering 3 bedrooms and 2.5 bathrooms in the beloved community of Mahogany.  Get ready to spend your summer by the lake once you call this one home!  Offering 2,637 square feet, you are sure to be impressed by the luxury and elegance found throughout this well designed home.  

Mahogany Lake offers true recreation all year round, including kayaking and paddle boarding in the summer, and skating and ice hockey in the winter. Come and be a part of Calgary’s best lake community in this perfect family home! Close to shopping, restaurants, schools.

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Coming Soon - 887 Seton Circle SE

Welcome to this stunning Jayman Built home on a rare traditional homesite in the fully developed area of Seton. No construction noise to deal with! This highly upgraded home is less than 2 years old and equipped with all the energy saving features of a brand new home.  Fight the rising costs of utility bills with 12 solar panels, tankless hot water heater, smart thermostat and triple pane windows!  Thinking of an electric vehicle?  The garage is already equipped with the wiring needed to install the charger.  

Fall in love with the gourmet kitchen featuring KitchenAid appliances in this home, including built-in wall oven and microwave/convection oven combination. High ceilings are a theme in the home…

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Lowest February inventory since 2006

March 1, 2023 - Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

“While higher lending rates are impacting sales activity as expected, we are seeing a stronger pullback in new listings, keeping supply levels low and supporting some stronger-than-expected monthly price gains,” said CREB® Chief Economist Ann-Marie Lurie. “Prices are still below the May 2022 peak and it is still early in the year. However, if we do not see a shift in supply, we could see further upward…

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Welcome to 187 Heritage Lake Drive, a stunning 4 car garage estate home located just steps away from the 28 acre Heritage Pointe Lake. You do not want to miss out on this opportunity to move into a beautifully renovated 5 bedroom luxury walkout home. No features were overlooked, from the new kitchen and appliances, elegant engineered hardwood, modern designer light fixtures and fresh paint throughout. This home includes 3 fireplaces, a full theatre room, a gym, and bar. Don’t forget the stunning outdoors space including the vinyl wrapped deck and covered lower patio all nestled on the spacious 0.42 Acre homesite. Watch for more details to come February 23rd when this home goes live on the market.

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Supply of lower-priced homes remains low for January

February 1, 2023 - The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.

At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there has been a shift in the composition of sales as detached homes only comprised 47 per cent of all sales.

“Higher lending rates are causing many buyers to seek out lower-priced products in our market,” said CREB® Chief Economist Ann-Marie Lurie. “However, the higher rates are likely also preventing some move-up activity in the…

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Coming Soon to the highly desirable community of Auburn Bay, 60 Auburn Sound Terrace SE.  This fully developed walkout home is situated on an oversized pie lot that is a quarter acre in size and located at the end of a quiet cul-de-sac.  Enjoy lake life within walking distance to Auburn Bay's exclusive central lake, and a short drive from all the amenities neighboring Seton has to offer.  This 4 bedroom home is not one to be missed!

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2022 saw record-high sales and double-digit price growth

City of Calgary, January 3, 2023 - December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.

Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing further declines in inventory levels. As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade.

“Housing market conditions have changed significantly throughout the year, as sales activity slowed following steep rate gains throughout the later part of the year,” said CREB® Chief Economist…

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December 2022

Calgary Monthly Statistics

The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 per cent above last year’s record high. The year-to-date sales growth has been driven by a surge in both apartment condominium and row sales.

“Easing sales have been driven mostly by declines in the detached sector of the market,” said CREB® Chief Economist Ann-Marie Lurie. “Higher lending rates are impacting purchasers buying power and limited supply choice in the lower price ranges of the detached market is likely causing many…

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