Found 51 blog entries tagged as real estate.

Strong migration and low supply drive Calgary housing prices in 2023

Detached

With an annual decline of nearly 20 per cent, the detached market saw the most significant decline in sales activity. While sales did improve for homes priced above $700,000, limited supply choices in the lower price ranges caused consumers to turn to alternative housing styles. Despite some recent gains in higher-priced new listings, inventories have remained near record lows, and the months of supply have remained relatively low throughout 2023.

The persistently tight market conditions have supported further price growth for detached homes, albeit at a slower pace than last year. On average, the benchmark price rose by nearly eight per cent in 2023, with the most…

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Coming Soon - 14 West Grove Way SW

Welcome to luxury living in West Springs! This exquisite 6-bedroom, 4.5-bathroom residence nestled against a backdrop of private greenspace. This stunning Walkout home combines sophistication with functionality, offering an unparalleled living experience. Step inside to discover an expansive open floor plan that seamlessly integrates the living, dining, and kitchen areas, creating an inviting space for both daily living and entertaining. The heart of this home is its oversized kitchen, adorned with quartz countertops and equipped with top-of-the-line built-in appliances, ceiling height cabinets and extended full pantry. As you enter the living area, you'll be greeted by the warm glow of a gas…

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Coming Soon - #3112, 10 Country Village Park NE

Discover the charm of suburban living with this inviting 2-bedroom, 2-bathroom apartment nestled in the desirable community of Country Hills. Conveniently situated on the first floor, this residence offers a warm and welcoming atmosphere, making it an ideal home for small families and couples of all ages. As you step in, you will notice the laminate flooring throughout, along with granite countertops and newly repainted walls. The apartment comes complete with a dedicated parking stall and additional storage, providing practical solutions for everyday needs. Notably, this residence is also pet-friendly, accommodating your furry companions as part of your home life.
The allure of Country…

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Increased listings, strong sales, and price growth

Detached

Limited supply choice for homes priced below $700,000 has been the primary cause of the decline in detached home sales. While November reported a marginal gain over last year, year-to-date sales have declined by 20 per cent. November saw a rise in new listings compared to the previous year, but higher-priced homes drove most gains. This has left the detached market with exceptionally tight conditions for prices below $700,000 and more balanced conditions for higher-priced homes. Overall, the month of supply remains exceptionally low at under two months.

Persistently tight conditions continue to cause further price gains in the detached market. As of November, the unadjusted benchmark…

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COMING SOON - 7 Everoak Green SW

Indulge in the splendor of this beautiful 3-bedroom, 2.5-bathroom home nestled in the vibrant community of Evergreen. The open floorplan welcomes you with a spacious kitchen and pantry, creating a perfect setting for culinary delights. The home is enhanced by air conditioning, and the gas fireplace in the living room provides a cozy retreat for relaxation and entertaining. The main floor also offers a separate den that can serve as a spacious home office or study area. Ascending the stairs reveals three generously sized bedrooms, with the primary bedroom offering a walk-in closet and a luxurious 4-piece ensuite. The ensuite features a separate shower and a large bathtub, creating a spa-like atmosphere…

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Price gains continue in Calgary's real estate market as inventory remains low

Detached

Both sales and new listings improved over levels reported last October. However, with 1,302 new listings this month and 976 sales, inventory levels slowed over the last month. Inventory levels remain the lowest ever reported for October. Inventory levels have declined for all homes priced below $700,000, leaving conditions exceptionally tight for lower-priced homes. The only area where conditions are not as tight as last year is for homes priced above $1,00,000, where the months-of-supply has risen to 4.3 months.
 
Persistently tight conditions continue to cause further price gains in the detached market. As of October, the unadjusted benchmark price reached…

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Coming Soon - 554 Marine Drive SE

Embrace the pinnacle of lakeside luxury living with this exceptional Calbridge Lottery Home Inspired 1-year-old home nestled along the tranquil shores of Mahogany Lake. Including over 5000 sq.ft of meticulously designed living space and a generous 54 feet of pristine lakefront, complete with your very own private dock, this residence promises an unparalleled lifestyle that dreams are made of. Step inside this architectural masterpiece, where no detail has been spared. The kitchen is a symphony of modernity and elegance, adorned with top-of-the-line Miele appliances, breathtaking 3” quartz countertops, quartz backsplash, and custom floor-to-ceiling wine feature and the built-in Coffee Machine. Entertain…

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Calgary home sales at record highs in September, yet supply remains a challenge

Detached

Inventory levels remained at record lows for the month as the sales-to-new listings ratio remained relatively high at 76 per cent. The decline in inventory levels has been driven by homes priced below $700,000, as supply levels show some improvement for homes priced above this level. While detached sales improved over levels reported last year, much of the gains were driven by the higher-priced properties with some supply options. Overall, homes priced below $700,000 continue to struggle with less than one month of supply.
 
Despite persistently tight market conditions, the unadjusted benchmark price remained relatively stable this month compared to last…

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Coming Soon - 273 Auburn Shores Way SE

Prepare to be captivated by this stunning house nestled in the highly desired community of Auburn Bay. Elegantly designed with meticulous attention to detail, this home offers a plethora of exquisite features. Step inside to be greeted by a spacious open floor plan flooded with natural light. The kitchen, the heart of this home, features high-end built-in appliances, a practical pantry, and a tasteful design that seamlessly complements the rest of the living space. Cozy up by the gas fireplace during those cooler evenings, and delight in the added comfort of air conditioning during summer months. With 4 generous bedrooms, this home offers ample space for family and guests. As you ascend to the…

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August sees record-high sales amidst historic low inventory, pushing prices higher.

 

Detached

Record low inventory levels this month were primarily driven by pullbacks for homes priced under $700,000. While new listings did improve compared to last year, most of the growth was driven by homes priced over $700,000. August sales did improve over last year’s levels. However, limited supply in the lower price ranges has likely prevented stronger detached home sales.

Persistently tight conditions drove further price gains this month. As of August, the unadjusted benchmark price reached $696,700. Nearly one per cent higher than last month and over 10 per cent higher than last year's levels. The highest year-over-year price gains occurred in the most…

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