Somerset 4 Bedrooms up fully developed 477,000.00

Thursday, February 8, 2018Norm Rousseauposted in Feature Property

This is the one you have been waiting for a 4 bedroom 2 storey in sought after Somerset. All 4 bedrooms are a good size. Fabulous master bedroom with a parents retreat and an ensuite with soaker tub, separate shower and walk in closet. A skylight provides lots of natural light in the upper hallway. Family sized kitchen with an island, walk in pantry and spacious eating area. The main floor family room features an attractive stone faced fireplace. Main floor den with built in desk and custom bookshelves is perfect for a home office.

The developed basement provides plenty of space for family entertainment, hobbies, and storage for sports equipment. Private treed fully fenced backyard with entertainment sized deck is an oasis in the Summer time! This family home is ideally located minutes from school, daycare, water park and LRT.


Details & Photos: http://www.maxwellrealty.ca/listing-creb/c4164873-180-somerset-ci-sw-calgary-alberta-t2y-3p6/

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CREB January 2018 Real Estate Activity

Friday, February 2, 2018Norm Rousseauposted in CREB Market Statistics

Housing Market Déjà Vu in January As expected, Calgary sales activity similar to last year Jan. 2018
City of Calgary, February 1, 2018 – The new year opened predictably, with monthly figures close to the Januarys of the past three years.
With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector. 
Overall January sales totaled 958 units, nearly two per cent above last year and 11 per cent below long-term averages. Capture2
“2018 was kicked off with higher rates and the official implementation of the new mortgage requirements. While it is too early to see the impact of these changes, so far, January levels are consistent with what we saw last year,” said CREB® chief economist Ann-Marie Lurie
“The recovery will be bumpy, and we will continue to monitor the impact of the lending changes relative to the overall economic climate.”
Stable sales were met with rising new listings, causing further gains in inventory levels and impacting prices. Citywide, unadjusted prices totaled $432,300, 0.21 per cent below last month and 0.25 per cent below last year’s figures. Prices eased across all product types compared to last month, but price declines were more pronounced in the apartment and attached sectors.
In the detached sector, new listings rose with declining sales activity for product priced over $500,000. However, product priced between $300,000 and $399,999 saw an increase in activity. This will be an adjustment to the new reality buyers and sellers face, as pockets of the market will experience a mismatch between supply and demand.
“Sellers needs to be aware of the competing supply in the market. This can influence the timing of their decision, along with setting realistic expectations regarding time on the market and selling price,” said 2018 CREB® president Tom Westcott. “For buyers, getting pre-approved for a mortgage is essential, along with getting advice from a REALTOR® to get into a home they will be happy with.”

Calgary Real Estate Board Forecast Summary 2018

Friday, February 2, 2018Norm Rousseauposted in CREB Market Statistics

THE HOUSING MARKET IS EXPECTED TO CONTINUE MOVING TOWARDS RECOVERY IN 2018, BUT CHALLENGES REMAIN.

Housing market conditions are expected to remain relatively unchanged in 2018, as the impact of higher lending rates and stricter lending criteria are offset by modest improvements in the economic climate. Recent changes may have prolonged the recovery period in our market, but it is not expected to completely derail the transition.Capture












The path to recovery is expected to be bumpy, as the market adjusts to a new normal. We are entering 2018 with elevated supply levels and an environment of rising rates paired with stricter lending criteria. However, the improving economy generated modest job growth and net migration last year, with expectations of further improvements into 2018.

The opposing impacts of the changes in the lending environment and economic gains are expected to cause adjustments in demand/supply balances based on price range and product type, creating pockets of over/under supply and generating different paths of price recovery. Overall, it is expected to generate conditions comparable to 2017 and the dynamics within each sector of the market will vary.

Minimal changes in sales activity are expected to be met with easing new listings for some property types, limiting the upward pressure on supply. This should help support more balanced conditions, preventing widespread benchmark price declines.

More balanced market conditions will be led by the attached and detached sectors of the market, while the apartment sector will continue to struggle with excess inventory in 2018. Prices will likely continue to face some downward pressure in the apartment sector, with stabilization not expected until the latter portion of the year.

The attached sector may benefit from changes in distribution, as some demand shifts from the detached sector to the attached sector of the market, supporting modest price gains of 0.38 per cent. Easing demand in the detached sector is expected to be met with easing listings, supporting overall stability in pricing.

FACTORS CONTRIBUTING TO STABILITY IN THE CALGARY HOUSING MARKET:

• Improvements in the economic climate countering the impact of changes in lending criteria .

• Employment growth and reduction in the unemployment rate .

• Modest gains in migration .

• Easing vacancy rates in the rental market .

• Relative affordability in the market .

• Improved confidence in the overall economy .

Millrise Affordable Villa $349,900

Monday, January 29, 2018Norm Rousseauposted in For Sale, Feature Property

Affordable bungalow villa ideally located minutes from LRT and Fish Creek Park. Spacious, bright rooms including the dining room with cantilever for china cabinet, large living room plus den/2nd bedroom with book shelves included. The master bedroom features a walk in closet and ensuite with a soaker tub and separate shower. Functional kitchen with west exposure window over the sink. IMG_0101Good sized eating nook with passage door to the deck for easy access to the BBQ. Convenient main floor laundry and two piece bath. Great location facing a green space. Double garage is dry-walled. New Furnace installed in December 2017. This home is well maintained and immaculately clean.

Photos and information:

http://www.maxwellrealty.ca/listing/c4163712-64-72-millside-dr-sw-calgary-alberta-t2y-3g8/

Inner City 868 Sq. Ft. Loft Condo $309,900

Monday, January 29, 2018Norm Rousseauposted in Feature Property, For Sale

ENJOY INNER CITY LOFT LIVING! This top floor unit features soaring 18 foot ceilings, an entire wall of windows providing lots of natural light, upgraded flooring and titled parking! The open kitchen is perfect for entertaining and features black appliances, maple cabinets, pantry and an eating bar. #207 1505 27 Ave SW-30A large open living/dining area with access to the north facing balcony offers a great place to unwind or BBQ. A two piece bath, laundry and extra storage complete the main level. The second level is lofted with the master bedroom, ensuite and corner soaker tub. Outstanding location minutes from downtown, 17 Ave, Marda loop, public transportation and River Park!

Photos & Info:

http://www.maxwellrealty.ca/listing/c4162898-207-1505-27-av-sw-calgary-alberta-t2t-1g5/

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