HOUSING MARKET FACTS FOR APRIL 2017

Monday, May 1, 2017Norm Rousseauposted in CREB Market Statistics

● Year-over-year sales activity has improved in each sector of the market. However, overall activity remains below long-term averages in most segments.

● Despite the year-over-year rise of detached new listings in April, overall inventory levels continue to remain 20 per cent below last year’s levels, keeping months of supply at 2.09.

● Growth in new condominium apartment listings continues to outpace growth in sales. This is leading to higher inventory levels and a month of supply that’s nearly six months.

● Oversupply in the apartment condominium sector is placing further downward pressure on pricing. In April, apartment benchmark prices totaled $269,200, which is 0.19 per cent blow last month and 4.23 per cent below last year’s levels. To date, apartment prices have contracted by nearly 12 per cent over 2014 highs.

● Semi-detached prices totaled $390,200 in April, a 0.15 per cent increase compared to last month and 1.72 per cent higher than prices recorded one year ago. Meanwhile, row prices totaled $305,900 in April, 0.59 per cent above last month, but 2.83 per cent below last year.

● Year-to-date sales activity has either improved or remained at the same level as last year in all districts except the NE. Much of this growth is fueled by improved detached activity.

● Within the detached sector, year-to-date benchmark prices have improved in the North West, West and East areas of the city compared to last year.

Housing market retains momentum in April 2017

Monday, May 1, 2017Norm Rousseauposted in CREB Market Statistics

City-wide prices hold steady as labour market improves.

Calgary's housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year's levels.

"More jobs means less uncertainty for people who are sitting on the fence," said CREB® president David P. Brown. "There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market. It's a good scenario for sellers who are entering a spring market that's in better shape than anything we've seen in recent years."Capture

While adjustments are still occurring in the apartment condominium sector, the detached segment of the market is improving across all price segments.

Spring Home Maintenance

Thursday, April 20, 2017Norm Rousseauposted in General

INSPECT YOUR ROOF
Inspect for wind, snow, or ice damage. Check to see that the roof shingles are secure, tightly fastened and in good condition. If any of the shingles are loose, repair with asphalt roofing cement. If they are damaged or missing, replacement will be necessary and may require professional help.
Inspect the flashing around the chimney, plumbing vent stacks, electrical masts, and in valleys where roofing sections meet. Repair or re-flash if the flashing has deteriorated.

A great way to initially inspect the shingles is with field glasses then if it looks damaged call an expert.

Shingle Maintenance

McKenzie Lake two storey

Saturday, April 15, 2017Norm Rousseauposted in Feature Property

PRIME LOCATION! PRIVACY! HUGE SOUTH FACING PIE LOT WITH MATURE TREES! LAKE PRIVILEDGES!

This bright and appealing home provides a flexible and open floor plan. The gorgeous renovated kitchen showcases beautiful cabinetry, large granite island, upgraded stainless appliances including an induction stove and built in coffee station. virtual-tour-234231-17Sunny breakfast nook overlooking the private yard, comfortable family room, den and upgraded bathrooms. Three good sized bedrooms including the master with a 5 piece ensuite and dual vanities. The fully finished lower level features a spacious media room, recreation room, 4th bedroom and 3 piece bath. Great outdoor space with large deck for entertaining and BBQ’s and a hot tub for relaxing. Your family will enjoy year round fun at the lake and leisurely walks in Fish Creek Park and the Bow River Pathways.

● Government of Canada ecoENERGY Retrofit – Homes Program

● 4-Star Electric’s Residential Electricity Safety audit

Details & Photos: http://www.maxwellrealty.ca/listing/c4110519-247-mt-victoria-pl-se-calgary-alberta-t2z-1p4/

Virtual Tour: Virtual Tour

Housing market set for favourable lead into spring March 2017

Tuesday, April 4, 2017Norm Rousseauposted in CREB Market Statistics

Detached prices stabilize as city-wide inventory trends down

After a long period of disconnect between supply and demand, Calgary's detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year, supporting price stability in the detached market.Capture

"It's not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out," said CREB® president David P. Brown. "These changes are lifting the cloud of uncertainty for housing consumers and nicely positioning our market as we move into the more active spring season."

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