Four bedroom home in the Hamptons 646,000.00

Wednesday, April 18, 2018Norm Rousseauposted in Feature Property

This air conditioned 4 bedroom home in the Hamptons is in mint condition! You are welcomed with high vaulted ceilings in the foyer! Beautiful hardwood floors on the main including the stairs. Spacious living and dining room for hosting family and friends. Open kitchen with a granite island and counter tops, stainless appliances and a corner pantry. A sunny eating nook with access to a large deck. Bright family room with a gas fireplace and convenient den and main floor laundry. Front jpgAll 4 bedrooms are a good size including the master with a walk-in closet and a great ensuite with soaker tub and a separate shower. Well designed open living space down including recreation room/games area and a 5th bedroom with a walk in closet. Updates include a high efficiency furnace, newer hot water tank and newer roof shingles. Excellent location on a quiet street close to school, parks and public transportation.

More Info: http://www.maxwellrealty.ca/listing/c4172176-101-hampstead-cl-nw-hamptons-calgary-alberta-t3a5j1/

Pineridge Renovated 3 Bedroom Bungalow 374,900.00

Wednesday, April 18, 2018Norm Rousseauposted in Feature Property

This is the bungalow that you have been waiting for! Spacious bight living room with a bay window. Beautiful hardwood floors. Upgraded kitchen with custom full height cabinets, granite counters and designer tile backsplash. Modern main bath with granite vanity and jetted tub. Three main floor bedrooms including a large master. Fully finished lower level with a comfortable family room with a gas fireplace, flex room, 4th bedroom with a walk in closet and a 3 piece bath. Plenty of storage space. Over sized single garage and concrete parking pad. Nicely landscaped south facing yard with space for the kids and the dog. Outstanding location close to parks, school, shopping, community center and major bus routes!

More Info: http://www.maxwellrealty.ca/listing/c4177030-119-pinegrove-cl-ne-pineridge-calgary-alberta-t1y1l1/

Calgary home prices still struggling to recover

Tuesday, April 3, 2018Norm Rousseauposted in CREB Market Statistics

With the spring housing market underway, inventory in Calgary has increased, which is likely to slow the rise in still-subdued prices.

Calgary Real Estate Board’s citywide benchmark price for detached homes was $502,000 in the first quarter of 2018, down slightly from the end of 2017 but similar to a year earlier.

The March benchmark price was $503,800, 1% above the recession low but still 3.6% below the pre-recession high.

Meanwhile, first quarter sales were down almost 18% year-over-year to 3,423 units. That’s 24% below long-term averages.

“Economic conditions are slowly improving, but it has not been enough to outpace the current impact of higher lending rates and more stringent conditions,” said CREB chief economist Ann-Marie Lurie.

The slow pace of sales meant inventory increased to a 4-month supply but the overall level is 10% below the averages of 2015 and 2016 with 2,573 units available in the first quarter of 2018.

“We are entering the most active quarters in the housing market with more inventory, which could create some price fluctuations. However, the improving economy is expected to prevent overall prices from slipping by significant amounts,” added Lurie.

Housing market inventory on the rise March 2018

Tuesday, April 3, 2018Norm Rousseauposted in CREB Market Statistics

Prices remain stable compared to last year

City of Calgary, April 2, 2018 – As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market. First quarter sales totaled 3,423 units, nearly 18 per cent below last year’s levels and 24 per cent below long-term averages. Easing sales and modest gains in new listings caused inventories to rise and months of supply to remain above four months. Capture “Economic conditions are slowly improving, but it has not been enough to outpace the current impact of higher lending rates and more stringent conditions,” said CREB® chief economist Ann-Marie Lurie. “We are entering the most active quarters in the housing market with more inventory, which could create some price fluctuations. However, the improving economy is expected to prevent overall prices from slipping by significant amounts.” While prices trended down on a quarterly basis, they remained relatively unchanged over last year’s levels due to modest gains in the detached sector offsetting declines in the apartment sector. The citywide benchmark price for detached product averaged $502,000 in the first quarter. This is slightly lower than the fourth quarter of last year, but comparable to levels recorded in the first quarter of last year. In March, the detached price reached $503,800, 3.6 per cent below pre-recession highs, but one per cent above the lows recorded during the recession. “The market today is better than what we experienced at the peak of the recession,” said CREB® president Tom Westcott. “You can find good value if you’re looking to buy a home, and you can also get good value if you’re selling. Being well-informed, in any economic condition, is the key, because there are differences in the market depending on what type of property it is and where it is located.” Detached market inventories in the first quarter of 2017 were low compared to historical standards. This year, detached inventories have averaged 2,573 units over the first quarter, 10 per cent below first quarter averages recorded during 2015 and 2016. Spring will have more inventory than last year, slowing progress on price recovery. However, the amount of price adjustment will vary depending on competing supply by location and product type

1,453 Sq. ft. bungalow on 4.62 acres

Saturday, March 17, 2018Norm Rousseauposted in Feature Property, For Sale

This is your Great opportunity to own 4.62 acres, with a 1443 square foot three bedroom bungalow. This acreage is NOT pie shaped or a panhandle lot it is 78.04 meter frontage X 239.80 meters deep rectangular lot allowing for future development. You can enjoy this solid bungalow ready for your creative ideas and only 15 minutes from Calgary or Okotoks? The main floor has large living room, dining area, kitchen and three bedrooms. The master bedroom has a four piece ensuite and the other 4 piece bathroom is accessible for the two other bedrooms. The home features vaulted ceilings, that aid in spreading all the natural light and views visible from the west facing windows. The full basement is ready for your creative ideas.

Goods Included: Dishwasher-Built-In, Dryer, Microwave Hood Cover, Refrigerator, Stove-Electric, Washer, Window Coverings-All

Directions: From Calgary: south on Hwy2 or 2A, east on Dunbow Road to 1100 Drive, acreage on your right. Seven km from Deerfoot Trail East on Dunbow Road

Details: http://2420111100dre.maxwellsells.ca/

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