I was pleasantly surprised to learn that today’s edition of the Metro in Calgary featured me on a list of the Top 5 Real Estate Agents recommended on Metro’s Gigpark service. You can find all sorts of recommendations there and if you feel so inclined you can even add a comment to the existing recommendation for me and I’d really appreciate it.
I just finished inputting a great new listing which is on the top floor in Taralake Place at 1140 Taradale Drive NE. Have a look at the virtual tour for this very large 1 bedroom suite at www.TaraLakeCondo.com.
No open public houses have been scheduled but this home can easily be viewed by appointment. Please contact me with any questions or to arrange a viewing.
The number of sales in the single family and condominium markets continue to out-pace last year’s numbers by a 28-36% margin. Listing inventories are continuing to decrease week over week. The complete stats for the month of June will be out next week, so far the average sale price of a single family home over the past 30 days is $441,449 (median of $395,000). The average price is up 1.15% in the past month, up 5.76% year-to-date.
This update covers the activity for the period of June 1 - June 24, 2009
| Calgary Metro - Single Family | 2009 | 2008 | % Change |
| Sales | 1,449 | 1,130 | UP 36% |
| New Listings Added | 1,842 | 2,337 | DOWN 21% |
| Inventory | 3,575 | N/A | N/A |
| Sales to New Listings | 79% | 48% | UP 31% |
| Sales to Inventory | 41% | N/A | N/A |
| Calgary Metro - Condominium |
2009 | 2008 | % Change |
| Sales | 591 | 462 | UP 28% |
| New Listings Added | 766 | 1,037 | DOWN 26% |
| Inventory | 1,852 | N/A | N/A |
| Sales to New Listings | 77% | 45% | UP 32% |
| Sales to Inventory | 32% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on June 26, 2009.
Here are some quick links to help in comparing different communities, helpful in the early stages of house-hunting:
Public schools by community
Calgary Catholic Schools
Calgary Private and Charter Schools
Community Profiles
Historical Real Estate values by community
Calgary Transit main page
Google Transit
Calgary Transit trip planner
Current LRT service
Future West LRT line
Calgary Police crime statistics by community
Calgary Police interactive crime map
This update covers the activity for the period of June 1 - June 17, 2009
| Calgary Metro - Single Family | 2009 | 2008 | % Change |
| Sales | 1,009 | 788 | UP 28% |
| New Listings Added | 1,365 | 1,697 | DOWN 19.5% |
| Inventory | 3,691 | N/A | N/A |
| Sales to New Listings | 74% | 46% | UP 28% |
| Sales to Inventory | 27% | N/A | N/A |
| Calgary Metro - Condominium |
2009 | 2008 | % Change |
| Sales | 407 | 326 | UP 24.8% |
| New Listings Added | 575 | 747 | DOWN 23% |
| Inventory | 1,881 | N/A | N/A |
| Sales to New Listings | 71% | 44% | UP 27% |
| Sales to Inventory | 22% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on June 19, 2009.
This Saturday from 2:00 - 4:30 I’ll be hosting an open house at Polo Terrace, 126 14 Ave SW (map here).
Additional photos and virtual Tour available here
This two bedroom, two bathroom home has it all. Almost 1,000 sq. ft of functional living space in an ideal location.
The split layout is perfect for house-guests or roommates and gives each bedroom privacy and it’s own full bathroom. The master retreat has a huge walk-in closet and 4-piece ensuite bath.
The spacious, open concept living area features a cozy corner fireplace and opens onto a large balcony with natural gas hook-up for your BBQ and a view of the Calgary Tower and Banker’s Hall. The functional kitchen overlooks the dining and living area with a functional breakfast bar with room for several stools.
To complete this wonderful package, add plenty of in-suite storage, TITLED parking stall in the heated underground parkade which has additional stalls for visitor parking. Polo Terrace has reasonable condo fees that include heat. This home offers the convenience of inner-city living without sacrificing value or functionality.
CREA - The Canadian Real Estate Association publishes a video podcast about once a month, mainly covering the Canadian Real Estate market from a national perspective. The latest episode (which you view here) does a good job of comparing the current market to the past few years and explains how the recent up-trend in activity that we’ve felt in Calgary has also been reflected in many markets across the country.
Where to get it:
in iTunes
CREA Podcast Website
Last month was the first time since September 2008 that we saw a year-over-year increase in the number of single family homes sold in Calgary.
The improvement and increased activity we’ve seen in recent months has increased. Prices are holding steady for the most part and inventory is decreasing gradually while sales pick up.
Both the re-sale condominium and re-sale single family home markets are in balanced conditions based on the pace of sales and the number of listings available with between 70 and 90 days of supply currently listed. This compares to a 258-275 day supply just six months ago (click the absorption rate chart to enlarge).
This can be good news for both home buyers and sellers. If you were nervous about dipping your toes into the market a few months ago when it seemed like nothing was selling, this should give you confidence that you’re not the only one taking advantage of great rates and lower prices. If you’re getting started as a buyer, order a free first time buyer guide or search all homes for sale in Calgary.
For sellers this increased pace of sales is making the process much more predictable and well priced homes are selling in a very reasonable period of time. If you’re planning to sell, contact me to learn about my proven marketing plan or access my online home evaluation tools.