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Just Listed – 83 Everstone Place SW
Welcome to Evergreen!
Quick Details:
– Listed at $249,900
– 945 Square Feet
– 2 Bedrooms
– 1 Bathrooms
– Single Attached Garage
– Located in a quiet complex with low condo fees!
View the full listing details for 83 Everstone Place SW
Welcome to Everstone Place, a pet friendly complex in the great community of Evergreen!
This 2 bedroom, 1 bathroom townhome is the perfect starter home or investment property. Upon entering your new home from the single attached garage, you are welcomed into a warm and inviting open concept living space. The kitchen has plenty of space to cook and entertain with a large living area and access to a private outdoor patio.
Retreat to the impressively sized primary bedroom, complete with a walk-in-closet. A generous sized second bedroom and full bathroom finish off the top floor.
The basement is partially finished with flooring, framed walls, and rough-in plumbing, ready for your finishing touches.
Perfectly located with a park just steps from the front door. Walking distance to Evergreen Village and the Shoppes of Bridlewood where you’ll find Starbucks, Save-on-Foods, restaurants, and more!
View the full listing details for 83 Everstone Place SW
Contact today to book your private viewing!
Sarah Paranych, REALTOR®
Century 21 Bamber
linktr.ee/yycrealtor
sparanych@outlook.com
403.703.1052
Just Listed – 1028 Hillcrest Lane, Airdrie
Welcome to Hillcrest in Airdrie!
Quick Details:
– Listed at $475,000
– 1769 Square Feet
– 3 Bedrooms
– 2.5 Bathrooms
– Double Attached Garage
– Located on a quiet street with no back neighbours!
View the full listing details for 1028 Hillcrest Lane
This great family home is located on a quiet street near parks, shopping, and schools. Upon entering your new home, you are welcomed into a warm and inviting open concept living space with engineered hardwood floors.
The upgraded kitchen features white cabinets, stainless steel appliances, large island with granite countertops, and plenty of storage. The heart of the home highlights substantial windows to flood the full dining area and living room with a fireplace with natural light.
Retreat to your owners’ suite featuring a large walk-in closet and en-suite bathroom with a soaker tub. The ease of laundry is just down the hall past the two additional bedrooms and main bathroom. Cozy up for family movie nights in the large bonus room!
The basement is awaiting your final touches. To top everything off, the backyard is fitted with a two-tiered deck, ready for your outdoor entertaining. With no back neighbours and many beautiful maturing trees, the yard has a private and spacious feel.
Cooper’s Town Promenade is only minutes away, with Save-on-Foods, Shoppers Drug Mart, Starbucks, and more!
View the full listing details for 1028 Hillcrest Lane
Contact today to book your private viewing!
Sarah Paranych, REALTOR®
Century 21 Bamber
linktr.ee/yycrealtor
sparanych@outlook.com
403.703.1052
Just Listed – 512 Varsity Estates Bay NW
Welcome to Varsity Estates!
Quick Details:
– Listed at $1,168,880
– 4641 Total Square Feet
– 4 Bedrooms
– 3.5 Bathrooms
– Double Attached Garage
– Located in a quiet cul-de-sac beside a park!
View the full listing details for 512 Varsity Estates Bay NW
Looking to live in your dream home? This perfectly located, executive family residence in Varsity Estates is the one you’ll want!
As you approach the end of the cul-de-sac, you instantly notice the mature trees, quiet street, and large green space and park. You turn your eyes to your new home with chalet vibes and know this is your retreat, your sanctuary to relax and enjoy life.
Welcome yourself into a bright, well-maintained home featuring over 4600 sq.ft. of total living space and innumerable unique features. Designed for family living and formal entertaining, with a main floor office.
Unwind, play some music, or learn something new in your large main floor study featuring two-storey windows, a cozy fireplace, built-in shelving, and a secondary curved staircase to the second-floor refuge with skylights.
Fully finished basement is perfect for games and drinks with friends, with a wet-bar, full sized fridge, and plenty of room for a pool table, foosball, and ping pong!
Retire for the evening to the primary bedroom suite after you put the children to bed in one of 3 other upper bedrooms. Cedar storage closet, 3 fireplaces, immeasurable additional storage (hidden doors inside some of the bedroom closets, don’t miss it!), and main floor laundry is just the start of all the amazing features of this home.
Varsity Estates is located close to multi-lingual schools, Silver Spring Golf Course, retail, restaurants, LRT, with easy access to downtown, U of C, and more!
View the full listing details for 512 Varsity Estates Bay NW
Contact today to book your private viewing!
Sarah Paranych, REALTOR®
Century 21 Bamber
linktr.ee/yycrealtor
sparanych@outlook.com
403.703.1052
CREB® Statistics – Sales remain strong in September
The Calgary Real Estate Board (CREB®) has released their statistic report for September 2021. A couple of quick statistics to take away from the article:
- Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply.
- With less supply choice in the lower price ranges of the detached market, many consumers have turned to the semi-detached sector. With 2,005 sales so far this year, year-to-date sales are over 45 per cent higher than long-term trends and have reached new record highs.
- Prices have eased slightly relative to a few months ago, but they remain well above levels recorded earlier in the year. As of September, the total residential benchmark price in Calgary was $457,900, over eight per cent higher than levels recorded last year.
For the full report, continue below. As always, if you’re interested in finding out what these statistics mean for you and your specific property, feel free to get in touch with me at any time; sparanych@outlook.com or 403.703.1052.
Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month.
“While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers who were unable to transact earlier in the year when supply levels had not yet adjusted to demand,” said CREB® chief economist Ann-Marie Lurie. “The market continues to favour the seller, but conditions are not as tight as they were earlier this year.”
Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply. At the same time, the apartment condominium sector is not facing the same level of supply challenges, with nearly five months of inventory available based on current demand levels.
Supply adjustments have helped ease the upward pressure on home prices. Prices have eased slightly relative to a few months ago, but they remain well above levels recorded earlier in the year. As of September, the total residential benchmark price in Calgary was $457,900, over eight per cent higher than levels recorded last year.
HOUSING MARKET FACTS
Detached
Calgary recorded 1,268 sales this month, a significant gain relative to last year and 30 per cent higher than longer-term trends. Sales this month improved across all price ranges except homes priced under $400,000. However, the decline in sales in the lower price range is likely related to limited supply choice.
On a year-to-date basis, prices have improved across all districts, with gains that range from a low of five per cent in the City Centre to nearly twelve per cent in the South East. The City Centre is the only district where prices remain below previous highs. The September detached benchmark price of $537,500 has trended down slightly from the record high set in July, but this has not erased earlier gains, as it remains nearly 10 per cent higher than last year.
Semi-Detached
With less supply choice in the lower price ranges of the detached market, many consumers have turned to the semi-detached sector. With 2,005 sales so far this year, year-to-date sales are over 45 per cent higher than long-term trends and have reached new record highs. The improvement in sales was, in part, related to the improvements in new listings. The sales-to-new-listings ratio in this sector has averaged below 70 per cent over the past several months. This is nowhere near as tight as the detached sector, which has averaged 80 per cent.
While conditions have not been as tight in the semi-detached sector, there have still been substantial price gains this year. As of September, the benchmark price was $424,900, slightly lower than last month, but over eight per cent higher than last year’s levels. Like the detached sector, the semi-detached sector’s slowest price growth has occurred in the City Centre. On a year-to-date basis, prices remained below previous highs in the City Centre, North East and South districts.
Row
With 318 sales this month, year-to-date sales pushed up to 3,057 units, which is 62 per cent above long-term trends and on pace to hit record levels this year. Sales have risen across every district, with the largest growth recorded in the South East district.
While new listings did improve this month, it was not enough to prevent further declines in Inventory levels. The months of supply remained relatively low at less than three months, which is well below traditional levels for this time of year. Tighter conditions have supported price growth across all districts so far in 2021. However, unlike the detached and semi-detached sectors, row prices remain below previous highs across all districts in the city.
Apartment Condominium
A boost in new listings this month translated into some gains in sales activity. However, with a sales-to-new-listings ratio of 58 per cent, inventories still trended up relative to the previous month and last year’s levels.
The months of supply remained just below five months in September, far lower than levels recorded last year and over the past five years. Conditions have generally been more balanced for this property type compared with other sectors, preventing strong price gains. On a year-to-date basis, citywide benchmark prices improved by nearly three per cent, but they remain over 14 per cent lower than previous highs.
REGIONAL MARKET FACTS
Airdrie
The Airdrie market has faced extremely tight conditions throughout 2021 and supply constraints continued to place some limits on sales this month. New listings slowed in September to 179 units and there were 166 sales. As a result, the sales-to-new-listings ratio remained above 90 per cent and inventories trended down.
The months of supply has remained under two months since February, translating into steady price gains throughout most of this year. As of September, the benchmark price reached $389,700, which is similar to last month, but over 13 per cent higher than levels recorded last year. Much of the growth has been driven by detached homes.
Cochrane
For the second month in a row, sales outpaced new listings coming onto the market, causing inventories to fall to the lowest levels recorded in over a decade.
While conditions have remained exceptionally tight, with just over one month of supply, detached home prices have dipped slightly relative to a few months ago. This could be related to added competition coming from the new-home market. However, as of September, detached prices have increased by more than nine per cent compared to last year.
Okotoks
Sales in Okotoks this month slowed relative to last year. Despite the decline this month, year-to-date sales remain at record-high levels. Inventory levels remain exceptionally low, and the months of supply stayed below two months in September.
The pace of price growth this month has slowed, but the year-to-date detached benchmark price in the town has improved by nearly 11 per cent compared to last year.
Links updated below:
Click here to view the full City of Calgary monthly stats package.
Click here to view the full Calgary region monthly stats package.
Sarah Paranych, REALTOR®
linktr.ee/yycrealtor
sparanych@outlook.com
403-703-1052
Source: CREB®
Just Listed – 406, 1441 23 Avenue SW
Welcome to Bankview in Calgary!
Quick Details:
– Listed at $379,900
– 1075 Square Feet
– 2 Bedrooms
– 2 Bathrooms
– Underground Heated Parking
– Downtown City Skyline Views
– Seller offering 6 months paid condo fees!!
View the full listing details for 406, 1441 23 Ave SW.
Entirely re-built, modern condo in the heart of our city!
Take in the morning sun on your balcony with a cup of coffee enjoying the perfect views of the downtown, city skyline.
Everything in this bright, open, two-bedroom, two-bathroom condo is brand new, and is the ideal space for any living style. Open concept living gives you a great use of space with a substantial living room and fireplace, dining area, and a generous kitchen, featuring an eat up peninsula, perfect for entertaining all your guests.
Retreat to your bedroom featuring a walk-in closet, and an upgraded en-suite bathroom with a 2-person, glass enclosed, tiled shower.
The second bedroom can be furnished as a home office, guest room, or a roommate with their own bathroom. Convenient in-unit laundry and large storage room.
Secure, heated, underground, titled parking stall with enough room to fit a storage unit, if desired.
Only steps from 17th Avenue where you’ll find boutique shops, restaurants, and more!
Contact today to book your private viewing!
View the full listing details for 406, 1441 23 Ave SW.
Sarah Paranych, REALTOR®
Redline Real Estate Group
linktr.ee/yycrealtor
sparanych@outlook.com
403.703.1052
Just Listed – 71 Eversyde Circle SW
Welcome to Evergreen in Calgary!
Quick Details:
– Listed at $475,000
– 2357 Total Square Feet
– 3 Bedrooms
– 2.5 Bathrooms
– Triple Garage
– Fully Finished Basement
View the full listing details for 71 Eversyde Circle SW.
This distinctive home is just what you’re looking for and has everything you’ll need. Located on a corner lot, the entire home has plenty of windows allowing in extra light and 9’ ceilings on the main floor.
A private dining room could be used for entertaining or easily be turned into a bright, main floor office. The open kitchen area has been upgraded with granite countertops and hardwood flooring throughout.
The triple garage is fully finished and heated with plenty of space for a workshop. Space for RV parking beside the garage still leaves you with plenty of room in the low maintenance yard complete with 3 different seating areas, built-in firepit, BBQ area, and gardens.
Upstairs, you’ll find a large primary bedroom with an en-suite bathroom and walk-in closet. Two more bedrooms and a 4-piece bathroom round off the upper floor.
The basement is fully finished with 9’ ceilings, a large rec room, flex area, and laundry room.
Perfectly located with a park behind the home, walking distance to Evergreen Village and the Shoppes of Bridlewood where you’ll find Starbucks, Save-on-Foods, restaurants, and more!
Contact today to book your private viewing!
View the full listing details for 71 Eversyde Circle SW.
Sarah Paranych, REALTOR®
Redline Real Estate Group
linktr.ee/yycrealtor
sparanych@outlook.com
403.703.1052
CREB® Statistics – Price growth slows as supply to demand balance improves
The Calgary Real Estate Board (CREB®) has released their statistic report for July 2021. A couple of quick statistics to take away from the article:
- Benchmark prices in the city reached $460,100, slightly higher than last month and nearly 10 per cent higher than last July.
- Price growth has been the highest in the detached sector, which currently sits 11 per cent above last year’s price and has finally recovered from previous highs in 2014.
- The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in inventory levels.
For the full report, continue below. As always, if you’re interested in finding out what these statistics mean for you and your specific property, feel free to get in touch with me at any time; sparanych@outlook.com or 403.703.1052.
July sales totaled 2,319 units, which is well above long-term averages and the best July on record.
The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in inventory levels, and while overall supply remains slightly higher than last July, it’s mostly due to gains in apartment and row product.
With 6,678 units in inventory in July, the months of supply rose to just under three months. These gains are leading to far more balance between sellers and buyers. However, there is a significant variation between product type, as the months of supply ranged from two months in the detached sector to nearly six months in the apartment condominium sector.
“Over the past several months, we have seen housing market conditions trend toward more balanced conditions,” said CREB® Chief Economist Ann-Marie Lurie. “This eased some of the upward pressure on prices, as prices are starting to stabilize following steep gains that occurred in the first half of the year.”
Benchmark prices in the city reached $460,100, slightly higher than last month and nearly 10 per cent higher than last July. Price growth has been the highest in the detached sector, which currently sits 11 per cent above last year’s price and has finally recovered from previous highs in 2014.
HOUSING MARKET FACTS
Detached
Both sales and new listings trended lower relative to last month, but remained higher than last year’s levels. Sales are still at record levels, but with only 1,822 new listings coming onto the market in July, the sales-to-new-listings ratio remained relatively high at 78 per cent.
Slower sales relative to the inventory levels also caused the months of supply to trend up. With just over two months of supply conditions remain relatively tight. However, this is an improvement relative to the past five months. Activity also varies by price range, with homes priced below $500,000 still facing tight market conditions with less than two months of supply.
Prices continued to trend up this month over last month. At a city-wide benchmark price of $539,900, prices are 11 per cent higher then last year’s levels. Prices have been on the rise in every district, but it is only the City Centre that is reporting prices below the 2014 high.
Semi-Detached
While sales activity did slow in some districts compared to last year, overall year-to-date levels remain at historic highs. While new listings are higher than last year’s levels, they trended down enough compared to last month to cause a slight monthly decline in inventory levels. With 209 sales and 577 units in inventory, the months of supply rose to nearly three months. This is still lower than levels recorded last year, but much higher than the extremely tight conditions recorded over the first half of the year.
Benchmark prices continue to rise over last month, but like other property types, at a slower pace. Nonetheless, at a benchmark price of $428,400 in July, levels are nearly ten per cent higher than last year and have recovered from previous highs. While price gains have occurred across most districts, on a year-to-date basis, they have not yet fully recovered from previous highs in the City Centre, North East, South and East districts.
Row
Following 351 sales this month, year-to-date sales are sitting at record highs. While the pace of sales growth is slowing relative to earlier in the year, so too is the pace of new listings coming onto the market, prevented any further monthly inventory gains.
With inventory levels over 1,000 units and slightly slower sales this month compared to last, the months of supply pushed up above three months. While levels are lower than anything recorded last year, the improved choice is slowing the monthly price gain. However, prices remain nearly 11 per cent higher than last July.
Compared to last year, prices have improved across every district, with gains ranging from a low six per cent in the northwest to a high of 20 per cent in the east district. Despite the gains, prices continue to remain well below previous highs.
Apartment Condominium
Thanks to reductions in new listings, inventory levels trended down over the previous month yet remain relatively high with 1,918 units available. While trending down relative to last month, July sales are still far better than any July over the past six years. However, the higher inventories relative to sales did contribute to the monthly rise in the months of supply, which sits just below six months.
Additional supply choice is having some impact on prices depending on the district. While prices have stalled or eased slightly in most districts compared to last month, strong gains still occurred in the south and southeast districts. While prices remain higher than levels recorded last July, they remain far from price recovery.
REGIONAL MARKET FACTS
Airdrie
After posting another record month, year-to-date sales totaled 1,510 units. With only seven months of data, Airdrie sales are just shy of the annual record high of 1,695 set in 2014. Relative affordability and flexible work arrangements are some of the factors contributing to the surge in demand. At the same time, the supply in the market cannot keep pace. Inventories continued to trend down relative to previous months and compared to last year.
Strong sales and low inventories kept the months of supply just above one month. Persistent sellers’ market conditions resulted in further price gains. Price growth remains strongest in the detached sector, as benchmark prices reached $435,300 in July, nearly one per cent higher then last month and 15 per cent higher than July 2020 figures.
Cochrane
July sales remained relatively strong, contributing to the record setting pace so far this year. While conditions continue to favour the seller with under two months of supply, there was some inventory growth in July. Thanks to some gains in new listings relative to sales, inventory levels trended up this month. Despite some supply gains, total inventory levels remain at some of the lowest levels recorded in July since 2007.
Persistently tight conditions continue to impact prices in the area. The strongest gains occurred in the detached sector, where benchmark prices pushed above $500,000 in July, over two per cent higher than last month and 17 per cent higher than last July.
Okotoks
While sales in July improved relative to last year’s levels, they have been trending down compared to levels seen earlier in the year. This is partly due to further reductions in supply. There were 73 new listings that came on the market in July, keeping the sales-to-new-listings-ratio elevated at 96 per cent and supply levels eased to 109 units. Inventories are at the lowest July seen since 2006 and with less than two months of supply, the market continues to favor the seller.
Like other areas, persistently tight market conditions continue to impact prices. This is primarily driven by price growth in the detached sector. In July, detached home prices reached $511,800, nearly one per cent higher than last month and over 13 per cent higher than last year’s levels.
Click here to view the full City of Calgary monthly stats package.
Click here to view the full Calgary region monthly stats package.
Sarah Paranych, REALTOR®
linktr.ee/yycrealtor
sparanych@outlook.com
403-703-1052
Source: CREB®
Just Listed – 6135 4 Street NE
Welcome to Thorncliffe!
Quick Details:
– Listed at $449,900
– 1043 Above Grade Square Feet
– 5 Bedrooms
– 2 Bathrooms
– Double Detached Garage
– Fully Finished Basement
View the full listing details for 6135 4 St NE.
This great family home is located on the quiet end of 4th Street near walking paths, an off-leash dog park, and a disc golf course.
Upon entering your new home, you are welcomed into a renovated, open concept living space. The kitchen includes upgraded cabinets and granite countertops with an eat in dinette area.
This bungalow features a large primary bedroom, with two secondary bedrooms and a 4pc bathroom on the main floor.
The large fenced, west facing backyard is the perfect place for gardening, relaxing, or playing! You’ll also find a dog run area and a double detached garage with an over-sized door, high ceilings, and plenty of room for storage. Exterior of the home has been upgraded with Hardie Board siding.
The fully finished basement has a vast family room with a kitchenette, two bedrooms, a den/playroom, 3pc bathroom, and laundry. This home could be suited with a separate entrance to help pay the mortgage (a secondary suite would be subject to approval and permitting by the city/municipality).
Quick access to Deerfoot Trail, all major bus routes, and less than 15 minutes to downtown. Deerfoot City and Hunterhorn Plaza are less than a 5-minute drive away with all amenities you could need including grocery stores, restaurants, pharmacies, and more! Contact today to book your private viewing!
Contact today to book your private viewing!
View the full listing details for 6135 4 St NE.
Sarah Paranych, REALTOR®
Redline Real Estate Group
linktr.ee/yycrealtor
sparanych@outlook.com
403.703.1052
CREB® Statistics – Supply trends up but market still favours the seller
The Calgary Real Estate Board (CREB®) has released their statistic report for June 2021. A couple of quick statistics to take away from the article:
- The unadjusted detached benchmark price totaled $537,200 in June, nearly one per cent higher than last month and 13 per cent higher than last year’s levels.
- The districts with the strongest demand relative to supply are the North, North West, South, South East and East districts. Each of these districts has less than two months of supply in June, which is well below longer-term averages.
- In the apartment sector, balanced conditions have been supporting some price recovery in the market. Prices have trended up over the first half of the year and on a year-to-date basis they currently sit nearly three per cent higher than last year.
For the full report, continue below. As always, if you’re interested in finding out what these statistics mean for you and your specific property, feel free to get in touch with me at any time; sparanych@outlook.com or 403.703.1052.
Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.
“It is taking time for supply to catch up with the demand in the market,” said CREB® chief economist Ann-Marie Lurie.
“Through the early spring market, many buyers did not have a lot of choice, but the recent improvements in supply are providing more options for those purchasers and supporting the strong sales we continue to see in June. At the same time, gains in inventory are taking some pressure off the market as it starts to trend towards more balanced conditions.”
New listings in June totalled 4,135, the second-highest level ever recorded for the month. This caused inventories to trend up to 6,918 units. While this is higher than longer-term averages, it was balanced by strong sales and the months of supply remained relatively tight at 2.4 months. However, this is still an improvement from earlier in the year when the months of supply was below two.
As the market moves toward more balanced conditions, we are also starting to see the pace of price growth slow. The benchmark home price continued to trend up in June, but the monthly gain slowed to less than one per cent. While the pace of growth is slowing, as of June, the benchmark price was 11 per cent higher than levels recorded last year.
HOUSING MARKET FACTS
Detached
Despite some modest improvements in inventory levels, strong sales in June have kept the detached sector of the market firmly in sellers’ market conditions.
With a sales-to-new-listings ratio of 76 per cent and the months of supply below two months, benchmark home prices continue to rise. The unadjusted detached benchmark price totalled $537,200 in June, nearly one per cent higher than last month and 13 per cent higher than last year’s levels.
Despite the sellers’ market conditions in the detached sector, there is some variation depending on location. The districts with the strongest demand relative to supply are the North, North West, South, South East and East districts. Each of these districts has less than two months of supply in June, which is well below longer-term averages. The tightness in these areas has also resulted in the highest year-over-year price gains.
The City Centre has not experienced the same tight conditions as other districts and is the only district where detached prices have yet to recover from previous highs.
Semi-Detached
The pace of semi-detached sales growth is showing some signs of slowing, but year-to-date sales remain at record highs. New listings have also reached new highs so far this year. However, the growth in sales has outpaced the growth in new listings, preventing any significant shift in inventory levels.
With 592 units in inventory in June, levels have trended up from the start of the year. However, with the months of supply currently sitting at two-and-a-half months, conditions continue to favour the seller.
The persistent sellers’ market conditions have caused benchmark prices to trend up, reaching $427,000 in June. Gains have occurred across all districts so far this year, but the amount of growth has ranged from a low of less than five per cent to a high of nearly 10 per cent. Despite these gains, only the North, West and South East districts have seen prices recover to previous highs.
Row
After the first half of the year, row sales totalled 2,045, their highest mark since 2007. Those sales have been met with record-high new listings. This has caused inventories to trend up over recent months to levels higher than what we typically see at this time of year.
The higher inventories have not been a problem, as they’ve been balanced by strong sales. The month of supply remains below three months and this sector continues to favour the seller. Recent gains in the months of supply are helping the market move toward more balanced conditions, but it is too soon to see the shift impact pricing.
In June, citywide row prices totalled $299,300, one per cent higher than last month and nine per cent higher than last year’s levels. Prices have improved across most districts, but they remain well below previous highs.
Apartment Condominium
Recent price gains have encouraged more people to sell their condominiums this year, causing both new listings and overall inventories to increase relative to the previous year. At the same time, relative affordability has supported sales totals that have improved from the exceptionally low levels recorded over the previous six years.
The result has been inventories that remain elevated compared to historical levels, but strong sales have helped bring the months of supply down to levels more consistent with balanced market conditions.
The balanced conditions have been supporting some price recovery in the market. Prices have trended up over the first half of the year and on a year-to-date basis they currently sit nearly three per cent higher than last year.
Prices have risen across all districts, but the largest price gain occurred in the West district. However, overall, prices remain nearly 15 per cent below previous highs.
REGIONAL MARKET FACTS
Airdrie
June sales totalled 247 units, contributing to the record-high total recorded so far this year. Over the past decade, Airdrie has recorded annual average sales of 1,300 units, a level that has already been surpassed in 2021 with only six months of activity.
Given the exceptionally strong demand, it is not surprising that supply can’t keep up. New listings in June totalled 274 units relative to the 247 sales, keeping the sales-to-new-listings ratio extremely high at 90 per cent. With only 318 units available in inventory, the months of supply remained slightly above one month.
Persistently tight conditions continue to weigh on prices, especially for detached homes, which have recorded the largest price jump. In June, the detached benchmark price was $432,700, nearly two per cent higher than last month and more than 15 per cent higher than prices recorded last June.
Cochrane
Thanks to another record month of sales, year-to-date sales topped 725 units. This is just shy of the annual record high that occurred in 2014, when 754 sales occurred over the entire year. Improving sales are far outpacing growth in new listings, causing inventories to fall to the lowest levels recorded in June since 2007. With 1.3 months of supply, conditions continue to favour the seller.
After several months of significant monthly prices gains, there was a short pause in the monthly growth in June. However, on a year-to-date basis, prices are more than four per cent higher than levels recorded over the same period last year.
Okotoks
With another month of strong sales, year-to-date levels remained at record highs with 480 units.
Like other areas, Okotoks has struggled to maintain enough supply to keep up with demand. Inventory levels have trended up slightly over the past few months, but as of June, they remain nearly 50 per cent lower than long-term averages for the area.
Record sales and low inventory have caused the months of supply to remain just above one month. The low level of inventory relative to sales has persisted in this market since the third quarter of last year, causing steady gains in prices, especially for detached homes.
As of June, the detached benchmark home price rose to $508,200, nearly 14 per cent higher than last June and nearly seven per cent higher than prices recorded at the start of the year. Prices are also rising for other property types, but they remain below previous highs.
Click here to view the full City of Calgary monthly stats package.
Click here to view the full Calgary region monthly stats package.
Sarah Paranych, REALTOR®
linktr.ee/yycrealtor
sparanych@outlook.com
403-703-1052
Source: CREB®
Five tips for keeping your home cool without air conditioning this summer
It’s only June, but Calgarians have already gotten a taste of the 30-degree temperatures usually reserved for the peak summer days of July and August. This summer could be a hot one, and it’ll feel even hotter if, like many Calgarians, your home doesn’t have air conditioning.
Here are five tips for keeping your home cool without A/C this summer:
1) Cover up windows
A ton of unwanted heat can come from solar energy entering your home through the windows, creating greenhouse-like conditions that will have you sweating in no time. The solution is as simple as ensuring your blinds or other window coverings are closed during the day to block the sun. At night, once the sun has set and temperatures have dropped, you can open your windows to let cool air back into the space.
2) Hack your fan
It’s possible to mimic the feeling of a chilly sea breeze using a standard fan and a couple extra materials you should have lying around. Fill a large mixing bowl with ice cubes or ice packs then place it in front of your fan. When you turn it on, the air blowing through the fan will be chilled by the bowl of ice, offering sweet relief from high indoor temperatures.
3) Adjust ceiling fans
Ceiling fans usually run in two directions. Make sure your fans are set to run counterclockwise during the summer to direct airflow downward, which will create a cooling wind-chill effect. If your fans are set to run clockwise, they will actually create an updraft that can push hotter air near the ceiling down to ground level, making the space feel warmer.
4) Ditch incandescent lights
Many people replaced their inefficient incandescent bulbs long ago, but if you still have a few scattered throughout the home, make sure they are turned off when outside temperatures climb. Incandescent bulbs throw off a ton of heat, so if you need to keep things well lit during a heatwave, replace them with more efficient LED or fluorescent bulbs that stay cool during use.
5) Avoid hot appliances
Your oven, stove, dishwasher, washing machine and dryer can all heat up your home’s interior. Try to avoid using these appliances, or use them sparingly, during the hottest parts of the day. If you have a barbecue, now’s the time to start grilling – you’ll get a chance to enjoy the weather and keep your home cool at the same time.
Sarah Paranych, REALTOR®
linktr.ee/yycrealtor
sparanych@outlook.com
403-703-1052
Source: CREB®
