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New property listed in Valley Ridge, Calgary

I have listed a new property at 19 Valley Pointe WAY NW in Calgary. See details here

Executive custom-built 2 storey with developed basement located in the family-oriented Valley Ridge Pointe Estates. A total of 4 bedrooms, 4 bathrooms, a bonus room and a main floor office/den. Perfect for working from home. Bright and open floor plan with tons of upgrades; move-in ready. This stunning home boasts high-end finishes and natural light that illuminates the 9’ ceilings and gorgeous hardwood floors. The open-concept great room offers clear sightlines and a contemporary look that is both beautiful and welcoming. Relaxation awaits in the living room with a cozy fireplace and extra windows. Entertain in the kitchen with a large island, granite countertops, a corner pantry for extra storage and an abundance of full-height cabinets that contrast beautifully with the upgraded SS appliances and 5-burner gas stove. The dining area leads to the sunny west-facing backyard with gas hook-up; perfect for any indoor/outdoor lifestyle. The yard offers a low-maintenance concrete patio great for summer BBQs and a fully fenced area for the kids to play in. Gather in the huge, vaulted bonus room on the upper level. This amazing space is perfect for customizing to your family’s needs as a media room, play area or hobby space with views of the park out front. At day’s end, retreat to the generous master suite with walk-in closet and private 5-piece ensuite boasting dual sinks and a deep soaker tub. This level is also home to 2 additional spacious bedrooms, full family bathroom and convenient laundry room. Vinyl flooring throughout the second level (no carpet). More space awaits in the finished basement. Come together for movies and games in the massive rec room. This level has a 4th guest bedroom, full bathroom and tons of storage. Additional upgrades to the home include stucco siding, floor-to-ceiling stone around the fireplace, light fixtures and extra windows. Across street from a playground/greenspace. Lots of street parking. Steps from a nature reserve with pathway and hiking trails to Bow River. Just a short drive to the Valley Ridge golf course, Winsport/COP with its skiing and mountain biking. Easy exit to the mountains (45 minutes to Canmore). Close to many conveniences: soccer fields, parks, ice rink and the new Superstore, Calgary Farmers Market, Calaway Park and the new Bringham Crossing luxury shopping mall (with a Costco under construction) and less than 20 minutes to downtown. Call to book your private showing today.

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New property listed in Saddle Ridge, Calgary

I have listed a new property at 216 5 Saddlestone WAY NE in Calgary. See details here

Welcome Home! Beautiful 2 Bed + 2 Bath condo in the heart of SADDLERIDGE NE. Why rent when you can own for less. The building is very well maintained and very clean. Many upgrades in this great condo such as granite counters, stainless steel appliances and much more. Being on the 2nd floor, south facing unit, the Living-Dining-Kitchen area is bright with natural lights. Upgraded Kitchen offers Quartz countertops, lots of cupboards, Stainless Steel Appliances, an island which can also be used as breakfast nook and can replace the need to a dining table for a single person or a couple. Open concept floor plan leads out to a great patio area with views of pond across street, perfect for summer BBQ's and entertaining. The unit also hosts in suite laundry and storage. Did I mention that it comes with an underground titled and heated parking stall? Restaurants, groceries, schools, parks, playgrounds, transit are within footsteps. This condo makes for a perfect home for a small family or a rental property. Immediate possession available. Call to book your private showings today!

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I have sold a property at 1806 140 Sagewood BOULEVARD SW in Airdrie

I have sold a property at 1806 140 Sagewood BOULEVARD SW in Airdrie. See details here

Wow! A great investment property or for a family’s first home. This affordable 2-bedroom, 1-bathroom townhome with 870 sq.ft is a top floor unit with lots of natural light and views of the green space/school. The open concept space features a large living room with big windows, plus an incredible kitchen complete with central island, large pantry and lots of cupboard and counter space. Down the hall you will find 2 good-sized bedrooms, including your primary, which includes direct access to your private south-facing balcony with a view of the green space/school. Great for morning coffee and summer BBQs. A 4-piece bathroom is down the hall and your laundry space is tucked away for easy accessibility. An assigned parking spot plus visitor spot is directly in front of your unit. Well managed complex and pet friendly with board approval. All this plus Sagewood is an amazing community that includes schools, playgrounds, easy access to shopping and a great path system to enjoy the outdoors. Why rent when you can buy? Call today to book your showing.

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I have sold a property at 148 Paint Horse DRIVE in Cochrane

I have sold a property at 148 Paint Horse DRIVE in Cochrane. See details here

**Check out the virtual tour**. UPGRADED HOME | FOUR BEDROOMS | BONUS ROOM | ENSUITE | MOVE-IN READY | This beautiful 2-storey home with double-attached garage is ideally located on a family friendly street and offers easy living with many incredible upgrades and features – hardwood flooring, recessed light fixtures, tile floors, big windows, landscaped and fully fenced backyard, and more. Open concept main floor boasts a living room with huge picture window, letting in loads of natural light, plus a cozy gas fireplace. The adjacent kitchen showcases walnut cabinets, corner pantry, stone backsplash, granite countertops, stainless steel appliances and an island with eating bar – an ideal setup for entertaining friends and family. The rear dining room has patio doors leading to the large rear deck and yard. The main floor is completed by a lower mudroom off the garage and a two-piece powder bathroom. Head upstairs to the huge Bonus Room, which is perfect for entertaining. Three spacious bedrooms including a large primary bedroom, which has a great layout with large walk-in closet plus a second adjacent and a large 4pc ensuite bathroom with lots of counter space. Upstairs laundry with plenty of built-in wire shelving. Basement is finished with a family room and a 4th bedroom with a big window. Roughed-in 3 pc bathroom is awaiting your completion. This is your opportunity to move to the family friendly community of Heartland, featuring plenty of convenient amenities such as a Tim Horton's, dental clinic, gas station, daycare, schools, parks, river pathways and a pond nearby. Book your showing today and fall in love with this beautiful home.

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Open House. Open House on Sunday, March 19, 2023 1:00PM - 3:00PM

Please visit our Open House at 143 Heritage Lake DRIVE in Heritage Pointe. See details here

Open House on Sunday, March 19, 2023 1:00PM - 3:00PM

**Open House: Sunday March 19 from 1 pm to 3 pm**. See our 3D-360 virtual tour! EXECUTIVE LAKE LIVING FULLY FINISHED ESTATE HOME is perfect for entertaining & family living. Located minutes from Calgary and Okotoks, this home gives you the ability to have acreage-like land with municipal features and convenience. 143 Heritage Lake Drive welcomes you to the beautiful and exclusive community of Heritage Pointe offering year-round private access to the Club House activities, sandy beach, dock, playground, kayaks, paddle boards, fishing, and skating. This 2-storey WALK-OUT home offers a total of 4 bedrooms and 3.5 bathrooms over 3,700 sqft of living space. Entering your new home you will find a huge entrance, dining room or office space, 2 piece bathroom, main floor laundry room, walk-through pantry that brings you to the open and bright kitchen and living room. Granite counter tops, ample cupboards, stainless steel appliances, gas stove, eat up island and fireplace makes this space fantastic for entertaining. Off the the kitchen area you will find the massive private main floor deck with views of south Calgary and stairs leading down to the ground level concrete patio. Features include underground sprinklers, gas barbecue lines on both the upper and lower levels, low maintenance back yard and dog run. Going back inside, the 2nd floor leads you to a family/bonus room, a 4 piece bathroom, 2 large bedrooms and the bright and spacious primary bedroom with large walk-in closet, and 5 pieces ensuite that includes walk-in shower, double sinks and powder table. Heading down to the fully finished walk-out basement your entertainment dreams come true with a custom full wet bar, commercial bar fridge, with granite sit up counter, hot water on demand, in floor heating, space for pool table and spacious walls for TV screens ready for sporting events and movies. Parking…. the over sized triple car garage and large driveway will easily accommodate 6 parking spaces. ……making 143 Heritage Lake Drive your new home in the new year. Call to book your private viewings.

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New property listed in Airdrie, Airdrie

I have listed a new property at 1806 140 Sagewood BOULEVARD SW in Airdrie. See details here

Wow! A great investment property or for a family’s first home. This affordable 2-bedroom, 1-bathroom townhome with 870 sq.ft is a top floor unit with lots of natural light and views of the green space/school. The open concept space features a large living room with big windows, plus an incredible kitchen complete with central island, large pantry and lots of cupboard and counter space. Down the hall you will find 2 good-sized bedrooms, including your primary, which includes direct access to your private south-facing balcony with a view of the green space/school. Great for morning coffee and summer BBQs. A 4-piece bathroom is down the hall and your laundry space is tucked away for easy accessibility. An assigned parking spot plus visitor spot is directly in front of your unit. Well managed complex and pet friendly with board approval. All this plus Sagewood is an amazing community that includes schools, playgrounds, easy access to shopping and a great path system to enjoy the outdoors. Why rent when you can buy? Call today to book your showing.

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Calgary February 2023 Home Market Update

March 01, 2023 | CREB

Lowest February inventory since 2006

Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

“While higher lending rates are impacting sales activity as expected, we are seeing a stronger pullback in new listings, keeping supply levels low and supporting some stronger-than-expected monthly price gains,” said CREB® Chief Economist Ann-Marie Lurie. “Prices are still below the May 2022 peak and it is still early in the year. However, if we do not see a shift in supply, we could see further upward pressure on prices over the near term.”

Both sales and new listings declined over last year’s record high for the month. While sales activity remained stronger than long-term trends and levels reported throughout the 2015 to 2020 period, new listings fell below long-term trends.

With a sales-to-new-listings ratio of 73 per cent and a months of supply of under two months, the market has struggled to move into balanced territory causing further upward pressure on home prices. The unadjusted benchmark price increased by nearly two per cent over January levels and last year’s prices.

Detached

Both sales and new listings reported significant year-over-year declines over last year’s record high. While the seasonal monthly gain did see inventories move up over the last two months, levels are still amongst the lowest seen in February, and the months of supply fell below two months.

Further tightening conditions did cause the unadjusted benchmark prices to rise over last month’s levels, but at a price of $635,900, it is still below the peak reported in May 2022. While supply continues to remain a challenge relative to demand for lower-priced homes, we are seeing conditions shift into balanced territory for homes priced above $700,000.

Semi-Detached

Like the detached sector despite the seasonal monthly gain, both sales and new listings fell from last year’s record high. While inventories are starting to rise over the levels seen in the past few months, they remain amongst the lowest levels reported for February. The relatively low inventory levels caused the months of supply to fall below two months in February, while it is still higher than last year’s ultra-low levels, conditions continue to favour the seller.

The unadjusted benchmark price reached $568,100 in February, nearly two per cent higher than last month and a three per cent gain over last February. Persistently tight market conditions contributed to the monthly unadjusted gain in the benchmark price. However, like detached properties prices remain below the May 2022 peak.

Row

Conditions remained exceptionally tight in February with only one month of supply and a sales-to-new listings ratio of 87 percent. While row sales have eased over record levels, they have remained relatively strong for February as demand shifts toward the affordable product in the market.

The persistently tight conditions caused further upward pressure on prices. In February, the unadjusted benchmark price reached $369,700, a monthly gain of over two per cent and a year-over-year gain of nine per cent. Unlike the other sectors, prices have reached a new high this month.

Apartment Condominium

Sales for apartment condominiums did not see the same pace of decline as other property types in February partly due to the level of new listings coming onto the market. Persistently strong sales compared to listings have caused February inventory levels to remain relatively low compared to levels seen over the past eight years and the months of supply once again dropped below two months.

The tight market condition contributed to the upward pressure on prices. In February, the unadjusted apartment benchmark price reached $286,000, nearly three per cent higher than last month and over 11 per cent higher than last February. While prices are still higher than the levels reported last year, they remain nearly seven per cent below the peak levels reported back in 2014.

Source: CREB

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