July 2013

Hello Mortgage - Good-Bye Rental

Each month, we're seeing more and more people taking the plunge from renting to buying their first Calgary home. It's not surprising, considering some of the great prices on the market.

According to a recent survey by Bank of Montreal, first-time buyers have a budget of approximately $300,000 for their first home. This is a Canadian average that ranges from $156,119 in New Brunswick to $529,922 in British Columbia. Here in Alberta, the rate is $378,685.

I thought I'd take a look and see how realistic that figure was for our Calgary buyers. Is it possible to get a nice starter home in a decent neighbourhood for under $380,000?

Using a price range of $365,000 - $380,000 - here is a sampling the sizes of homes

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Every day we see exceptional deals in the Calgary real estate market, but many go unnoticed by the average home buyer - until it's too late. In the following investor alert, you'll find a summary of Calgary's listing opportunities that may be worth a second look, and why we chose them. It could be anything from starter homes to investment properties to luxury estates - you never know what we'll find.

Here are our Calgary investor alerts for week ending July 14, 2013:

1. Stylish Chaparral Valley Home: $339,900

REDUCED: $10,000

Previous Price: $349,900

Why we love this deal:

Bring your family or your tenants to this stylish, extensively upgraded home in Chaparral Valley backing onto beautiful park, paths, and pond! Gleaming hardwood floors on

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2013 second quarter total residential sales reached 221 in Cranston, compared to 213 sold listings during the same period last year.

196 Single Family Homes were sold in Cranston, with an average sold price of $464,377, and median sold price of $429,500.
Highest Sold Price: $1,245,000
Lowest Price: $299,500
Average Days on Market: 39
Median Days on Market: 28

25 Condos were sold in Cranston in the first six months of this year, with an average sold price of $302,806, and a median sold price of $285,500.
Highest Sold Price: $420,000
Lowest Sold Price: $1233,900
Average Days on Market: 57
Median Days on Market: 39

Click on the infographic for more details!

 

Let us help you with your search for that perfect home in Cranston in deep south Calgary

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Take a tour in this absolutley stunning Morrison built estate home with three fully developed levels and walkout basement in the sought-after lake community of Auburn Bay located at:16 Auburn Sound Terrace SE!

This home has been extensively upgraded throughout. It features a soaring 9' ceilings on the open main floor that is enhanced by gleaming hardwood floors and dream kitchen with maple cabinets, granite countertops, custom backsplash, stainless steel ppliances, huge island and walk through pantry.

Enjoy you meals in the bright breakfast nook or in the formal dining room with natural light, and relax in the great room with beautiful fireplace. Completeing the main is a convenient flex room, laundry nd half bath.

The upper level boasts a great

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2013 second quarter total residential sales reached 154 in Auburn Bay, compared to 99 sold listings during the same period last year.

124 Single Family Homes were sold in Auburn Bay, with an average sold price of $460,971, and median sold price of $463,700.
Highest Sold Price: $920,000
Lowest Price: $305,000
Average Days on Market: 48
Median Days on Market: 38

30 Condos were sold in Auburn Bay in the first six months of this year, with an average sold price of $294,955, and a median sold price of $298,338.
Highest Sold Price: $362,500
Lowest Sold Price: $192,000
Average Days on Market: 44
Median Days on Market: 29

Click on the infographic for more details!

 

Let us help you with your search for that perfect home in the much desirable lake

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2013 second quarter total residential sales reached 151 in New Brighton, compared to 141 sold listings during the same period last year.

125 Single Family Homes were sold in New Brighton, with an average sold price of $404,480, and median sold price of $397,750.
Highest Sold Price: $620,000
Lowest Price: $240,000
Average Days on Market: 33
Median Days on Market: 22

26 Condos were sold in New Brighton in the first six months of this year, with an average sold price of $282,247, and a median sold price of $288,450.
Highest Sold Price: $308,000
Lowest Sold Price: $236,000
Average Days on Market: 27
Median Days on Market: 21

Click on the infographic for more details!

 

Let us help you with your search for that perfect home in the much desirable

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Read all about it! Don’t miss the most important events in Calgary real estate news for the week of  July 7 - 13, 2013.  Compliments of the Calgary Home Team.

Calgary Suburban Communities to Lead Housing Growth - Wetsern Investor

Calgary suburbs are poised to attract most of the population growth for the next five years, according to the City of Calgary's 2013-17 Suburban Residential Growth Report. The forecast expected the city to have118,600 new residents between 2013 and 2017, of which 94% of them will choose to live in the suburbs that will host 77% of the 50,600 additional residential units during the same period! These growth figures pose a great challenge to the City of Calgary, always looking to restore housing & population balance between the

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Calgary residential sales continue to improve in all housing categories in June with a total of 2,317 sold units, representing a 6% increase over June 2012 figures.

 Sellers are still benefiting from a tight market conditions, characterised by higher demand coupled with a decline in listings. The tight market conditions are expected to continue in the next few months as owners of flooded properties "who were planning on selling their homes, will have some big decisions to make," said Becky Walters, CREB® President, "will they take a discounted price? Or will they stay and fully remediate the property?"

Generally speaking, msot gains were in the condominium market that outpaced the sales in the single family sector still suffering from shortage in

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