Saturday 29 March 2014
Tuesday 18 March 2014
New Listing!! 103 Crestmont Drive SW, Calgary - Big, Bright and Beautiful.
The executive home you have been waiting for. Inviting and bright. This beautiful two story walk-out home features an open floor plan perfect for entertaining. The main floor is stunning with hardwood floors, granite countertops and black appliances. The back of the house features large windows that bring in the sun to the kitchen, breakfast area and raised deck. Also on the main floor is an office space, walk thru pantry and laundry. Upstairs you will find a bonus room, two generously sized bedrooms and a spacious master bedroom which is accentuated by a large five piece ensuite and walk-in closet (the bathrooms also have granite and upgraded fixtures). The professionally finished basement is complete with large windows, separate enterance, two bedrooms, 3 piece bathroom, wet bar, living room and a large storage room. With an oversize attached garage and a kids park & walking trails just across the street, you shouldn't wait, call for your private viewing today! Give me a call at 403-807-1145.
103 Crestmont Drive SW, Calgary AB, AB T3B 4Z6, Canada - Grandeur in Crestmont - Big, Bright and Beautiful - real estate listing
Tuesday 4 March 2014
The Monthly STAT! Well Into March, What's Happening??
We're well on our way to being well into March and it is still a cold snowy winter out there. How's that for a warm welcome? Lolz. What I mean to say is that change is well on its way, it just doesn't really seem like it right now. Although that's meant to reflect the weather, it also relates to our current real estate climate here in Calgary. The fresh stats have been released by the Calgary Real Estate Board, and here's what you need to know.
Although sales were very strong in February, they were greatly influenced by what the market has had to offer. For the second month in a row, we have seen a decline in new listings on the MLS. The most strangled chunk of that market is the mid-price market as we would expect. What we don't get used to expecting is that the house will invariably have an offer before you show it. Quick movers get their choice ... sometimes. Other times, the buyer might be up against an unbelievable offer from another party. How does one compete? With a great REALTOR® always.
With a crunch in the mid-line market ($300 - $600K), we are seeing condo sales soar. With so many aspects of this market moving in different directions, it can sometimes be hard to understand why. This year, we have seen a 17% increase in new condo listings and sales are a whopping 28% over last year!! With this also came a nice margin increase of 12.4% over last year at this time. That is great news for all of the folks who invested in a condo in the past few years.
Now that spring is on the horizon, people will start to think about warm weather possibilities, one of them being a relocation, or perhaps even a income investment fixer upper project. This is going to bring fresh products for consumers to peruse and perhaps ease a bit of anxiety that a lot of buyers experience when they think that they'll never find what they're looking for. You'll find it!! Don't lose hope.
One of two things is going to happen during the next few months. The market is going to begin to grow at a steady pace with new listings until it finally reaches the typical Summer inventory levels that we expect. Or, it will very slowly grow and then boom to those levels.
The short of the small of it is that nobody is expecting the ebb to outlast the flow in this city's real estate climate. The predictions are all in positive directions for both buyers and sellers.
One of the irons in the fire at this point is the Bank of Canada's overnight lending rate and the confidence of the lenders several levels below to maintain low interest rates. This situation will have to be monitored closely as we move into 2015. Until then, it looks like we might be in the clear from any such increases.
News of rate increases did, however flow down the pipes of the mortgage insurers this week. The Canadian Mortgage and Housing Corp. announced that it would be raising it's rates to the tune of an average of 15%. That means that if you throw 5% down on that snazzy $250K condo you've been drooling over, it's going to cost you $900 more than it would have have before the increase. This of course is the insurance premium itself that inflates. We should see the other two default mortgage insurers following suit, no doubt.
Although sales were very strong in February, they were greatly influenced by what the market has had to offer. For the second month in a row, we have seen a decline in new listings on the MLS. The most strangled chunk of that market is the mid-price market as we would expect. What we don't get used to expecting is that the house will invariably have an offer before you show it. Quick movers get their choice ... sometimes. Other times, the buyer might be up against an unbelievable offer from another party. How does one compete? With a great REALTOR® always.
With a crunch in the mid-line market ($300 - $600K), we are seeing condo sales soar. With so many aspects of this market moving in different directions, it can sometimes be hard to understand why. This year, we have seen a 17% increase in new condo listings and sales are a whopping 28% over last year!! With this also came a nice margin increase of 12.4% over last year at this time. That is great news for all of the folks who invested in a condo in the past few years.
Now that spring is on the horizon, people will start to think about warm weather possibilities, one of them being a relocation, or perhaps even a income investment fixer upper project. This is going to bring fresh products for consumers to peruse and perhaps ease a bit of anxiety that a lot of buyers experience when they think that they'll never find what they're looking for. You'll find it!! Don't lose hope.
One of two things is going to happen during the next few months. The market is going to begin to grow at a steady pace with new listings until it finally reaches the typical Summer inventory levels that we expect. Or, it will very slowly grow and then boom to those levels.
The short of the small of it is that nobody is expecting the ebb to outlast the flow in this city's real estate climate. The predictions are all in positive directions for both buyers and sellers.
One of the irons in the fire at this point is the Bank of Canada's overnight lending rate and the confidence of the lenders several levels below to maintain low interest rates. This situation will have to be monitored closely as we move into 2015. Until then, it looks like we might be in the clear from any such increases.
News of rate increases did, however flow down the pipes of the mortgage insurers this week. The Canadian Mortgage and Housing Corp. announced that it would be raising it's rates to the tune of an average of 15%. That means that if you throw 5% down on that snazzy $250K condo you've been drooling over, it's going to cost you $900 more than it would have have before the increase. This of course is the insurance premium itself that inflates. We should see the other two default mortgage insurers following suit, no doubt.
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