CALGARY MARKET REPORT
THIRD QUARTER SEPTEMBER 2017
Please see current listings and recent sales below.
This summer was very active for me and thanks to my many great clients I achieved the #1 REALTOR in July for Re/Max Realty Professionals.
As we head into the 4th quarter of 2017, there is a continued upward trend in the Calgary real estate market which is reflected in activity over the summer months. Modest price gains in June were consistent with a gradual recovery (CREB). July saw a slight decrease in sales compared to last July, yet year to date sales activity was 9% above last year. In August we again saw a modest gain with a rise in new listings.
Employment is improving, and I see continued optimism in the clients I am representing about the Calgary market, both from those that live here and those that are moving to Calgary from elsewhere. This was evident over the summer with 15 sales over $2 million, and 3 properties that transacted over $3 million. With renewed confidence in Calgary is also the realization that supply is somewhat elevated providing buyers with the opportunity to consider all their options before making a purchasing decision. In addition, Low interest rates, and signals of a stabilizing provincial economy are factors in renewed consumer confidence. As always, I recommend my seller’s need to be realistic about their pricing and respond appropriately to the market.
Mortgage rules are continually changing and there is more change coming with increased tightening of approvals and the expectation of the benchmark rate to increase slightly again in the coming weeks. With all of these changes, it is imperative that buyers are pre-approved by a qualified mortgage broker to avoid disappointment.
Having separate clients both sell and buy a property listed at over $3 million this summer, and representing several clients in purchases near or over $1 million, I can tell you there is good reason to be optimistic!
I appreciate all of your referrals, and am often aware of properties not yet on the market, so please call me if you are considering BUYING or SELLING.
CURRENT LISTINGS:4319 14A Street SW LISTED AT: $1,649,000
Incredible location facing River Park, Calgary’s largest inner city park on a 68.5 ft. lot.
904-31ST AVE NW LISTED AT: $1,149,000
Stunning custom-built home that offers privacy, functionality, & high end finishing’s throughout. Overlooking Confederation park and with City views.
949 32 Ave NW LISTED AT: $499,000
Exceptional investment opportunity surrounded by over 130 acres of green space in inner city Calgary.
- 240 Crescent Road NW LISTED AT: $3,199,000 SOLD Represented Seller & Buyer
- 1208 Montreal Ave SW LISTED AT: $1,950,000 SOLD Represented Buyer
- 251138 Range Road 61 LISTED AT: $1,088,888 SOLD Represented Buyer
- 3028 5th Street SW LISTED AT: $949,000 SOLD Represented Seller
- 74 Sienna Park Terrace SW LISTED AT: $819,900 SOLD Represented Buyer
- 2436 33 Street SW LISTED AT: $699,900 SOLD Represented Buyer
- 61 Rossdale Road SW LISTED AT: $635,000 SOLD Represented Buyer
- #1708 1118 12 Avenue SW LISTED AT: $408,888 SOLD Represented Buyer
- #806 2505 17 Avenue SW LISTED AT: $319,900 SOLD Represented Seller
- #302 2214 14A Street SW LISTED AT: $294,900 SOLD Represented Seller
If you are considering SELLING or BUYING, please call me at: 403-836-1520. I will not only provide you with an in-depth analysis of current market conditions and a current market evaluation for NO OBLIGATION, I will also provide you with excellent customer service managing your transaction from start to finish. Please visit my website for additional information.
I look forward to hearing from you!