This year is flying by, was anyone else surprised to see “First Day of Spring” on their calendars this month? Spring is just around the corner, and with it brings a rush of new sellers entering the market and eager buyers waiting for the perfect deal. To help navigate the competition, you need the guidance of a trusted professional with a strategic marketing plan and savvy negotiating skills. Let me be that agent for you, and lets make your real estate goals come to fruition. You know where to find me!
City of Calgary, February 1, 2019 – As economic challenges linger into 2019, housing markets remain on a sluggish pace.
January sales totalled 804 units, 16 per cent below last year and 21 per cent below long-term averages for the month. “The slow start to the year does not come as a surprise, as concerns about job losses and the state of the energy sector weigh on consumers. We anticipate that the slow market conditions will persist throughout much of the first quarter,” said CREB® chief economist Ann-Marie Lurie.
The number of new listings entering the market remained comparable to last year, but those levels far surpassed sales activity. This is resulted in further gains in inventory levels. Elevated inventories relative to sales caused months of supply to rise to nearly seven months.
Persistent buyers’ market conditions have continued to impact prices. Citywide residential benchmark prices eased to $414,800 in January. This is nearly one per cent lower than December figures and four per cent below January 2018 levels.
* Stats obtained from CREB
For the full yearly forecast, click here. Continue reading →
AMAZING VALUE! $100,000.00 price reduction. Total LUXURY in Lake Bonavista Estates! Dare to compare! Nothing left to upgrade INSIDE or OUT! Rare ‘turn key’ opportunity to own in one of Calgarys premiere communities. Completely renovated a few years ago right back to the studs. Including new electrical, mechanical, HVAC, lights, window coverings and all fixtures. Over 3,000 sq ft of living space with nothing overlooked. Spacious main floor including a gorgeous gourmet kitchen with top of the line S/S appliances, huge island, and granite counters. Don’t miss the large hidden walk-in PANTRY! Large dining area, great for special occasions. Tons of built in’s everywhere. 3 Beds up with a large Master including a gorgeous ensuite with heated floors, free standing tub, large marble finished shower and big walk in closet. Downstairs you will find a large bedroom, a full bath and a large rec room. Step outside and appreciate the exterior renovation including Hardie Board siding, rock work, landscaping and a patio thats perfect for entertaining. Book today!
Tis’ The Season…..To Support Local.
Shopping for the holidays always seems to be one of those ventures that can either excite us or completely stress us out. Are you the type to get your shopping done online from the comfort of your home? Or do you like the energy and brave the frenzy at the malls? Chinook Mall during the Holidays…on a weekend, anyone?
As we get closer to the big day I can feel the chaos of Christmas shopping in the air.
With the questions and delays looming over Canada Post this year, it could be a great motivator to go and check out all of the amazing local YYC businesses perfect for your Christmas shopping.
I have always done my best to support local small business no matter where am spending my money and Calgary can truley accommodate it all!
In virtually every community in the city you can find amazing Christmas markets featuring talented local artisans and shops offering everything from delicious homemade food to toys, clothing and everything in between.
My personal favourites over the Holidays are the incredible Spruce Meadows Christmas Market (hopefully you can catch the tail end as it wraps up Dec 2, 2018) and Market Collective at BMO.
Here are a few links to get you started with Calgarys Best One Stop Gift Stores (article courtesy of Avenue Magazine ) and Markets coming up this month.
Once you wrap up your day be sure to check out Proof, it is the first and only bar in Western Canada to host a Miracle pop-up!
Enjoy one of many “Santa” inspired cocktails to really keep the Christmas spirit going and the stress down.
After all of that you need to get all of those gifts wrapped. Go check out some of the local malls to see where they will be hosting “Wrapping for a Cure” for Cystic Fybrosis.
From December 1st to December 24th Cystic Fibrosis Canada volunteers will be Wrapping for a Cure in malls throughout Calgary.
I think when she says “grinder” she means “goal scorer” haha! All jokes aside, this is another really awesome reminder of what relationships new and old mean to BK. I am very grateful for these kind of relationships in my life and I’m lucky to get to work with amazing people week in and week out while helping them achieve their real estate goals.
Check out this absolutely stunning home in Evergreen Estates. Custom built by California Homes, this home has it all. Over 3,500 sq ft of developed living space with additional storage space. Top quality finishing through-out including a beautiful custom kitchen with quartz countertops, top of the line SS appliances, custom window coverings, surround sound speaker system, gorgeous rock fireplace and much much more. The main floor offers beautiful OPEN flow and functionality making it the perfect space for entertaining and family gatherings alike. 4 spacious bedrooms and 3.5 baths inclusive of an exceptional master with gorgeous en-suite making it the perfect space to unwind. The fully finished lower level features in-floor heating and a ton of additional space. Exquisitely landscaped yard has a underground sprinkler system and stamped concrete patio. This huge corner lot is perfectly located in Evergreen close to schools, green spaces and the tranquil Fish Creek Park. See Additional Remarks for more features! Must See!
Especially in today’s market, the process of buying or selling a home can have its challenges time to time. Interest rate volatility, mortgage rule changes, and lenders tightening up their approvals are all part of Real Estate today. Being prepared, patience, and sticking with the plan are all essential parts of the BK process. Grateful for the trust of all my clients.
Connection to the city and to the communities my clients live in is a really important piece to the BK philosophy of doing business.
Being born and raised right here in Calgary gives me a ton of pride but also a real connection to the city and a real connection to the local people that appreciate it as much as I do.
WHY FALL MAY BE THE BEST SEASON TO BUY YOUR HOME
The best time to buy or sell a home seems to have always been considered the Spring and Summer.
But! Fall is not only a great time to buy or sell a house, it might also be the best season to find the perfect property (and not just because you can browse the listings while enjoying a pumpkin spiced latte).
Here are some great reasons to consider expanding your home search into the Fall
The best time to find a deal – Motivated Sellers
The best month to get yourself a deal when buying a home? October. This isn’t a random guess, according to RealtyTrac’s analysis of more than 32 million home sales over 15 years. (US) The resulting data showed that on average, October buyers paid 2.6% below estimated market value at the time for their homes. (Source – Realty Trac)
Sellers may have also had their home on the market longer than anticipated especially with the product available in the Spring and Summer months. This will increase their motivation to sell prior to the winter months.
Like the beaches in Canada after Labor Day, the real estate market clears out as the days turn cool and everyone is in back to school mode. Most summer buyers have already found a home, meaning a fall buyer will have far less competition for the available houses on the market.
Many sellers will remove their home from the market until the new year allowing Buyers greater room to browse and attend Open Houses.
Once you have possession on your new home you found in the fall, you may want to upgrade your appliances. December is the best time to upgrade your appliances according to Consumer Reports. It’s also the best time of year to buy cookware and TVs.
So once you’re settled, get ready to renovate! (Check out our earlier BLOG post all about renovations and how to add value to your home)
The holidays are around the corner.
Not only are most home sellers worn out after the summer selling season, they’re also caught between a real estate rock and a hard place in that the holidays are around the corner. If they want to move and settle down in time to host Thanksgiving and Christmas, they’ll have to close quickly. So use this pre-holiday window to your advantage.
Check out our featured listing this week!
5012 1st St NW
WOW Curb Appeal! Gorgeous FULLY FINISHED home in the well established community of Thorncliffe. This home has been completely updated top to bottom including new kitchen with quartz countertops and S/S appliances. Bright OPEN CONCEPT with brand new windows allowing in tons of natural light. The living area features a gas fireplace with custom built-ins. Master bedroom, second bedroom and fully updated bath complete this level. Lower level is fully finished with tons of space for family gatherings. Kids play area and a nook that offers many options such as a home office with built-in desk. Also features another bed & bath on this level. Massive yard in both the front and back of this home with mature trees and PROFESSIONAL LANDSCAPING offering privacy and tranquility. Thorncliffe is a fantastic, inner city, family friendly neighbourhood within 10 minutes to downtown and 10 minutes to the airport. Access to all amenities including rec centres, shopping, public transit, schools and more!
WWW.BENKNOPP.COM for full listing details!