Calgary Dream Homes Real Estate News Blog

 

Sept. 16, 2019

Listings are down again in all categories except apartments

Listings are down again in all categories except apartments, which did not change much, and sales are up by 6% over last year overall. The $500,000.00 and under is the strong area of the market right now. Having said that you still need to be priced right as always. Benchmark prices seem to have stabilized, days on the market are down, sales to list ratio is up again so all in all another good month. September stats may change a bit because of the Federal election in October. I have always found elections make people somewhat uneasy and can skew markets. Hoping it doesn’t though as we really do seem to be becoming a balanced market.

Bonny Dann

Real Estate Professionals Inc

Posted in Market Updates
Sept. 11, 2019

Just Listed 251096 Welland Way, Bearspaw Alberta

251096 WELLAND WAY, BEARSPAW

We have just listed an Oasis in the Country !!:  251096 WELLAND WAY, BEARSPAW, ALBERTA

The outside world will stop as soon as you reach the gates of this beautiful walkout country home. Welcome to prestigious Westminster Glen in Bearspaw, Alberta. We present 4.5 Acres of pure tranquility with a sweeping poplar lined driveway. This custom Mckinley Masterpiece includes a one and a half storey home, oversized quad garage and an oasis of 6750 total sqft..Extensive landscaping includes multiple irrigation zones which encircle this secluded 4 bedroom home that has been lovingly cared for and even upgraded since being built in 2007.

The spacious Downsview custom kitchen boasts a high end Miele Oven, Microwave & Coffee Maker. Thermador gas cook top & warming drawer, Subzero Double refrigerator & freezer drawers. Double doors lead you from the kitchen onto the large deck with wood burning fireplace.The whole house enjoys lighting by the renowned Hubbardton Forge. The Great Room is bathed in natural light through large portrait windows, enhanced by the vaulted ceilings. See additional remarks.

Brazillian Cherry Flooring throughout with stone floor-to-ceiling fireplaces & columns. The Master bedroom and ensuite spa are located on the main level along with an 8x14 morning deck. Enter the large mudroom and laundry room through the garage or second door.The upper level opens up with an excecutive office suite complemented by a bedroom & ensuite, loft area and equisite curved library area. The fully developed heated floor walkout has an amazing glassed wine room, large recreation/ hobby room, family room and 2 bedrooms (one currently being used as a gym). Quad garages with fitted units and industrial grade flooring, leave lots of room for the toys. 2 water co-op certificates come with the home, one for irrigation and the other for general use with reverse osmosis in 3 areas and 2 Air conditioning units. Access is good 6/7 minutes to H/way1A/ Crowchild down Bearspaw Road which as a school bus route is cleared first in winter. Call to arrange your private showing. See supplements for more upgrades

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Posted in Market Updates
Sept. 11, 2019

Benchmark prices in Calgary and area down since 2018

Published Wednesday, September 4, 2019 2:25PM MDT

Last Updated Wednesday, September 4, 2019 5:00PM MDT

Home sales increased in Calgary during the month of August, a new report says, but the numbers mainly came from fewer listings and more sales of homes under a half a million dollars.

The Calgary Real Estate Board's August report, released this week, says sales were up by six per cent over 2018, buoyed by the sales of homes under $500,000.

Officials say those sales were partly driven by what people can afford in the city.

"Employment numbers have been improving, but mostly in industries that are traditionally lower paid," said Ann-Marie Lurie, CREB's chief economist, in a release. "This is contributing to the shift that we are seeing in the housing market, with growth being limited to product priced below $500,000." 

The unadjusted benchmark price for a home in the City of Calgary is $426,000, 2.6 per cent lower than last year.

Prices aren't much higher outside of the city either.

Airdrie's benchmark price came in at $334,600 (1.8 per cent lower), Cochrane's was $408,000 (nearly four per cent lower) and Okotoks, despite seeing a drastic reduction in oversupply, saw benchmark prices over four per cent lower than 2018.

 

Posted in Market Updates
Sept. 1, 2019

Your Road to Mortgage Freedom

 

Your Road to Mortgage Freedom

Do you dream about paying off your mortgage? The new year is usually a time when people review their finances and, if they are in debt, create a plan to reduce that debt. With interest rates rising in Canada, the perennial question resurfaces: Should you pay off your mortgage early? Or invest your money instead? Paying off your mortgage may be the best investment you can make. 

Here are some ways to save some serious money and become mortgage-free faster. It only takes a few small steps and may save you thousands of dollars in the process.

Accelerate your payment frequency

This is a popular strategy. If you’re making monthly payments on a $300,000 mortgage with a 3% interest rate, amortized over 25 years, it will cost you approx. $125,920.44 in interest. By increasing your payment frequency to accelerated bi-weekly payments, you will shave nearly three years off of your amortization schedule, and save approx. $16,058.57 in interest.

Round up your mortgage payment

This is pretty painless. Every dollar counts when it comes to paying off your mortgage. If your accelerated bi-weekly mortgage payments are $543, consider rounding up to $600 instead. The extra $57 can save you thousands of dollars in interest over the term of your mortgage and you’ll barely notice the difference in your monthly budget.

Refinance to a shorter-term amortization

You may be able to refinance into a mortgage for 10, 15 or 20 years. Your payments will be higher on a 15-year amortization, but perhaps not as high as you think. 

Make lump sum payments

Adding just $1,000 extra to your mortgage per year will allow you to pay it off sooner and, combined with accelerated bi-weekly payments, can chip off a substantial amount of the interest as well.

A lower interest rate

It doesn't hurt to work together to see it we can negotiate a better rate. The difference between a 3.49 % and a 4.29 % rate can add up to significant savings in interest over the term of the mortgage. 

It’s easy to forget about your mortgage when you’re making automatic payments. It’s a good idea to keep up-to-date on mortgage options and interest rates, which could potentially save you thousands of dollars. 

The freedom of being completely debt-free is a dream for many Canadians. If you’re unsure of what your next step should be, call me. Together we can review your mortgage, look at your financial picture and devise a mortgage-reduction plan that works for you.

CATHY McMURRICH The Mortgage Group  403-568-8817

 

Posted in Market Updates
Aug. 27, 2019

How We Find Your Calgary Homes Best Selling Price

Statistics show that the best opportunity you have is to sell your home within the first few weeks of putting it on the market. This can be good news, or bad, depending on your motivation. Some homes sell right away, while others sit on the market for months without a single offer.

To maximize your selling opportunity, it is important that your home be priced right. What is the right price? Many factors will determine your home's best asking price. The current real estate market will have a lot to do with it. Using 16+ years experience, we can help you determine the right price range that your home sits in. We arrive at this price range through location, condition, the recent sold data, active comparable competition, and any upgrades or special features that set it apart from the competition.

Some sellers insist, “lets give it a go at this price and see what happens”!. But when a home is priced too high most buyers won’t even bother looking at it. After a month or so of little action, with a price reduction, the seller starts to “Chase” the market, always being priced under where the market says the home should be.. Don’t miss out on the initial hot interest on the home and there is a good chance that if a comparable home down the street is listed lower, you will sell it for them when the buyer compares.

But what if money is left on the table? Price it too low and you could lose thousands of dollars. There are times when you will attract multiple offers, but this is only recommended when you need a faster than normal sale time.

 In most circumstances, pricing your home correctly from the very beginning will  net you the best results in both time and money. To find out your home's best selling price, Contact Us for a no obligation Market Consultation. We will take the guesswork out the entire process and prove with current data an accurate market price for your home.

. Check out our exclusive Buyers website www.4CalgaryBuyers.com

Posted in Market Updates
Aug. 25, 2019

25 Easy Fixes for Your Calgary Home

25  EASY FIX UPS FOR YOUR CALGARY HOME

The condition of your home will have a huge impact on how fast it sells, and its eventual selling price. Preparing your home for sale can pay you huge dividends. Many fix ups cost very little and consist mostly of time and some elbow grease. Here are some simple tips to help your home show its best.

1)     Clean the entire home thoroughly. Shampoo carpets, wash walls, clean sills, window screens and blinds. Clean out light fixtures and dust shelving. Well worth the effort..

2)    Clean the clutter from all closets, cupboards and cabinets. Louise  Hay:"If you haven't used it in two years-throw it".

3)    Make your rooms look as spacious as possible. Store unnecessary furnishing items that make your home look crowded. 

4)    Don't stop the flow of the home! Arrange furnishing so that it is easy to walk through your home.

5)     Scale down the number of photos, pictures, portraits and posters hanging on walls. Make sure you patch all nail and screw holes.

6)    Keep your curtains and draperies open as a rule. You will want your home to show very light and bright. Find ways to screen any unappealing views.

7)    Make your kitchen shine. Remove clutter from counter tops and cabinets and store it. Keep your sink clean and clear of any dirty dishes.

8)   Clean your refrigerator, inside and out. Make sure that you do the simple things like putting an open box of baking soda in your fridge. Also, remove magnets and any unnecessary clutter from the door.

9)    Clean your oven. IMPORTANT Some ovens are self-cleaning but de-grease it and keep it looking as good as possible.

11Keep scented candles burning in the kitchen and bathrooms. Pleasant fragrances will entice buyers to stay longer in your home. Not too many though!

11 Keep bathrooms scrubbed and tidy with fresh soap and neatly hung towels. Remove personal hygiene things and try to color coordinate your bathrooms.

12Keep all sinks in the home clean and repair leaks and unclog slow drains.

13Go through your entire home and touch up paint. Pay close attention to corners where there is traffic wear. Touch up baseboards, trim and cabinets and cupboards.

14Place plants or flower arrangements in strategic parts of the home. A splash of color from plants, flowers, pillows or small rugs can give your home some real flair.

15Make sure that your home is well lit. Put higher wattage bulbs in dark areas or corners. Keep all lights on during showings, even in the middle of the day.

16 Use mirrors on walls if necessary to reflect light and make rooms look larger.

17Make sure that all door knobs and keyed entries are working. Replace any worn knobs or handles.

18 Clean up all around the house. Remove any debris piles such as wood, firewood and landscape trimmings. Trim all hedges, bushes and shrubbery away from the house. Keep all garden beds weeded and mulched.

19 Put some color by your home's entrance with potted flowers. Keep them watered and looking attractive.

20 Keep all walkways clear, clean and in good repair. This includes your driveways and any parking areas.

21Keep all outdoor furniture clean and in good repair.

22Clean your gutters and roof. Keep moss or algae from growing on, in or around them.

23Keep your yard and lawn areas clean and in good health. A green lawn makes a home look great. Keep your lawn edged and weed wacked it and keep it free from weeds.

24 Repair any broken windows, fly screens, shutters or awnings.

25Clean your garage area. Remove clutter and make it look organized and as spacious as possible. Try to have nothing in your garage but cars.

By following these 25 fix up tips, you can do a lot to increase the perceived value of your home and make it stand out above the competition!

Call or Text for your marketing Consultation 

Stu: 403.850.0669

 

 

#easyfixups #yycdiytips

 

Posted in Market Updates
Aug. 19, 2019

To Be A White Kitchen Or Not To Be - That Is The Question

Should you go for a white kitchen?

Looking through the various interior design magazines, you might have noticed that white kitchens are quite popular these days. If you’re planning on a carrying out a kitchen remodel soon, here are a few things that you need to know. 

White kitchens are the timeless classic, a bit like white subway tiles!  Not only does white work well for kitchens, it has a very unique uplifting glow. White can make your kitchen look radiant and clean. 

Another benefit of white for your kitchen is that it is a colour that will go well with a lot of other colours and not create colour-clashes.  White will bring to life the cabinet hardware, light fixtures and granite, etc. White also leads to more light in your kitchen and makes the space look bigger.

From a resale point of view you can't go wrong with White. Neutral colours and themes are what works with prospective buyers, and white is as neutral as it gets. White will always enhance your kitchen’s visual appeal.

Ofcourse the colours of a kitchen are secondary to design and quality. Add to that a smart design and high-quality materials and products and you have a winner.

White is indeed a great colour for a kitchen, but that doesn’t mean it is the only colour. A good interior designer can show the various colour themes and combinations that can work well for your kitchen. Benjamin Moore Calgary have a great range of fabulous colors.

 

Posted in Market Updates
Aug. 15, 2019

CALGARY MARKET WATCH - DETACHED

Stats are calculated comparing July 2019 to July 2018 

 

graph

Courtesy of Bonny Dann - Real Estate Professionals Inc

4calgary buyers

Posted in Market Updates
Aug. 14, 2019

All Calgary Detached New Listings in Past 7 Days

CHECK OUT ALL THE LATEST DETACHED LISTINGS IN THE PAST 7 DAYS

Posted in Market Updates
Aug. 8, 2019

August 2019 Newsletter

Check out our August newsletter!

 

Posted in Market Updates