Calgary Dream Homes Real Estate News Blog

 

July 19, 2019

4 Jobs To Make The Outside of Your Home Nice.

Curb appeal is more than just what your home looks like from the outside. It incorporates the whole vision from the outside, the landscaping, exterior color and driveway. Here are 4 projects that can give your home a little panazz!.

Landscaping

Neat and tidy landscaping can be as easy as mowing your lawn and watering and feeding it on a regular basis. Smarten your bushes with a bit of pruning, and plant a few nice bright flowers.

Touch-Ups

As your home ages it will start to look worn! Bit like ourselves lol. But its always a good idea to touch up the paint and stucco if you have it. The frame around the garage door can always look run down and is worth a lick of paint. If you have siding it can warp, but most times it is an easy fix.

On the first nice day grab some sandpaper and smooth over peeling paint and paint chips. Once this is accomplished, apply primer and paint for a brand spanking-new exterior.

Roofs and Gutters

Your gutters are easy to overlook or even ignore entirely. This may be a problem,  awesome curb appeal is attained through meticulous attention to just these types of details.

Check no water is getting into your home. It might be worth your time (and money) to have a roofing expert take a look and give you some advice. Remember he is probably better on a ladder than you! But maybe there are small improvements you can make yourself.

Fencing

A fence does more than just protect your lawn from the neighbor's dog's leavings. It impacts your home's curb appeal as much as your landscaping or exterior color scheme.

Unless you plan to replace or remove your entire fence, doing some simple stuff, like adding a fresh coat of paint, power wash it or use some of the Windex outside cleaner and hose off the dirst and grime. This can give you significant results in a relatively short time.

Finally, it is always good to take a moment and look at your home from the opposite curb. That's right, actually go outside and try to see it with the critical eye of a potential homebuyer. Your neighbors may wonder what your doing and call the cops, but take your time; put a critical eye over everything. This will open your eyes to the obvious places to start your home improvements. A little time, effort and a small; amount of money can save you issues in the long run.

Then Chill! 

 

 

Posted in Market Updates
July 11, 2019

5 Things To Consider When Buying A Calgary Condo

Condo living is for the buyer on a limited budget or just wants to be in the centre of everything. There are many common misconceptions about owning a condo such as big condo fees and rules that determine what you can or can’t do. Condos are sometimes overlooked by potential buyers who would probably love to live in one.  There are many benefits and conveniences that come along with living in a condo instead of a house.

 Here is why they are worth considering:   


1.  Value for Money
If you are looking to buy a home but with a limited budget, consider a condo. Typically they are much less expensive than a single family home.  In today’s market it is a great time to buy a condo, with sellers more realistic on their pricing.
 

2.  All the Size You Need
Condos provide you with enough space to feel comfortable, yet aren't too big that cleaning and maintenance become overwhelming.  This makes them perfect for a small family, people living alone, couples and senior citizens downsizing. 

3.  Want Access to A Gym?  Get a condo
Most of the bigger unit condos have gyms as part of their shared amenities and included in your condo fee.   They can also include assigned storage and your own (sometimes titled) underground heated parking stall.


4.  No More Yard Work or Snow Removal!
Caring for yards can be very time consuming and expensive if you get a landscape company to do it. So no more raking or blowing leaves in the fall, shoveling snow all winter, paying for snow removal services, and mowing the grass in the spring and summer.  Buying a condo means you get the luxury of not having to care for a yard, as condo fees cover common area landscaping.  

5.   The Benefit of Fees
Let’s look at the benefits of your condo fee which are covering the costs of many services, such as amenities, landscaping (mowing, trimming, planting, etc.), snow removal, and often sewer and water fees. Instead of paying multiple bills for all of those services in your apartment, you just make one payment. (This does not include your annual property tax)  Maintenance on the roof and the exterior of the building are usually covered in your fees. (Townhouses usually get billed for individual electricity)

 We can advise you on the different costs you will incur when you are deciding which to buy.  You would be advised to have a document inspection as part of your condition period, and we can suggest Document review companies that give a great service.

Remember: When buying a condo our aim is to be fully informed with no suprises. 

Contact us today with your thoughts and any questions. Text / Call 403.850.0669 or info@calgarydreamhomes.com

Posted in Market Updates
June 22, 2019

5 Things To Do Before You Go On Vacation

1)    Cut the grass as near to going away as possible. Set the mower on a really low cut, so it doesn’t grow too much whilst you are away. If you can get a family member or neighbor to cut it while you are away, great. Keeping your grass cut whilst you are away scares away potential intruders who think you are still home!

garden

2)    Cancel the mail or have it held until you get back. It will keep things neat and tidy till you get back. Newspapers especially are a dead giveaway that you are away, so don’t let them build up.

3)    A motion detector light or outside lights on a timer are always a good thing to set before you go. It also enables neighbors to see anyone who comes close to your property.

4)    Set your water heater to “vacation mode” if possible.  Some people also have an App on their cell with a security link whilst away, another easy fix that gives you peace of mind.

5)    The main thing is to inform your neighbor of the days you will be away (remember one day you can return the favour) maybe give them your cell or a family members number just in case.

Your vacation is all about relaxing, and with your home safe, this is exactly what you can do....just chill

#vacations

Posted in Market Updates
June 6, 2019

Sales activity improves for second consecutive month

City of Calgary, June 3, 2019 – Sales growth in May was met with a decline in new listings. This combination eased the pressure on inventory levels, which finished the month at 7,467 units, a decline of 12 per cent compared to last year.

Improving sales relative to inventory levels caused the months of supply to ease to just under four months. While still oversupplied, this is an improvement from the five months of supply recorded last May.

Citywide sales in May totalled 1,921 units, 11 per cent higher than last year’s levels. However, sales remain 10 per cent below longer-term trends. This sales growth was primarily driven by homes priced under $500,000.

“While sales activity remains low based on historical activity for May, the easing prices have brought some people back to market, while also preventing some others from listing their homes,” said CREB® chief economist Ann-Marie Lurie.

“This has started to push the market towards more balanced conditions. If this trend continues, it could limit some of the downward pressure on prices.”

Citywide benchmark prices totalled $423,100 in May. Prices have shown some signs of improvement month-over-month but remain four per cent lower than 2018 levels.

HOUSING MARKET FACTS

Detached

Detached sales in May totalled 1,182 units. This is a 12 per cent increase over last year, but still 13 per cent below long-term averages. The improvement in sales was driven primarily by gains in homes priced under $500,000.

Sales activity increased across most districts in May. However, year-to-dates sales have only increased in the East, South and North East districts of the city. Citywide sales remain one per cent lower than last year’s levels.

New listings in May pulled back significantly from previous year’s levels. Combined with an improvement in sales, this resulted in inventories declining from 4,504 units last May to 3,921 units this month. This is the first time since May 2017 that year-over-year inventories declined.

Easing inventory and improving sales caused months of supply to ease to 3.3 months. This is still elevated compared to historical levels, but represents an improvement compared to levels from the past year.

Prices have remained relatively stable over the past few months, with some modest monthly improvements. However, the oversupply scenario has left prices four per cent lower than last year and seven per cent lower than 2014 highs.

Apartment

The improvement in monthly sales was not enough to offset previous declines. Year-to-date apartment sales sit at 1,030 units. This is seven per cent lower than last year and 28 per cent lower than longer-term averages. Easing sales were met with fewer new listings, reducing the market inventory. This pushed months of supply to just over five months.

If the reduction in oversupply continues, it will eventually help limit price declines. However, this market remains oversupplied and prices continue to edge down.

May benchmark prices totalled $246,900, 0.6 per cent lower than last month and nearly three per cent lower than last year’s levels. This is resulting in a total price adjustment of over 17 per cent since 2014.

Attached

Attached sales activity continue to improve in May. Year-to-date sales improved by two per cent, making this the only sector to record a year-to-date improvement. Improvements occurred throughout most districts of the city, apart from the City Centre, North West and West districts.

New listings have also pulled back relative to sales. This is causing inventories to ease compared to last year and months of supply to trend down.

Benchmark prices remain five per cent lower than last year’s levels but have seen some modest gains on a month-to-month basis. Despite some signs of improvement, prices remain 10 per cent lower than 2014 highs.

REGIONAL MARKET FACTS

Airdrie

May sales activity remained similar to last year, pushing year-to-date sales to 514 units. This is slightly higher than last year’s levels. At the same time, there has been a sharp pullback in new listings coming onto the market. This is causing inventories to decline and the market to move towards more balanced conditions.

Despite some oversupply reduction, prices struggled to improve following declines last year. The May benchmark price in Airdrie was $331,900, similar to last month, but nearly four per cent below last year’s levels.

Cochrane

Year-to-date sales in the area remain slightly slower than last year, but higher than activity recorded throughout the recession. The number of new listings is continuing to ease, which is starting to reduce inventories from the highs recorded last year.

Supply is starting to adjust in this market, but conditions continue to favour the buyer, which is weighing on prices. May benchmark prices totalled $404,700, just below last month and over four per cent less than last year’s levels.

Okotoks

Year-to-date sales of 208 units are similar to last year’s levels, but lower than long-term averages for the area. Like many other areas, new listings continue to ease, enough to chip away at inventory levels. This has caused months of supply to fall below four months.

The reduction in the amount of supply compared to sales is helping limit any further downward pressure on prices. Overall benchmark prices of $408,200 remain five per cent lower than levels recorded last year.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

Posted in Market Updates
May 18, 2019

Calgary Market Starts to Pick up

Calgary Dream Homes Blog

Posted in Market Updates
July 31, 2017

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Posted in Market Updates