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Tuesday, October 26, 2010

Calgary Houses Jump 7%

 
Seems like every day there is new conflicting information out there:
 
 
I have no idea how they conclude that  short term year-over-year price growth expectations for the Calgary housing market are in the five to seven per cent range.
 
I dont think will happen as I dont see how the economic enviroment we are in would support this.
 
Any thoughts?
 

Best Regards,

 

Denis Hrstic

CIR Realty

#103, 11012 Macleod Trail South, Calgary, AB, T2J 6A5
Phone: 403-271-0600, Fax: 1-800-409-2924

Cell: 403-852-6583, Email: denis@MyHomeAgent.ca

www.MyHomeAgent.ca

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Sunday, October 24, 2010

I have sold a property at 115 CASTLEGLEN CRES NE in CALGARY

Property Photo: 115 CASTLEGLEN CRES NE in CALGARY
I have sold a property at 115 CASTLEGLEN CRES NE in CALGARY.
$20,000 PRICE DECREASE! GREAT CASTLERIDGE DEAL! PRICED FOR QUICK SALE. 3 Bedrooms and 1.5 baths. GIANT Master Bedroom fits your King Bed and all your furniture. Family Room has a beauty fireplace and tons of room to host company. HUGE backyard with and amazing deck, and a HUGE open area and great landscaping. Tons of parking on the RV PAD out front plus the street. Partially Developed Basement.
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Thursday, October 14, 2010

I have sold a property at 2011 PINEPOINT RD NE in CALGARY

Property Photo: 2011 PINEPOINT RD NE in CALGARY
I have sold a property at 2011 PINEPOINT RD NE in CALGARY.
Fantastic BI-LEVEL in Pineridge. Spacious 1100 SqFt Main Floor and main floor feels HUGE. House has open floor plan with new laminate and paint on main. Kitchen has newer appliances. All bedrooms are on the main floor. Garage and backyard are great for shop/mechanics. This house is a great deal. At today's posted 5 year closed (BMO Sep 14 2010) your monthly mortgage payment with 5% down would be less than $1250 PI. BUY this house and spend less then your current rent. Call Today to see this beauty. SELLER FINANCING AVAILABLE with purchase price of $320,000.
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Friday, October 8, 2010

Maybe $25 Million Could Help

 
Tell me again why we are building a 'peace' bridge for $25 million when we cant clean our snow?
 
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Wednesday, October 6, 2010

Town and acreage MLS sales fall

 
 
Rural Sales plummet
 
 

Best Regards,

 

Denis Hrstic

CIR Realty

#103, 11012 Macleod Trail South, Calgary, AB, T2J 6A5
Phone: 403-271-0600, Fax: 1-800-409-2924

Cell: 403-852-6583, Email: dhrstic@cirrealty.ca

www.MyHomeAgent.ca

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Tuesday, October 5, 2010

$790 million deal reached for Calgary development company

 
Large Calgary Development Company Sold
 
 

Best Regards,

 

Denis Hrstic

CIR Realty

#103, 11012 Macleod Trail South, Calgary, AB, T2J 6A5
Phone: 403-271-0600, Fax: 1-800-409-2924

Cell: 403-852-6583, Email: dhrstic@cirrealty.ca

www.MyHomeAgent.ca

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Monday, October 4, 2010

MLS sales in Calgary rebound in September

MLS sales in Calgary rebound in September (Local) - Although MLS sales on a year-over-year basis were down in September for the fifth consecutive month, there are signs some buyers are no longer sitting on the sidelines. ( Calgary Herald)
 

Best Regards,

 

Denis Hrstic

CIR Realty

#103, 11012 Macleod Trail South, Calgary, AB, T2J 6A5
Phone: 403-271-0600, Fax: 1-800-409-2924

Cell: 403-852-6583, Email: dhrstic@cirrealty.ca

www.MyHomeAgent.ca

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Saturday, October 2, 2010

I have sold a property at 294 CEDARWOOD PK SW in CALGARY

Property Photo: 294 CEDARWOOD PK SW in CALGARY
I have sold a property at 294 CEDARWOOD PK SW in CALGARY.
LOW DOWN NO BANK QUALIFYING - $16,000.00 SELLER FINANCING on this fantastic home in Cedarbrae. Welcome to your beautiful end-unit Townhome that is perfect for your family. Located in a super quiet location close to schools, shops and Fish Creek and other parks. This condo has it all ! Features include hardwood floors throughout the main floor, gas fireplace, gas stove, oak cabinetry, pot drawers, pantry and garburator. Other extras include dual closets in master, jetted soaker tub, built in vacu-flow system, spacious loft, and oak railings, caps and trim throughout. Sunny south deck to warm up your days. Completely finished basement with giant game room and lots of storage. Condo board takes care of landscaping. Two Parking stalls available for rent at $25.00 each per month. Banks saying NO? Our seller says YES. CALL TODAY before this one is gone. Seller offering $700.00 towards new appliances
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Friday, October 1, 2010

New property listed in Castleridge, Calgary

Property Photo: 115 CASTLEGLEN CRES NE in CALGARY
I have listed a new property at 115 CASTLEGLEN CRES NE in CALGARY.
What a deal in Castleridge! 3 Bedrooms and 1.5 baths. Livingroom has a nice fireplace. Fully Developed Basement. HUGE backyard with tons of parking on the pad out front and the street. Needs a little TLC as some renos are completed but some are not yet completed.
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Friday, October 1, 2010

Buyers’ Market Continues in Calgary

Buyers’ Market Continues in Calgary ( FROM CREB)

 

Home sales in the city of Calgary increase month-over-month in September 2010

 

Calgary, October 1, 2010 – Home sales in the city of Calgary were up month-over-month in September 2010, the first uptick in sales since April 2010.  Year-over-year sales continued to trend lower in the month of September, but at a pace slower than previous months, according to figures released today by the Calgary Real Estate Board (CREB®).  

 

The number of single family home sales in the month of September 2010 grew by 10 per cent at 958, compared with August 2010, when sales were 867.  The number of condominium sales for the month of September 2010 was 366. This was an increase of 1 per cent from the 364 condominium transactions recorded in August 2010.

 

Year-over-year, the number of single family homes sold in September 2010 in the city of Calgary were down 24 per cent.  In September 2009, single family home sales totalled 1,257. Condominium sales saw a decrease of 37 per cent from the same time a year ago.  In September 2009, condominium sales were 580.

 

“There are signs that September may mark a gradual, if not slight, uptick for Calgary’s housing market—we are seeing a modest improvement since the market’s decline, that really started in April of this year,” says Diane Scott, president of CREB®.

 

“The Bank of Canada is in no hurry to raise interest rates to any significant level, and affordability continues to improve in key segments of the Calgary housing market. These factors, along with great selection, have clearly tipped this market in favour of the buyer,” says Scott.

 

“There are some great opportunities out there for buyers, particularly in the condo market. Currently, the highest volume price segment for condos is in the $200,000 to $300,000 range.  We have not seen this kind of affordability in Calgary’s condo market in many years,” adds Scott.

 

The average price of a single family home in the city of Calgary in September 2010 was $460,278, showing a 3 per cent increase from August 2010, when the average price was $445,617, and no significant change from September 2009, when the average price was $459,085. The average price of a condominium in the city of Calgary in September 2010 was $284,028, showing a 1 per cent decrease from August 2010, when the average price was $286,384 and a 2 per cent decrease over last year, when the average price was $290,253. Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas.

 

The median price of a single family home in the city of Calgary for September 2010 was $390,000, showing a 1 per cent decrease from August 2010 when the median price was 395,000. This was a 2 per cent decrease from September 2009, when the median price was $399,900. The median price of a condominium in September 2010 was $265,000, showing a 2 per cent increase from August 2010, when the median price was $260,000, and no change from September 2009, when it was the same – $265,000.

 

All city of Calgary MLS® statistics include properties listed and sold only within Calgary’s city limits. The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price.

 

“Clearly there is a shift in the types of buyers entering the market. It was first-time home buyers who drove the late market recovery last fall and this spring.  While lower priced home sales have declined, home sales over $1 million have actually increased by 2% this year, as compared to the same period last year,” says Scott.

 

Single family listings in the city of Calgary added for the month of September 2010 totalled 2,252, an increase of 15 per cent from August 2010 when 1,960 new listings were added, and showing an increase of 21 per cent from September 2009, when 1,857 new listings came to the market.

 

 
Condominium new listings in the city of Calgary added for September 2010 were 921, up 14 per cent from August 2010, when the MLS® saw 808 condo listings coming to the market. This is a decrease of 2 per cent from September 2009, when new condominium listings added were 940.

 

“Unlike the volume of foreclosures we have seen south of the border, Canada’s market has seen only a small increase in arrears and foreclosures.  Nonetheless this increase likely had a modest impact on our current inventory—we expect this to have a small influence on price and supply as they work through the market this fall,” noted Scott.

 

“While consumer confidence and job growth has improved, economic jitters will continue to impact Calgary’s housing marketing into the fall. More and more homebuyers will eventually return to the marketplace, but for the moment they remain moderately cautious.  Fall sales should improve slightly, reflecting improved job creation—but in-migration will be needed to fuel a sustained recovery in Calgary’s housing market,” says Scott.
 

Best Regards,

 

Denis Hrstic

CIR Realty

#103, 11012 Macleod Trail South, Calgary, AB, T2J 6A5
Phone: 403-271-0600, Fax: 1-800-409-2924

Cell: 403-852-6583, Email: dhrstic@cirrealty.ca

www.MyHomeAgent.ca

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