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February 2018

Found 7 blog entries for February 2018.

New Construction Homes CalgaryAs we head into spring and leave winter behind, there are several new construction communities you’ll want to consider in the Calgary area.

Aspen Woods Estates

Close to shopping, parks and great schools, Aspen Woods Estates is a family-friendly community that’s also convenient to downtown. The area additionally benefits from new construction designs, with all of the latest features to attract new buyers to the Calgary area.

West Springs

More fantastic choices exist within West Springs. The new community is also close to shopping and transportation, with desirable options in outdoor recreation easily within reach living in West Springs.

Redstone

Finally, the community of Redstone offers spacious, new construction designs in one of

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If money is no object, some homes in West Calgary may fit the bill. If you’re wondering where to find some of the area’s most expensive homes on the market, you’ll want to check out some of these locations:

Aspen Woods Estates

With quiet streets and plenty of green space, the community of Aspen Woods Estates presents an ideal location to call home. In addition, Aspen Woods is known for its rich selection of homes, some of which easily top $1 million dollars. 

Springbank Hill

Close to Aspen Woods, the community of Springbank Hill also offers a superb number of multi-million dollar homes. Many of the estates in this exclusive area are not only accented by upscale features and finishes, but also a large amount of square footage and some fantastic

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Calgary Bungalows If you’re in the market for a cozy Calgary bungalow, we’ve discovered three great area locations to begin your search. Not only do they have the home style you desire, but also the convenience of being close to what you need and want in the city.

Briar Hill

With the enjoyment of both mountain and downtown views, Briar Hill presents an ideal location to call home. The community is also filled with some great bungalow-style homes, offering up just the right amount of space for your needs.

Tuxedo Park

Another great place you won’t want to miss is Tuxedo Park. The established community is desired for its location and its home designs, with quiet streets just a few minutes away from everything in the Calgary area.

Fairview

With many

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Luxury Home Sales Calgary According to recently revealed stats, 677 homes sold for more than $1 million in Calgary last year, which represents an 11% jump from 2016’s luxury home figures.

But even as nearly 700 homes traded for over that million dollar threshold, home sales of over $2 million, along with luxury condos for sale in Calgary, seem to have been on the decline over the last 12+ months.

With the Calgary real estate market fairly saturated with available condos right now, it’s hardly surprising to see that only 12 units sold for over $1 million in 2017. Furthermore, just 54 homes with a price tag falling between $2 million and $4 million were sold last year, which is roughly half the number of homes sold in that same price range back in 2016. 

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Attached Home Sales Calgary Overall, 2017 was a pretty strong year for attached properties in Calgary, which is comprised of both semi-detached-style properties and row homes. Total sales volume for attached homes for sale in Calgary spiked 8.2% last year, reaching a total of 4,182 units.

When divided up, sales growth was also strong for each individual category, as semi-detached sales jumped 6% to 1,823 units, and row home sales saw even bigger gains, settling at a 10% increase year-over-year with 2,359 units sold. 

Attached homes can be a great alternative for young and first time home buyers looking for a more affordable option, and attached sales accounted for 22% of all residential sales in 2017.

Benchmark prices for attached homes in Calgary averaged $299,567 in 2017,

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Detached Single-Family Homes in Calgary If there’s been one segment of the market that has remained relatively stable throughout the recession, most would probably say it’s been detached single-family homes. In fact, detached homes have mostly seen fewer price drops in recent years compared to other property-types, and according to recently released stats from CREB, 11,831 detached units were sold in 2017, which represents a 5.6% increase compared to 2016. 

Even with last year’s strong growth, however, that’s still roughly 9% lower than long-term trends. 

Also noted in CREB’s 2018 Economic and Housing Outlook report, much of that growth occurred over the first half of last year and sales started to slow by the beginning of the third quarter. Sales in the fourth quarter did pick back up,

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Calgary Housing Market OutlookThe Calgary housing market continued to stabilize in 2017, according to CREB’s annual Economic and Housing Outlook. After two consecutive years of slower movement, consumer confidence seemed to encourage more activity in 2017, especially over the first half of the year.

But as home sales ticked up during the first six months of 2016 and market conditions continued to improve, more home owners began listing their homes, resulting in home prices staying relatively comparable to 2016. 

Moving into 2018, improving economic conditions are expected to support even stronger growth for the Calgary housing market, as CREB is projecting citywide sales to reach 18,853 units. Prices, however, are likely to remain close to 2017 levels thanks to increasing

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