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Calgary Home Boys Real Estate Blog

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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It’s hard to believe it’s that time of year again, but here we are! Like last year, World Financial Group and the Calgary Home Boys will once again be sponsoring the Children’s Wish Poker Tournament, which allows all you poker nuts out there to compete for the $15,000 prize pool, and the first place price of $10,000!

This year, we’re thrilled to announce that Calgary Stampeders’ Defensive Coordinator DeVone Claybrooks will be the Celebrity Ambassador, and of course there will also be another silent auction taking place during the tournament as well, which will include all kinds of fabulous items up for bid like a dinner prepared by celebrity Chef Craig D’Cruze.

The tournament will take place on Wednesday March 28th at Grey Eagle Resort and Casino,

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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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Every year, once November hits, I hear from future home owners that they are waiting until the spring to buy. I can see how waiting till the spring might seem like a good idea. After all that's when everyone else is buying so it must be the best time right? I'm here to tell you why that's not the case and in-fact quite the opposite!! Here are just a few reasons why you should be buying in the winter months.

More Sellers then Buyers which means a Buyers Market

Between the months of November until about mid to late February, the housing market tends to cool off when buyers are more concerned with winter activities like Christmas and New Years. There's parties galore and cold weather that have buying a home far from most peoples minds.

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When it comes to new construction, there are a number of condo buildings in the Calgary area worth considering right now. Here's a closer look at just a few:

The River

The luxury units inside The River provide an upscale lifestyle in the Mission District. With views overlooking the river, the waterfront development offers sophisticated condos and townhouses complete with a green roof, a health club, 24-hour security and upscale finishes throughout the homes.

The Concord

Also along the riverfront, The Concord delivers elegantly designed private residences, estate homes, suites and villas. This exceptional new development consists of dual buildings in the Eau Claire District, complete with a swimming pool, water garden, fitness and even a winter

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New Construction Townhouses CalgaryWith the enjoyment of a convenient address, yet remaining close to some of the most enviable natural attractions in the region, it’s easy to see what makes two new condo and townhouse developments in Calgary so attractive to buyers.

Mosaic Riverstone

Mosaic Riverstone provides luxurious options in townhouse living in Calgary. The new development is close to the Bow River Valley and Fish Creek Park, with expansive floor plans ranging from around 1,400 to upwards of 1,600 square feet of living space.

The single-level townhouses also include attached garages and a number of high-end finishes. Found in Cranston’s Riverstone, the property includes a total of just 64 units.

Fish Creek Exchange

Meanwhile, the residences of Fish Creek Exchange also

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North West Calgary Real EstateWith a range of single-family home options, two luxury communities on Calgary’s northwest side should certainly rise to the top of the list for potential homebuyers.

The Summit of Rock Lake Estates

The first is The Summit of Rock Lake Estates. With spacious homes from a select number of builders, the new homes range in size from around 1,800 square feet to upwards of 3,500 square feet of living space. 

Priced generally starting from the $900,000s, the new construction community provides room for 65 properties on the city’s northwest side.

 Watermark at Bearspaw

In comparison, the third phase of Watermark at Bearspaw is underway, with home sales of the community’s remaining lots. Built up around ponds and streams, the community additionally

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Cranston New Construction Homes For SaleJust steps away from trails and the beauty of Fish Creek Park, three new Calgary communities are under development right now in the unique and rapidly-growing Cranston neighbourhood. Here's a look at each: 

Retreat in Cranston’s Riverstone 

One of these is Retreat in Cranston’s Riverstone. Surrounded by the natural beauty of the Bow River Valley, the community offers the convenience of a maintenance-free, townhouse lifestyle. The two- and three- bedroom designs include attached garages, starting at around 740 square feet of living space.

Origins at Cranston

Meanwhile, Origins at Cranston delights prospective new homebuyers with a selection of two- and three-bedroom condos. The residences range from around 900 to upwards of 1,200 square feet in

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