August Market Update 2021

Dated: August 27 2021

Views: 56

<!doctype html>

August Market Snapshot

Total Sales 528 ↑ 53.94%
New Listings 820 ↑ 15.82%
Active Listings 6,680 ↓ -1.52%
Average Price 491,530 ↑ 7.76%
Days on Market 40 ↓ -27.27%
Price growth slows as supply to demand balance improves
July sales totaled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in inventory levels, and while overall supply remains slightly higher than last July, it’s mostly due to gains in apartment and row product.

With 6,678 units in inventory in July, the months of supply rose to just under three months. These gains are leading to far more balance between sellers and buyers. However, there is a significant variation between product type, as the months of supply ranged from two months in the detached sector to nearly six months in the apartment condominium sector.

“Over the past several months, we have seen housing market conditions trend toward more balanced conditions,” said CREB® Chief Economist Ann-Marie Lurie. “This eased some of the upward pressure on prices, as prices are starting to stabilize following steep gains that occurred in the first half of the year.”

Benchmark prices in the city reached $460,100, slightly higher than last month and nearly 10 per cent higher than last July. Price growth has been the highest in the detached sector, which currently sits 11 per cent above last year’s price and has finally recovered from previous highs in 2014
Wow! 8 Days until our 300 km Bike Ride over three days - all for Habitat for Humanity!
Ride Through The Rockies is a small Calgary event that challenges 30 cyclists to work up a sweat in support of Habitat for Humanity Southern Alberta. I am looking forward to seeing what I can do physically, and how I can support Habitat through my fundraising - and awareness!

A safe and stable home is needed now, more than ever. Looking forward to helping local families, and strengthening Albertan communities through affordable home ownership.

Please consider a donation by clicking this link, or join VIRTUALLY, doing your own ride on Saturday, Aug 21.

Municipal Historic Resource program helps homeowners preserve Calgary’s built heritage

Known for its can-do attitude, vibrancy and love of growth, Calgary is a city that’s quick to embraces the latest thing. For the most part, that mindset has translated into new housing and development, but heritage conservation advocates are seeing growing support for a more balanced approach.

“We really need to cherish what we have in this city. There is just something about old buildings – they give us a sense of place,” said Lindae Stokes, director of advocacy at the Calgary Heritage Initiative Society. “That’s why people are drawn to inner-city neighbourhoods: the quirkiness, the history, the architecture, the fact that they are not cookie cutter.”

Click here to read more
Coming Soon!  43 Coach Gate Way, SW.
Amazing value for this jaw dropping walk-out bungalow, situated on an extensively landscaped, massive 1100SqM south backing lot w/ sweeping downtown & city views. Over 5000SqFt on 2 levels, 6 total bedrooms & 4.5 bathrooms including a fully self contained guest suite w/ direct access to the oversized triple car garage. The recent upscale renovation spared no expense resulting in a stunning home that anyone would be proud to call their own. The main living area is wide open w/ vaulted ceilings & natural light pours through the huge south facing windows.

The chef inspired kitchen has a sleek modern feel & is loaded w/ high end finishes. The well appointed Master Suite has direct balcony access & a stunning spa like ensuite. The lower level offers a huge recreation space ideal for relaxing w/ family & friends. The unique outdoor living space is a perfect extension of this home & sure to get plenty of use. Private & heavily treed yard w/ a large pad for RV parking!  Coach Manor Estates is an upscale community filled with many classic estate homes on oversized lots that are meticulously maintained with an abundance of mature tree development throughout. A great location just 15 minutes to DT, across from Edworthy Park, near C.O.P & Westside Rec Centre. Great restaurants and shopping near by and the surrounding area is home to many of Alberta's top rated public & private schools! This is an amazing home in a fantastic location! Call to book your private viewing today. Please Share with others who could be interested!

Calgary’s new downtown plan seeks to benefit current residents, and attract new ones

You can always go downtown. At least that’s what the song says.

Much has been written about the current woes of Calgary’s Downtown Commercial Core. Office vacancies are approaching 30 per cent and many businesses and commuters are conspicuous in their absence from the area.

However, there are a significant number of Calgarians who have no intention of going anywhere, even after the workaday crowd goes home.

In fact, with around 8,500 Calgarians who call the Downtown Commercial Core home, the area has an established population and a host of amenities.

Click here to read more
Off Market Property!
2001 56 Avenue SW Calgary
A rare 75 * 122 feet corner duplex in the beautiful community of North Glenmore. It is literally steps away from the Glenmore Reservoir and Athletic Park. The property boasts 2 double detached garages and an updated side. The property is also zoned RC-1, but has future rezoning opportunity. 
Request Information
A Listing Update
1919 Bay Shore Road 
A bi-level home in Bayview with 5 bedrooms and 2.5 bathroom
Just across from South Health Campus and lake privileges included!
Conditionally Sold in less than one week on MLS!
Blog author image

Bryon Howard

From a very young age, I had determined that I wanted to be in the eco-tourism / adventure business. I would take small groups of people into communities in interesting parts of the world. I would ass....

Latest Blog Posts

Last nights bicycle ride – The Wednesday Night Jam

I look forward to the Wednesday Night Jam, a ‘unofficial bicycle’ race – which consists of many guys in Cat 1/2, and lots of guys with good fitness from Cat 3 to 5. I begin

Read More

The Upside of Downsizing (For Young Families Too!)

The decision to downsize to a new living arrangement may be one of the best decisions you ever make. The advantages are numerous and you do not have to wait for years to reap the benefits. As a

Read More

Buying the Home You Want

The home buying process can be very exciting…choosing the neighbourhood you want to live in, scouring through listings and checking out weekend open houses to find the home of your dreams. I

Read More

The Anatomy of an Agreement to Buy or Sell

When buying or selling a home, one of the most important documents you will have is the Agreement of Purchase and Sale, also commonly referred to as the “Offer”. This legally binding

Read More