Just Sold – 84 Coach Manor Rise SW

August 5th, 2020

Just Sold – 84 Coach Manor Rise SW

Coach Hill | MLS C4300909

Offered at $409,900

Just sold this lovely three bedroom home with walkout lower level in the desirable family community of Coach Hill! This gorgeous home within walking distance to parks, restaurants, transit, and all the community has to offer is called home by new owners!

Thanks to my seller client, S, for giving me a call and making your sale as smooth as possible in these bizarre times. I will be with you all the way through to possession day to help out with the next steps, as well!

While this property is sold, there are plenty of other great ones to view! If you are thinking of buying or selling, don’t hesitate to get in touch!

 

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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The August Market Update.

August 4th, 2020
Detached and semi-detached home sales rise, but economic uncertainty remains

City of Calgary, August 4, 2020 –

With higher sales for both detached and semi-detached product, July sales totals rose above last year’s levels. Despite the improvements in July, year-to-date sales remain 15 per cent lower than last year’s levels.

“There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic levels,” said CREB® chief economist Ann-Marie Lurie.

“We are still facing record high unemployment rates, significant government aid, and uncertainty throughout the business community. This will continue in the coming months.”

COVID-19 shutdowns occurred over the traditionally busiest quarter for real estate sales. Some of the recent gains reflect activity that would have occurred in those months shifting into July. Some demand is returning to the market, but so is the supply.

Inventory levels trended up over the previous month, offsetting some of the sales growth.  Higher-density row and apartment products have supply/demand ratios that are well above traditional levels.

Higher-than-typical levels of supply relative to sales for higher-density product also had a more significant impact on prices for those product types. Year-over-year price declines ranged from more than eight per cent for row properties to nearly three per cent for semi-detached and apartment properties.

Tighter market conditions for detached properties supported some upward price trends and year-over-year prices were stable compared to the previous year. However, on a year-to-date basis, detached prices remain nearly one per cent lower than last year’s levels.

 

Need more info? Get in touch at brad.somer@remax.net!

07 2020 Calgary Monthly Short Summary

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Just Listed – #1207 1540 Sherwood Boulevard NW

July 24th, 2020

Just Listed – #1207 1540 Sherwood Boulevard NW

Sherwood | MLS A1014667

Offered at $194,990

Move in ready. This well-maintained 2 bedroom, 2 bathroom condo is minutes away to all your shopping, dining and entertainment needs. Close to transit, schools, parks, walking paths, and the airport.

With 800 sq ft of living space, this home is one of the most popular plans in the building! The main living area is bright and open airy with 9′ ceilings. The living room features a sliding patio door to a private southeast facing deck, looking over the complex’s peaceful centre courtyard.

The kitchen features classic dark stained maple cabinets, granite, eating bar peninsula, tile floors, and black appliances. The master bedroom is spacious and has a walk-in closet and full ensuite with tub! In suite storage and laundry room. The condo also comes with bike storage, convenient visitors parking, and one heated indoor parking stall. This home has everything you need for your active lifestyle.

Don’t miss this one! Call to schedule your private viewing today!

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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Just Sold – #1808, 510 6 Ave SE

June 20th, 2020

Just Sold – 1808, 510 6 Ave SE

East Village | MLS C4291959

Offered at $469,900

Just sold this lovely two bedroom unit with unobstructed views of downtown and the river! This gorgeous home has floor to ceiling glass walls to make the most of the view. This location can’t be beat… all the amenities of the East Village development right at the door. Underground parking and all! Thanks to my great return clients, C & D, for giving me a call and making your purchase as smooth as possible. I will be with you all the way through to possession day to help out with the next steps, as well!

While this property is sold, there are plenty of other great ones to view! If you are thinking of buying or selling, don’t hesitate to get in touch!

 

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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Just Listed – #207 507 57 Ave SW

June 9th, 2020

Just Listed – 207, 507 57 Ave SW

Windsor Park | MLS C4301013

Offered at $189,000

Welcome home to this spacious, updated, two bedroom unit in a quiet, well managed, concrete building. This south facing unit boasts an updated kitchen with quartz countertops, rich brown cabinetry with brushed chrome fixtures, a modern tile backsplash, and a stainless steel appliance package!

Walk through the gorgeous galley kitchen and find a separate dining area that can comfortably seat a family. From here, you’ll love the open floor-plan out into the generously sized living area, which has access to a sunny, south facing deck (perfect for BBQ season!). There are two quiet bedrooms and the 5pc washroom with double sinks! There’s in-unit storage and a powered parking stall out back.

All this and you are steps to Chinook Centre, transit, shops and pubs. Even better, you’re just a short wander to the C-Train for easy access downtown, the university, or wherever your travels take you.

A great unit at a great price… book your private viewing today!

 

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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Just Listed – 84 Coach Manor Rise SW

June 7th, 2020

Just Listed – 84 Coach Manor Rise SW

Coach Hill | MLS C4300909

Offered at $414,900

Welcome home to the heart of Coach Hill. This lovely four bedroom home is situated close to parks, shopping, transit, and schools.

The main level has a huge family room, a formal dining space, and a kitchen with a breakfast nook for those more informal family dinners.

Upstairs has a generously sized master suite with a two piece ensuite. There are two additional bedrooms and an updated four piece washroom.

The lower level has a sunny second living space and kitchen (illegal lower suite) walking out into a lovely treed backyard. And the fully developed basement level has an additional bedroom with two piece ensuite and a den.

This versatile home would be perfect for a single family, a revenue property, live up & rent down, or for an extended family. Book your private viewing today!

 

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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Just Listed – 331 Evanston Dr NW

June 1st, 2020

Just Listed – 331 Evanston Dr NW

Evanston | MLS C4299178

Offered at $464,900

Welcome to the fantastic move in ready family-friendly home with front verandah, mere minutes to Evanston Towne Centre shops & restaurants, parks, schools & extensive pathways around the environmental reserve. The open concept main floor has been designed with style & function in mind and is the perfect layout for any busy family.

The kitchen has centre island, granite counter tops, lots of storage space, and stainless-steel appliances. The laundry is conveniently located on main floor. This home comes complete with A/C and custom blinds installed throughout. The upper level boasts three bedrooms, including the master all with walk in closets.

Your fully finished basement is indeed for entertaining with trendy wet bar, large rec room, full bath, and a guest bedroom. The south facing landscaped yard will be your summer destination with deck, built in hot tub, garage, and covered carport with automatic gate opener. This home has easy access to all major roads, shopping, and parks.

 

Don’t miss this one! Call to schedule your private viewing today!

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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Just Listed – 1510 Patterson View SW

June 1st, 2020

Just Listed – 1510 Patterson View SW

Patterson | MLS C4299179

Offered at $419,000

This spotless, move in ready, two storey home has a comforting open feel with lots of natural light and high ceilings. Located on a quiet cul de sac, the Indian Bluffs complex has park-like landscaping, easy access to downtown, and to the Rockies.

This unit has a large living room with gas fireplace, sunny dining area, and a great kitchen (with breakfast bar and pantry). The upper level has a generously sized master suite with a massive amount of closet space, vaulted ceiling, and a five piece ensuite. The second bedroom has an ensuite as well. The loft is open to below and is used as an office or it could be an upper family room.

A fully finished basement with rec room, den/office (used as bedrm), and full bath, round out this home. This is a charming home has French doors that take you to your private yard with deck and a lower deck for additional seating. This is a well-maintained complex with pond, fountain, clubhouse for rent & community garden. Condo fees include heat and water/sewer. Close to bike trails and natural reserve walking path, LRT, downtown, Aspen Landing shops, MRU, Ambrose College and West Side Rec Centre.

Don’t miss this one! Call to schedule your private viewing today!

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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Just Listed – 1414 8 Avenue SE

May 19th, 2020

Just Listed – 1414 8 Avenue SE

Inglewood | MLS C4295231

Offered at $770,000

This home is a jewel in the heart of Calgary, presenting a custom, sophisticated open concept design with artistic stone and wood features throughout. The creatively designed kitchen has Indian fossil stone accents, stainless steel appliances and stunning granite. The sweeping island will be the focal point of all gatherings, and this home is set up to entertain!

A magnificent stone accent wall and soapstone feature are the perfect backdrop to showcase the custom wrought iron railing leading down a curved staircase to the generous lower level. The informal family room is accented with a three sided fireplace. The large entertainment room with wet bar can easily accommodate a pool table.

The huge master bedroom has a spa like ensuite. Professionally landscaped grounds, large Indonesian Batu hardwood decks are prime for the coming BBQ season! Access to the Bow River pathway right across the street. Nestled in a quiet pocket, you’re steps to the vibrant Inglewood historic district, which had some of the coolest amenities in the city. It’s also walkable to downtown, the Zoo, Science centre, Harvie passage, the bird sanctuary and a ton of funky breweries, entertainment, and dining venues.

Don’t miss this one! Call to schedule your private viewing today!

Brad Somer, Realtor

ReMax iRealty Innovations

brad.somer@remax.net

403-200-1240

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May 1 2020 – Market Update

May 4th, 2020
Media release: Calgary real estate market feeling impact of COVID-19 

City of Calgary, May 1, 2020 –

After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19.

April sales hit 573 units, a decline of 63 per cent over last year.

“The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in the energy sector is causing housing demand to fall,” said CREB® chief economist Ann-Marie Lurie.

“Demand is also falling faster than supply. This is keeping the market in buyers’ territory and weighing on prices.”

Sales activity eased across all price ranges, but the largest declines were for homes priced above $600,000.

With a greater share of the sales occurring in the lower price ranges, the average price decline was more than eight per cent. Prices for the average home are also declining, reflected by the benchmark price, which fell by nearly two per cent compared to last year.

New listings this month totalled 1,425 units, a decline of 54 per cent compared to last year. Inventories also declined, but with 5,565 units available, they remained high enough to push the months of supply above nine months.

The economic impact of the situation is significant and early indications point toward more job losses and higher unemployment rates. Several government incentives will help cushion the blow, but challenges in the housing market are expected to persist throughout this year.

 

HOUSING MARKET FACTS

Detached

  • Detached sales eased by 63 per cent this month compared to last year, with the largest decline in the West district.
  • Slower demand was also met with easing supply, as new listings declined by 57 per cent. Overall, inventories eased by 25 per cent compared to last year. Despite the decline in inventory, the months of supply rose to more than eight months.
  • The detached benchmark price eased by one per cent over last year, totalling $479,100. Prices managed to remain flat in both the South and South East districts. The highest price decline was in the City Centre, with a drop of more than three per cent.

Apartment

  • Apartment sales slowed to 95 units. This is a 62 per cent decline over last year. New listings also slowed, but it was not enough to support a larger decline in inventory levels, which only eased by 13 per cent compared to last year. With 1,349 units in inventory, the months of supply rose to 14 months.
  • Condominium prices were falling before recent developments in the market and the pace of decline remained relatively unchanged at more than two per cent compared to last year. Since the first energy crisis in 2014, the citywide apartment benchmark price has declined by nearly 19 per cent.
  • Year-over-year prices have eased across almost all districts, but the South East district saw the largest year-over-year decline this month at nearly six per cent.

Attached

  • Semi-detached and row properties recorded a significant drop in sales and new listings, causing inventories to decline by nearly 20 per cent. However, with a combined inventory of 1,441 units compared to just 138 sales, the months of supply rose to over 10 months.
  • Semi-detached prices eased across all districts for a citywide year-over-year decline of nearly three per cent. The City Centre recorded the largest year-over-year decline at four per cent.
  • Row priced declined in all areas except the East district. Citywide row prices declined by more than two per cent for a total of $278,300.

 

REGIONAL MARKET FACTS

Airdrie

  • Sales in Airdrie slowed to 60 units in April. This decline in sales was met with a similar decline in new listings, which totalled 107 units. This helped reduce inventory levels, but with 407 units still in inventory, the months of supply rose to nearly seven months.
  • Overall, the benchmark price remains comparable to last year. Average prices have declined, but some of this is due to more homes being sold in lower price ranges, as there was a significant decline in sales for homes priced above $500,000.

Cochrane

  • April sales in Cochrane dropped to 29 units. This is 55 per cent below levels recorded in the previous year. However, new listings also eased. With only 61 new listings in the market, inventories declined to 281 units.
  • Prices were easing before social distancing measures were put in place and April’s benchmark price totalled $398,900. This is nearly two per cent lower than last year. However, both the median and average price rose compared to last year. This is likely due to more homes being sold in higher price ranges, as there were no sales recorded in the lowest price range.

Okotoks

  • Both sales and new listings dropped, with totals of 17 and 44 units, respectively. Inventory remained well below last year’s levels, but weaker demand pushed up the months of supply to nearly 12 months.
  • Prices were trending down from the start of the year, but levels have remained relatively stable compared to the previous year. In April, the benchmark price continued to trend down, totalling $402,300.

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