Blog

There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels.

The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared to last year.

The slight adjustment in supply levels has helped support further reductions in the months of supply, which was 4.6 months in April. While this level still represents oversupply in our market, it does reflect improvement from the nearly seven months of supply that we saw at the start of the year.

“Demand remains relatively weak in the resale market. However, if supply levels continue to adjust, this could help reduce the amount of oversupply and eventually support some price stability,” said CREB^® chief economist Ann-Marie Lurie.

As of April, the total residential benchmark price in Calgary was $415,900. This is slightly higher than last month, but still nearly five per cent lower than last year’s levels.

Citywide sales were 1,547 units in April, two per cent higher than last year’s levels. Year-to-date sales remain nearly six per cent lower than last year and are 26 per cent below longer-term averages.

“Sales have been improving mostly in the lower price ranges, causing tighter supply conditions in that segment.  This will likely have a different impact on price trends in the lower price ranges depending on location,” said Lurie.

HOUSING MARKET FACTS

Detached

• Detached sales improved by nearly three per cent in April compared to last year, due to gains in homes priced under $500,000. However, with 930 sales, activity still remain 24 per cent below long-term averages.  Recent gains were also not high enough to offset pullbacks earlier in the year, causing year-to-date sales to fall by over five per cent.
• Improving sales did not occur across all districts. In April, there was growth in the North East, North West, South and South East districts of the city. Despite some signs of sales improvement, overall sales activity remains well below 10-year averages throughout every region in the city.
• April detached inventories citywide continue to remain just above levels recorded last year. Months of supply remain relatively unchanged at four months.
• The amount of oversupply has varied significantly depending on the area of the city. Months of supply has only risen in the City Centre, South and West districts of the city.
• Despite some of the adjustments occurring in the detached sector, overall April prices remain lower than last year’s levels across all districts. Year to date, the largest year-over-year declines occurred in in the City Centre, North West and South districts.

Apartment

• Despite the affordability of apartment condominiums, sales activity continues to fall across the city and in most districts. There have been 714 apartment condominium sales so far this year, the lowest level since 2001.
• The decline in new listings has started to outweigh the sales decline, causing inventories to ease. As of April, resale apartment condominium inventories totaled 1,546 units, 16 per cent lower than inventory levels last April.
• The easing inventories have also caused the months of supply to decline to just above six months. While this is still a buyers’ market, this trend could help ease the downward pressure on prices if it continues.
• Apartment condominium prices in April totalled $250,400, comparable to last month, but over two per cent below last year’s levels and nearly 17 per cent below 2014 highs.

Attached

• Attached sales activity improved compared to last year’s levels for the second straight month, almost offsetting the declines occurring in the first two months of the year.  Year-to-date sales were 1,113 units, nearly one per cent below last year’s levels, and 14 per cent below long-term averages.
• Year-to-date sales have improved in all districts except the City Centre, North West and West.
• Improved sales and easing listings have helped prevent further inventory gains in this sector and overall months of supply have trended down to five months.
• Following several months of prices trending down, semi-detached benchmark prices in April rose over the previous month. However, prices remain over five per cent below last year’s levels at $395,300.
• Row prices were $284,900 in April, over five per cent below last year’s levels.

REGIONAL MARKET FACTS

Airdrie

• Stronger sales in March and April offset earlier declines, causing year-to-date sales to total 363 units, similar to levels recorded last year. New listings continue to decline, causing April inventories to ease compared to last year. Months of supply remain elevated at five months, but this is a notable improvement compared to last year, when months of supply was over six months.
• Rising sales and easing inventories helped prevent further price declines in April compared to March. However, overall, April prices remained nearly four per cent below last year’s levels. Prices have eased across all property types, with the largest year-to-date decline in the apartment sector at eight per cent.

Cochrane

• Despite improving sales in April, year-to-date sales in Cochrane eased by six per cent compared to last year. However, new listings have also eased, helping reduce some of the inventory in the market.  While inventories and months of supply remain elevated, for the first time since June 2018, the months of supply fell below six months.
• Some improvement with oversupply has likely prevented further monthly declines in prices. As of April, total benchmark prices remain over three per cent below last year’s levels for a total of $415,100.

Okotoks

• Despite some recent improvements in sales, year-to-date sales activity slowed compared to last year. New listings have also eased, but it was not enough to prevent further inventory gains, keeping months of supply above five months.
• The amount of oversupply has impacted prices. April residential prices totalled $406,700. This is nearly four per cent below last year’s levels. Price declines were slightly higher in the attached sector, with a year-over-year decline of nearly five per cent.

Wow and Thank you! Thanks to your help, we had an amazing first quarter 2019 having just sold 445 Skyview Ranch today! We had 11 showings and sold it $6,000 over List price. Laurie and Lauire (can you believe him and her have the same name?!!) are retiring on Vancouver Island!  5840 66 AVE NW in Charleswood wasn’t as fast … but we just went firm and these folks can finish their build and move to Eastern Alberta, getting on with the next step of their lives! Thanks so much.

Now we need your help.   Please forward this link to your friends and family.  https://www.thehowardteam.net/search/p/howard-team

2239 45 ST SE … Owner James has already moved out.  This CORNER Lot adjacent to a green space/park in inner city Forest Lawn needs the next buyer. They may move in, or rent with a long term hold to develop a 4-Plex.  Know an investor who could be interested?

Fix and Flip … or hold it? We got one that makes sense – for under $200K. Call me for details.

How about Walden? In a quite cul-de-sac with a legal secondary suite – to assist in paying half your mortgage.

Your realtor,

Bryon Howard

It seems the older I get, the more I think in quarters. Let me explain…after every three to four months I reflect on how I did in my last quarter. Did I hit my business targets? Did I get sufficient exercise? Did I have enough exercise and fun? Is my life progressing in the direction I want it to go? Am I moving towards a designed life or am I just living day to day reacting to the circumstances around me? On a quarterly basis, these are the many thoughts that run through my head.

Recently, I ran into a friend and colleague at work, Tim Banfield, who is constantly setting out on new challenges and adventures. On many occasions he has invited me to join him on those adventures including mountain climbing, ski tours, biking and many more. After months of saying no, I finally said yes and we picked Tuesday 22 September to do head out and do something fun.

We ultimately decided to do a multi pitch climb at the Ghost area (Don Getty Wildland). While I have ridden my road bike a little bit in this area, I really had no idea where we were going. Getting there in Tim’s Grand Cherokee was almost enough of an adventure with all the twists and bumps in the road. After arriving and a short hike from the drainage area, we were at the base of our chosen route called Heidies with Hilties – a 5.10b route established in 2000 by two women by the name of Heidi. The last time I did a 5.10b was at Smith Rock in Oregon in 1991 with my brother Tommy… and it was a single pitch, so this would definitely prove to be a challenge.

Tim led the four pitches and I followed. At one point I thanked Tim for keeping the rope tight and he replied that he was giving me a ‘girlfriend belay’. With a taunt rope, I was able to successfully do the entire climb without falling. During the entire clime Tim reassured me that at no time were we ever in danger, and I acknowledged that. However, at the same time – my body was completely exhausted as we reached the top at the final pitch. We repelled down and at the base of the climb, we had a picnic snack before going on a short hike.

Completely at peace, I lied on the ground … so thankful to be in this amazing location. In retrospect, the highlight of the day was not the adrenalin pumping climb up the steep wall, but the relaxation of hanging out at the base in complete peace. At the same time, I needed the climb to enjoy the peace of just hanging out. I guess it is the ying and yang or pendulum of life – you cannot have happiness without sadness, you cannot have success without failure, exhilaration comes from peace. Thanks to Tim, I’m already making a plan for some adventures next quarter!

Are  you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

If you could start over and be a kid again, which sports would you choose to participate in?  Being active is a big part of my family’s lifestyle.  It seems that our favorite sports are the ones that we are familiar with because we know our own abilities.  Especially as an adult, it might be intimidating to go out on a limb and try something brand new.

For the kids in Calgary, there is a unique opportunity to try their hands (and feet!) at a whole range of activities.  Leaving the Talisman Centre after a swim yesterday, I noticed a poster promoting “ALL SPORT ONE DAY“. The event takes place on June 20 and features a full day of sport discovery for kids aged 6 to 12.  That’s 50 exciting sports to try in 14 facilities around Calgary.

Bike racing in Edmonton recently as a ‘master blaster’ at Velocity Stage Race, I had an ‘epic for me’ 3rd place finish with a ‘long ago’ Olympic Rower Joe S.  We finished 3rd and 4th by taking a chance and breaking from the peloton with 5km left in the race.  After the race, I asked him if he would encourage his kids into rowing. From my perspective, it looks like a peaceful and beautiful sport.  His response surprised me.  “Oh no,” he said, “I hate that sport.  It’s the same lake – over and over again. So boring.  I love cycling and the variety of terrain you get to see.”

I guess that got me thinking – what is the right sport?

Growing up I played all kinds school sports.  I spent a great deal of time alpine skiing and then got pretty good at Rugby and played during University.  I suppose Rugby set me up to be a pretty tough endurance athlete.

I’m not sure I would have wanted my parents to do anything different in terms of promoting a particular sport to me.  I was fortunate to be exposed to plenty of challenging activities and have maintained a love for athletics all my life.

Times are different now.  Just the other day, I saw a couple of kids outside on the street playing street hockey. That was awesome. It not something you see as often anymore, but it reminds you of a time when sports weren’t limited to organized leagues.  Kids just played to have fun.

I recently heard an interview where an adult vocalized that kids from Junior High to High School should have a compulsory sport; meaning they MUST participate.  It’s an interesting idea, and probably one that would be met with a range of strong opinions.  Athletics aren’t necessarily for everyone, but there are so many life skills that can be derived from achieving an athletic skill or playing on a team.

I tend to agree with this concept, and it wouldn’t hurt to get kids committed to learning a musical instrument as well!  In my job, I visit plenty of homes and see a lot of kids staring into devices.  While I don’t like it, I understand it. My home is the same, and as adult, we are also guilty as charged.  Technology has taken the place of real life activities in many ways.

Living in Calgary, we really do have the opportunity to shape our kids lives and assist them with their high performance sporting goals. Many young Canadians travel to Calgary to live with host families and train with our great coaches and facilities.

If you know kids between 6 and 12 years, try to encourage them and their parents to participate in the All Sport One Day on June 20. Who knows, your kids may discover some amazing abilities that they didn’t even know they had!

So – knowing what you know now, which sport would have been right for you as a teenager?  Do you wish you had committed to a team sport so you could feel confident about joining a league as as adult?  Are there any athletic activities that you recently discovered that are now an important part of your life?  Which sport would you direct your ‘loved’ neighbours, nieces, nephews, and kids into?

Have a great weekend.

The spring market is already in full swing in Calgary. There is no doubt that our real estate climate is quite a bit different during the same time last year. Although we’ve had a bit of a slow start, it’s important to remember that we are constantly comparing the market to 2014, which was a record-setting time. If you are seriously considering making a move, the changes in the economy have made it essential to have a smart plan in place.

As a buyer, you are in an excellent position to find exactly what you are looking for, without finding yourself in a bidding war over and over again. First-time buyers need to take advantage of the current market conditions while they last. The interest rates are unbelievably low and entry-level homes are in abundance. Still, many like to exercise caution in the market – values may decrease or a better deal maybe just around the corner. The key is to not wait too long. We have seen similar states in Calgary in the past, so there is really no guarantee that this buyer’s market is here to stay for the long haul.

As a seller, recognize that buyers are still seeing the value in the real estate market. They may be a little more cautious than they were in 2014, but they certainly know good value when they see it. Homes are taking a little longer to sell simply because there is no shortage of inventory. Now, more than ever, it is crucial to have a strong pricing strategy and go the extra mile to make sure your home shows a 10+. There are plenty of resources available, and home stagers, in particular, can make an ordinary home look quite exceptional for a reasonable investment.

If you are finding yourself on both sides of the transaction, be sure to work with an experienced Realtor who can help you create the right strategy to accomplish your real estate goals. Should you buy first then, put your house on the market? Should you set out to find your ideal home after selling? The right answer varies depending on the type of property you have and are seeking to upgrade to.  In a buyer’s market, it is advisable to sell your home first. This will allow you to move forward knowing exactly how much equity you’d be able to bring into your new purchase.

Are  you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

A quick rundown of what’s going on in the market for the first 31 days of 2015.

Find out more!
Website: www.TheHowardTeam.net
Facebook: Calgary Real Estate by The Howard Team
Twitter: @Calgary_Life
LinkedIn: www.linkedin.com/in/bryonhoward

Hurray the holidays are finally here! The snow has fallen, and melted… and fallen and everywhere you look, there are signs of the festive season. The bright lights and beautiful music make the cold weather not so bad after all. In fact, Calgary is a great place to be during Christmas time. There are plenty of events happening around the city to help you get in the spirit of the festivities.

Our family looks forward to the holidays as a time to relax, unwind, and spend time together. We also make it a point to enjoy the great outdoors. Heading to the mountains for a few days of skiing has become an annual tradition. Even though everyone is way faster then me now, I still love it! When you have some of the best slopes in the country just an hour or two away, staying indoors all winter is not an option! Walks in the city that give us mountain views can be breathtaking. The pinkish glow of the early morning sun on mountain peaks always stops me in my tracks.

The holidays are all about family and traditions, and of course, the food. Every family has their own special recipes. I love to make French Breakfast Puffs fresh on Christmas morning. They are an easy and simple treat that we now refer to as “Christmas Puffs”. I put the ingredients together the night before, so it’s an easy task on Christmas morning. I’ve included the recipe below. Thanks to my Mom for sharing it with me many years ago.

French Breakfast Puffs

Combine 1/4 cup sugar and 1/2 teaspoon ground cinnamon; set aside.

In a bowl stir together 1 1/2 cups all-purpose flour, 1/2 cup sugar, 1/2 teaspoons baking powder, 1/4 teaspoon ground nutmeg, and 1/8 teaspoon salt.

In another bowl, combine 1 beaten egg, 1/2 cup milk, and 1/3 cup melted margarine or butter; add to flour mixture, stirring just till moistened.

Lightly grease muffin cups or line with paper bake cups; fill 2/3 full.

Bake in a 350 oven for 20 to 25 minutes or till golden.

Immediately dip tops into 3 tablespoons melted margarine, then into sugar-cinnamon mixture.

Server warm. Makes 12.

From our family to yours, we wish you a safe and happy holiday season. Find some time to unwind and make special memories with the people that matter most. Travel safe if you plan on escaping to somewhere a little warmer or plan on traveling across the country to visit loved ones. At the end of the day, our family and friends are what makes it all worthwhile.

We wish you all the best and we look forward to connecting with you again in the New Year.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-287-3880 or at  www.GreetingsCalgary.com. 

 
About Shirley Wright

Like everyone, I have been involved in real estate my entire life! Like you, I grew up in a home! My husband and I purchased our first home in 1998, and since 2001 I have been assisting my husband, Bryon Howard, in our real estate investments and his work as a Top Producing Sales Professional.
I assist sellers and buyers meet their goals, efficiently and have fun doing it.
To serve you better, I network daily with top producing REALTORS in various markets across North America, keeping abreast of the many and varied trends and cycles of real estate.
I look forward to serving you to help you find what you want in our exciting city. Please take some time searching my website www.GreetingsCalgary.com. Many of my clients have advised that the search engine incorporated here is very user friendly.