Judy Cunningham's Calgary Real Estate Blog

Demand for detached housing continues to rise

 Calgary June 1, 2017 - Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs.

 "The economic climate is supporting detached housing market recovery," said CREB® chief economist Ann-Marie Lurie.

 "Improved demand and easing supply has created more balanced conditions and ultimately some modest price gains. While it will still take some time for prices to recover, the transition in the detached segment is an important first step to stabilization across all segments of the housing market."

 For the first time since June 2015, prices in the detached sector did not decline on a year-over-year basis.  Unadjusted detached benchmark

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$374,900 - 55 Martin Crossing Grove NE - C4118027

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WELL MAINTAINED, SPOTLESS, WALKOUT - 4 level split. 4 bedrooms and 2 bath. Conveniently located by the Genesis Centre, Shopping and Transit. The BRIGHT open concept main level features AWESOME 11' ceilings, laminate flooring in the living room with large bay windows. The kitchen has beautiful oak cabinets with all white appliances. The spacious dining room is great for those large special family gatherings with access to the side yard for summer BBQing. The upper level you'll find the 4 piece main bath, 3 bedrooms with a good sized master bedroom

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$449,900 - 70 Auburn Crest Green SE - C4115835

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Situated in the beautiful lake community of Auburn Bay. A short walk to the South Health Campus Hospital, shopping, restaurants and the New Seton Recreation Facility opening in 2019. This rare bungalow home features 9 foot ceilings on the main and basement levels with vaulted ceilings with dual skylights on the main floor. The open concept main floor has hardwood floors a large bright kitchen has granite countertops with under mount sink, pantry, stainless steel appliances and a large centre island. The large dining room is great for those large

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City-Wide Prices Hold Steady as Labour Market Improves

 Calgary May 1, 2017 - Calgary's housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year's levels.

 "More jobs means less uncertainty for people who are sitting on the fence," said CREB® president David P. Brown. "There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market. It's a good scenario for sellers who are entering a spring market that's in better shape than anything we've seen in recent years."

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Detached prices stabilize as city-wide inventory trends down

City of Calgary, April 3, 2017 - After a long period of disconnect between supply and demand, Calgary's detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year, supporting price stability in the detached market.

"It's not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out," said CREB® president David P. Brown. "These changes are lifting the cloud of uncertainty for housing consumers and nicely positioning our market as we move into the more

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$259,900 - 7631 22 Street SE - C4104792 

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Great opportunity! This charming 3 bedroom bungalow half duplex on a quiet tree lined street is just for you! Open and welcoming main floor plan is bright and functional. The home features central air conditioning, a large modern main bathroom with jacuzzi air jet soaker tub and separate shower, main floor laundry room, 2 piece powder room, hardwood and durable laminate flooring, crown moldings and gas lines installed in front and back for BBQ hookup. Basement has some development with a bedroom with a 4 piece bath, but there is ample opportunity for future

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Detached sales activity boosts February housing market

Calgary, March 1, 2017 - After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.

As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures.

"There seems to be a new sense of optimism these

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