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JUST PURCHASED in Willow Park
 

I have sold a property at 508 Willow Park DRIVE SE in Calgary on May 9, 2024. See details here

Step into 2800 square feet of exquisitely renovated living space, a vibrant canvas awaiting your personal touch. Crafted by the renowned Keith Builders, this home embodies a fusion of timeless craftsmanship and modern flair, ensuring a living experience that transcends ordinary. Outside, a sprawling yard beckons, adorned with a concrete pad and RV plug, primed for outdoor adventures under the sun. Picture-perfect evenings come alive around the charming outdoor wood-burning fireplace, where laughter mingles with the sweet scent of blooming flowers. Nestled in the heart of Willow Park, this bungalow is more than a home—it's a gateway to convenience and community. With shopping, transit, schools, and golfing just a stone's throw away, every day unfolds with endless possibilities. Step inside to discover a sanctuary of comfort and creativity, where the warm embrace of open-concept living meets the practicality of abundant enclosed storage. From seasonal treasures to everyday essentials, there's space for everything and everyone in this delightful abode. So, seize the spirit of spring and make this Willow Park Bungalow your own—the perfect canvas for your blossoming dreams and cherished memories.

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Competing Offers to Purchase

On the weekend I worked with first time buyers to present their offer for a Calgary property.  There were a total of 21 offers, representing 21 purchasers hoping to buy a home in an extreme seller's market!  The spring is traditionally busy, but there is an unusually high demand for Calgary housing.  Looking at current sales and listing activity compared to mid April 2022 and 2023, the market has continued to tighten:

• Active listings are down roughly 40% in April from 2 years ago (2022) and 20% from last year (2023).

• As you may have guessed with constrained supply, values are rising with a 9.5% jump in average sale price from this time last year.

• Housing prices in Calgary are continuing to trend upwards, with thousands of people expected to be Alberta bound again in 2024. Follow key economic indicators for Alberta: https://lnkd.in/gZcBzbUv

• The average sale price to list price ratio is now over 100%, with competing offers being common place and not the exception. Accepted offers may be 5-10% over the list price in the more affordable price ranges.

• Average days on market has dropped to 21.

If you are a buyer, you must have a strategy going into a competitive offer scenario. If you are a seller, preparations to your property before listing, and having plans to manage the competing offer process are critical to optimizing outcomes. As the spring market unfolds, I took a look at current sales and listing activity compared to mid April 2022 and 2023.

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SOLD in Three Days
 

Let the sunshine in! This SOUTH facing, three storey townhouse with an ATTACHED GARAGE is filled with light. Situated across from park space in the Windsong neighbourhood of Airdrie, it is well suited to first time home buyers. The well designed, efficient layout provides a huge front foyer on the main level, open concept living, dining, kitchen areas plus laundry, half bath and large deck on the second level, and generously sized primary suite with walk-in closet & three piece ensuite, second bedroom (or den) and four piece bath on the third level. The home features numerous upgrades with GRANITE countertops, STAINLESS appliances, HARDWOOD & TILE flooring, full height kitchen backsplash with under counter lights, and stained wood cabinets and millwork. Please note that this property is not a condominium and thus no monthly condo association fees. Schools and numerous amenities are minutes away in this quiet neighbourhood. Easy to view and available for new owners to take possession in late March.

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Seller's Market Continues into Spring Season

Sales volumes on MLS® jumped 23% with 2135 properties sold in February.  Prices were up 10% year-over-year.  Inventory of properties for sale in Calgary remain at historic lows, with just over one month of listing supply.  Meanwhile, new home builders are playing catch-up to meet demand, with total housing starts up 48% compared to last year.  If the pace continues, Calgary is expected to end the year with 25,000 new housing starts.  The February 2024 CREB® Sale Statistics include the following enchmark prices for February:

Detached $721,300     Semi-Detached $639,100     Apartment $329,600 

For buyers, especially those looking for properties in affordable price segments, the competition is fierce.  The province continues to attract strong migration.  Competing offers are commonplace, with some buyers foregoing conditions and paying 5 to 10% over the list price.   It is extremely important to have a focused buying strategy, with the ability to respond quickly when a property of interest comes to market.  Having deposit monies and approvals for financing in place  are critical to successfully purchasing a property in a seller's market.   Similarly, sellers must carefully prepare, present, and strategically price a property to optimize outcomes.  

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JUST PURCHASED in Bel-Aire
 

A once in 56 years opportunity to buy this super prime and quiet position in the centre of Bel-Aire Estates may be exactly what you have been waiting for. The lot is 12,615 sq ft, 150 ft deep pie shape, with a highly coveted south backyard over 100 ft wide. The mature landscaping is thoughtful and has been very well maintained, a significant portion of which could easily survive either a substantial new build or a renovation/addition to the existing house. Designed by Wolfgang Wenzel, this Gapineau built centre-hall 3,000 sq ft 2 storey with 5 bedrooms up has been lovingly cared for. The 2009 addition of an elevator seamlessly accessing all 3 levels extended the opportunity of its ageing owners to happily continue their residency. The roof was replaced by Sunik Roofing with transferable warranty in 2021, and leaf screens for the gutters in 2023. Other than the foregoing and considerable redecorating over the decades, the house is in more or less original condition. The Seller is an Estate and as such the Executor is offering the house and the property in “as-is, where-is” condition. The property is priced to accommodate the Buyer wishing to renovate or build their forever new home from scratch. 

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JUST SOLD in Parkdale
 

I have sold a property at 927 33A STREET NW in Calgary on Jan 29, 2024. See details here

Within walking distance to three major health facilities and the University of Calgary, this one-of-kind, fully developed contemporary infill is situated on a quiet cul-de-sac with a west backyard. The three storey design offers spacious living area of 2465 sq ft plus a developed lower level (865 sq ft), including a total of 4 bedrooms and 3.5 bathrooms. The calming décor and colour palate combines white and grey toned cabinetry & millwork, quartz countertops, glass and chrome light fixtures, flat finish ceilings, 2 fireplaces, with numerous designer features throughout. There are abundant windows to provide natural light from the east, south, and west and a total of 4 outdoor balcony spaces - enjoy southerly views of the river valley. Upon entry, the front living room is impressive with vaulted ceiling to second level loft. Wide plank hardwood flooring runs throughout the main level. The kitchen with a large island and the adjacent dining room create focal points for gathering. The second level includes large loft/den with built-in desk & shelving, four-piece main bath, two bedrooms with closet organisers, and laundry. The third and upper level is devoted to owner’s suite with primary bedroom including fireplace, walk-in closet, five-piece ensuite (double vanity, separate water closet, oversized shower, soaker tub) front east facing balcony, open den area with large SW balcony. The lower level includes a 4th bedroom, four-piece bathroom, large recreation area with built-ins and wet-bar. Via the mudroom, there is access to a sunny, fully fenced west facing backyard, professional landscaping with very low maintenance, and large back deck (low maintenance composite material). The double detached garage is heated (wireless thermostat) with storage in the attic space. The Parkdale community is amenity rich with shopping, schools, public transit, and community facilities in close proximity. The location of this home well suited to those who enjoy walking or biking to work. This impressive property is available for a 30 day+/- closing.

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JUST PURCHASED 723 35 Street NW
 

My buyers have just purchased a new infill at 723 35 STREET NW in Parkdale. See details here

Custom Home nestled on a quiet tree lined street! This homes has 0ver 4,400 sqft of developed living space and features 5 bedrooms, 4.5 baths, main floor office, lower level den and a massive butlers pantry. The inviting and expansive open concept main floor showcases 10' painted ceilings, solid core doors and light wide plank hardwood floors that continue to the upper level. Walking in you are greeted by an office with classic wall details and ambient wall sconces as well as built in shelves for all your books and keepsakes to be showcased. The living room boasts a 60" fireplace with floor to ceiling tile detail. The breakfast nook is nestled between the living area and designer kitchen. The bright timeless kitchen boasts an island with waterfall edge perfect for entertaining, chef inspired appliance package featuring a 6 burner Wolf Gas Range, Wolf hood fan, and large 48" Subzero fridge. The kitchen leads into a massive butler's pantry with an additional refrigerator, counter space and an abundance of storage. The butlers pantry has a pocket door that joins to the designated dining room perfect for hosting any holiday or event with your loved ones. The main floor also features an oversized mud room with an abundance of storage solutions as well as your main floor 2 pier powder room with lux features and a moody feel. Upstairs you will find a great sized laundry room, 3 large bedrooms with 2 ensuite (one jack and jill) as well as the Primary bedroom. The oversized Primary is truly a retreat from the rest of the home with an intimate bedroom area leading to a walkway that leads to the extravagant ensuite with in-floor heat, large soaker tub set below a picturesque window, double vanity and makeup station, oversized tile surround steam shower with vertical jets! The basement features a massive rec room with space for movie viewing and a games area/ pool table, electric fireplace and a classy wet bar to host any guests. The designated home gym features a peakaboo 7' glass panelled wall and has high impact Gym Flooring. You will also find a fifth bedroom, full bath with glass enclosure and a craft room/media room. The West facing backyard features a covered deck with vaulted detail and durable vinyl decking. There is also a detached insulated and drywalled triple car garage for every car enthusiast or large family as well as rv/trailer parking with easy access gate! This home truly has it all...Location, design and functionality! Close to Westmount Charter School, shopping, the Foothills Hospital, Bow River, Market Mall and so much more!

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JUST SOLD in McKenzie Lake
 

JUST SOLD 92 Mt Copper GREEN SE  See details here

Classic two-storey split (2219 sf) with developed WALKOUT basement (988sf) on a cul-de-sac with WEST BACKYARD in McKenzie Lake! Originally built by Baywest Homes, long time owner has completed numerous interior and exterior improvements in past 15+ years. Interior features include HARDWOOD and tile flooring throughout main floor, GRANITE counters in kitchen area, two gas fireplaces and numerous built-ins. The fenced, west backyard includes a large upper deck with pergola, dog run, and multipurpose outdoor shed/studio, This QUIET STREET is filled with young families and several schools are within walking distance. Golfing, fishing, and walking paths make McKenzie Lake an appealing choice for outdoor enthusiasts. With a total of 4 bedrooms and 3.5 baths, main floor den & family room plus lower recreation room, and access to McKenzie Lake amenities, this home is ideally suited to a family. 92 Mount Copper Green is ready to welcome new owners in mid January 2024.

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Future looks bright for Calgary

It was a positive start to November hearing insights from about the strengths and resources positively impacting Calgary’s economy and housing market.  The Calgary Economic Development had a super lineup of presenters and the for its Economic Outlook 2024

It's expected that the strong demand for housing will continue as immigration remains high and economic growth surges.  We need to pickup the pace of home construction!

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JUST SOLD Luxury Home in Pump Hill
 

This PUMP HILL property offers the complete package - an impressive home with an exceptional lot on a quiet crescent! See details here The multi-year, interior and exterior renovations to this property included new concrete footings and steel beams. Completely transformed, the result is a contemporary and bright interior with thoughtfully designed, highly functional outdoor spaces. This luxury estate in Pump Hill offers 4200+ square feet of updated, developed space (3068 sf main + 1186 sf lower) on a quiet crescent location with 4 bedrooms and 3.5 baths, plus and a triple, drywalled garage. The outstanding kitchen is designed for those who enjoy cooking and entertaining with two sinks, 13-foot-long granite island with black stainless Kitchen Aide appliances including six-burner gas stove top. A blend of finishes and features throughout the interior and exterior include wide plank hardwood, stone countertops, custom blinds, built-in closet organizers, electric heated floors in bathrooms, total of five fireplaces (one gas and four electric), vaulted ceilings with abundant LED pot lighting, built-in speakers on all levels, custom floor to ceiling bookshelves, illuminated staircases, stamped concrete, travertine, limestone, with contemporary lighting, hardware and plumbing fixtures throughout. The front and rear outdoor spaces have been meticulously designed and maintained with a private, front patio and a west backyard with an expansive, two-level, stamped concrete and stone brick patio. This fully renovated home and landscaped homesite (almost 12000 square foot lot) in an established SW neighbourhood is ready to welcome new owners in autumn 2023. Pump Hill is within walking distance of Glenmore Landing and the Reservoir, Paperny Family JCC, Heritage Park and it is a 20 minute commute to downtown.

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