Natasha Eden ABR® Calgary & Chestermere REALTOR® : Calgary & Chestermere Real Estate Services : Archived blog posts for : January 2010

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HOUSING RECOVERY CONTINUES WITH ACTIVE DECEMBER MARKET

Posted on January 26, 2010 by Natasha EDEN

Posted in Calgary Real Estate Stats

December Calgary Real Estate Board housing statistics and report.

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Home Expo Prizes Awarded

Posted on January 23, 2010 by Natasha EDEN

HOME EXPO A SUCCESS!

We displayed the House Hunting Adventures Limousine at the recent home exposition held at the Calgary Stampede grounds and received overwhelmingly positive comments about our new services and the services Natasha is providing to her clients. We also held a free draw for gift baskets and a 32" LCD HDTV.

Gift baskets were won by Rodger Cox and Fabio Franco of Calgary.

The Television set was won by a wonderful familiy who is new to Canada. The Perez family were very excited when our limo pulled up and we delivered their new HDTV to their door! It was a wonderful experience and we appreciate the opportunity to be able to share with them.

Make sure you vist Luv2Giv.com to see other ways Natasha likes to give back to others.

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Spectacular BC Opportunity for Developers

Posted on January 10, 2010 by Natasha EDEN

I have a buying opportunity for any developers who might be interested in a beautiful land development property on the sunshine coast of British Columbia. Visit http://househuntingadventures.com/development-property.html to view photos and details. Please contact me directly if you would like further information and I will be pleased to assist.

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Calgary Housing Showing Sustained Recovery

Posted on January 9, 2010 by Natasha EDEN

Posted in Calgary Housing Stats

The Calgary housing market continues to show signs of a sustained recovery according to figures released today by the Calgary Real Estate Board (CREB®).

The number of single family homes sold in December 2009 in the city of Calgary was up 78 per cent from the same time a year ago, while condominiums sales saw an increase of 66 per cent from the same time a year ago.

“What a difference a year makes. Undoubtedly the recovery in Calgary’s housing market came sooner than expected this past year,” says Bonnie Wegerich, president of CREB®. “Pent up demand by first time buyers, record low mortgage rates and improved affordability have helped bolster the Calgary

market in 2009.”

December 2009 saw 799 single family homes sold in the city of Calgary. This is a decrease of 27 per cent from 1,095 sales in November 2009. In December 2008, single family home sales totaled 449. The number of condominium sales for the month of December 2009 was 341. This was a decrease of 32 per cent from the 504 condominium transactions recorded in November 2009. In December 2008, condominium sales were 205.

“The same time last year the cards were stacked in favour of the buyer. But this month sales once again show Calgary has returned to a balanced market,” said Wegerich. “While our sales did taper off slightly in December, as expected for this time of year, home buying activity in Calgary indicates we are in a sustained recovery.”

The average price of a single family home in the city of Calgary in December 2009 was $451,349, showing a decrease of 3 per cent from November 2009, when the average price was $464,444, and showing an increase of 8 per cent from December 2008, when the average price was $417,398.

The average price of a condominium in the city of Calgary was $288,640, showing a two per cent decrease from November 2009, when the average price was $294,264 and a five per cent increase over last year, when the average price was $274,919. Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas.

The median price of a single family home in the city of Calgary for December 2009 was $401,000, showing a decrease of two per cent from November 2009, when the median price was $408,000, and up six per cent from December 2008, when the median price was $380,000. The median price of a condominium in December 2009 was $265,000, showing virtually no change from November 2009, when the median was $264,900, and up four per cent from December 2008, when the median price was $254,000.

All city of Calgary MLS® statistics include properties listed and sold only within Calgary’s city limits.

The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price.

Single family listings in the city of Calgary added for the month of December totaled 806, a decrease of 41 per cent from November 2009 when 1,365 new listings were added, and showing a decrease of four per cent from December 2008, when 836 new listings came to the market.

Condominium new listings in the city of Calgary added for December 2009 were 444, down 37 per cent from November 2009, when the MLS® saw 705 condo listings coming to the market. This is an increase of three per cent from December 2008, when new condominium listings added were 431.

“Our inventory, while lower than last year, still offers a good selection for all ranges of buyers. Typically we see lower inventory at the end of the year with the listing count rising in the spring months. Our absorption rate remains under three months for single family homes, and just under four months for condos. Both are in a balanced market range,” Wegerich said.

“As we look to the year ahead, interest rates along with employment will continue to be key factors for a sustained recovery in the housing market. We expect a modest rise in interest rates by the middle of year, and this may spur some buyers to take advantage of low rates before the end of 2010,” added Wegerich.

CREB® is a professional body of 5,393 licensed brokers and registered associates, representing 252 member offices. The board does not generate statistics or analysis of any individual member or company’s market share. All MLS® active listings for Calgary and area may be found on the board’s website at www.creb.com

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Calgary Real Estate Market Update

Posted on January 9, 2010 by Natasha Eden

Posted in Calgary Real Estate Market

Price levels in Calgary remain constant as the market is correcting from the record growth seen in the middle of the previous decade. Inventory levels are one quarter the levels seen in 2008, and the reduction in choice has delayed purchases. Activity and price levels are expected to increase modestly in 2010.

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Calgary Offers Cash Incentives to Landlords

Posted on January 2, 2010 by Natasha EDEN

Posted in Calgary cash incentives

The City of Calgary is offering a Secondary Suites Grant Pilot Program as part of the Enterprise Housing Program. The Enterprise Housing Program is designed to stimulate the private and non-profit sectors to produce affordable housing though the provision of incentives.

The Secondary Suite Grant Pilot Program will run for one year starting April 2009. It offers a grant of up to $25,000 to cover 70 per cent of the costs of developing or upgrading a legal secondary suite.

Participants must commit to having the suite available to rent for at least five years at no more than average market rent for secondary suites. For more information on housing, please visit calgary.ca/affordablehousing.

More information can be found at: http://www.calgary.ca/portal/server.pt/gateway/PTARGS_0_0_780_237_0_43/http%3B/content.calgary.ca/CCA/City%20Hall/Business%20Units/Corporate%20Properties%20and%20Buildings/Affordable%20Housing/Secondary%20Suites%20101%20/Getting%20Started.htm

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HOUSING RECOVERY CONTINUES WITH ACTIVE DECEMBER MARKET

Posted on January 26, 2010 by Natasha EDEN

Posted in Calgary Real Estate Stats

December Calgary Real Estate Board housing statistics and report.

Read

Comments: 1

Home Expo Prizes Awarded

Posted on January 23, 2010 by Natasha EDEN

HOME EXPO A SUCCESS!

Gift baskets were won by Rodger Cox and Fabio Franco of Calgary.

Make sure you vist Luv2Giv.com to see other ways Natasha likes to give back to others.

Read

Spectacular BC Opportunity for Developers

Posted on January 10, 2010 by Natasha EDEN

Read

Calgary Housing Showing Sustained Recovery

Posted on January 9, 2010 by Natasha EDEN

Posted in Calgary Housing Stats

The Calgary housing market continues to show signs of a sustained recovery according to figures released today by the Calgary Real Estate Board (CREB®).

market in 2009.”

All city of Calgary MLS® statistics include properties listed and sold only within Calgary’s city limits.

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Comments: 1

Calgary Real Estate Market Update

Posted on January 9, 2010 by Natasha Eden

Posted in Calgary Real Estate Market

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Calgary Offers Cash Incentives to Landlords

Posted on January 2, 2010 by Natasha EDEN

Posted in Calgary cash incentives

The Secondary Suite Grant Pilot Program will run for one year starting April 2009. It offers a grant of up to $25,000 to cover 70 per cent of the costs of developing or upgrading a legal secondary suite.

Read