It was a pleasure working with Barry and Carol on the sale of their Valley Ridge bungalow. There were amazing to work with - we made a great team. I am so glad that they felt their experience was so positive.
Thinking of buying or selling? Give me a call and we will work together to get positive results.
Gerard at 403-703-5548
The Calgary real estate market is currently experiencing a period of balanced conditions with some areas showing a cooling trend. While detached home prices are relatively stable, semi-detached homes are experiencing price gains, particularly in the City Centre. Inventory levels are increasing, providing more options for buyers, but this has also led to slower price growth, especially in the apartment and row-style home segments.
Key Observations:
Detached Homes:
Benchmark price is holding steady at $764,300, with a balanced market, although sales are down year-over-year.
Semi-Detached Homes:
Prices are up 1% to $696,400, with City Centre homes hitting record prices.
Inventory:
Increased supply across all property types, with row and apartment style homes showing particularly high inventory levels compared to long-term trends.
Sales:
Sales activity is down year-over-year for most property types.
Price Trends:
While some areas are seeing price gains, overall price growth is slowing down, particularly for apartment and row-style homes due to increased inventory.
Buyer's Market:
The increased inventory and slowing price growth are creating a more balanced market, potentially giving buyers more negotiating power.
Economic Factors:
Uncertainty in the global economy and trade policies, along with fluctuating interest rates, are impacting consumer confidence and investment, contributing to slower sales in some housing markets.
In summary: The Calgary real estate market is in a state of transition, with a shift towards more balanced conditions. While some areas are still experiencing strong price growth, others are seeing slower price increases and increased inventory, making it a more favorable time for buyers.
The Calgary real estate market is currently experiencing a shift towards a more balanced market, with inventory levels increasing and sales slowing down compared to previous years. While some property types are seeing price gains, others are experiencing declines. Overall, the market is influenced by factors like economic uncertainty, fluctuating interest rates, and increased inventory.
Key Trends:
Increased Inventory:
Inventory levels are rising, particularly for row and apartment-style homes, returning to levels seen before the recent surge in population growth.
Sales Slowdown:
Sales activity has decreased compared to previous years, with some property types experiencing significant year-over-year declines.
Price Fluctuations:
While some property types, like semi-detached homes, are seeing price increases, others, like apartments and row homes, are experiencing price declines.
Shifting Market Dynamics:
The increase in inventory and slower sales are creating a more balanced market, giving buyers more negotiating power.
Economic Uncertainty:
Factors like global economic uncertainty, fluctuating interest rates, and changing immigration policies are impacting buyer confidence and market activity.
Property Type Specifics:
Detached Homes:
Benchmark prices remain relatively stable, but sales activity varies by area, with some districts seeing gains.
Semi-Detached Homes:
Prices are up, with some areas, like the City Centre, reaching record prices, but inventory is limited.
Townhouses and Apartments:
These property types are seeing the biggest increases in inventory and are more susceptible to price declines due to increased supply.
Tips for Buyers and Sellers:
Buyers:
Consider getting into the market sooner rather than later, as interest rates are expected to come down, potentially increasing competition.
Sellers:
Be patient and realistic about pricing, as the market is shifting towards more balanced conditions.
Give me a call and we can chat about how the real estate market is impacting your property and design a plan that works for you. Gerard at 403-703-5548
I have listed a new property at 271 Valley Pointe WAY NW in Calgary. See details here
Nestled in one of Calgary's best-kept secrets, Valley Ridge, this exquisite two-storey home is a must-see! As you step inside, you'll be greeted by a spacious foyer featuring bench seating and ample closet space. The open-concept design seamlessly connects the kitchen, dining room, and living room, creating a well-appointed space perfect for both relaxation and entertainment. Highlights include Hardie-board siding, air conditioning, high ceilings throughout with coffered ceilings in the living room, expansive windows allowing for abundant natural light, elegant, engineered hardwood flooring, quartz countertops throughout the home all with tasteful décor and thoughtfully chosen furnishings that perfectly complement the space. The kitchen is a chef's delight, boasting generous counter space and cabinets, stainless steel appliances, a breakfast bar/island, and an oversized walk-in pantry complete with a stand-up refrigerator/freezer and plenty of shelving. The living room, adorned with large south-facing windows, features a beautiful gas fireplace framed by lovely ceramic tile. From the dining room, step out onto the composite deck to enjoy warm summer evenings while entertaining friends and family. The mudroom provides a convenient bench and ample shelving for your belongings, and a half bath rounds out the main floor. On the upper level, you'll find a spacious bonus room with large windows that invite natural light. The primary suite is a true retreat, featuring tray ceilings, a large walk-in closet and a luxurious five-piece ensuite. There are also two additional bedrooms, one with a walk-in closet, along with a four-piece bath and laundry room completing this floor. The fully finished lower level includes a recreational room, an exercise room, a generously sized fourth bedroom with a walk-in closet, and a three-piece bathroom. Outside, a complete maintenance free front and back yard with composite front steps porch and rear deck including artificial turf (in backyard) offering a peaceful retreat. The double attached garage is heated. Located on a quiet street, you're just half a block from the numerous walking paths of Valley Ridge and have quick access to downtown and the mountains. This is a must see home; book your showing today!
SOLD in 9 days at 99% of list price.
Welcome to Your Charming Villa Bungalow. Discover this beautifully maintained air-conditioned villa bungalow, offering both comfort and functionality within the sought-after condo complex of the Highlands of Valley Ridge. One of the larger bungalows in the community with 1383 sq ft, this home showcases an open floor plan that harmonizes style with practicality. As you step through the wide foyer, you are greeted by an inviting open concept that is both spacious and cozy. The kitchen and living space boasts ample counter and cupboard space, featuring: Stainless steel appliances, kitchen island complete with a breakfast bar, granite countertops, convenient corner pantry. The living room provides a comfortable atmosphere, highlighted by a gas fireplace situated between two large windows that flood the space with natural light. The dining area seamlessly connects to the deck, creating an ideal spot for relaxation. The generously sized primary suite includes a full 4-piece ensuite and walk-in closet. Additionally, there is a second bedroom and a 4-piece bathroom, ensuring ample space for guests. A dedicated main floor laundry room, equipped with a washer and dryer, enhances the home's practicality. Descending to the basement, you'll discover a spacious bedroom with a well-appointed 4-piece bathroom, large rec room featuring a gas fireplace and a wet bar. For outdoor entertaining, take advantage of the welcoming patio. The double attached garage includes epoxy flooring. This well-managed complex also hosts an active social club, fostering a strong sense of community. With convenient access to both the city and the mountains, this move-in-ready home is eagerly awaiting your personal touch.
The Calgary real estate market is currently experiencing a shift towards more balanced conditions, with slowing price growth and increased inventory. While detached and semi-detached home prices remain strong, row and apartment prices are slightly below their 2024 peaks. Overall, the market is seeing a rise in inventory and a decrease in the sales-to-new-listings ratio, indicating a more balanced environment between buyers and sellers.
Key Trends:
Price Growth Slowing:
While benchmark prices continue to rise, the pace of growth has slowed, particularly for row and apartment-style homes.
Increased Inventory:
The number of homes available for sale has increased, leading to more options for buyers.
Sales-to-New-Listings Ratio Declining:
This indicates a shift towards a more balanced market, with less pressure on prices.
Shifting Buyer Preferences:
Buyers are showing a greater preference for detached and semi-detached homes, while row and apartment prices are experiencing more downward pressure.
Regional Differences:
The North East, North, and South East districts are seeing the largest year-over-year price declines.
If you want to know how the real estate market is impacting you, give me a call and we can chat.
Gerard at 403-703-5548
Wishing you a joyful celebration filled with pride, gratitude, and maple-syrup-sweet moments.
Today we honor the beauty, resilience, and unity of this incredible country—and the people who make it home.
Whether you’re barbecuing in the backyard, catching fireworks 🎆, or just enjoying a well-earned day off, hope it's a good one!
Proud to be a Canadian! Cheers to Canada! 🥳🍁