Please visit our Open House at 330 CIMARRON VISTA WY in Okotoks.
Open House on Sunday, October 21, 2018 2:00PM - 4:00PM Okotoks Open House tour
This inviting 2 story home has all you have been looking for: an open concept main living space, 3 + 1 bedrooms, a fully finished basement & more! The open layout allows the living room, kitchen & dining nook to flow together. The comfortable living room boasts a gas fireplace surrounded by stone, overlooking the rear deck & yard. The elegant kitchen offers stainless steel appliances, plenty of cabinets, large central island, spacious corner pantry and more! The main floor is completed by a half bath & a flex room off of the front entrance, which is ideal for a home office or playroom. Upstairs you will find a 4 pc bath & 3 spacious bedrooms including the master suite which offers the convenience of a walk-in closet & ensuite. The basement is fully finished with a family room, 1 additional bedroom, a 4 pc bath & laundry/storage room. Outside you will find a rear deck and fenced yard with a 2 car parking pad. Close to dining, shopping, parks, and playgrounds in beautiful Cimarron!
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
Read full post

Please visit our Open House at 37 CRYSTAL SHORES RD in Okotoks.
Open House on Saturday, October 13, 2018 2:00PM - 4:00PM
“Turn Key Home”! This inviting 2 story home, located in Okotoks’ only lake community, has been meticulously maintained & is in excellent condition. The main floor, flowing over light hardwood floors, is home to a den/office, living room, kitchen & dining nook. The open concept great room is ideal for entertaining and day to day living. The kitchen offers a large island, tile backsplash, stainless steel appliances, corner pantry & more. The living room features a gas fireplace & overlooks the back yard. You can access the large rear deck from the bright & sunny dining nook. The main floor is completed by a half bath & laundry/mud room. Upstairs you will find a huge bonus room plus 3 spacious bedrooms including the master bedroom boasting a walk-in closet & ensuite. The walk-out basement is fully finished with a large family room with built-in wet bar & cabinets, 1 more bedroom & a 4 pc bath. Outside you will find a double attached front garage, a spacious backyard, large rear deck & covered lower deck.
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
Read full post

The Magnussen Real Estate Team" have listed a new property at 330 CIMARRON VISTA WY in Okotoks.
This inviting 2 story home has all you have been looking for: an open concept main living space, 3 + 1 bedrooms, a fully finished basement & more! The open layout allows the living room, kitchen & dining nook to flow together. The comfortable living room boasts a gas fireplace surrounded by stone, overlooking the rear deck & yard. The elegant kitchen offers stainless steel appliances, plenty of cabinets, large central island, spacious corner pantry and more! The main floor is completed by a half bath & a flex room off of the front entrance, which is ideal for a home office or playroom. Upstairs you will find a 4 pc bath & 3 spacious bedrooms including the master suite which offers the convenience of a walk-in closet & ensuite. The basement is fully finished with a family room, 1 additional bedroom, a 4 pc bath & laundry/storage room. Outside you will find a rear deck and fenced yard with a 2 car parking pad. Close to dining, shopping, parks, and playgrounds in beautiful Cimarron!
 
Contact us for more information. 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 128 DRAKE LANDING GR in Okotoks.
Open the door to your new life & your new home! This 2015 sq ft, 2 storey home, is ideally situated on a quiet cul-de-sac, backing onto a green space, close to playgrounds, the off-leash dog park & a new school. The main floor is laid out in an open concept allowing the kitchen, dining area & living room to flow together. The kitchen boasts top of the line finishes including granite counter-tops, stainless steel appliances, full height cabinets & more. Walk through your pantry/mud room to the fully insulated, drywalled & heated garage. The living room is warm & inviting with a gas fireplace & built-in wall unit. Upstairs you will find the bonus room along with 3 big bedrooms including the master suite which boasts a large walk-in closet & a spa like ensuite bath with dual vanities & soaker tub. The basement is finished with one more bedroom, 4-piece bath & large rec room with custom built-in wall unit & fireplace. The backyard is completely landscaped including a stone patio, fire pit & large deck.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 325 BRIDLERIDGE VW SW in Calgary.
Welcome to your next home! This immaculate 2229 sq ft, fully finished 2 story sits on a large corner lot in charming Bridlewood. The main living space features an open concept layout with the kitchen, living room & dining nook flowing over gleaming walnut hardwood floors. The stunning kitchen offers a large 2-tier island with a raised breakfast bar with granite counters, tile backsplash, under cabinet lighting, 42” upper cabinets & more. The dining nook overlooks the beautiful backyard with access to the rear patio. The inviting living room features a gas fireplace with a recessed TV nook, surrounded by modern tile. The main floor also offers built-in speakers in ceiling, a power room, mud room, flex room ideal for a formal dining area or home office. Upstairs you will find a huge bonus room, laundry room plus 3 big bedrooms including the master suite. Retreat to you spa-like 5 pc ensuite & enjoy a large walk-in closet. The lower level is fully finished with a family room, 4 pc bath & 2 additional bedrooms both with a walk-in closet. The landscaped yard features underground sprinklers, stamped concrete & exposed aggregate patio, stairs & edging.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 59 CRYSTALRIDGE CL in Okotoks.
Open the door to your new home - this 1601 sq ft, fully finished 2 storey home boasts a walk-out basement and resides in Okotoks’ only lake community – Crystalridge! Located on a quiet street, close to schools, parks, playgrounds, shopping, dining & more. The main floor flows over hardwood floors and offers a formal living room, formal dining room, living room with gas fireplace opening up to the dining nook and kitchen. Access the rear deck from the dining nook, and enjoy the convenience of a ½ bath & main floor laundry room. Upstairs you will find 3 bedrooms and a family, 4 piece bath. The master bedroom boasts a bright 4 piece ensuite with a corner soaker tub and a stand alone shower. The walkout basement is fully finished with an inviting family room, a 4th bedroom, bathroom & a den/flex room. Outside you will find a double attached front garage, a beautiful yard with large trees & a large rear deck overlooking the back yard.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 148 WOODBEND WY in Okotoks.
This fully finished 4 level split on a large lot, offers all the space you need with many recent improvements. Open the front door the open concept main floor, flooded by natural light, complimented by the light color palette. The living room boasts a bay window and is adjacent to the dining area. The kitchen offers stainless steel appliances plus the convenience of a large L-shaped island perfect for quick meals and entertaining. Access the deck from the kitchen’s sliding doors. Upstairs you will find 3 big bedrooms including the master suite with a 3 piece ensuite along with a 4 pc. family bath. The spacious 3rd level is inviting with a gas fireplace & large family room with large windows that let in natural light. This floor is also home to a 3 piece bath & laundry room. The 4th level is finished with a large flex room & office. Outside you will find a double attached front garage, large yard with mature trees and an RV parking pad, a private deck to the side of the house & much more !! Call today !!
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 128 DRAKE LANDING GR in Okotoks.
Open the door to your new life & your new home! This 2015 sq ft, 2 storey home, is ideally situated on a quiet cul-de-sac, backing onto a green space, close to playgrounds, the off-leash dog park & a new school. The main floor is laid out in an open concept allowing the kitchen, dining area & living room to flow together. The kitchen boasts top of the line finishes including granite counter-tops, stainless steel appliances, full height cabinets & more. Walk through your pantry/mud room to the fully insulated, drywalled & heated garage. The living room is warm & inviting with a gas fireplace & built-in wall unit. Upstairs you will find the bonus room along with 3 big bedrooms including the master suite which boasts a large walk-in closet & a spa like ensuite bath with dual vanities & soaker tub. The basement is finished with one more bedroom, 4-piece bath & large rec room with custom built-in wall unit & fireplace. The backyard is completely landscaped including a stone patio, fire pit & large deck.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 498237 Meridian ST in Rural Foothills M.D..
First time to market, an incredible opportunity to own a 20 Acre hobby farm, centrally located on paved roads just 9 km's straight west of High River & 19 km's south of Okotoks - the gateway to Kananaskis Country. The principal residence is a completely renovated 4 bedroom, 2 full bath, four level split with over 2200 sq ft of developed living space, including all new kitchen, bathrooms, flooring, windows & doors, roof, furnace, hot water tank, air conditioning & wrap around deck w/ pergola. Well tests were completed in 2015 with optimal flow rates and water quality. The 90' x 30' barn is fully insulated, heated & plumbed, including it's own septic tank. Additional 100' x 30' work shop and large hay shed complete the property structures. All 18.76 acres are fully fenced and cross fenced with rail/page wire to accommodate ANY farm animal. Not only is a 20 acre parcel hard to come by, the additional buildings provide the infrastructure to be called a true turn key hobby farm.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 277 CRAMOND CL SE in Calgary.
Fully finished 2 storey offering 3 bedrooms, 2.5 bathrooms, and a 2 car detached garage! In addition, this property is fully landscaped complete with a large deck and fully fenced backyard. There are 3 bedrooms up with a full bathroom. The main floor has an open concept that is great for day to day living and entertaining family and friends. The kitchen features tile flooring and includes the complete black appliance package. There is a ton of natural light throughout the main floor. The lower level is developed and perfect for a media area or children's play area and has a full bathroom with heated tile flooring. If you are looking for a great first home with a garage located on a quiet street in the highly desirable community of Cranston....here is your chance!
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 1138 Centre ST in Carstairs.
Here's a grand old home that is full of character and has had some recent upgrades as well. In 2012 the seller completed the following: new shingles, new high efficient furnace, new hot water tank, the interior walls were taken down to the studs and new insulation and vapor barrier installed as well as plumbing upgraded where needed. You'll appreciate the high ceilings on the main floor and the open floor plan with hardwood throughout the main living areas. The fantastic bathroom is spacious and features a large oval jetted tub with a shower. Main floor laundry with cabinetry just off of the back entry. The large living room is great for entertaining and the wood stove will help things keep cozy (installed in 2013). Off of the dining area, go through the garden door to the west facing deck complete with aluminum railing and glass panels. All of this on a good sized corner lot centrally located in a mature area of Carstairs. Affordable option to get into the real estate market!
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 163 Nolancrest CM NW in Calgary.
Available Immediately! Carnaby Heights - Park location with City views! Brand new Jayman Townhome located in the beautiful community of Nolan Hill. This spacious air-conditioned home features 3 Beautiful Bedrooms with 2 & half baths amidst 1300+sqft of living space. Open concept with 9' main floor ceilings displays Plank Oak laminate flooring throughout, designer kitchen featuring stainless steel appliances, gorgeous Shaker Cabinets with soft close, Large Walk-In Pantry with spacious Breakfast Nook, and abundance of counterspace featuring Sake Quartz in the kitchen. Upper floor convenient Laundry. Upgraded 12x12 Tile compliments all of the Baths, Entry, Powder Room and Laundry! Enjoy the summer sun on the generous balcony facing the Interior Green Space & the Attached heated Double Tandem Garage with extra stall. Maintenance Free lifestyle with water - tankless (landscaping, snow removal, garbage pickup) provides more time to do what you enjoy. Terrific amenities within Walking Distance. Welcome Home!
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 137 CIMARRON VISTA CR in Okotoks.
This immaculate 2700+ sf, 2 story home sits on a corner lot, on a quiet crescent in Cimarron Vista – close to schools, shopping, playgrounds, dining & more! The tile foyer opens up to a formal dining room off of the kitchen. The main living space feature an open concept layout with the kitchen, living room & dining nook flowing over hardwood & plush carpet floors. The kitchen offers granite counter tops w/ raised breakfast bar, full height cabinets, dining nook & more. The inviting living room features a gas fireplace decorated with stone. The main floor is complete by a 3 pc bath & flex room. Upstairs you will find 4 big bedrooms including the huge master suite. Retreat to your spa-like 5 pc ensuite w/ soaker tub, 2 vanities & large walk-in closet. The upper floor is also home to a huge bonus room, laundry room, family 5 pc bath w/ 2 vanities. The huge pie shaped yard offers a deck, raised garden beds, flower beds, trees & more; backing onto greenspace w/ basketball courts.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 93 CIMARRON VISTA CI in Okotoks.
This remarkable home is located on a corner lot, on a quiet street, offering 2488 sq. ft. of functional living space! This home has upgrades, improvements and extra space at every corner that will make your life more comfortable and convenient. Starting with the rain water collection sprinkler system, solar powered outdoor lighting system, an extra wide driveway, an over-sized 26 X 24 garage with built-in storage, a separate mud room & more. It doesn't end there. You will be impressed by the spacious, open concept main floor. The kitchen boasts ample storage space with a wall of cupboards, stainless steel appliances & a 2 tier breakfast bar. The gas fireplace in the living room will keep you warm during the winters. Upstairs you will find a huge bonus room at the center of 3 big bedrooms. The master bedroom offers a walk-in closet & a luxurious ensuite with a dual vanity & a corner soaker tub. Outside you will find a landscaped yard with underground sprinklers, solar lights, enclosed dog run & much more.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 1154 FALWORTH RD NE in Calgary.
This inviting bi-level, located in Falconridge, has been meticulously maintained and is in excellent condition. Featuring new shingles, a new front door & new vinyl windows and much more! The main floor flows over laminate flooring with the comfortable living room boasting a floor-to-ceiling stone fireplace. You can access the front, west facing balcony from the living room. The galley style kitchen offers plenty of storage in the modern white cupboards. The sunny dining nook if flooded with natural light from the large window. On the main floor you will find 2 spacious bedrooms along with a 4 piece bath. The basement is fully finished with a large family room with a bar, 2 additional bedrooms, a 3 piece bath and laundry/storage room. Outside you will find a front facing balcony, large rear deck and fenced yard with a 2-car parking pad. Close to dining, shopping, parks and playgrounds.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 30 CIMARRON GROVE WY in Okotoks.
This Cimarron bi-level offers a great framework for someone willing to put in a little love and attention! The upper floors has an open concept main living space under vaulted ceiling, with the kitchen, living room and dining nook flowing together. The kitchen boasts a 2-tier island and tons of cupboard space. Access the large rear deck from the dining nook. The living room is bright and sunny. You will also find 2 spacious bedrooms and a main, 4 piece bath, on the upper level. The lower level is finished with a large rec room, under 10' ceilings, 1 more huge bedroom and a 4 piece bath. Ideal for a fixer-upper or revenue property! Located in Cimarron close to playgrounds, parks, pathways, schools, shopping & dining!
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
Read full post

Media release from the Calgary Real Estate Board (CREB) October 1, 2018 


With no change in the economic climate, Calgary's sales activity totaled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market.


"Calgary's economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand," said CREB® chief economist Ann-Marie Lurie. 


"At the same time, supply levels continue to remain high, resulting in persistent oversupply and price declines." 

Inventories totaled 7,941 units, pushing the months of supply to 6.25. This continuation in oversupply is placing downward pressure on prices. The unadjusted citywide benchmark price totaled $428,700 in September. This is nearly one per cent below last month and three per cent below last year's levels.


"This is the new normal of Calgary's real estate," said CREB® president Tom Westcott.


"Some potential buyers may want to take advantage of the market conditions, but they face difficulties selling their existing home based on their expectations. This prevents them from purchasing something else." 


September sales have dipped, but third quarter figures generally point towards a slower decline in sales and some easing in new listings growth. This was not enough to impact inventory levels this quarter. 


The Calgary economy continues to struggle, but there are some signs of improvement in the rental market, which could contribute to a slow reduction in overall housing supply, 


HOUSING MARKET FACTS


Detached

  • Year-to-date sales eased to 7,945 units, over 20 per cent below the 10-year average. Sales eased across all price ranges, except properties under $300,000, which posted a modest gain.  
  • Easing sales were met with some adjustments in new listings in September. However, inventories remain elevated and are higher than long-term averages in most districts. 
  • Months of supply rose to 5.5 months in September and continue to weigh on housing prices across all districts.
  • Detached benchmark prices totaled $493,100 in September. This is a 0.8 per cent decline over last month and three per cent below the previous year. 
  • Prices have trended down in most districts in September. However, on a year-to-date basis, benchmark prices remain above last year in both the City Centre and West districts. 

Apartment

  • The apartment sector has seen the slowest decline in sales at six per cent so far this year. Like the detached sector, activity remains over 20 per cent below long-term averages, totaling 2,103 sales. 
  • For the fourth month in a row, new listings have generally trended lower than levels recorded last year. This has helped reduce some of the inventory in the market compared to the previous year. 
  • However, even with some reductions in inventory levels, the market continues to remain firmly in buyer's territory when compared to the reduction in sales.
  • With more supply than demand, benchmark prices for apartment condominium continued to ease in September, declining by 0.4 per cent over last month and 2.7 per cent compared to last year.

Attached

  • The attached sector has recorded year-to-date sales of 2,814. This is 15 per cent below last year and 14 per cent below long-term averages. 
  • With no significant reduction in new listings, inventory levels remained elevated, pushing up months of supply to over seven months. 
  • Elevated levels of supply compared to demand persisted for both row and semi-detached product types. Like all other sectors, the oversupply has weighed on prices across all districts, except the City Centre, North East and East.
  • While September semi-detached benchmark prices eased, year-to-date prices remained just above last year's levels.  The recent oversupply has eroded some of the steps made toward price recovery last year.
  • Row benchmark prices have averaged $298,667 this year, nearly two per cent below last year and nine per cent below previous highs. Despite the citywide pullback, row prices have remained relatively stable in the City Centre, North West and South East districts.  

REGIONAL MARKET FACTS


Okotoks

  • Okotoks is facing supply pressures in the market due to slowing sales and increases in new listings. 
  • Despite the presence of oversupply, benchmark prices have managed to remain relatively stable in the third quarter compared to the previous quarter. At $436,422, year-to-date detached benchmark prices have averaged nearly one per cent higher than the previous year, but remain three per cent below previous highs. 

 

Media release: Persistent buyers’ market continues

City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary's sales activity totaled 1,272 

Airdrie

  • Airdrie's housing market has exhibited buyer's market conditions so far this year. This is largely due to weak economic conditions that have hindered growth in demand. This does not help alleviate excess supply and has led to a downward pressure on benchmark prices for detached homes.
  • Year-to-date total residential sales in Airdrie have declined compared to last year and sit at levels comparable to activity recorded in 2012. Meanwhile, new listings have remained elevated, causing inventories to reach new highs for September.
  • Elevated months of supply have continued to place downward pressure on prices. The year-to-date detached benchmark price averaged $371,244. This is a 1.7 per cent decline from 2017 levels and five per cent below previous highs. 

Cochrane

  • Affected by similarly weak economic conditions, the housing market in Cochrane has also experienced slight supply-side imbalances. 
  • Year-to-date sales in the town were recorded at 477 units, 59 units lower than 2017. Sales growth has been trending downward for most of the year. However, levels in 2018 are still higher than those recorded in 2015 and 2016.  
  • New listings in Cochrane have been persistently growing for most of the year and year-to-date levels are 269 units higher than long-term averages. Inventories have now reached a new September peak at 360 units, leading to elevated months of supply.
  • The oversupply in the market has started to cause prices to trend down in the third quarter.  However, it has not been enough to erase earlier gains, leaving year-to-date benchmark prices just above last year's levels. So far this year, detached prices remain four per cent below recent highs.  


units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market.

"Calgary's economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand," said CREB® chief economist Ann-Marie Lurie. 

"At the same time, supply levels continue to remain high, resulting in persistent oversupply and price declines." 

Inventories totaled 7,941 units, pushing the months of supply to 6.25. This continuation in oversupply is placing downward pressure on prices. The unadjusted citywide benchmark price totaled $428,700 in September. This is nearly one per cent below last month and three per cent below last year's levels.

"This is the new normal of Calgary's real estate," said CREB® president Tom Westcott.

"Some potential buyers may want to take advantage of the market conditions, but they face difficulties selling their existing home based on their expectations. This prevents them from purchasing something else." 

September sales have dipped, but third quarter figures generally point towards a slower decline in sales and some easing in new listings growth. This was not enough to impact inventory levels this quarter. 

The Calgary economy continues to struggle, but there are some signs of improvement in the rental market, which could contribute to a slow reduction in overall housing supply, 

HOUSING MARKET FACTS

Detached

  • Year-to-date sales eased to 7,945 units, over 20 per cent below the 10-year average. Sales eased across all price ranges, except properties under $300,000, which posted a modest gain.  
  • Easing sales were met with some adjustments in new listings in September. However, inventories remain elevated and are higher than long-term averages in most districts. 
  • Months of supply rose to 5.5 months in September and continue to weigh on housing prices across all districts.
  • Detached benchmark prices totaled $493,100 in September. This is a 0.8 per cent decline over last month and three per cent below the previous year. 
  • Prices have trended down in most districts in September. However, on a year-to-date basis, benchmark prices remain above last year in both the City Centre and West districts. 

Apartment

  • The apartment sector has seen the slowest decline in sales at six per cent so far this year. Like the detached sector, activity remains over 20 per cent below long-term averages, totaling 2,103 sales. 
  • For the fourth month in a row, new listings have generally trended lower than levels recorded last year. This has helped reduce some of the inventory in the market compared to the previous year. 
  • However, even with some reductions in inventory levels, the market continues to remain firmly in buyer's territory when compared to the reduction in sales.
  • With more supply than demand, benchmark prices for apartment condominium continued to ease in September, declining by 0.4 per cent over last month and 2.7 per cent compared to last year.

Attached

  • The attached sector has recorded year-to-date sales of 2,814. This is 15 per cent below last year and 14 per cent below long-term averages. 
  • With no significant reduction in new listings, inventory levels remained elevated, pushing up months of supply to over seven months. 
  • Elevated levels of supply compared to demand persisted for both row and semi-detached product types. Like all other sectors, the oversupply has weighed on prices across all districts, except the City Centre, North East and East.
  • While September semi-detached benchmark prices eased, year-to-date prices remained just above last year's levels.  The recent oversupply has eroded some of the steps made toward price recovery last year.
  • Row benchmark prices have averaged $298,667 this year, nearly two per cent below last year and nine per cent below previous highs. Despite the citywide pullback, row prices have remained relatively stable in the City Centre, North West and South East districts.  

REGIONAL MARKET FACTS

Airdrie

  • Airdrie's housing market has exhibited buyer's market conditions so far this year. This is largely due to weak economic conditions that have hindered growth in demand. This does not help alleviate excess supply and has led to a downward pressure on benchmark prices for detached homes.
  • Year-to-date total residential sales in Airdrie have declined compared to last year and sit at levels comparable to activity recorded in 2012. Meanwhile, new listings have remained elevated, causing inventories to reach new highs for September.
  • Elevated months of supply have continued to place downward pressure on prices. The year-to-date detached benchmark price averaged $371,244. This is a 1.7 per cent decline from 2017 levels and five per cent below previous highs. 

Cochrane

  • Affected by similarly weak economic conditions, the housing market in Cochrane has also experienced slight supply-side imbalances. 
  • Year-to-date sales in the town were recorded at 477 units, 59 units lower than 2017. Sales growth has been trending downward for most of the year. However, levels in 2018 are still higher than those recorded in 2015 and 2016.  
  • New listings in Cochrane have been persistently growing for most of the year and year-to-date levels are 269 units higher than long-term averages. Inventories have now reached a new September peak at 360 units, leading to elevated months of supply.
  • The oversupply in the market has started to cause prices to trend down in the third quarter.  However, it has not been enough to erase earlier gains, leaving year-to-date benchmark prices just above last year's levels. So far this year, detached prices remain four per cent below recent highs.  

Okotoks

  • Okotoks is facing supply pressures in the market due to slowing sales and increases in new listings. 
  • Despite the presence of oversupply, benchmark prices have managed to remain relatively stable in the third quarter compared to the previous quarter. At $436,422, year-to-date detached benchmark prices have averaged nearly one per cent higher than the previous year, but remain three per cent below previous highs. 

 

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

- 30 -

For more information, please contact: 

Terence Leung 
Supervisor, External Relations & Media
Phone: 403-781-1349
Email: terence.leung@creb.ca

 

 

 

 

 

 

Read full post

The Magnussen Real Estate Team" have listed a new property at 137 CIMARRON VISTA CR in Okotoks.
This immaculate 2700+ sf, 2 story home sits on a corner lot, on a quiet crescent in Cimarron Vista – close to schools, shopping, playgrounds, dining & more! The tile foyer opens up to a formal dining room off of the kitchen. The main living space feature an open concept layout with the kitchen, living room & dining nook flowing over hardwood & plush carpet floors. The kitchen offers granite counter tops w/ raised breakfast bar, full height cabinets, dining nook & more. The inviting living room features a gas fireplace decorated with stone. The main floor is complete by a 3 pc bath & flex room. Upstairs you will find 4 big bedrooms including the huge master suite. Retreat to your spa-like 5 pc ensuite w/ soaker tub, 2 vanities & large walk-in closet. The upper floor is also home to a huge bonus room, laundry room, family 5 pc bath w/ 2 vanities. The huge pie shaped yard offers a deck, raised garden beds, flower beds, trees & more; backing onto greenspace w/ basketball courts.
 
Contact us for more information. 
Read full post

Please visit our Open House at 37 CRYSTAL SHORES RD in Okotoks.
Open House on Saturday, September 15, 2018 2:00PM - 4:00PM Stop by and see this turn key home in Okotoks only lake community
“Turn Key Home”! This inviting 2 story home, located in Okotoks’ only lake community, has been meticulously maintained & is in excellent condition. The main floor, flowing over light hardwood floors, is home to a den/office, living room, kitchen & dining nook. The open concept great room is ideal for entertaining and day to day living. The kitchen offers a large island, tile backsplash, stainless steel appliances, corner pantry & more. The living room features a gas fireplace & overlooks the back yard. You can access the large rear deck from the bright & sunny dining nook. The main floor is completed by a half bath & laundry/mud room. Upstairs you will find a huge bonus room plus 3 spacious bedrooms including the master bedroom boasting a walk-in closet & ensuite. The walk-out basement is fully finished with a large family room with built-in wet bar & cabinets, 1 more bedroom & a 4 pc bath. Outside you will find a double attached front garage, a spacious backyard, large rear deck & covered lower deck.
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
Read full post

Please visit our Open House at 128224 386 AV W in Rural Foothills M.D..
Open House on Sunday, September 16, 2018 2:00PM - 4:00PM
This gorgeous 2 storey home is set against the backdrop of the beautiful Foothills, minutes outside of Black Diamond. The open concept great room offers a functional living space with top of the line finishings. The main floor, flowing over hardwood floors, features a gourmet kitchen with granite counters, stainless steel appliances & a large island with breakfast bar. The living room boasts an inviting gas fireplace & built-in entertainment unit. Access the rear deck off the dining area to enjoy the glorious mountain view. The main floor is completed by a den/office behind French doors, laundry/mud room & powder room. Your oversized triple car garage can be access from the mud room. Upstairs you will find a bonus room, 4 pc bath & 4 big bedrooms including the impressive master suite which features a luxurious ensuite with a soaker tub, tile/glass shower, double vanity & walk-in closet w/ organizer. Enjoy 5 acres w/ pastures & horse shelters. Young trees will soon mature to provide shade & privacy.
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
Read full post
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.