The Magnussen Real Estate Team" have listed a new property at 7 Cimarron HL in Okotoks.
This beautifully updated split level home is ideally located on a quiet street in Cimarron; walking distance to a variety of schools & close to the Sheep River escarpment & walking paths. The bright & sunny main floor flows over hardwood floors, under vaulted ceilings, offering a living room, dining area, kitchen, a second living room with gas fireplace surrounded by built-in cabinets & a half bath/laundry room off of the garage. The eat-in kitchen boasts granite countertops, stainless steel appliances, updated cabinets offering tons of storage space & access to the rear deck. Upstairs you will find 3 bedrooms including the large master suite which features a walk-in closet & 4 piece ensuite. The basement is fully finished offering a rec room, 4th bedroom with walk-in closet & storage space. This gorgeous lot backs onto an alley & offers RV parking with an RV gate built into the rear fence. The yard boasts mature landscaping, underground sprinklers, a composite deck with vinyl railing & more.
 
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The Magnussen Real Estate Team" have listed a new property at 903 WOODSIDE WY NW in Airdrie.
This immaculate bungalow, backing onto Woodside Golf Course, offers 1440 sq ft with many features to make life easier and more comfortable for people with mobility concerns. The main floor boasts hardwood floors & carpet floors under vaulted ceilings. The main living space offers an open concept layout allowing the kitchen, living room and dining nook all flow together. Enjoy the warmth of the 3-way gas fireplace, tons of natural light and more. Off of the dining nook, you can easily access the rear deck made of composite decking & vinyl railing, and enjoy the large brick patio overlooking the 11th hole, with perennial flowerbeds. The large master suite boasts a huge walk-in closet & a 5 pc ensuite bath. The main floor is completed by a den/office/dining room at the front of the home, a 4 piece bathroom with a jetted walk-in bathtub, and a laundry/mud-room off of the garage. Comes with vacuum system, drinking water filtration system & an electric chair lift in the garage (accommodating up to 300lb.)
 
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The Magnussen Real Estate Team" have listed a new property at 286 Mountainview DR in Okotoks.
Check out this gorgeous 4 bedroom/2.5 bath home located in sought after Mountainview. This home impresses with it’s high-end finishings, open concept layout & convenient features. The spacious foyer leads to an open concept great room, with the kitchen, living room & dining room flowing together. The gourmet kitchen is complete with stainless steel appliances, custom maple cabinets, granite counters & a walk-through butler’s pantry that connects to the mudroom. Upstairs you will find a spacious bonus room, laundry room, 4 pc. family bath plus 4 big bedrooms (all with walk-in closets) including the huge master suite boasting a double door WALK-THROUGH closet & a luxurious 5 pc ensuite. The sunny south facing backyard offers a 2-tier composite deck, is fully fenced. More features include high-end Hunter Douglas blinds, central vac, BBQ gas line, 50-gallon HWtank. The basement is unfinished & awaiting your ideas. This great location is close to walking paths, playground, golf & more in a fantastic community.
 
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The Magnussen Real Estate Team" have listed a new property at 420 SPRING HAVEN CO SE in Airdrie.
Welcome to your next home! This bright & sunny bi-level has been extensively updated & renovated, offering a warm inviting modern farmhouse feel with new high-end wide plank laminate flooring, custom rustic shelves throughout & more. The main floor offers a comfortable living room, dining room & kitchen plus 2 bedrooms & 4 pc bath. The kitchen has been updated with new countertops, faucet, sink & light fixtures plus freshly painted cabinets. The lower level is fully finished with a rec room plus 3 more bedrooms & a 3 pc bath. The beautiful yard is spacious, offering a large deck, fruit-bearing trees, garden beds & plenty of space for kids or pets, backing onto greenspace. NEW shingles, new hot water tank, new vinyl windows & exterior doors, new interior doors, new light fixture throughout, freshly painted, new trim & baseboards throughout and so much more - see supplements for a full list of reno’s & improvements. Located on a cul-de-sac and backing onto greenspace with a new playground!
 
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The Magnussen Real Estate Team" have listed a new property at 17 Cimarron Springs CO in Okotoks.
Welcome to your next home! This 2 story home is ideally located on a cul-de-sac in Cimarron Springs - close to shopping, parks, pathways, schools & more - complete with a walkout basement! The main floor boasts 9' ceilings & hardwood flooring with an open concept layout. The gourmet kitchen offers beautiful upgraded cabinetry, granite countertops, a large island & a walk-through pantry connecting to the mudroom. The living room offers the warmth of a tiled gas fireplace & built-in shelves with a TV nook. The spacious breakfast nook leads to your deck, overlooking the back yard. Upstairs you will find 3 big bedrooms including the master suite which features a large walk-in closet & a 5 pc ensuite with dual sinks, a tile shower & soaker tub. The upper floor is completed by a family 4 pc bath & an impressive bonus room with vaulted ceiling & a wet bar. The lower walk-out lower level has plumbing roughed-in, oversized windows & 9' ceilings making it ideal for development.
 
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The Magnussen Real Estate Team" have listed a new property at 25 CIMARRON SPRINGS RD in Okotoks.
Welcome to your next home… This fully finished 2 story home sits on a quiet street in Cimarron Springs Estates. The main floor features tile & hardwood floors with an open concept layout, allowing the living room, kitchen & dining area to flow together. The updated kitchen boasts 2-tone cabinets, quartz counters, a larger corner pantry & more. The dining nook offers more cabinets along with a built-in desk and offers access to the large rear deck. The main floor is completed by a den/office with a sliding barn door, built-in shelves & a half bath. Upstairs you will find a spacious bonus room along with 3 big bedrooms including the master suite, which offers a 4 pc ensuite & walk-in closet. The laundry room is conveniently located on the upper level. The lower level is fully finished with 9’ ceilings, efficient in-floor heat, 1 more bedroom, a family room & bath. Enjoy being close to pathways, parks, school, shopping & more.
 
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The Magnussen Real Estate Team" have listed a new property at 3 Cimarron WY in Okotoks.
This well-kept home is ideally located on a quiet street in Cimarron Hill, situated on a large lot with mature trees, an RV parking pad & much more. Major updates include new shingles, new vinyl windows & doors throughout, a new furnace with a humidifier & air conditioning, new garage heater & more. Under soaring vaulted ceilings & over hardwood floors, the formal living room & dining room are divided from the large eat-in kitchen. The bright & sunny kitchen offers stainless steel appliances & access to the tiered rear deck made from composite decking & vinyl railing. Step down to the inviting living room with a wood-burning fireplace. The main floor is completed by a laundry room/bathroom. Upstairs you will find 3 bedrooms including the master suite with a walk-in closet & 3 pc ensuite. The lower level is fully finished with a spacious & comfortable rec room, a 4th bedroom & 4 pc bath. The double attached garage is heated & offers more storage.
 
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The Magnussen Real Estate Team" have listed a new property at 60 CRYSTAL SHORES HL in Okotoks.
This beautiful 2 story home is ideally located on a quiet street in Crystal Shores with lake access! The main floor offers an inviting living room, an eat-in kitchen with maple cabinets, stainless steel appliances, an island with raised eating bar, corner pantry, and access to the rear deck off of the dining area. The main floor is completed by a laundry room/half bath combo. Upstairs you will find laminate flooring, a 4 piece family bath along with 3 big bedrooms including the large master with 4 piece ensuite. The basement was professionally developed with a family room and a large bedroom with its own ensuite. The home also features central air conditioning for your comfort. This great family home is complete with an insulated 24' x 24' garage - room for 2 vehicles and still some room for storage. Enjoy the many parks, pathways & activities in and around this community!
 
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The Magnussen Real Estate Team" have listed a new property at 58 CRYSTAL GREEN WY in Okotoks.
This beautiful 2 storey home is located on a quiet, family-friendly street backing onto the 9 tee box at Crystal Ridge Golf Course. The main floor has an open concept layout, with the kitchen, living room & dining room to flow together. The inviting living room offers soaring ceilings, golf course views & a 3-way gas fireplace. The spacious kitchen features granite counters, stainless steel appliances including a gas range & a walk-through pantry. The main floor is completed by a den/office, a half bath & laundry/mudroom off of the garage. Upstairs you will find 3 big bedrooms, a spacious bonus room boasting a mountain view & 4 pc bath. The master suite features a 5 pc ensuite including dual sinks, large soaker tub & an oversized shower. The basement is fully finished with a rec room including an impressive bar with 2 beverage fridges, another room & 3 pc bath. Outside is a 3-tiered deck, with trees on both sides, with a golf course view. Conveniently located close to schools, dog park, shopping & dining.
 
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The Magnussen Real Estate Team" have listed a new property at 112079 273 AV E in Rural Foothills County.
Beautiful, well-kept bungalow sitting on 4.7 acres with a small barn, double detached garage. The bathrooms and kitchen have been fully renovated. 2 bedrooms on the main floor, 4 pc bath, living room, over hardwood floors. Fully finished walk-out basement with rec room, 2 more bedrooms, 4 pc bath & laundry room.
 
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The Magnussen Real Estate Team" have listed a new property at 120 Westland VW in Okotoks.
Welcome to this immaculate home, located on a cul-de-sac, backing onto greenspace & walking paths, offering an UNBELIEVABLE VIEW of the Town! The covered front porch leads to a spacious foyer w/ tile insert in the hardwood flooring. The open concept great room allows the kitchen, living room & dining area to flow together. Enjoy the gourmet kitchen including stainless steel appliances, gas range, walk-through butler’s pantry, granite countertops, a huge island & more. The living room offers is warmed by a gas fireplace. The main floor is completed by a den/office, half bath & mudroom off of the 4 car garage. The heated garage is a triple with a tandem bay ideal for a workshop & offering tons of storage. Upstairs is a bonus room w/ vaulted ceiling, along w/ 3 big bedrooms including the master suite which boasts a spa-like 5 pc ensuite, walk-in closet & a trayed ceiling. The upper floor also offers 4 pc bath & laundry room. The lower walk-out lower level is unfinished & awaiting your ideas. A MUST SEE HOME!
 
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Please visit our Open House at 95 DRAKE LANDING CR in Okotoks.
Open House on Sunday, February 9, 2020 1:00PM - 3:30PM
Offering 2000+ sq ft of living space, this beautiful 3-bed, 2.5-bath home is located on a quiet, family-friendly street in the sought after community of Drake Landing. The main floor has an open concept layout, allowing the kitchen, living room & dining room to flow together. The living room offers a gas fireplace with a stone & shiplap feature wall. The spacious & functional kitchen features granite countertops, stainless steel appliances including a glass cooktop & a walk-through pantry. The main floor is completed by a half bath, large foyer & mudroom off of the over-sized, heated garage. Upstairs you will find the spacious bonus room complete with a built-in office/desk, laundry room, 4 pc bath, 3 big bedrooms including the master suite which offers a walk-in closet & ensuite with dual sinks & a large shower. The basement is partially finished with drywall and electrical. Outside is a tiered deck with a pergola, fully irrigated yard. Conveniently located close to schools, dog park, shopping & dining.
 
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The Magnussen Real Estate Team" have listed a new property at DRAKE LANDING CR in Okotoks.
Offering 2000+ sq ft of living space, this beautiful 3-bed, 2.5-bath home is located on a quiet, family-friendly street in the sought after community of Drake Landing. The main floor has an open concept layout, allowing the kitchen, living room & dining room to flow together. The living room offers a gas fireplace with a stone & shiplap feature wall. The spacious & functional kitchen features granite countertops, stainless steel appliances including a glass cooktop & a walk-through pantry. The main floor is completed by a half bath, large foyer & mudroom off of the over-sized, heated garage. Upstairs you will find the spacious bonus room complete with a built-in office/desk, laundry room, 4 pc bath, 3 big bedrooms including the master suite which offers a walk-in closet & ensuite with dual sinks & a large shower. The basement is partially finished with drywall and electrical. Outside is a tiered deck with a pergola, fully irrigated yard. Conveniently located close to schools, dog park, shopping & dining.
 
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The Magnussen Real Estate Team" have listed a new property at 214 7239 SIERRA MORENA BV SW in Calgary.
This bright and clean SW facing corner unit boasts a titled parking stall in the heated underground parkade, a partial mountain view and more! Flooded with natural light, this 2 bedroom + 2 bathroom condo features hardwood throughout with an open concept layout, in-suite laundry with full-size laundry pair, a den that can be utilized as an office, dining room or living space, an ensuite bath, in-suite storage room, and an enclosed deck/sunroom. All of this ideally located close to Westhills shopping center with many dining, grocery, and retail options and close to public transportation. This 50+ building offers the benefits and convenience of a recreation room, hot tub, exercise room, car wash, a guest suite, party room, and a workshop.
 
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The following is a summary from our attendance at the Calgary Real Estate Board's Annual Forecast workshop:


2019 IN REVIEW


The biggest economic changes that impacted real estate in 2019 was mortgage rates & mortgage rules as well as job growth (4% job growth over 2018). 

The lower end of the market was experiencing stability, while the higher end of the market was suffering. 

There was a palpable shift towards “more affordable” living in light of job loss, wage decreases, economy struggling, etc. A fundamental change in consumer preferences, resulting in more cautious spending. Consumers are making fewer large purchases and when they do, including investing, they make these decisions with more caution. 

Household incomes are 7% lower on average than they were in 2014. 


There has been a 10% price decrease across the entire Calgary & area real estate market since 2014.



2020 FORECAST


The economy is expected to continue to struggle. 

The real estate market in Calgary and surrounding areas such as Okotoks, Airdrie, Cochrane and more will continue to favor the buyer.

Economists expect re-sale home sales start to improve slightly with modest growth following a weak 2019. 

The general expectation is cautious optimism that the TMX pipeline will get built, eventually... And when it does that this will be a definite source for improvement in the real estate market. 

Employment levels are not expected to change very much.

In terms of population growth, we still have more people moving to Alberta than leaving; but at a lower level than “booming” times. Now it is at more comparable levels to other cities with “normal” population growth.

Rental market vacancy rates are starting to decline.

Bank of Canada interest rates are expected to maintain or cut rates - encourages sales activity. This creates a favorable lending environment for the spring real estate market.

Supply (# of resale homes on the market) reductions are expected throughout 2020. Inventory is still higher than normal but is expected to come down.

New home sales - the bulk of new home starts are in the apartment sector.

There has been a 10% price decrease across the entire Calgary, Okotoks & area real estate market since 2014. All home sectors continue to be over-supplied (detached, attached & condo). The pace of decline should start to ease this year.

Risks - global concerns/US economy creating anxiety amongst companies and investors, energy price volatility, government cuts to education and health care which have been sectors with the healthiest growth in recent years, the mortgage stress tests, the number of new home starts competing with resale homes.

In consumer behaviors and feedback we see that homeownership is still about more than just an investment - it is about housing stability, lifestyle, personal investment, cost certainty and more.


CONTACT US


If you have any questions or would like to discuss this information we would be happy to chat over the phone, or schedule a coffee meeting. 



Want to know what your home is worth today?


For a free, no-obligation CMA Comparative Market Analysis for your property please contact Jay Magnussen or Savannah Magnussen

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The Magnussen Real Estate Team" have listed a new property at 1109 200 COMMUNITY WY in Okotoks.
This charming ground floor condo offers 2 bedrooms + 2 bathrooms in the 55+ Calvanna Complex. Immaculate and beautifully presented, this unit offers hardwood floors, a spacious kitchen with maple stained cabinets, white appliances, and a large pantry. The inviting open concept dining/living room is bright and offers access to the outside patio where you can enjoy your morning coffee. The master bedroom offers a walk-through closet to the ensuite bath. In the underground, heated parkade you will have one assigned parking stall & extra storage space in the locker. This is a great complex with lots of social activities taking place if you wish to join in. Located just a short walk to shops, dining, grocery, the indoor walking track & twin arenas, Okotoks’ seniors' center, and the sheep river pathways. View the 3D Virtual Tour!
 
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The Magnussen Real Estate Team" have listed a new property at 3401 310 12 AV SW in Calgary.
The largest penthouse condo @ Park Point, located on Central Memorial Park downtown, boasts an open concept layout coupled with premium finishes for luxury living. Enjoy the streamlined modern living space where quality is paramount. Here you will find distinctive details such as herringbone maple hardwood floors, marble countertops w/ full slab marble backsplash in the kitchen, heated floors, marble-topped vanities & glass showers in the bathrooms, European kitchen cabinetry, top of the line appliances & hardware, motorized window coverings, steam shower, custom closet organizer, a wrap-around balcony w/ mountain & downtown views, private double garage (and so much more) to make your living, dining and workspaces one harmonious experience. This beautiful & elegant condo must be seen to be appreciated. Enjoy 24-hour concierge service, a beautiful Zen Terrace, indoor/outdoor hospitality room w/ fire pit, storage, a fully-equipped fitness center & more.
 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 46 CIMARRON HL in Okotoks.
Beautiful, quiet, established neighborhood ! This spotless, 4 level split is located in one of Okotoks most peaceful streets, close to the escarpment pathways, river valley, schools and shopping. The main floor features a large living room / dining area along with a recently renovated kitchen (with quartz countertops, new appliances and tile backsplash) and dining nook under vaulted ceilings. 3 steps down to the lower level you'll find the family room (with gas fireplace), the third bedroom and a 2 pc. bath. Upstairs there are 2 bedrooms, including the master with a 3 pc. ensuite and an open loft looking over the living room and a family 4 pc. bath. The basement is fully developed with a large media area and huge recreation room along with the mechanical / storage area. There is a large double attached front garage, rear deck, shed and RV parking spot.
 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 303 KILLARNEY GLEN CO SW in Calgary.
Welcome to your next home! This beautiful townhouse is ideally located in the desirable community of Killarney - close to Mount Royal University, close to trendy Marda Loop, and an easy commute downtown. This unit has been renovated including a wall removed to create an open concept layout, maple engineered hardwood floors, kitchen reno includes: new cabinets, new countertops, new stainless steel appliances, a lovely breakfast nook with bench (storage below), LED lighting & much more. Upstairs you will find 2 big bedrooms including the large master bedrooms along with a renovated 4 piece bath featuring a clawfoot tub. The fully finished basement offers a spacious & inviting family room with a fireplace, storage, and laundry room. There is a back deck for relaxing and grilling. There is ample street parking along with the assigned and 'rented' parking that accompanies this unit.
 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 955 PRESTWICK CI SE in Calgary.
This charming 2 story house is located on a quiet street in desirable McKenzie Towne features low maintenance vinyl plank flooring, 3 bedrooms and much more! The spacious and inviting living room features a gas fireplace and tons of natural light. The bright kitchen offers maple cabinets, stainless steel appliances, a corner pantry and open ups to the large dining area. The back entry has storage and offers access to the rear deck and garage. The main floor is completed by a half bath. Upstairs you will find a 4 piece family bath along with 3 big bedrooms including the extra-large master suite with a 4 piece ensuite and dual closets. The partially finished basement is framed with electrical completed. The large west facing backyard features a huge deck, great for entertaining and an oversized double detached garage with workshop.
 
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