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.
Magnussen Real Estate Team presents our Annual Oilers Home Opener BBQ!
Come cheer on the Okotoks Jr. A Oilers in AJHL action at their home opener and stop by early to get a BBQ hot dog & pop for a donation to the Foothills AIM Society.
Sept 21 BBQ @ 6:00 pm, Game @ 7:00 pm
Pason Centennial Arenas located at 200 Community Way, Okotoks
Visit RE/MAX Realtor & member of Magnussen Real Estate Team, Neil Donnelly at 30 Cimarron Grove Way in Okotoks on Saturday, July 14 for free pop, water & gourmet cupcakes from Brown Sugar Bake Shop! Check out this awesome starter home which, with a little TLC, could be a great revenue property or fixer-upper!!! Calling all handymen!
I love making lists! They keep me organized and prioritized. I keep lists in my iPhone of favorite TV shows, movies I want to see, work to-do's, checklists for packing, grocery lists and oh yes - my Summer Bucket List!
As a mom of 3 busy boys I've 'accidentaly on purpose' currated a list of kid-friendly activities - thing we have done and want to do again, or new things to try - during the summer months. At times I have shared my "Summer Bucket List" with friends or on social media and had an overwhelmingly positive reaction and I've always found it helpful in guiding our summer to ensure we get out and explore!!! So I figured why not take it one step further, add some links, build out the list of tried and true activities and share with some more explorers!
Please email me if you have something to add to the list! I love hearing about things to do!
Walk, bike or jog the extensive pathway system in Okotoks
Climb the Big Rock / Okotoks erratic
Saturday, August 18 - 12:00 - 3:00 PM - 4th Annual Pop Up in The Park - a free event open to all Okotoks families to celebrate local talent with fantastic stage performances. This year's location is at Minue Park in Westmount, surrounded by Westmount Way and Westland Street.
Okotoks Spray Park & Skate Park
Picnic at The Piano - enjoy a free, noon-hour outdoor concert at the Olde Towne Plaza (( see dates ))
Explore St. Patirck's Island - wilderness setting with a playground, picnic area, low rise channel for river access, boardwalk, bridge access to East Village & more!
Bike & picnic in Fish Creek Park (( maybe stop by Annies Cafe for an ice cream cone?! ))
Participating Ciniplex Theaters will be screening "Family Favourites" on Wednesday mornings during July & August for $ 2.99 admission - click here for more info
"Take a Kid to The Course" - kids 16 & under golf free with a paid adult at participating courses, severl in Calgary and Okotoks
Mini Masters for KidSport Okotoks - Saturday Aug 25 @ Crystalridge Mini Golf Course (( all mini golf proceeds will be donated to KidSport Okotoks + kids 16 & under can enter to win an iPad mini ))
Discovery Canyon Park in Red Deer - beach area, lazy river with tube rentals, concession, playground & more (( leave the K9's at home though, no dogs allowed ))
Canmore's Elevation Place - offering a large pool, climbing wall & more!
Family Day 2018 is Monday, February 19 and plenty of people opt to take off the Friday before to extend their long weekend so here are some suggestions for activities and events in and around Calgary and Okotoks!
There are 2 very important changes coming soon to the mortgage and real estate industry.
These changes are going to cost consumers more so it's in your best interest to know what the changes are and how the timing works.
1 - The first change is an increase to CMHC mortgage default insurance premiums on anyone that puts down less than 10%. When you purchase a home for less than 20% down it is required that you have your house insured with CMHC or one of the private insurers. Right now if your downpayment is less than 10% you would be charged 3.15% for the insurance. On June 1st this is moving to 3.60%. In dollar amounts you are looking at an increase of $450 for every $100,000 of mortgage.
2 - The second change is directly associated with your closing costs and fees. The Alberta government has increased the cost of closing and registering your mortgage in Alberta. For a $400,000 purchase with 5% downpayment, the fees to register your mortgage go from $258.74 to $1102.42. This is a 426% increase in cost. This change is set to take place on July 1st.
One more important thing to know about these 2 changes is how the implementation date affects you. With the insurance premium increase, as long as you have your mortgage in and approved by an insurer by June 1st you get the old rates. Even if your mortgage closes in the Fall, as long as it is approved before June 1st you are okay.
The registration fees are different. You are charged the fee based on when your mortgage is actually registered. So if land titles is 2 weeks behind, highly likely, then anything that closes mid to late June will probably end up with the higher fees. Timing will be important either way to avoid the higher costs.
For more information, or if you have questions about your upcoming real estate purcahse email us.
This special report release by the National Bank of Canada summarizes: The oil price slide has made a serious dent in sales of existing homes in Alberta and Saskatchewan. The Canadian Real Estate Association reports that the seasonally adjusted number of homes sold in these two provinces in January was down 33% from November. Elsewhere in Canada the decline was 3%.
''The oil price slide has crimped the Alberta home-resale market.''
In Alberta, January sales were the lowest since November 2010; in Saskatchewan, they were the lowest since August 2010. In just two months, Alberta’s ratio of new listings to sales has soared from a tight-market reading to a buyer’s-market reading. January sales were down 28% from a year earlier in Alberta and down 22% from a year earlier in Saskatchewan. In the rest of Canada sales were up 3.8% from a year earlier.
Unfortunately, potential buyers don’t care about how long you obsessed over choosing the perfect bathroom tiles, or the number of contractors you interviewed to make the perfect built-in shelves. To the buyer, those items may not matter to the value of the home, even if you think they should. Your taste may differ from the buyer.
Price, Location, Condition - in that order.
When it’s time to sell, you have to price your home RIGHT from the start, using tangible factors and real market stats, as opposed to your sentiments about the home.
Here are 5 rules to remember:
1. Price is paramount
Ultimately, above all else, the listing price of your home will determine how long the home will stay on the market. Pricing the home too high may reduce the number of interested buyers coming through the door, which can cause your home to sit longer on the market, which can create the perception that there’s something wrong with it. You want to avoid these outcomes and not overvalue your home.
On the flip side, pricing the home too low may create some skepticism and raise unwanted questions about the home’s true value or defects. This will hit you in the bank account if multiple offers don’t drive the price up to its true market value.
2. Use comparable sales
The easiest and best way to figure out the right price for your home is to compare similar homes that have sold in your neighborhood within a reasonable amount of time, this is often 30-60 days dating back. Our team of agents can provide you with a detailed CMA (Comparative Market Analysis) which will outline the above. We will compare your house to those with the same number of bedrooms, bathrooms, similar square footage, garage, etc. If you find comparable homes with similar floor plans and outdoor space, all the better. We will analyze how many homes in your area have sold recently and what they went for; while also considering similar homes that are actively for sale - as these are your competition.
3. Compare fairly
When looking at comparable sales, compare apples to apples. Consider the desirability of your neighbourhood, location, and think about what buyers want these days. Trends do play a role in the appeal of your home. If a similarly sized, similar location, new-construction home sold for top dollar in your community, you will likely not get the same amount for your 1980's bungalow.
4. Consider rennovations and improvements
It is known that the area of the home to sink your rennovation dollars are the kitchen and bathrooms. Consider whether major improvements you’ve made warrant a higher asking price. If you've invested considerable money in a rennovation or improvement project make sure the price reflects this... But be reasonable; don’t be surprised if you don’t get as much money as you expected—improvements don’t always mean a higher selling price.
5. Supply & demand
A buyer’s market means there are many homes for sale and sellers competing for the attention of buyers. In this case it might be a good strategy to price your home more competatively to make it more attractive to potential buyers. A seller's market means there is little home supply and much buyer demand, you may have leeway to price slightly more to maximize your profit.
There are currently 81 homes for sale in the community of Cranston in SE Calgary as of November 21, 2014.
There are 32 new listings for houses for sale in Cranston for the past 30 days.
Price Range of Current Cranston Houses For Sale
0 houses for sale priced between $100,000 and $199,999 1 house for sale priced between $200,000 and $299,999 11 houses for sale priced between $300,000 and $399,999 18 houses priced between $400,000 and $499,999 15 houses priced between $500,000 and $599,999 8 houses priced between $600,000 and $699,999 6 houses priced between $700,000 and $799,999 5 houses priced between $800,000 and $899,999 4 houses priced between $900,000 and $999,999 7 houses priced between $1,000,000 and $1,999,999 0 houses priced between $2,000,000 and $2,999,999
Cranston Houses For Sale by Type
There are 70 single family houses for sale in the Cranston
There are 11 condos for sale Cranston - including townhouse style and apartment style condos.
Month Cranston Houses For Sale Were Listed
January 2014 - 40 February 2014 - 51 March 2014 - 59 April 2014 - 64 May 2014 - 62 June 2014 - 53 July 2014 - 38 August 2014 - 53 September 2014 - 52
October 2014 - 50
November - TBD
Summary of MLS Listings in Cranston community in Calgary, Alberta Report Generated by Savannah Magnussen via MLS data: November 21, 214
For more information on REAL ESTATE for sale in Cranston or SE Calgary contact The Jay Magnussen Real Estate Team
This is a summary for homes for sale in Okotoks prepared using data from the MLS as of November 11, 2014.
There are currently 102 homes for sale in Okotoks as of November 21, 2014 including houses and condos.
There are 50 new listings for houses for sale in Okotoks for the period of October 21, 2014 to November 21, 2014.
Price Range of Current Okotoks Houses For Sale
0 houses for sale priced between $0 and $99,999 4 houses for sale priced between $100,000 and $199,999 14 houses for sale priced between $200,000 and $299,999 12 houses for sale priced between $300,000 and $399,999 20 houses priced between $400,000 and $499,999 19 houses priced between $500,000 and $599,999 11 houses priced between $600,000 and $699,999 5 houses priced between $700,000 and $799,999 2 houses priced between $800,000 and $899,999 2 houses priced between $900,000 and $999,999 4 houses priced between $1,000,000 and $1,999,999 0 houses priced between $2,000,000 and $2,999,999
Okotoks Houses For Sale Sorted By Area
There are 9 houses for sale in the Air Ranch There are 23 houses for sale in Cimarron There are 19 houses for sale in Crystal Shores There are 0 houses for sale in Downey There are 9 houses for sale in Downtown Okotoks There are 8 houses for sale in Drake Landing There are 0 houses for sale in Hunter's Glen There are 2 houses for sale in Mountainview There are 0 houses for sale in Rosemont There are 2 houses for sale in Sandstone There are 5 houses for sale in Sheep River There are 2 houses for sale in Sunset There are 0 houses for sale in Suntree There are 4 houses for sale in Tower Hill There are 7 houses for sale in Westmount There are 3 houses for sale in Westridge There are 3 houses for sale in Woodhaven
Month Okotoks Houses For Sale Were Listed
January 2014 - 23 February 2014 - 25 March 2014 - 19 April 2014 - 5 May 2014 - 9 June 2014 - 18 July 2014 - 40 August 2014 - 33 September 2014 - 48 October - 37
Summary of MLS Listings in Okotoks, Alberta Report Generated by Savannah Magnussen via MLS data: November 11 2014 at 1:32 pm
For more information contact The Jay Magnussen Real Estate Team
There are currently 108 homes for sale in Okotoks as of November 11, 2014. There are 50 new listings for houses for sale in Okotoks for the period of October 11, 2014 to November 11, 2014.
The new listings range in price from $148,500 to $1,325,000 with a median price of $499,900.
Price Range of Current Okotoks Houses For Sale
0 houses for sale priced between $0 and $99,999 4 houses for sale priced between $100,000 and $199,999 13 houses for sale priced between $200,000 and $299,999 10 houses for sale priced between $300,000 and $399,999 21 houses priced between $400,000 and $499,999 23 houses priced between $500,000 and $599,999 12 houses priced between $600,000 and $699,999 5 houses priced between $700,000 and $799,999 3 houses priced between $800,000 and $899,999 2 houses priced between $900,000 and $999,999 5 houses priced between $1,000,000 and $1,999,999 0 houses priced between $2,000,000 and $2,999,999
Okotoks Houses For Sale Sorted By Area
There are 10 houses for sale in the Air Ranch There are 22 houses for sale in Cimarron There are 22 houses for sale in Crystal Shores There are 0 houses for sale in Downey There are 9 houses for sale in Downtown Okotoks There are 9 houses for sale in Drake Landing There are 0 houses for sale in Hunter's Glen There are 2 houses for sale in Mountainview There is 1 house for sale in Rosemont There are 4 houses for sale in Sandstone There are 5 houses for sale in Sheep River There are 2 houses for sale in Sunset There is 1 house for sale in Suntree There are 4 houses for sale in Tower Hill There are 7 houses for sale in Westmount There are 2 houses for sale in Westridge There are 3 houses for sale in Woodhaven
Month Okotoks Houses For Sale Were Listed
January 2014 - 23 February 2014 - 25 March 2014 - 19 April 2014 - 5 May 2014 - 9 June 2014 - 18 July 2014 - 40 August 2014 - 33 September 2014 - 48 October - 37
Summary of MLS Listings in Okotoks, Alberta Report Generated by Savannah Magnussen via MLS data: November 11 2014 at 1:32 pm
For more information contact The Jay Magnussen Real Estate Team
There are currently 107 homes for sale in Okotoks as of October 8, 2014 in Okotoks. There are 41 new listings for houses for sale in Okotoks for the period of October 1 to October 31, 2014.
The new listings range in price from $224,000 to $1,325,000 with a median price of $538,000.
Price Range of Current Okotoks Houses For Sale
0 houses for sale priced between $0 and $99,999 4 houses for sale priced between $100,000 and $199,999 13 houses for sale priced between $200,000 and $299,999 12 houses for sale priced between $300,000 and $399,999 17 houses priced between $400,000 and $499,999 23 houses priced between $500,000 and $599,999 10 houses priced between $600,000 and $699,999 4 houses priced between $700,000 and $799,999 3 houses priced between $800,000 and $899,999 2 houses priced between $900,000 and $999,999 5 houses priced between $1,000,000 and $1,999,999 0 houses priced between $2,000,000 and $2,999,999
Okotoks Houses For Sale Sorted By Area
There are 11 houses for sale in the Air Ranch There are 27 houses for sale in Cimarron There are 18 houses for sale in Crystal Shores There are 0 houses for sale in Downey There are 11 houses for sale in Downtown Okotoks There are 10 houses for sale in Drake Landing There are 0 houses for sale in Hunter's Glen There is 1 house for sale in Mountainview There are 0 houses for sale in Rosemont There are 3 houses for sale in Sandstone There are 4 houses for sale in Sheep River There are 2 houses for sale in Sunset There is 1 house for sale in Suntree There are 3 houses for sale in Tower Hill There are 6 houses for sale in Westmount There are 2 houses for sale in Westridge There are 3 houses for sale in Woodhaven
Month Okotoks Houses For Sale Were Listed
January 2014 - 23 February 2014 - 25 March 2014 - 19 April 2014 - 5 May 2014 - 9 June 2014 - 18 July 2014 - 40 August 2014 - 33 September 2014 - 48 October - 41
Summary of MLS Listings in Okotoks, Alberta Report Generated by Savannah Magnussen via MLS data: October 31, 2014 1:20 pm
For more information contact The Jay Magnussen Real Estate Team
There are currently 110 homes and condos for sale in Okotoks as of October 248, 2014. There are 44 new listings for houses for sale in Okotoks for the period of September 24 to October 24, 2014.
The new listings range in price from $ 224,000 to $1,325,000 with a median price of $534,900.
Price Range of Current Okotoks Houses For Sale
0 houses for sale priced between $0 and $99,999 6 houses for sale priced between $100,000 and $199,999 12 houses for sale priced between $200,000 and $299,999 14 houses for sale priced between $300,000 and $399,999 17 houses priced between $400,000 and $499,999 25 houses priced between $500,000 and $599,999 9 houses priced between $600,000 and $699,999 5 houses priced between $700,000 and $799,999 3 houses priced between $800,000 and $899,999 2 houses priced between $900,000 and $999,999 4 houses priced between $1,000,000 and $1,999,999 0 houses priced between $2,000,000 and $2,999,999
Okotoks Houses For Sale Sorted By Area
There are 11 houses for sale in the Air Ranch There are 26 houses for sale in Cimarron There are 17 houses for sale in Crystal Shores There are 0 houses for sale in Downey There are 12 houses for sale in Downtown Okotoks There are 11 houses for sale in Drake Landing There are 0 houses for sale in Hunter's Glen There is 1 house for sale in Mountainview There are 0 houses for sale in Rosemont
There are 2 houses for sale in Sandstone There are 5 houses for sale in Sheep River There are 2 houses for sale in Sunset There is 1 house for sale in Suntree
There are 4 houses for sale in Tower Hill There are 7 houses for sale in Westmount There are 2 houses for sale in Westridge There is 3 house for sale in Woodhaven
Month Okotoks Houses For Sale Were Listed
January 2014 - 23 February 2014 - 25 March 2014 - 19 April 2014 - 5 May 2014 - 9 June 2014 - 18 July 2014 - 40 August 2014 - 33 September 2014 - 48
Summary of MLS Listings in Okotoks, Alberta Report Generated by Savannah Magnussen via MLS data: October 24, 2014 12:45 pm
For more information contact The Jay Magnussen Real Estate Team
Housing activity is on the rise in Calgary’s surrounding areas with double-digit sales growth in Airdrie, Okotoks and Cochrane by the end of the third quarter. Year-to-date, 4,449 units were sold in all surrounding areas, which represents a 26 per cent increase over the previous year.
“After the first three quarters of the year, sales activity continues to climb at a good pace in surrounding communities," says CREB® president Bill Kirk. “Many of these areas offer a lifestyle choice that appeals to consumers, with home prices that are generally more affordable.”
Overall benchmark prices and year-over-year growth has been higher in Calgary compared to the overall surrounding areas. In the third quarter, typical single-family home prices in Airdrie, Cochrane and Okotoks were 32, 15 and 18 per cent lower, respectively than in Calgary.
“Low interest rates, rising wages, positive net migration and tight market conditions in Calgary continue to support the demand growth in the regional resale housing market this year," says CREB® chief economist Ann-Marie Lurie. “As supply levels for homes priced under $400,000 in the single-family market have declined in the City of Calgary, many consumers are considering their options in surrounding areas.”
Sales growth in Airdrie is on pace for a record year after the city posted its best third quarter ever. Sale activity totaled 455 units between July and September, a 16 per cent jump relative to last year. Year-to-date sales have increased by 28 per cent to 1,354 units.
While sales in Okotoks declined by six per cent in the third quarter to 198 units, year-to-date activity remains 15 per cent above the first three quarters of last year. This quarter's decline can largely be attributed to record levels reported during the same period last year.
New listings increased in Okotoks by 12 per cent to 246 units during the quarter. This helped to ease market tightness and price growth compared to the second quarter of this year. The single-family benchmark price in the third quarter averaged $417,967, a 0.3 per cent increase from the previous quarter and a 7.46 per cent year-over-year increase.
Cochrane sales continue to outpace gains in new listings, pushing inventory levels and months of supply down. Reduced inventory has supported price gains in Cochrane. Single-family average benchmark prices totaled $433,933 in the third quarter, a 2.87 per cent increase over the previous quarter and 6.9 per cent increase relative to the same period last year.
Information taken from the Calgary Real Estate Board, CREB.com
CREB® offers a quarterly statistics package for Airdrie, Cochrane and Okotoks. View the full package for additional details.
Want to know MORE? Contact The Jay Magnussen Real Estate Team today!
There are currently 120 homes for sale in Okotoks as of October 8, 2014 in Okotoks. There are 52 new listings for houses for sale in Okotoks for the period of September 8 to October 8, 2014.
The new listings range in price from $579,900 to $949,900 with a median price of $535,000.
Price Range of Current Okotoks Houses For Sale
0 houses for sale priced between $0 and $99,999 7 houses for sale priced between $100,000 and $199,999 9 houses for sale priced between $200,000 and $299,999 16 houses for sale priced between $300,000 and $399,999 22 houses priced between $400,000 and $499,999 28 houses priced between $500,000 and $599,999 13 houses priced between $600,000 and $699,999 5 houses priced between $700,000 and $799,999 2 houses priced between $800,000 and $899,999 1 houses priced between $900,000 and $999,999 5 houses priced between $1,000,000 and $1,999,999 0 houses priced between $2,000,000 and $2,999,999
Okotoks Houses For Sale Sorted By Area
There are 14 houses for sale in the Air Ranch There are 34 houses for sale in Cimarron There are 17 houses for sale in Crystal Shores There are 0 houses for sale in Downey There are 12 houses for sale in Downtown Okotoks There are 14 houses for sale in Drake Landing There are 0 houses for sale in Hunter's Glen There is 1 house for sale in Mountainview There are 0 houses for sale in Sandstone There are 3 houses for sale in Sheep River There are 1 houses for sale in Sunset There are 4 houses for sale in Tower Hill There are 6 houses for sale in Westmount There are 2 houses for sale in Westridge There is 5 house for sale in Woodhaven
Month Okotoks Houses For Sale Were Listed
January 2014 - 23 February 2014 - 25 March 2014 - 19 April 2014 - 5 May 2014 - 9 June 2014 - 18 July 2014 - 40 August 2014 - 33 September 2014 - 48
Summary of MLS Listings in Okotoks, Alberta Report Generated by Savannah Magnussen via MLS data: October 8, 2014 12:30 pm
For more information contact The Jay Magnussen Real Estate Team
There are currently 132 Okotoks homes for sale as of Septmber 30, 2014 in Okotoks. There are 53 new listings for houses or condos for sale in Okotoks for the period of 30 days - August 31 to September 30, 2014.
The new listings range in price from $259,900 to $1,019,900 with a median price of $514,900.
Price Range of Current Okotoks Houses For Sale
0 houses for sale priced between $0 and $99,999 9 houses for sale priced between $100,000 and $199,999 12 houses for sale priced between $200,000 and $299,999 14 houses for sale priced between $300,000 and $399,999 30 houses for sale priced between $400,000 and $499,999 29 houses for sale priced between $500,000 and $599,999 13 houses for sale priced between $600,000 and $699,999 5 houses for sale priced between $700,000 and $799,999 2 houses for sale priced between $800,000 and $899,999 1 houses for sale priced between $900,000 and $999,999 6 houses for sale priced between $1,000,000 and $1,999,999 0 houses for sale priced between $2,000,000 and $2,999,999
Okotoks Houses For Sale Sorted By Area
There are 14 houses for sale in The Air Ranch There are 33 houses for sale in Cimarron There are 21 houses for sale in Crystal Shores There are 1 houses for sale in Downey There are 13 houses for sale in Downtown Okotoks There are 13 houses for sale in Drake Landing There are 0 houses for sale in Hunter's Glen There are 1 houses for sale in Mountainview There are 0 houses for sale in Rosemont There are 2 houses for sale in Sandstone There are 5 houses for sale in Sheep River There are 2 houses for sale in Sunset There are 3 houses for sale in Tower Hill There are 7 houses for sale in Westmount There are 4 houses for sale in Westridge There are 5 houses for sale in Woodhaven
Month Okotoks Houses For Sale Were Listed
January 2014 - 23 February 2014 - 25 March 2014 - 19 April 2014 - 5 May 2014 - 9 June 2014 - 18 July 2014 - 40 August - 53
Summary of MLS Listings in Okotoks, Alberta Report Generated by Savannah Magnussen via MLS data: September 30, 2014 11:15 AM
If you would like more information about homes for sale in Okotoks, CONTACT our Okotoks Real Estate Team today!
The Jay Magnussen Real Estate Team REMAX First, just listed this 3 bedroom townhouse for sale in Okotoks. 121 Cimarron Vista Gardenshas been listed for sale on September 15, 2014 and surely won't be long on the market. This 3 bedroom townhouse has been carefully maintained and is in immaculate condition.
This former show suite offers plenty of upgrades and is located conveniently close to parks, pathways, shopping, fitness center & other recreation and more.
To schedule your private showing contact The Jay Magnussen Real Estate Team today!
There are currently 130 Okotoks properties for sale as of September 9, 2014 in Okotoks, including homes and condos. There are 49 new listings for houses for sale in Okotoks for the period of August 9, 2014 to September 9, 2014.
The new listings range in price from $149,000 to $1,039,900 with a median price of $449,649.
Price Range of Current Okotoks Houses For Sale
0 houses for sale priced between $0 and $99,999 9 houses for sale priced between $100,000 and $199,999 12 houses for sale priced between $200,000 and $299,999 21 houses for sale priced between $300,000 and $399,999 25 houses priced between $400,000 and $499,999 25 houses priced between $500,000 and $599,999 13 houses priced between $600,000 and $699,999 6 houses priced between $700,000 and $799,999 6 houses priced between $800,000 and $899,999 1 house priced between $900,000 and $999,999 8 houses priced between $1,000,000 and $1,999,999 0 houses priced between $2,000,000 and $2,999,999
Okotoks Houses For Sale Sorted By Area
There are 14 houses for sale in the Air Ranch There are 29 houses for sale in Cimarron There are 21 houses for sale in Crystal Shores There are 1 houses for sale in Downey There are 12 houses for sale in Downtown Okotoks There are 13 houses for sale in Drake Landing There are 0 houses for sale in Hunter's Glen There are 0 houses for sale in Mountainview There are 1 houses for sale in Sandstone There are 5 houses for sale in Sheep River There are 2 houses for sale in Sunset There are 4 houses for sale in Tower Hill There are 8 houses for sale in Westmount There are 6 houses for sale in Westridge There are 3 houses for sale in Woodhaven
Month Okotoks Houses For Sale Were Listed
January 2014 - 23 February 2014 - 25 March 2014 - 19 April 2014 - 5 May 2014 - 9 June 2014 - 18 July 2014 - 40 August 2014 - 54
Summary of MLS Listings in Okotoks, Alberta Report Generated by Savannah Magnussen via MLS data: Sept 9 2014 8:15 AM
For more information on homes or condos for sale in Okotoks
CONTACT The Jay Magnussen Real Estate Team, RE/MAX First
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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.
These changes are going to cost consumers more so it's in your best interest to know what the changes are and how the timing works. 
This special report release by the National Bank of Canada summarizes: The oil price slide has made a serious dent in sales of existing homes in Alberta and Saskatchewan. The Canadian Real Estate Association reports that the seasonally adjusted number of homes sold in these two provinces in January was down 33% from November. Elsewhere in Canada the decline was 3%.
There are currently 81 homes for sale in the community of Cranston in SE Calgary as of November 21, 2014.
There are currently 107 homes for sale in Okotoks as of October 8, 2014 in Okotoks. There are 41 new listings for houses for sale in Okotoks for the period of October 1 to October 31, 2014. 
Housing activity is on the rise in Calgary’s surrounding areas with double-digit sales growth in Airdrie, Okotoks and Cochrane by the end of the third quarter. Year-to-date, 4,449 units were sold in all surrounding areas, which represents a 26 per cent increase over the previous year.
The Jay Magnussen Real Estate Team REMAX First, just listed this 3 bedroom townhouse for sale in Okotoks.
