Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15 per cent compared to last year.

While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained elevated at 87 per cent, preventing any significant shift from the low inventory situation. Inventory levels in August dropped to 3,254 units, not only a record low for the month but well below the 6,000 units that are typically available. Low inventory combined with high sales this month ensured the months of supply remained low at just over one month.

“Higher lending rates have caused many…

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Are you thinking about finding your next home? It can be tricky balancing what you want with what you can practically afford.

 

Here are some tips that can make buying your dream home more doable:

1. Save for a larger down payment. A larger down payment can lower your monthly mortgage costs and possibly help you get a better interest rate.

2. Look at neighbourhoods that are less “in demand.” Some areas have the reputation of being desirable or exclusive and – as a result – expensive. But, there may be neighbourhoods that are not as in demand and yet ideal (and more affordable) for you. Explore that possibility.

3. Consider a fixer-upper. A home that needs some work may be more affordable, and you can save money by doing some of the…

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The Calgary Real Estate Board (CREB®) has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales, demand and pricing.

As expected, sales activity has slowed from last year’s record-breaking pace while staying stronger than long-term trends. What was not expected was the robust demand in the higher price segments of the market despite higher lending rates.

“An influx of migrants coming from Ontario and British Columbia are likely contributing to some of the strength for higher priced properties, as the relative affordability could make migrants less sensitive to the recent gains in lending rates, said CREB® Chief Economist Ann-Marie Lurie. At the…

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Congratulations To Our Sellers!! Congratulations on the sale of your acreage! We wish you all the very best! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #acreage #kneehill #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Congratulations on the purchase of your beautiful new home! We are so excited for your new adventure in Crossfield!

If You Are Looking To Buy Or Sell ...
Give us a call, we would love to help!
403-681-0319
#justsold #happyclients #crossfield #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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!JUST LISTED! 96 Marquis Place SE, Airdrie https://www.peshketeam.com/.../a2072418-96-marquis-place.../ https://www.youtube.com/watch?v=_35lzxOjoj8 $459,000 MLS A2072418 Stunning Renovated 2+2 Bedroom Bungalow! Beautifully Upgraded Family Home 2 + 2 Bedrooms 2 Bathrooms Double Detached Garage & Shed Call/message us for more details: 403-681-0319 Welcome to this tastefully updated bungalow in Meadowbrook, Airdrie! This air conditioned, charming home (A/C completed in 2022), has a cozy family room w/a wood-burning fireplace, that leads to a delightful dining area & a modern kitchen featuring stainless steel appliances including the induction stove, 1 1/4 inch thick quartz counters, soft close, full extension…

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!Coming Soon! $459,000 96 Marquis Place SE, Airdrie Stunning Renovated 4 Bedroom Bungalow! Beautifully Upgraded Family Home 2+2 Bedrooms 2 Bathrooms Double Detached Garage & Shed Call/message us for more details: 403-681-0319 #comingsoon #meadowbrook #airdrie #bungalow #airdrierealtor #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18 per cent, reflecting the strongest July levels reported on record. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Despite recent gains, year-to-date sales have declined by 19 per cent over last year.
 
In line with seasonal expectations, sales and new listings trended down compared to last month. However, this had minimal impact on inventory levels, which remained near the July record low set in 2006. With a sales-to-new-listings ratio of 82 per cent and a months of supply of 1.3 months, conditions continue to favour the seller.
 
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Congratulations To Our Sellers!!
Congratulations on the sale of your home!! What a whirlwind of a quick sale! We are so excited for your next adventure!
If You Are Looking To Buy Or Sell ...
Give us a call, we would love to help!
403-681-0319
#justsold #happyclients #hiddenvalley #calgary #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Congratulations To Our Buyer!
Congratulations on the Purchase of your new home!! We are so happy you found exactly what you were looking for! Here's to all the wonderful future memories!

If You Are Looking To Buy Or Sell ...
Give us a call, we would love to help!
403-681-0319
#justsold #happyclients #airdrie #jensen #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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