Archive for the ‘Uncategorized’ Category

OPEN HOUSE IN MACEWAN

Thursday, April 8th, 2010

Open House at 259 Macewan Drive NW Saturday April 17 and Sunday April 18 from 2:00-4:00.

Macewan Open House

Thursday, April 8th, 2010

259 Macewan Drive NW

Saturday and Sunday April 10 and 11 from 2:00-4:00.

Woodbine Open House

Thursday, April 8th, 2010

54 Woodford Drive SW
Saturday April 10 from 2:00-4:00

Renovated family home

Renovated family home

New CMHC Rule for Buying Real Estate

Wednesday, March 31st, 2010

housingMore on the new CMHC Mortgage Rules for Real Estate

March 9, 2010 by Tessa Corley-Rae

I just spoke with my friend and mortgage broker Terry Caldie from the Mortgage Centre in Calgary about  CMHC’s new mortgage regulations for homeowners and property investors.  These new rules are nothing to panic about, in fact, up until 2 years ago these rules  were exactly how CMHC ran any way.  What people have to realize is that Convensional Mortgages (where people place 20% or more down as a down payment) are still exactly the same as they were before.   However, the good news is buyers can still avoid CMHC with only 20% down, rather than the previous 25% that was required only months ago for a convensional mortgage.  2 years ago the government decided to create a “stimulous package” for buying property, this was inlight of the down turn in the economy that we have just pushed through.  This “stimulous package”  included relaxed rules for buying revenue properties, as well as large refinancing options. 

Please see below for my interpretation of the new rules: 

(more…)

Your Home Is Not Selling?? Maybe try to freshen up…

Friday, February 12th, 2010

paintMarch 2, 2010
Jennifer Wilson-Speedy

YOURHOME.CA EDITOR

If only selling a home was as simple as putting up the “For Sale” sign. Instead, it’s an emotional process balled up with agonizing financial decisions and life changes that only get more stressful the longer the property’s on the market.

Sofie Allsopp helps Brits make over their homes to speed up the sale of stagnant properties in Unsellables UK ,an across-the-pond rethinking of the Canadian Unsellables series.

This season, Allsop says, brings “new people (and) some really great properties” – at least, once they’ve cleared up the filth, clutter and worn-out decor.

“I’m always amazed when people’s houses are dirty when they put it on the market.”

In addition to the general turnoff that is grime, clutter “makes a house look so much smaller,” she says, recalling an episode where the newlyweds’ house was piled so high with boxes “you could barely see the floor.”

These kinds of messes not only eat away at valuable floor and counter space but also hinder prospective buyers’ ability to envision their own belongings in the home, which is often a key step in their decision making.

So, if you’re preparing to sell, it’s worth the effort to pare down before the first showings, including stowing family photos and mementos. Allsop also recommends putting oversized or extra furniture into storage to help make rooms feel larger.

Plus, she notes, cutting down on clutter now means less packing when moving day comes.

Faded decor is another Unsellables no-no. Often in houses that have been lingering on the market, “everything just looks a bit tired and unloved,” says Allsop.

As a result, paint is “one of the most important things to do before you put in on the market,” she says, suggesting sellers opt for “pale but interesting” colours, such as muted greens and blues, to help create a fresh look without imposing a bold, and potentially intimidating, personality on the space.

Sellers must also consider their furniture placement. Paring down will help open up spaces, but pieces must also be arranged to emphasize the home’s flow, which means natural walking paths and doorways shouldn’t be blocked. Try to showcase the flexibility of the space too. For example, convey that the home office could also be a bedroom by adding a small bed.

To prevent your home from languishing on the market, Allsop says one of the most important steps is getting a real estate expert to help you set a realistic price. She says a lot of the time people list their homes for too much money – and it ends up sitting for months until they lower the price.

In addition to delays for the sellers, listings that sit on the market also lose appeal with prospective buyers.

“If a house has been on the market for a few months, people will keep seeing it in their (web) searches and it will start to feel stale,” she explains. “Price it for sale.”

And, she adds, don’t forget to give your home’s exterior a little TLC – she notes that will be the photo on your Internet listings.

“You have two seconds to impress before someone clicks on to the next house,” she says. “No one looks at a home with an overgrown yard and says, `This is the house for me.’ ”

Mowing the lawn, painting the front door, stowing the garbage bins and putting out some flowers “will instantly make the front of the house look smarter.”

DON’T MISS AN OPEN HOUSE AT THE WATERFORD IN ERLTON!

Friday, December 4th, 2009

Sunday, December 6 from 2:00-4:00!!  #104, 2411 Erlton Road S.W.  A beatiful building close to Elbow River, trendy boutique shopping, restaurants, Talisman Centre, Transit and Downtown! Modern and well deocrated 1066 sf condo has 2 large bedrooms, 2 bathrooms, and a den. Spacious and open floorplan features a central gas fireplace, modern kitchen with breakfast/coffee bar, luxurious en suite, walk in closet, in suite laundry and more. Building features, gas line to BBQ, recreational room with pool and games tables, a large central gazebo in the courtyard for private functions, and car wash bay in underground parkade. Titled underground parking is included.  Please drop by and have a look or call me directly at 403-275-1030 for a private viewing!104_2411_erlton_road_mls_hid572346_roommainexterior1

November 2009 Statistics for Calgary Real Estate

Wednesday, December 2nd, 2009

Single Family

(Calgary Metro)

November 2009

November 2008

Month Change

Month End Inventory

2658

5083

-47.71%

New Listings Added

1365

1567

-12.89%

Sales

1095

670

63.43%

Ave Sale Price

464,444

435,471

6.65%

Median Price

408,000

387,300

5.34%

 

Condominium

(Calgary Metro)

November 2009

November 2008

Month Change

Month End Inventory

1434

2399

-40.23%

New Listings Added

705

741

-4.86%

Sales

504

284

77.46%

Ave Sale Price

294,264

285,820

2.95%

Median Price

264,900

251,800

5.20%

 

Aspen Woods

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

49

80

-38.75%

14

23

-39.13%

New Listings Added

16

20

-20%

2

14

-85.71%

Sales

11

3

72.73%

0

0

0

Ave Sale Price

975,987

1,819,000

-46.35%

0

0

0

Median Price

662,500

625,000

5.66%

0

0

0

 

Cougar Ridge

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

13

38

-65.78%

5

8

-37.5%

New Listings Added

9

14

-35.71%

2

2

0

Sales

13

7

53.85%

0

0

0

Ave Sale Price

512,223

583,428

-12.2%

0

0

0

Median Price

485,000

527,500

-8.06%

0

0

0

 

Springbank Hill

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

58

95

-38.95%

15

18

-16.67%

New Listings Added

18

20

-10.0%

7

5

28.57%

Sales

8

3

38.5%

6

0

600.0%

Ave Sale Price

570,437

560,333

1.77%

421,166

0

 

Median Price

525,000

550,000

-4.55%

279,000

0

 

 

West Springs

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

29

53

-45.28%

4

10

-60.0%

New Listings Added

11

15

-26.67%

4

5

-20.0%

Sales

11

8

27.27%

0

2

-200%

Ave Sale Price

524,536

606,125

-13.46%

0

362,500

 

Median Price

499,900

490,000

1.98%

0

345,000

 

 

Strathcona Park

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

12

33

-63.64%

2

5

-60.0%

New Listings Added

7

14

-50.0%

0

2

-200%

Sales

6

4

33.33%

3

0

300%

Ave Sale Price

504,166

505,600

-0.28%

334,166

0

 

Median Price

550,000

365,000

33.64%

335,000

0

 

 

Connaught

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

3

3

0%

99

188

-47.34%

New Listings Added

0

0

0

48

70

-31.43%

Sales

0

0

0

54

12

77.78%

Ave Sale Price

0

0

0

324,534

287,900

11.29%

Median Price

0

0

0

285,000

255,000

10.53%

 

Hillhurst

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

15

25

-40.05

13

22

-40.91%

New Listings Added

3

5

-40.0%

4

3

25.0%

Sales

3

3

0

6

0

600%

Ave Sale Price

720,833

1,000,000

-27.92%

265,666

0

 

Median Price

775,000

680,000

12.26%

220,000

0

 

 

Sunnyside

Calgary

November 2009

Single Family

November 2008

Single Family

Month Change

Single Family

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

11

7

36.36%

17

24

-29.17%

New Listings Added

6

2

60.0%

4

7

-42.86%

Sales

4

0

400%

3

0

300%

Ave Sale Price

590,625

0

 

311,333

0

 

Median Price

455,000

0

 

300,000

0

 

 

Point McKay

Calgary

November

2009

Condominiums

November 2008

Condominiums

Month Change

Condominiums

Month End Inventory

12

19

-36.84%

New Listings Added

4

3

25.0%

Sales

1

4

-75.0%

Ave Sale Price

291,500

388,250

-24.92%

Median Price

291,500

348,000

-16.24%

 

The Calgary housing market is showing signs of a sustained recovery according to figures released by the Calgary Real Estate Board.

The number of single family homes sold in November 2009 in the city of Calgary were up 63% from the same time a year ago, while condominium sales saw an even steeper increase–up 77% from the same time last year.

“A healthy demand for homes combined with a steadily decreasing inventory is holding prices firm,” says Bonnie Wegerich, president of the Calgary Real Estate Board.

“Clearly low borrowing costs are helping to fuel this recovery,” says Wegerich. “Many buyers want to get in while mortgage rates remain at record lows. Better employment numbers and an improving economic outlook are giving the market an added boost.”

Open House Saturday, November 28, 2009 from 3:00 to 4:30

Thursday, November 26th, 2009

823_19_avenue_sw_mls_hid573315_roomlivingroom2WOW! What a GEM!!!! What a price!!! Here it is… a beautiful 3rd floor end unit condo in a well maintained and renovated building in the heart of Lower Mount Royal! End unit means more windows for tons of natural light! Delightfully upgraded from top to bottom with a gorgeous new maple kitchen with black granite, a raised breakfast bar & all new black appliances. All new floor coverings including ceramic tile, laminate & carpet, and new trim. Trendy new light fixtures. New bathroom with soaker tub, maple vanity cabinet and modern plumbing fixtures. Spacious floor plan with nice-sized living room. This whole condo building was converted in 2004, complete with modernized exterior and completely renovated interior.  Comes with an assigned parking stall. All this and a fantastic location on a quiet treed street close to everything… the trendy shops and restaurants of 17th Ave, Downtown, the River, Talisman Centre and transit!  WOW!!!! You’ll fall in love!!  Don’t miss your chance to be the first to view this amazing condo at the Premier Open House on Saturday, November 28th from the hours of 3:00-4:30.  See you there!!  Visit this home and virtual tour on my website at http://www.homesbytessa.com/view_listing/Lower_Mount_Royal/mls/C3403015

Open House Saturday, November 28, 2009 from 12:00 to 2:00

Thursday, November 26th, 2009

agrawal-photoHere it is… a great oppertunity to view this picturesque condo!  Don’t miss out on this incredible opportunity to own in one of Calgary’s most sought after communities –Discovery Ridge — Where the beauty and sights of the Rocky Mountains are brought to the city and envelope this community at every turn!

Welcome to the Chateaus of Discovery Ridge. I wil be hosting an Open House at this exquisite condominium this weekend, Saturday NOVEMBER 28 between the hours of 12:00-2:00. I invite you to come down and experience first hand what this 2 bedroom, 2 Bathroom, highly upgraded unit has to offer! Alternatively, feel free to call me directly for a private showing of the unit and all the ammenities!  Visit this home and the virtual tour on my website at http://www.homesbytessa.com/view_listing/Discovery_Ridge/mls/C3401778

OPEN HOUSE SATURDAY NOVEMBER 21 CANCELLED as PROPERTY HAS SOLD!!!

Thursday, November 19th, 2009

Please don’t hesitate to give me a call for all your Real Estate Needs!

Don’t miss out on this incredible 1064 sf condo in the Erlton condo development – The Waterford! 2 bedrooms, 2 baths + den. Building ammenities include games/rec room, courtyard gazebo for private functions, and underground car wash bay. In a prime location, walking distance to Talisman Centre, Elbow River, boutique shopping, countless restaurants, and downtown.

104, 2411 Erlton Road SW

104, 2411 Erlton Road SW