Calgary Condos

The Fall season is a nice to time to Negotiate a Condo Purchase

The condo market in Calgary is heating up yet there’s not much new construction taking place. If you’re hoping to buy a condo in Eau Claire, Bankview, Kensington, Calgary West End, or in the 17 Ave SW area, you might expect prices to rise.

What’s the advantage of Calgary condo shopping in the fall or winter? Well, first many sellers have given up selling their unit. When you arrive with an offer, they may strong consider it. Many owners give up too quick. The spring might bring higher prices, yet those prices might only be  a couple thousand dollars more.

See this 1066 sq ft, 2 bedroom + den, 2 bath condo at $399,900 – # 505 1315 12 Av Sw in Calgary. Features include stainless steel appliances with gas stove, kitchen island, gas fireplace with concrete mantle, west facing balcony, 2 full bathrooms, 9′ ceilings, underground parking and hardwood floors.

1315 12 Av Sw, Calgary

Enjoy views of Downtown Calgary from this 2 bedroom, 2 bathroom condo at 404 603 7 Av NE  Calgary. This condo features a living room with vaulted ceilings, large, south-facing windows, gas fireplace , large dining area, spacious 2nd bedroom which be used as an office.

Calgary Downtown Condos

603 7th ave NE Calgary # 404

 # 1805 920 5 Av Sw, Calgary on the 18th floor offers incredible views of the Bow River. Living room has tiled, gas, fireplace, impressively large windows,  quality carpet.  The master Bedroom has deep closets, storage & direct access to tasteful 4-pc ensuite bath. This condo’s kitchen features granite counters & island with a breakfast bar, walnut cabinetry, tile flooring, undermount sink, tile backsplash & stainless steel appliances.

920 5th Ave SW Calgary #1805

920 5th Ave SW Calgary #1805

 
See this incredibly modern and spacious 2 bedroom, 2 bathroom condo at 6 Hemlock Cres SW in Calgary. It features SOUTH FACING open floor plan with upgraded kitchen cabinets & hardwood flooring, easy access to the upcoming Westbrook LRT station. Underground heated parking, generous storage unit in addition to in-suite laundry & storage. Access to fully equipped fitness facility exclusively for owners.
6 Hemlock Cres SW Calgary

6 Hemlock Cres SW Calgary

 

See more Calgary Condos and Million dollar homes at Calgary Home Boys.

Calgary Alberta

One of the sunniest places in Canada with the best economy, Calgary Alberta is one of the top places most Canadians would like to move to. Its not as warm as Victoria BC but the sunshine and proximity to the mountains make it a very attractive place to relocate to. Read about the latest Calgary jobs report which was particularly positive.

Calgary Housing Report

CREB just released its report on housing activity in June 2011, and sales were way up. CREB reported that residential home and condo sales rose to 1,979 units which is up from 1816 units sold in May 2011. 

Calgary Home Sales

The single family market saw 1,398 sales in  June 2011, an increase of 32 % over June 2010 when 1,059 single family homes sold in the city of Calgary. Sales are not up to long term sales averages, however you can see a positive trend in home sales. The report suggests that much of the sales are from first time homebuyers particularly young buyers. Many are buying condominums, since condo sales took a sudden rise in the city as well.

There were 581 sales of condos in June 2011, an increase of 31% over June of 2010.

With respect to home sale prices, the average price of a single family home in Calgary is $472,330 in the first 6 months of 2011, and the median price is $410,000.  Although young people are eager to buy homes, the accent on condos, particular close to downtown shows they want value and to be within commuting distance of downtown jobs.

Read about the latest Calgary jobs report. Are you considering moving to Calgary  or to buy a home or condo in Calgary and area? Contact John Mayberry for more information on the Calgary real estate market and his advice on buying here.

Calgary Jobs Outlook

After several years of tough times for job seekers, the Calgary jobs market is turning around.  StatsCan reported in its Monthly Labour Force Survey that employment in Alberta jumped by 22,000 jobs. That is the largest gain since May of 2006. Currently, Alberta tallies over 2 million people employed.  It has taken 32 months to regain the jobs it lost during the last recession. Read more in the Calgary Beacon.

According to the most recent report on July 8th  employment rose by 22,000 in Alberta yet the employment rate increased to 5.6%, as there were more people looking for work in June. Employment in the province continued on its upward trend, growing by 3.5% between June 2010 and June 2011, more than twice the national pace of growth (+1.4%).

In a report by the Calgary Herald, Ben Brunen, chief economist with the Calgary Chamber of Commerce said “We’re going to see demand for professional services, like financial services, legal and accounting.”  The report also suggests that more hiring in health care, construction, manufacturing and professional and scientific fiels including geotechnical and engineering.

With the country’s economic picture brightening due to the high commodity prices, it looks like Calgary’s job picture is about as bright as its ever been.  Now is probably the right time to relocate to Calgary and take part of Calgary’s coming economic boom times. Check out current houses for sale if you’re thinking of selling your home and buying a new home in Calgary.

Calgary Home Sales holding Steady

According to the latest sales report on Calgary Real estate sales activity. Single family home sales in the first quarter of 2011 were 3,309, a 4 per cent increase over the first quarter of 2010.

The NW sector of Calgary had the largest growth in single family home sales in the first quarter of 2011 with 1,198 sales, a 13% increase over the first quarter of 2010. Sales in the SE posted quarterly gains of 5%, while the SW remained relatively unchanged and NE sales declined by 9%. Calgary Metro average price of single family homes in March 2011 was $462,947, a 2 per cent decline from March 2010, and virtually unchanged from February. Meanwhile, the median price declined 5% compared to March 2010.

The growth in home sales was counterbalanced by a weaker condo market. Condo sales fell compared to last year, 11 per cent compared to the first quarter of 2010, while quarterly average prices fell 1%. It is a buyer’s market for condos in Calgary. See the latest Calgary MLS listings now on Calgaryhomeboys.com.

Single Home Sales report for Calgary’s SE communities:

1st Quarter Sales Report for Southeast Calgary communities:

Single Home Sales for Southeast Calgary Communities

See the newest Calgary MLS listings on Calgaryhomeboys.com.

Single Home Sales report for Calgary’s SW communities:

Calgary Single Home Sales report for the 1st quarter 2011 is out:

Sales for Southwest Calgary

See more Calgary Homes for Sale via CalgaryHomeBoys.com MLS Listings.