Real Estate Blog - Ken Richter

December 2018 Statistics

The Calgary Board of Real Estate notes in their January report, "as oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December." This summary of what happened in the final month of 2018 paints a bleak picture of December, which hopefully ended a difficult year in the real estate; though still better than others. Our hopes are that we see even more improvement in 2019!

Here are the highlights from their statistics summary: 

• December sales totalled 794 units. This is a 21% decline compared to December of 2017. 
• Year-to-date sales in the city totalled 16,144 units. This is 20% below long-term averages and about 14% less than in 2017.
• …

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January Events

Happy New Year! Here are some of the events happening around the city:

January 1 New Year's Day
January 1 Calgary Icbreaker Polar Bear Dip: Dive into the cold to raise money for a fantastic cause! If you're not particularly excited about diving into freezing water, you can watch from the sidelines and show your support for those who are crazy. This fun event is a great family outing for the last day of the holiday break.
January 4 - 6 The Motorcycle Show: Calgary may not have a long motorcycle season, but those who choose to live free and ride with the wind in their face are very dedicated. Check out the motorcycle show to see some incredible motorcycles, check out all the new motorcycle gadgets and enter a ton of giveaways. This show will inspire…

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Merry Christmas!

Merry Christmas!

All of us from Team Ken Richter would like to wish you a fantastic holiday. 

May your celebrations with loved ones be joyful, and may the year ahead bring you true happiness. 

Sincerely, 

Ken, Sean, Vivian, Nicole & Alex
Team Ken Richter
www.KenRichter.com
Team@KenRichter.com
403-630-6363

"Christmas is more than a day in December
It’s all of those things that we love to remember
Its carolers singing familiar refrains
Bright colored stockings and shiny toy trains
Streamers of tinsel and glass satin balls
Laughter that rings through the house and its halls
Christmas is more than a day in December
Its the magic and the love
That we’ll always remember"
- M. E Miro

(Photo via Ken Richter)

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4 Reasons You Should Buy A Home At The End of The Year

Tis the season for... buying a new home?

Here is a hot insiders tip about the real estate market: buying a home right before the end of the year has major benefits. Here are three:

1). Tax Savings: Realtor.com puts it this way, “if you close by December 31, you can deduct mortgage interest, property taxes, points on your loan and interest costs. These deductions are significant, especially in the early years of your loan when you’re paying off a lot of interest.” What’s not to love?

2). Motivated Builders & Sellers: Sellers and builders will want to close a deal before the end of the end of the year. For sellers, this is so that they too can take advantage of tax breaks on their home. For builders, they will want to close on as many properties…

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JUST LISTED: 4917 20 Avenue Northwest, Calgary Alberta

Custom built by a small, high quality, craftsman builder. This intricate detailed open concept 2 story features a fully developed walk-out offering dramatic south valley escarpment views!! Tons of square footage of tastefully developed living space, 4 bedrooms & 3.5 baths. Main floor features a gorgeous contemporary kitchen complete with quartz counter tops, engineered hardwood floors, a gas fireplace, huge windows and large, sunny, south facing, rear deck. The upper level boasts 3 large bedrooms, enjoy the amazing south views from master bedroom complete with a walk-in closet & spa like 5 piece master ensuite and upstairs laundry! Natural sunlight floods in the fully developed walk-out, large wet bar in the family room, 4th bedroom & 4-pce bath!…

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December 2018 Events

'Tis the season for celebrating the holidays. December in Calgary, Alberta, Canada has many events in celebration of Christmas, Kwanzaa, Hanukkah and more. If you are wanting to explore all that Calgary has to offer, December is a great time to do it. Enjoy the outdoor craft markets, free skates, tasty treats and more!

December 1 - 23 A Christmas Carol
December 1 - January 5 Zoolights
December 2 Hanukkah
December 2 Beginning of Advent
December 6 Loft Speaker Series: Holiday Hospitality
December 6 - 9 Make It Calgary
December 7 Dave Kelly Live
December 7 - 16 Market Collective
December 8 Bowness Annual Holiday Dinner
December 9 Teddy Bear Toss
December 9 Holiday Fest 'n' Film
December 9 Northwestival
December 14 Bowness JellyBean Dance
December 14 - 16 She…

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JUST LISTED: 8902 48 Avenue Northwest, Calgary Alberta

This is a spectacular three bedroom, 1122 square foot, bungalow character home. It sits on a large mature treed lot backing onto beautiful Bowness Park! There are original maple floors through out the main floor, wide baseboards and an ornate claw tub, all of which are a only few of the numerous character features in this house! Upstairs features large windows accentuating the beautiful Bowness Park views. The lower level needs some TLC but is well worth the effort, and there is a large sized single attached garage. Fantastic location only half a block from the Bow River, bike paths, short commute downtown, close to UofC, Foothills & Children's Hospitals, easy access to COP and west to the mountains! Priced to sell!

View Listing || Explore…

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November 2018 Statistics

The Calgary Real Estate Board has released their latest market statistics for the City of Calgary! Here are the highlights:

• November sales in the city totaled 1,171 units, which is below long-term averages So far in 2018, there have been 15,349 units sold in Calgary. This is 20 per cent below long-term averages and a 14 per cent decline over last year.
• There was a seven per cent ease in new listings this November compared to last year, preventing more inventory gains. Currently, there are 6,501 units available in Calgary. This is good, but still 32 per cent higher than typical averages for November. 
• In November, the citywide benchmark price was $422,600. This is three per cent below averages and one per cent lower than last month's…

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The Value of A Secondary Suite

A great way to make money out of an investment property or a recreational property is to rent it out. The rental market is big in Calgary, because many people seek temporary residence here before buying. Calgary also has a massive student population, many of which need spaces to rent for the school year and summertime. This means that if you have a nice property, you can easily make money that will help you repay what you spent on the space.

Secondary suites will add tremendous value to your property should you sell one day, and are a fantastic way to help pay off your mortgage faster. There are many rules and regulations you need to be aware of if you want to rent out a legal suite, so make sure you do some research!

It is easy enough to find…

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Website Highlights

Explore our website! We have added some helpful features to make your search better. Here are some highlights:

Refine Search: On the search page there is a “Refine Search” option that allows you to select specific property details, such as amenities, number of bathrooms, property type and area. You can save and title your refined search to easily apply it to future searches. Every time you select one of your saved searches, your pre-selected search criteria will be applied to the listings.

Save Your Favorites: Did you know that you can save your favorite properties for quick viewing later? If you select the heart button when you're looking at a property, that property will be added to your Favorites folder. You can reach this folder by clicking…

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