The forecast is in! The Calgary Real Estate Board (CREB®) reports, “increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000.” The sale of homes priced under $500,000 kept the market from suffering, even though higher price range homes didn’t experience as much activity.
CREB® chief economist Ann-Marie Lurie reports on the economy, “employment numbers have been improving, but mostly in industries that are traditionally lower paid. This is contributing to the shift that we are seeing in the housing market, with growth being limited to product priced below $500,000.” The jobs available are not ones that afford people the luxury of buying a home, but typically once these
1. Favourite Golf Course: Kananaskis Country Golf Course || Big skies, mountain views and gorgeous grounds make this my absolute favorite place to golf. It is only an hour and a half outside of Calgary, making it an easy escape from the big city for a day spent enjoying the sunshine.
2. Favourite Website: www.KenRichter.com || My website is designed with you, my valued client, in mind. Use the Interactive Map tool, read our Blog, view our Current Listings, sign up for our Newsletter and so much more. You can also connect with me on Facebook at Team Ken Richter!
3. Favourite App: Wayfair || Buying a home is only part of the home-owning experience; furnishing it is a whole other adventure. I love using the Wayfair app to…
Calgary was established in 1875, garnering its name from the Isle of Gull in Scotland. Fun fact: loosely translated from the original Norse language, Calgary means 'cold garden.' For years people have flocked to our great city; this beautiful, cold garden; in search of something more. Calgary has always been viewed as a welcoming place for those seeking more opportunities for themselves and their families. Here at Team Ken Richter, we are proud to be Calgarians.
One of the biggest draws to this city has been the energy sector. Many jobs in the oil and gas industry are based in Calgary. If you ask any Calgarian, chances are someone in their immediate family works in the energy sector. Because of this great opportunity to find work in a booming
There is no doubt about it: Calgary is currently in a buyer's market.
What is a buyer's market? A Buyer's Market is when there are more units on the market than what are being sold; inventory is high, sales are low. This drives down prices on homes as seller's scramble to do whatever it takes for their home to stand out and sell, since during buyers markets homes end up sitting on the market for much longer than usual. Buyers simply have more options, which is great if you are planning to buy.
It may seem obvious, then, that as a buyer this is a fantastic time to enter the market. The reason why this has not been as simple as it seems is because of the new stress test put in place by the Bank of Canada to ensure all prospective buyers desiring a
This townhome in beautiful Bowness will be your new home-sweet-home.
This three bedroom is spotless and fully developed. The previous long-time owner invested in numerous upgrades, such as flooring, additional bathrooms (three in total) and much more. Large windows bring in sunlight no matter what time of day it is. The kitchen is spacious and the living room and family room are cozy and bright.
The property includes a nice covered patio off of the kitchen that is perfect for the BBQ, a convenient main laundry attached to a two piece bathroom, two large bedrooms upstairs and a fully finished bedroom downstairs. The three levels offer a total of 1300+ square feet of living space.
Quaint and low maintenance, this building complex offers a
When you are thinking of real estate, especially now in 2019 during Calgary’s challenging real estate market, think no further than to hire myself, Ken Richter for excellent service and ultimate results. As your trusted professional Realtor® I have 30+ years of experience, 2018 ranked Top 6 Individual Agent at RE/MAX Real Estate (Central), the #1 Selling Real Estate Office Worldwide for 19 consecutive years and finished in the Top 100 in RE/MAX Western Canada once again.
Contact me today at 403-630-6363 or email@example.com.
This month the Calgary Real Estate Board released it's 2019 forecast, which echoed much of what we've heard in the last year: this economic climate is making buying and selling homes challenging.
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.
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
In the New Year many people make personal resolutions, such as losing weight, advancing in their career, paying off debt, etc. Kicking off the new year with specific goals in mind will help you stay focused. There is nothing quite like the start of a new year, in this case 2018, to inspire you to be the best you.
Read about The Most Popular New Year's Resolutions.
While many of us make personal and professional resolutions, another area of your life to set some goals for is your home! Here are some suggestions:
Renovate: Make this the year you finally renovate that room you have been wanting to forever, or to finish a renovation you began but abandoned. You don't have to complete it in one day; you can do it in phases. Looking for advice
Welcome to 4347 Dovercrest Drive, the perfect four bedroom, fully developed starter home.
This property contains a massive recreation room with a free-standing wood fireplace that is perfect for chilly Calgary evenings. The downstairs contains a den and the fourth bedroom with a three piece bathroom. The other three bedrooms are upstairs, along with a newer four piece bathroom. Some windows have been replaced. Not only do you get a fully fenced yard, but the property also has a huge 13'x13' front deck.
Situated on a very quiet street across from a large green space, this home is in a great location. It is close to schools and playgrounds, making it a fantastic family home. The long time owner has lovingly cared for this property, which has great
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