Real Estate Blog - Ken Richter

August 2017 Statistics

What was the Calgary Real Estate Board's overall message when summarizing the Calgary housing market for the month of August? Listings are outpacing sales.

 CREB® chief economist Ann-Marie Lurie had this to say about the market: “Employment growth is contributing to the stability in sales activity, but it is not enough to meet the recent rise in listings and make a substantial dent in inventory levels. Unemployment rates remain elevated and job growth is mostly occurring outside the energy sector, slowing the recovery process. Broader economic improvements will be required prior to it translating into substantial improvements in the housing market.”

Quick Notes:

• Inventory levels are high, totaling just over 6000 units. While this is 16% higher…

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Ken Richter Places in the Top 50 RE/MAX Western Canada Individuals!

Ken Richter placed in the TOP 50 of the RE/MAX Western Canada TOP 100 Residential Individuals for June 2017 year to date.

This achievement is a testament to Ken's hard work and dedication to serving the Calgary community. We would like to thank all of our valued clients for choosing Team Ken Richter, and we look forward to a strong second half of the year!

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Listed: 212 Coach Side Road SW

This Horizon Village 50+ living property is located in Coach Hill.

The wide open floor plan features several upgrades, including a great kitchen with lots of cabinet space, a raised breakfast bar, patio doors off the living room and a separate eating area. There is recently renovated hardwood and tile flooring throughout the home and meticulously detailed work on a new 4 piece bathroom. This spacious home offers two good sized bedrooms (one currently used as a den), a partially finished lower level, a large laundry room area, 2 piece bathroom, and lots of space for a hobby/storage area with a work bench. The freshly painted interior makes this a turn key home; just move in and enjoy!

This property is part of a very well-managed condo. Wonderful…

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Just Listed: #205 716 3 Avenue NW

Welcome to this two bedroom, one bathroom end unit located in one of the most sought after concrete buildings in the heart of sunny side.

The kitchen offers maple shaker cabinets and upgraded appliances. Just off of the kitchen is a large living room, featuring a gas fireplace surrounded by custom built-in book shelves and easy access to your own private deck.

Down the hall is the master bedroom where there is the perfect amount of space for your bedroom suite, sitting area or office. The two large windows usher in golden sunlight and green space views. The second bedroom is perfect for overnight guests, an office or a roommate. The main bathroom features a deep soaker tub, a separate shower and room for storage.

The amenities in this apartment…

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Listed: 7719 36 Avenue NW

Welcome to your new home-sweet-home!

This excellent half duplex is located in the highly desired northwest community of Bowness. Situated on a beautiful tree-lined street, this property is only steps away from schools, shopping, transit and Bowness Park.

This well maintained three bedroom home features a large open kitchen, a spacious living room with a cozy wood burning fireplace, a four piece bathroom and a powder room. The living room includes large patio doors that open up to a quaint balcony.

Enjoy the private, sunny south backyard. The property also has a brand new (2016) rolled roof that is approximately $9,000 in value and has a five year warranty! 

There are no condo fees and the property is very low maintenance to maintain. This…

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Just Listed: #506 6223 31 Avenue NW

Have you ever wanted to own a townhouse in beautiful Bowness? Now is your chance!

This recently upgraded three bedroom, 1100 square foot, air conditioned town home is in one of the best south, rear-facing locations in the complex. This property is going to sell quickly, so act now. 

With newer kitchen cabinets, appliances, bathrooms and flooring, this home is ready to be moved into with little to no renovations required. The partially finished downstairs level includes a large recreation room and an HD Projection TV (included). The massive master bedroom has double closets, giving you plenty of storage space. Patio doors off the living room lead to a very private, sunny, low-maintenance yard backing south onto an alley offering more privacy. This…

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Calgary Voted The 5th Most Liveable City

Congratulations, Calgary!

You were voted that 5th most livable city for the 7th straight year! 

Cities across the globe are voted on a scale of 1-100. Points are awarded for stability, education, healthcare, infrastructure and culture and environment. Tied with Adelaide, Australia, Calgary earned a score of 96.6. The top score went to Melbourne, Australia which scored 97.5. A 0.9 point difference is all that separated us!

This achievement is a testament to the truly great city that Calgary is, and the people who make it so wonderful. Mayor Naheed Nenshi notes, "this is a reminder that, despite our current economic challenges, Calgary remains one of the best cities in the world. Ours is a great city in which to make a living and a life, and that…

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New Listing: 4827 Bowness Road NW

Introducing 4827 Bowness Road NW, a great investment opportunity in the heart of Montgomery.  

This property is a very large, 1133 square foot, fully developed, half duplex on an M-C1 lot, featuring a bright and totally self contained legal non-conforming suite. The main floor unit boasts a large kitchen, a sunny living room with a cozy wood burning fireplace, three generous bedrooms, spacious closets and a 4-piece bathroom. The bright lower level offers huge windows and a spacious living room, two bedrooms, a den and a 4-piece bathroom.

The location makes this great suite even better. It is inner-city, close to transit, the U of C, two hospitals, a short walk to Notables fine dining, a quick commute to downtown and provides easy access west to the…

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Welcome!

We are so excited to announce the launch of our new website!

The web address is the same, but it has a completely different look. Our website is now even more user friendly, offering you the following advantages:

• Extensive information on featured listings in Calgary Neighbourhoods
•  A unique interactive map searching tool
• A powerful search engine to help you find the perfect properties
• More resources to be fully informed and equipped for buying, selling or investing
• Easy navigation to optimize your online Calgary real estate experience
• Email newsletters, blogs, client testimonials and much more

We invite you to continue to enjoy personalized results, custom searches and immediate email notifications when new listings match…

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Ken's Market Update

Hello Everyone,

I am very happy to relay good news, the Calgary real estate market is in a transition towards an improved market!

All of us here at Team Ken Richter are extremely busy facilitating sales in every price range despite the recent frigid winter temperatures. We are experiencing numerous weekly sales and even multiple offer situations! We haven’t experienced a heated market like this for some time. I don’t expect prices to increase anytime soon, but I believe prices will stabilize considering the market activity already this year. The low inventory of housing all across the city and the fact that mortgage interest rates remain at an all-time low are contributing to the recent wave of activity. This is very positive as our market has…

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