Another SOLD listing in Strathcona!!
Gem in Sought after Strathcona. Long List of recent upgrades and updates. Large front entry leads to formal living room/dining room w soaring vaulted bordered & textured ceiling, hickory hardwood floors & lots of room to entertain.Huge kitchen w rich generous oak cabinets & lots of quartz counter tops. Full newer appliance package & center island. Kitchen joins bay breakfast nook & overlooks extra large family room w brick gas fireplace ne...stled between oak built ins. Patio door to newer composite material multi level deck w glass rail. Sunny south back yard. Main floor 4th bedroom could be at home office/den/guest room. Main floor laundry & half bath. Extra wide hardwood stairs to upper level w amazing large master w 4 pce ensuite & jetted soaker tub. 2 more large bedrooms & 4 pce bath. Basement is unspoiled. Have a look at the long list of upgrades attached including new windows, new furnaces, new hot water tanks, new shingles. Walk to school, LRT, mall. Quick access downtown and out of town.
Calgary Real Estate Update January STATS
Housing Market Déjà Vu in January
As expected, Calgary sales activity similar to last year
Calgary, Feb. 1, 2018 – The new year opened predictably, with monthly figures close to the Januarys of the past three years....
With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector.
Overall January sales totaled 958 units, nearly two per cent above last year and 11 per cent below long-term averages.
"2018 was kicked off with higher rates and the official implementation of the new mortgage requirements. While it is too early to see the impact of these changes, so far, January levels are consistent with what we saw last year," said CREB® chief economist Ann-Marie Lurie.
"The recovery will be bumpy, and we will continue to monitor the impact of the lending changes relative to the overall economic climate."
Stable sales were met with rising new listings, causing further gains in inventory levels and impacting prices. Citywide, unadjusted prices totaled $432,300, 0.21 per cent below last month and 0.25 per cent below last year's figures. Prices eased across all product types compared to last month, but price declines were more pronounced in the apartment and attached sectors.
In the detached sector, new listings rose with declining sales activity for product priced over $500,000. However, product priced between $300,000 and $399,999 saw an increase in activity. This will be an adjustment to the new reality buyers and sellers face, as pockets of the market will experience a mismatch between supply and demand.
"Sellers needs to be aware of the competing supply in the market. This can influence the timing of their decision, along with setting realistic expectations regarding time on the market and selling price," said 2018 CREB® president Tom Westcott. "For buyers, getting pre-approved for a mortgage is essential, along with getting advice from a REALTOR® to get into a home they will be happy with.
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