Beautiful home in Kelvin Grove surrounded by mature trees and a great yard tucked away on a quiet street. With updates in all the right places, this large home is ready for a new family to call it home. A warm open kitchen with expansive counters and great layout for the family chef opens to the breakfast nook. The adjoining dining room is spacious. Host a large family party and then step out the glass doors to the back deck. The front living room is lit by large windows and the stone faced fireplace provides a grand focal point. The back family room with a warm wood burning fireplace is a great place to curl up and unwind. The large master bedroom with new windows, blackout window roller screen and 3 piece en-suite can be your new retreat. 3 additional upstairs bedrooms and a sparkling main bath with claw foot bath complete the upper floor. The basement provides a rec room, 2 additional bedrooms and huge storage area. Book your showing to view this exceptional family home.
 
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This move in ready home on an exceptional .20 acre lot with huge south facing backyard in the popular community of Hawkwood is a must see. Upstairs boasts 4 bedrooms and updated master suite with soaker jetted tub and separate tiled standing shower. The main floor offers a separate large dining room, front office as well as an updated kitchen with centre island, built-in wall oven and built-in microwave. Stainless steel appliances and great cupboards complete this exceptional kitchen. Step out the back door to the built-in bbq, hot tub, tiered deck and huge mature backyard. This private oasis is filled with sunshine and the perfect spot for evening entertaining. Don't forget the fully finished basement with large rec room, the 5th bedroom and full bath with beautiful tiled bathroom. Steps away from a park on a quiet side street in the north section of Hawkwood, this location is ideal and close to high rated schools. Call to book your showing today.
 
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Construction has started on the pedestrian bridge between Tuscany and Scenic Acres. Throughout June to September the area may be closed at times in the off-leash area to keep everyone safe as the work continues. For hours of construction, the project plans and renderings visting the City of Caglary site.
 
Great to see this project moving forward to allow easier access for folks walking and biking to the Crowfoot LRT or to the general pathway system.
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June 12th is going to be a fun and busy day!
 
Tuscany Arts Day 11am -  2pm, June 12.
Local students and the community are invited to the Sobey's parking lot to paint colorful canvas prints to be displayed on the construction fencing of Tuscany Middle School.
 
Celebrate 100 years in Bowness with a run through the historic community.
  • 10 am Road Race and 10 km Relay
  • 11.30 am Kids Race
See you out there on Sunday!
 
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I read an article lately that made light of comments that blamed the real estate activity on the less than stellar weather we have had lately. Well, they should have watched my phone during the recent week of rain. Rainy day = few calls. The day after rainy day = non stop phone calls, showing bookings and property inquiries. Yes, we are rather worn out by the long winter, thrilled to see sunshine and maybe in a little bit of watch and wait mode. Buyers and sellers are also definetly on different pages right now when it comes to pricing and expectations.
 
The inner city market has been picking up more than other areas and the current market trends reflect the move by many folks toward a lifestyle with a great emphasis on local amenities and shorter commutes to work. The expansion of the LRT is also a topic of conversation with most buyers and a couple of recent purchases have focused on transit access to work and school.  Did you know you could zoom in on maps.google.ca and see all the local transit stops and bus lines to find out how close your prospective home is to transit?
 
With positive growth forecasts issued by many institutions and the stabilization of inventory we are expecting continued strengthening of the local markets.  The effect on any particular property is very dependent on location, type of property and how well a home is presented.
 
Some notable numbers from the CREB stats update:
The average price for single family homes in May 2011 was $489,482 and the median price $423,000, comparable to levels recorded last year. Single family home sales were 1,313 in May 2011, a 5 per cent increase over last year, while 2,552 listings came to market, a 14 per cent decline over the same period last year.
 
The decline in listings has caused inventory levels to come down to 4,616 units, an 18 per cent decline from last year. Moderate sales and a reduction in inventory have resulted in a decline in months of supply compared to May 2010. 
 

To date, the single family market has fared better than the condominium market, as prices have come down from peak levels recorded in 2007 providing individuals more options with regard to home ownership, noted Stante.  After the first five months of the year, single family home sales were 5,835 units, consistent with sales levels during the same time frame last year. 


“With just under four months supply, we expect single family home prices to remain stable in the coming months,” says Stante. “Provided that interest rates remain moderated, we are positive about the near term stability and recovery in the Calgary real estate market.”

The inventory of condominiums continues to remain higher than average, but has declined by 21 per cent from levels recorded in May 2010.
 
 Condominium sales were 503 for May 2011, 3 per cent lower than last year’s figures.  Year-to-date condominium sales are 11 per cent lower than last year’s levels, however, listings have declined by 19 per cent as well over the same time frame, placing downward pressure on inventories.
 
As always, if you have any questions or need assitance with the purchase or sale of a home, give me a call anytime.
 
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