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Sales activity slowed down in May with 3,071 sales but levels are still slightly higher than last year’s record high + are far stronger than typical levels of activity recorded in May.

There was a decline in new listings but a strong pullback in sales was enough to cause inventories to trend up relative to levels seen over the past few months. The monthly gains did take off some of the pressure in the market but with just under two months of supply, the market continues to favour the seller.

The tight market condition contribute to further price gains in the market, but the pace of growth has eased relative to what occurred over the previous four months. Overall, the benchmark price reached $546,000 in May, over 14% higher than last year’s levels.

Are you in the market to sell your home? Contact me to discuss how this impacts your decision!

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca⁠

Click here to read the full Market Stats Package.

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11436 8 St SW, Calgary, AB
MLS#: A1216800

583 SQ/FT
3 BEDROOMS
2 BATHROOMS
Year Built: 1976
 
The main level opens to a spacious living area that looks out over a wonderfully private deck.

The other side of this floor is a beautiful, bright kitchen and dining room, where floor to ceiling windows along the south side stream stunning natural light throughout.

**VIEW FULL LISTING** 

The kitchen offers plenty of cabinet space, and has been updated with granite counters, a new stove, and a new dishwasher.

The main hallway contains a powder room, a storage closet, and a laundry room with pantry shelving. Downstairs, the lovely primary bedroom has large windows and closets, and one of the other two bedrooms could make a great home office.
 
A full bathroom has a granite-topped vanity, and a utility room that has tons of extra storage, a high-efficiency furnace, and a newer hot water tank completes this level.
 
Outside, the front yard will become your favourite place. Large trees shelter the deck, and the white vinyl fence screens the lower patio to create a private oasis for relaxing, grilling, and entertaining.
 
A private parking stall is included with street parking available for visitors.
 
This beautiful home is walking distance to Southcentre Mall and the Anderson LRT station, as well as Willow Park shopping centre.
Recreational activities nearby include golf, parks, and pathways, as well as popular Fish Creek Park.
 
There are also several schools within blocks, and the newly opened Stoney Trail and McLeod Trail gives you easy access to all areas of the city.
 
Don’t miss this fantastic home, book your showing today!
 
Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca⁠
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Equity: is the difference between what you owe on your mortgage and what your home is currently worth.⁠
The real estate market is always evolving kind of like our lives! If you're a homeowner, your equity could go a long way in the purchase of your next home! ⁠
Let me help you decide if now is the right time for your family to buy and/or sell. I am are here to help!⁠
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Thanks to strong sales, inventory levels in the city eased to 2,620 units (the lowest levels since 2006) and the months of supply remains low for this time of year around 1.3 months.

The market conditions are tight and contributed to the upward pressure on prices. The unadjusted benchmark price in January was $472,300, a monthly gain of nearly 2% and a year-over-year gain of 12%.

There were 2,009 sales in January, which was well below record levels, but over 98% higher than long-term trends. Have questions about how this impacts your selling decision? Contact me to sell TODAY!
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What does this mean for those of you thinking of selling your home this year?

In a seller's market, there's a shortage of inventory and more potential buyers than homes available. That means there is the potential for more buyers to be bidding on the same property resulting in multiple buyer situations and bidding wars... Meaning you could walk away with more than what you originally were asking for.

Want to know more? Contact me for a complimentary market evaluation of your home!
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FOR SALE: 104 Walden Path SE, Calgary, AB

MLS#: A1159806

CONDO FEE: $303.00

Everything you’re looking for is here, in this bright, well-appointed Walden end-unit, townhome. Featuring plenty of space, a huuuge tandem garage with room for 2 mid size vehicles. A no yard maintenance, and a prime location; you absolutely need to see it! 

Click here to View Full Listing


A spacious entry with high ceilings leads up to a bright living area with balcony access and an office nook. Gorgeous driftwood-toned hardwood and white walls are timeless, and give your decorative style center stage. 

A large dining area is perfect for family meals, and the kitchen is beautifully laid out, with an eat-up island and upgraded appliances including a gas stove and a French door fridge. 

Upstairs, thick carpet looks new, and a private owner’s suite enjoys a walk-in closet and a stunning en suite with a glassed-in shower and eye-catching tile work. 

The main bath also features attractive finishes, two more bedrooms and upstairs laundry finish this level. 

This home also offers tons of closet space, and the garage has a tandem spot that adds even more space! 

This block of Walden is wrapped around a lovely plaza, with landscaped lawns and pathways, and seating areas with a creek and a central pergola. Across the street, the shops at Legacy offer everything you need, and there are several schools nearby as well. 

Stoney Trail and McLeod Trail make the rest of the city easily accessible. This fantastic property is a must-see. And an ahhhhhmazing visitor parking spot RIGHT beside your front door. YAY

Contact me with your questions & to book a private showing.



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How motivated are you? Are you ready to act now? Reply here with where you are in the scale!⁠ ⁠How can I help you become more motivated to purchase that home of your dreams?!⁠
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Have you been sitting on the fence about selling your home for a while? Are you spending a lot of time contemplating whether or not it's the right thing to do?
 
In order to help you become more motivated to make that decision to list your home, take a moment to consider the following 6 questions.
 
If you are needing answers to the questions you have, please reach out to me! I'd love to spend some time with you going over the local housing market and outlining the different options available to you.
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FOR SALE: 104 Walden Path SE, Calgary, AB
 
MLS#: A1159806
CONDO FEE: $303.00
 
Everything you’re looking for is here, in this bright, well-appointed Walden end-unit, townhome. Featuring plenty of space, a huuuge tandem garage with room for 2 mid size vehicles.
 
**VIEW FULL LISTING**
https://jasonstreich.com/mylistings.html/listing.a1159806-104-walden-path-se-calgary-t2x-4c4.95976347

A no yard maintenance, and a prime location; you absolutely need to see it! A spacious entry with high ceilings leads up to a bright living area with balcony access and an office nook. Gorgeous driftwood-toned hardwood and white walls are timeless, and give your decorative style center stage.
 
A large dining area is perfect for family meals, and the kitchen is beautifully laid out, with an eat-up island and upgraded appliances including a gas stove and a French door fridge.
 
Upstairs, thick carpet looks new, and a private owner’s suite enjoys a walk-in closet and a stunning en suite with a glassed-in shower and eye-catching tile work. The main bath also features attractive finishes, two more bedrooms and upstairs laundry finish this level. This home also offers tons of closet space, and the garage has a tandem spot that adds even more space!
 
This block of Walden is wrapped around a lovely plaza, with landscaped lawns and pathways, and seating areas with a creek and a central pergola. Across the street, the shops at Legacy offer everything you need, and there are several schools nearby as well. Stoney Trail and McLeod Trail make the rest of the city easily accessible.
This fantastic property is a must-see. And an ahhhhhmazing visitor parking spot RIGHT beside your front door.
 
Contact me with your questions & to book a private tour!
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Looking for way to show gratitude to people you aren’t seeing in-person this season? The digital world has plenty of options for sending caring messages to family and friends! The information below offers a few heartfelt ways to tell another person you’re thinking about them when you can’t meet face-to-face.


Here's how online cards, gift cards, video messages and other tactics can bring joy to others in an authentic way in just a few clicks.

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How did Calgary go from a weak demand for resale housing to stronger than expected gains?


Click to find out in the CREB Q1 Housing Report!


https://www.creb.com/-/media/Public/CREBcom/Housing_Statistics/Quarterly_Reports/Q12021Report.pdf?la=en


If you're looking to buy or sell, now may just be the right time! Call me with ANY questions ANYTIME!


Jason Streich

Greater Calgary Real Estate

403 807 2204

jstreich@shaw.ca

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For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.

Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring.

Year-to-date sales remain over three per cent lower than last year’s levels.

New listings continue to slow, reducing inventory in the market. On a year-to-date basis, new listings have eased by nearly ten per cent and are at the lowest level recorded since 2001. This has reduced the oversupply that has been impacting the market for nearly five years.

Tighter conditions in the housing market have contributed to some of the recent gains in benchmark prices. As of November, the benchmark price was $423,600. This is nearly two per cent higher than last year’s levels.

However, conditions vary depending on price range. There is not a lot of supply for affordable homes in each product type because of high demand. This is likely causing differing price trends in the lower end of the market versus the higher end.

HOUSING MARKET FACTS

Detached

November sales activity improved across every district, contributing to a year-over-year citywide increase of 26 per cent. Improving sales over the past six months have helped offset some of the pullbacks from earlier in the year, as year-to-date sales were only two per cent lower than last year’s levels.

Like other sectors, inventory in the detached market has also eased due to the sharp decline in new listings. This has kept the months of supply below three months for the past three months. The tighter market conditions are supporting price gains. As of November, the detached benchmark price improved by nearly three per cent compared to last year for a total of $492,000. However, prices did not improve across all districts, as the City Centre continues to record prices that are one per cent lower than last year’s levels.

Activity for this product type does vary significantly depending on location and price range. The pullback in new listings relative to sales has caused significant reductions in inventory for homes priced below $500,000. Higher price ranges have also seen some declining inventory, but the degree of decline has not been as significant. In fact, the market is exhibiting sellers’ market conditions for homes priced below $500,000, while still favouring the buyer for homes priced above $700,000.

Click HERE to read CREB's full report!

Click HERE to download CREB's Monthly Stats Package!

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The Alberta government has mandated that professional services businesses, such as lawyers and accountants, be able to work by appointment only. Therefore, the AREA are reinstituting a ban on all in-person open houses for REALTORS® as professional service providers. Showings can continue with appointment only and limited to two family-unit members at a time.


Please continue to adhere to all the best practice safety protocols. 



Be mindful of any and all provincial guidelines and local ordinances.


There has been no known COVID-19 transmission from open houses, but an abundance of caution is in the best interest of everyone at this time. 

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.