We saw another solid month of sales activity in Lakeview last month with 9 completed transactions matching June’s numbers as the highest monthly total to-date in 2020 and just 1 shy of the 10 sales registered in September of 2019.


The activity was concentrated in the detached single-family home category with 7 sales, the final 2 transactions were rowhouse condominiums in the Lakeview Green I & II complexes.  The overall actual Days On Market (DOM) numbers increased with a number of lingering properties selling that pushed the averages higher, the DOM for detached single-family homes was 104.0 days up from 70.6 last month while the DOM for the 2 rowhouse properties came in at 46.5 days; there were no rowhouse sales in the community last month.


The current number of active listings once again remained almost static at 28 as did the Months of Inventory (MOI) that came in at 4.4 months compared to 4.2 months in August, based on the rolling sales average from the past half year. A factor to keep in mind with the rolling average is that we have passed what is traditionally the busiest part of the year as far as sales are concerned so the current MOI will likely climb moving forward.


Switching to the overall Calgary market we saw a continuation of the same recent trend with very healthy post-COVID lockdown resiliency as there were 1,702 sales last month which was almost 25% higher year-over-year and marked the strongest September total since 2014.


The real estate recovery after the COVID lockdown is still at very different stages depending on the price range and property type, however overall it has been faster and stretched out longer than expected.  This activity is being fuelled by many factors including historically low interest rates, a dramatic increase in personal savings by individuals not negatively affected by the pandemic and a relative lack of inventory in many categories.


The outlook moving forward is quite difficult to determine at this point and forecasts from pundits and experts are truly all over the map.  Only time will tell what the full ramifications of COVID will be, if a second wave leads to further shutdowns that will affect the market and if these higher sales numbers are the tail end of the pent-up demand or if this is the beginning of some longer term improvement.


As always, we’re here as a professional resource for all our clients and contacts and are more than happy to answer any real estate questions so please don’t hesitate to reach out to us.


We look forward to hearing from you soon.


www.mylakeview.net

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September was yet another busy month in the community with 20 sales, marking the third time in the past 6 months with 20 or more completed transactions.  This past month’s total also outpaced the September sales numbers over the past 2 years, eclipsing the 15 transactions in 2019 and the 9 registered in 2018.


The activity was overwhelmingly concentrated in the detached single-family home category with 19 sales, the final transaction was an apartment condominium in the Bonavista Estates II complex.  The overall actual Days On Market (DOM) numbers dropped rather dramatically from 66.1 days to 51.4 days, the DOM for detached single family homes was 50.5 days while the DOM for the lone apartment condominium property was 68.0 days.  The DOM numbers spanned quite a wide range with several lingering properties selling that pushed the averages higher and it is worth noting that 7 of the 19 sales were completed in 10 days or less.


The current number of active listings dipped to 36 from 50 which is to be expected as we enter into the latter portion of 2020 and the Months Of Inventory (MOI) also dropped from 3.5 months to just 2.2 months based on the rolling sales average from the past half year.  The factor to keep in mind with the rolling average is that we have passed what is traditionally the busiest part of the year as far as sales are concerned so the current MOI will likely climb moving forward.


Switching to the overall Calgary market we saw a continuation of the same recent trend with very healthy post-COVID lockdown resiliency as there were 1,702 sales last month which was almost 25% higher year-over-year and marked the strongest September total since 2014.


The real estate recovery after the COVID lockdown is still at very different stages depending on the price range and property type, however overall it has been faster and stretched out longer than expected.  This activity is being fuelled by many factors including historically low interest rates, a dramatic increase in personal savings by individuals not negatively affected by the pandemic and a relative lack of inventory in many categories.


The outlook moving forward is quite difficult to determine at this point and forecasts from pundits and experts are truly all over the map.  Only time will tell what the full ramifications of COVID will be, if a second wave leads to further shutdowns that will affect the market and if these higher sales numbers are the tail end of the pent-up demand or if this is the beginning of some longer term improvement.


As always, we’re here as a professional resource for all our clients and contacts and are more than happy to answer any real estate questions so please don’t hesitate to reach out to us.


We look forward to hearing from you soon.


www.mylakebonavista.net

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We saw a decent amount of activity in the community last month with 5 completed transactions although lower than the few months and also slightly below the same period last year.


Of the 5 sales, 4 were detached single family homes once again spanning a large price range from $535K on the low end to $3.05M on the high end and the remaining sale was a residential semi-detached/duplex home that sold for $351K.  The overall actual Days On Market (DOM) numbers dropped noticeably to 70.6 days from 99 in July, this number has fluctuated a fair bit over the past few months which is prone to happen with smaller sales groups.  The DOM for detached single family homes was 82.3 days while the DOM for the single duplex sale was just 24 days.

The current number of active listings remained identical to last month at 26 and the months of available inventory followed suit nudging up ever so slightly to 4.2 months based on the rolling sales average from the past half year.

Switching to the overall Calgary market we continued to see post-COVID lockdown resiliency with 1,573 total sales down just 7 transactions from August 2019 which is quite positive considering the challenges 2020 has presented.


Looking forward, it will be very interesting to see what the Fall and Winter markets look like after the remainder of the pent up COVID-shutdown demand subsides and the longer-term effects and trends begin to emerge.  Speaking to this, the Financial Post published an article recently regarding mortgage payment deferrals indicating banks believe there is not be a looming ‘Deferral Cliff’, contrary to what other media reports have suggested.


“We’re not looking at seeing a big spike in foreclosures,” Bolger (RBC CFO Ryan Bolger) said at the Barclays conference. “We expect that these mortgages, as they come off the deferral programs, to remain the homes of our clients.”


This echoes sentiments we have had about the deferral period with Canadians’ historically steadfast commitment to hold on to their homes at all costs.  Hopefully, this is the case as a large spike in defaults and foreclosures is never a good thing, for the real estate market, the overall economy or the individual homeowners themselves.


We are always here for all our clients and contacts and are more than happy to answer any real estate questions so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakeview.net

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We had another solid month of sales in August with 13 completed transactions despite the fact the activity was well below July’s stellar numbers (25) and also lower than the same period last year (22).


Of the 13 completed sales, 10 were single family homes spanning a smaller price range between $505K-$815K and 3 were apartment condominiums, 2 in Bonavista Estates and one from Gateway Southcentre.  The overall actual Days On Market (DOM) numbers dropped marginally from 70.8 to 66.1 days, the DOM for detached single family homes was 62.3 days while the DOM for the condominium apartment category was again higher at 78.7 days.


The current number of active listings remained virtually the same with 50 properties available on the MLS and the months of available inventory also remained static at 3.5 months, based on the rolling sales average from the past half year.


Switching to the overall Calgary market we continued to see post-COVID lockdown resiliency with 1,573 total sales down just 7 transactions from August 2019 which is quite positive considering the challenges 2020 has presented.


Looking forward, it will be very interesting to see what the Fall and Winter markets look like after the remainder of the pent up COVID-shutdown demand subsides and the longer-term effects and trends begin to emerge.  Speaking to this, the Financial Post published an article recently regarding mortgage payment deferrals indicating banks believe there is not be a looming ‘Deferral Cliff’, contrary to what other media reports have suggested.


“We’re not looking at seeing a big spike in foreclosures,” Bolger (RBC CFO Ryan Bolger) said at the Barclays conference. “We expect that these mortgages, as they come off the deferral programs, to remain the homes of our clients.”


This echoes sentiments we have had about the deferral period with Canadians' historically steadfast commitment to hold on to their homes at all costs.  Hopefully, this is the case as a large spike in defaults and foreclosures is never a good thing, for the real estate market, the overall economy or the individual homeowners themselves.


We are always here for all our clients and contacts and are more than happy to answer any real estate questions so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakebonavista.net

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We had another solid month in July with 8 completed transactions tying the March total for the second busiest calendar month this year as far the number of sales are concerned.  The positive activity in the community followed in the footsteps of the Canada-wide numbers that saw the highest number of monthly sales completed since record keeping first began over 40 years ago!


That is definitely some pent-up demand.


Of the 9 sales, 6 were detached single family homes spanning a huge price range from $515K on the low end to $2.42M on the high end, while the remaining 2 transactions were row house condominiums in the Lakeview Green complexes.  The overall actual Days On Market (DOM) numbers increased noticeably up to 99 days from just over 70 in June, this number was pushed higher by 4 sales that spent well over 100 days on the MLS before selling.  The DOM for detached single family homes was 94.2 days while the DOM for the row house condominium category was much higher 113.5 days.


The current number of active listings remained virtually the same at 26 compared to 24 available properties at the same time last month.  The months of available inventory followed suit and remained exactly the same as June at 4.1 months based on the rolling sales average from the past half year.


Switching to the overall Calgary market we also continued to see improvement as the total number of sales jumped to 1,828 up from 1,747 in June marking the third month of solid gains.


Looking forward, it will be very interesting to see what the post-CERB/mortgage deferral market brings and whether the demand starts to wane or if the stronger numbers continue.  As always, we will continue to monitor the market and keep you updated.


We are always here for you and all our clients and contacts and are more than happy to answer all of your real estate questions and concerns so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakeview.net

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The positive momentum we saw in June continued in July as we had 25 completed sales marking the busiest sales month in Lake Bonavista over the past 2 years.  The heightened activity in the community fell in line with the Canada-wide numbers that saw the highest number of monthly sales completed since record keeping first began over 40 years ago!


That is definitely some pent-up demand.


Of the 25 sales, 20 were detached single family homes ranging from $458K to $1.138M and the remaining 5 transactions were apartment condominiums in the Bonavista Estates I & II buildings, spanning from $237K on the low end of the spectrum to $332K on the high end.  The overall actual Days On Market (DOM) numbers were almost identical to last month dropping just a fraction to 70.8 days from 70.9 in June.  The DOM for detached single family homes was 59.7 days while the DOM for the condominium apartment category was a much higher 115.2 days.


The current number of active listings also took a slight dip falling to 48 which is the exact same number as the same time last year.  The months of available inventory saw the biggest drop coming in at 3.5 months, down almost 30% from 4.9 last month based on the rolling sales average from the past half year.


Switching to the overall Calgary market we also continued to see improvement as the total number of sales jumped to 1,828 up from 1,747 in June for the third month of solid gains.


Looking forward, it will be very interesting to see what the post-CERB/mortgage deferral market brings and whether the demand starts to wane or if the stronger numbers continue.  As always, we will continue to monitor the market and keep you updated.


We are always here for you and all our clients and contacts and are more than happy to answer all of your real estate questions and concerns so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakebonavista.net

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We had an outstanding June as far as the total number of sales are concerned month over month in the community which has mimicked the positive results we experienced in the overall Calgary market.


There were 20 completed sales last month which is the busiest month since the 22 transactions that finalized last August and up from just 11 last month.  16 of the transactions were detached single family homes and the other 4 were apartment condominiums.


The overall Days On Market (DOM) numbers also improved quite dramatically but the monthly average was skewed higher by one listing that lingered on the MLS for a jaw-dropping 447 days.  The average actual DOM for detached single family homes was 63.8 days with the 400+ day listing included and an impressive 38.2 without it.  The average actual DOM for the condominium apartment category was 99.5 days and the sales fell on opposite ends of the spectrum with 2 selling in under 30 days and 2 taking more than 165 days to firm up.


The current number of active listings moved higher just slightly from 50 to 53 however the months of available inventory dropped with the positive June results to 4.9 months of supply based on the rolling sales average from the past half year.


Looking at the Calgary market as a whole we once again saw some very solid month over month improvement with 1,747 sales in June compared to just 1,080 in May.  This year’s June transaction total was just 1.58% below the total from June of 2019 which is very positive news.


We’ve seen the total number of showings wane slightly as we’ve moved into July which is not out of the ordinary for the summer months, so we will see if the June numbers are an anomaly caused by the pent up demand created as a result of COVID-19 restrictions or if we are in fact seeing some semblance of ‘normality’ returning to the market.


As always, we will continue to monitor the market and the phased re-opening of the Alberta economy and keep you updated going forward.


We are here for you and all our clients and contacts and are more than happy to answer all of your real estate questions and concerns so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakebonavista.net

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We had a solid June as far as the total number of sales are concerned with the month over month activity in Lakeview mimicking the positive results we experienced in the overall Calgary market.


There were 9 completed sales last month, up from just 4 in May and just below the 10 registered in June of 2019, 7 of the transactions were detached single family homes and the other 2 were row house condominiums


The overall Days On Market (DOM) numbers also improved quite dramatically but the monthly average was skewed by one listing that lingered on the MLS for 326 days.  The average actual DOM for the detached single family homes was 66.7 days with the 300+ day listing included and an impressive 23.5 without it.  The average actual DOM for the row house category was 84.5 days with the 2 sales falling on opposite ends of the spectrum taking 11 and 158 days to sell respectively.


The current number of active listings remained almost static at 24 while the months of available inventory dropped with the positive June results to 4.1 months of supply based on the rolling sales average from the past half year.


Looking at the Calgary market as a whole we once again saw some very solid month over month improvement with 1,747 sales in June compared to just 1,080 in May.  This year’s June transaction total was just 1.58% below the total from June of 2019 which is very positive news.


We’ve seen the total number of showings wane slightly as we’ve moved into July which is not out of the ordinary for the summer months, so we will see if the June numbers are an anomaly caused by the pent up demand created as a result of COVID-19 restrictions or if we are in fact seeing some semblance of ‘normality’ returning to the market.


As always, we will continue to monitor the market and the phased re-opening of the Alberta economy and keep you updated going forward.


We are here for you and all our clients and contacts and are more than happy to answer all of your real estate questions and concerns so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakeview.net

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Life is returning to some semblance of normal in our everyday lives and things have also started to return to ‘normal’ in the real estate industry as the May community sales statistics are finally headed in the right direction, albeit very slowly.


We saw 4 completed transactions in Lakeview last month which is up just slightly from 3 in April but still well below the 10 sales registered in May of 2019.  The range of sales was certainly all over the map with 2 sales in the Lakeview Green I complex that were over $100K apart and 2 detached single family home sales, one in the high $400K’s and the other just over $2M.


The days on market numbers increased just slightly to 102.8 days overall but they were again skewed higher by the $2M Lakeview Village sale that not only took almost 300 days to sell this time but has been on and off the market for the past 3 years.


The current level of available inventory inched slightly lower with 23 currently active listings and the months of available inventory nudged just higher increasing from 4.4 in April to 4.6 months in May.


Looking at the market as a whole many buyers have come back to the table after the drastic slowdown triggered by the onset of COVID-19 as the showing activity numbers surpassed the 2019 levels last week for the first time since mid-March…this is most definitely welcome news.


Sales activity is however still well below normal levels and low oil prices and a slow economic recovery are lingering but there is hope that the pent up demand for those buyers and sellers who put the brakes on their plans during the height of the pandemic will continue to re-enter the fray and help bolster the market.


As always, we will continue to monitor the market and the phased re-opening of the Alberta economy and keep you updated going forward.


We are here for you and all our clients and contacts and are more than happy to answer all of your real estate questions and concerns so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakeview.net

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Life is returning to some semblance of normal in our everyday lives and things have also started to return to ‘normal’ in the real estate industry and the May community sales statistics are further evidence of this.


We saw 11 completed transactions in Lake Bonavista last month which is up slightly from 9 in April but still well below the 18 sales registered in May of 2019.  This month was interesting as all of the transactions were detached single family homes and marks the first time we have had a month with no condominium sales in the past year and a half.


The days on market numbers increased as well with almost half of the listings taking more than 100 days to sell coming in at 86.9 days for the month while the current active inventory and months of available inventory both dropped slightly to 50 and 5.9 respectively.


Looking at the market as a whole many buyers have come back to the table after the drastic slowdown triggered by the onset of COVID-19 as the showing activity numbers surpassed the 2019 levels last week for the first time since mid-March…this is most definitely welcome news.


Sales activity is however still well below normal levels and low oil prices and a slow economic recovery are lingering but there is hope that the pent up demand for those buyers and sellers who put the brakes on their plans during the height of the pandemic will continue to re-enter the fray and help bolster the market.


As always, we will continue to monitor the market and the phased re-opening of the Alberta economy and keep you updated going forward.


We are here for you and all our clients and contacts and are more than happy to answer all of your real estate questions and concerns so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakebonavista.net

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As you can likely imagine, real estate continued to limp along last month mired in the economic slowdown and slump that is COVID-19. The sales numbers for April are in, which was the first ‘full month’ that physical distancing measures were in place, and across Calgary we saw a 63% drop from the same period last year with only 573 completed transactions.


Looking at Lake Bonavista specifically sales fared much better than average and were down just under 36% compared to April of last year as there were 9 completed transactions, 7 detached single-family homes and 2 apartment condominiums. The actual days on market numbers were higher however as they settled out at 76.1 for the month compared to just 38.5 last April.


Despite all the low sales numbers and gloomy details there is one very important statistic that has shown substantial improvement recently and that is the number of showings being booked by prospective buyers.



Looking at the chart you can see that this weekend marked the first time since the beginning of the pandemic that the showing activity has risen past the benchmark ‘first week of the year’ activity level.  We feel this is a very important achievement that will hopefully mark the beginning of the real estate activity recovery and an upward trend that will continue moving into the phased re-opening of the Alberta economy, of course barring any major setback.


We will continue to monitor the situation as it develops and keep you updated, there are parallels to other slowdowns and recessions in recent history but nothing close to the scale and effect that COVID-19 has had so we are taking things as they come.


We are always here for you and all our clients and contacts as we navigate through this pandemic together, whether it’s real estate related information or otherwise so please do not hesitate to reach out to us with any questions you may have.


Stay healthy, stay informed and stay grounded.


www.mylakebonavista.net

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As you can likely imagine, real estate continued to limp along last month mired in the economic slowdown and slump that is COVID-19. The sales numbers for April are in, which was the first ‘full month’ that physical distancing measures were in place, and across Calgary we saw a 63% drop from the same period last year with only 573 completed transactions.


Looking at Lakeview specifically sales took an even steeper hit with an 80% decrease from April of last year as there were just 3 completed transactions; 1 detached single-family home and 2 row house condominiums.  The actual days on market numbers were skewed by the small sample group and came in at a bloated 104 days as the properties spent 14, 60 and 238 days on the market respectively.


Despite all the low sales numbers and gloomy details there is one very important statistic that has shown substantial improvement recently and that is the number of showings being booked by prospective buyers.


Looking at the chart you can see that this weekend marked the first time since the beginning of the pandemic that the showing activity has risen past the benchmark ‘first week of the year’ activity level.  We feel this is a very important achievement that will hopefully mark the beginning of the real estate activity recovery and an upward trend that will continue moving into the phased re-opening of the Alberta economy, of course barring any major setback.


We will continue to monitor the situation as it develops and keep you updated, there are parallels to other slowdowns and recessions in recent history but nothing close to the scale and effect that COVID-19 has had so we are taking things as they come.


We are always here for you and all our clients and contacts as we navigate through this pandemic together, whether it’s real estate related information or otherwise so please do not hesitate to reach out to us with any questions you may have.


Stay healthy, stay informed and stay grounded.


www.mylakeview.net

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Property Photo: 114 1909 36 AVE SW in CALGARY
We have just listed a new property at #114, 1909 - 36 AVE SW.
HUGE BRIGHT & SPACIOUS END UNIT WITH OVER 2500 SQFT OF LIVING AREA! This well maintained home has a great layout & loads of room & 4 large bedrooms. The main level boasts a huge living room with loads of windows & corner gas fireplace, a spacious dining room, 2 large bedrooms including the very private master with 4-piece ensuite & tons of closet space, another main 4-piece bathroom & a gorgeous kitchen with granite counters & breakfast bar, maple cabinets & full black appliance package including a ceramic flat top stove. The basement level features a massive 30'x15' recreation room, 2 large bedrooms both with walk-in closets, yet another 4-piece bathroom, laundry room & a beautiful bar area with granite counters, maple cabinets & wine rack, sink, fridge & built-in dishwasher. Some of the extras include 9' ceilings, zoned radiant in floor heating throughout, private single car garage & much more! Close to Marda Loop, schools, shopping, great dining & just minutes from downtown. Welcome Home!
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Property Photo: 52 ASPEN HILLS CLOSE SW in CALGARYWe have just listed a new property at 52 ASPEN HILLS CLOSE SW.
FULLY FINISHED WITH ALL THE EXTRAS! This beautiful 4 bedroom Greenboro home is loaded with features, starting with one of the largest usable lots in the community (a premium lot when first released by the developer). In the back yard you'll find a massive deck with built-in hot tub, gas BBQ hookup & underground sprinkler system in a private setting backing onto an aspen grove. The property also boasts an incredibly long driveway that will accomodate 5 vehicles. Inside, you'll find numerous upgrades & modern luxuries including hardwood floors, 9 ft ceilings, stainless appliances, custom wood shutters, granite counters, walk-in closet, soaker tub and many more! If you like to entertain, the kitchen provides great access to the living area & lots of counter/storage space . The basement has lots of extra space with a large bedroom, full bath, fireplace & more storage. This home shows extremely well and offers many features not available in most other homes. Compare the value in this property. Welcome Home!
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Property Photo: 1924 50 AVE SW in CALGARY
We have just listed a new property at 1924 - 50 AVE SW.
2009 SAM AWARD WINNER! This impeccable home combines the pinnacle of modern luxury & innovation with superb finishing & over 3700 sqft of living space. The main has a gourmet kitchen with custom black oak cabinets, triple edge quartz counters, large island, GE Monogram appliances with gas range top & 48" refrigerator. The 2nd floor has 2 large bedrooms, laundry, bath & bonus room with geometric wood detail & surround sound. The 3rd level is an amazing retreat with a huge master suite, gorgeous patio & sunroom, walk-in & bathroom featuring granite counters, double vanities, soaker tub & aromatherapy steam shower with dual heads & body jets. Basement has a 4th bedroom, bath & Dolby 7.1 wired media room. Additional features include enviro-friendly soy based insulation, pre-wiring for security cameras & home automation, alarm, custom built-ins, in-floor basement heating, A/C rough-in, Low E windows plus many more amazing extras & great area amenities! Welcome Home!
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