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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