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 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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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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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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What a Difference a Month Makes...


It’s hard to believe how much things have changed in just a month but the market and really the entire world has shifted dramatically since our last update with the emergence of the pandemic that is COVID-19.


First and foremost, we hope you are doing well and staying safe and healthy as we go through this extremely challenging time.


Switching over to the numbers from this past month, they are of course low with just 4 completed sales and taking into account the unprecedented times we’re in, it is a bit like comparing apples to oranges when we look at the numbers from the same time last year, even though there were only 9 sales last March.


Of the transactions completed, 3 were detached single family homes and 4 were apartment sales with 3 occurring in the Lake Bonavista Estates complex and 1 in the Gateway South Centre building.  The days on market numbers remained similar to what we saw last month and last year at this time coming in at 43.7 days.


Taking a step back and looking at the market as a whole, March actually started off rather well showing marked gains year over year however as the pandemic rose and social distancing measures took effect, activity dropped sharply across the board.  Sales fell by 11 percent compared to last year, which was also 37 per cent lower than long-term averages and pushed the totals for the month to the lowest recorded level since 1995.


The inventory level is also much lower across the City as many sellers have decided to terminate or temporarily withdraw their listings until things improve and we likely won’t see levels recover until things improve and social distancing measures are scaled back.


Given the progression of COVID-19 we expect the April numbers and activity to potentially be even slower as the March totals were buoyed by the first 2 positive weeks of the month.


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 day-by-day.


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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The statistics for February have improved over last month as far as the number of sales are concerned however a higher level of active inventory came along with it compared to the same time last year.


There were 9 completed transactions in the leap month, 9 detached homes and 2 apartment condominiums which is slightly higher than the 9 total sales registered last February.  As mentioned, the level of unsold inventory is also up just under 20% to 57 active listings compared to 48 in 2019.


The average actual Days on Market (DOM) numbers for the community were down substantially from January’s total as only 2 of the sold listings spent more than 100 days on the market and 7 sales were completed in 14 days or less; further evidence that the properties that are in the best condition AND are the best-priced homes sell rather quickly.


Looking further into 2020 it is difficult to tell how the market will play out with positive factors like a drastic cut to interest rates and loosening of mortgage stress test rules battling against the negativity with the Coronavirus COVID-19 outbreak and the tanking of world oil prices as a result of the escalating price war between Russia and Saudi Arabia.


If you are thinking of making a move or if you would simply like a complimentary professional comparative market evaluation on your current property, please let us know.


For a closer look at all of the active listings in Lake Bonavista please click on the link below.


www.mylakebonavista.net

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The numbers are in for January and despite a stronger start to the year across the City as a whole we saw a decreased number of sales in Lake Bonavista compared to the same time last year.


There were 7 completed transactions in January, 6 detached homes and 1 apartment condominium which is down roughly 40% from the 12 sales in January of 2019, this is due largely to the fact that the majority of the sales activity in Calgary is occurring under the $500K mark.  This is further illustrated by the lowest sale this past month which was a detached home listed at $475K that sold well over list price.


The Days on Market (DOM) for the entire group are a bit all over the map once again as they are skewed upward by the two higher priced detached home sales that took 299 and 216 days respectively to sell.  With these comparables removed from the mix the DOM is a much lower 13.8 days which is on the other end of the spectrum and not necessarily market indicative with 46 properties currently active; 29 detached homes and 17 apartment condominiums.


Looking ahead we anticipate the sales numbers will increase as they generally do with the arrival of warmer weather…so anywhere between now and May!


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home, we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.net

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We saw another marked decrease in activity over the past month which was entirely expected as this is usually the script over the Christmas season.  There were 6 total sales in the community in December, 5 detached home sales and 1 apartment condominium sale which is almost identical to what we saw in December 2018 with 7 total sales (5 detached homes and 2 apartments).


The Days on Market (DOM) for the entire group are a bit mis-leading once again as they are skewed higher by one detached property that took 277 days to sell and ended up reducing their list price by $100,000.  With this property removed from the statistical breakdown the DOM is a much healthier 30.2 days which is in our opinion far more indicative of the current market conditions within the neighbourhood.


heading into 2020 most indicators point to a cautiously positive outlook that should lead to continued stabilization across many property categories and areas with some pundits even forecasting the possibility for slight growth…yes price growth in some sectors.  This is welcome news for a market that has experienced steady downward pressure for the better part of the past 5 years.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.net

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November marked the beginning of the official ‘slow season’ for real estate activity in Lake Bonavista as we saw the lowest sales number in the past 8 months with just 10 completed transactions.  This mimics the activity we saw a year ago as there were 11 total sales in November of 2018 and virtually the same property breakdown as well with 8 detached home and 2 apartment ends last month compared to 8 detached home and 3 apartment sales last year.


The Days on Market (DOM) for the entire group remained close to what we saw last month coming in at 76.8 days however it was also somewhat artificially inflated by a single property that spent 285 days on the market this year.  When this one lingering listing is removed from the statistical group the DOM drops to 54.7 days which is a number that is far more indicative of the current market conditions.


One interesting takeaway from the November numbers is the sale to list price ratio of the 5 detached homes between $495K and $830K as they fared rather well with 4 sales settling out between 0.8%-2.0% below list price and 1 property selling for 4% ($30,000) above list price.


Heading into to the holiday season and the grip of winter we expect to see a continuation of lower sales numbers however combined with lower inventory numbers the market appears to be set up nicely for a strong start to 2020.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.net

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The brisk pace of sales activity in the community slowed slightly last month as we had 12 completed transaction as compared to 15 in September, while year over year the activity was up 34% from the 9 sales registered last October.


The overall Days on Market (DOM) for all listings jumped quite dramatically from the previous month going from 55.0 to 72.2, however this number was artificially inflated by 2 listings that spent 245 and 195 days respectively on the market.  When these anomalies are taken out of the equation the DOM actually drops to 42.6 days, which is more indicative of the current market conditions.


The inventory level continues to decline with 40 active properties compared to 44 in September and as we head into the winter months that number should continue to decline.  Based on the rolling 6-month community average there is currently 2.3 months of available inventory, interestingly the number of active listings was only slightly higher (41) at the same time last year but with a much lower sales rate it translated into 4.6 months of inventory.


Overall, we continue to see steady improvement and elevated levels of activity in many categories recently so hopefully the trend continues and translates into a healthy winter market.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.net

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September brought with it some rather horrendous weather with another ‘Snowtember’ event, but it also brought another solid sales month in the community with 15 completed transactions.  This continues a strong run of resale activity over the past 6 months and marks a 67% increase over the 9 sales registered last September.


The overall Days on Market number for all listings was a respectable 55 days which is lower than recent months as there were only 2 properties that spent more than 100 days on the market.  The detached sales came in lower at 47 days while the condominium apartment sales trended higher at 77 days.


The inventory also slipped slightly to 44 active properties down from 48 last month which works out to 2.51 months of supply based on the running 6-month community average.  As mentioned last month we are however heading into the colder season which generally sees a slow down in resale activity.


Despite the positive numbers in the community, the market as a whole is still feeling the effects of the lingering economic downturn so impactful events like the upcoming federal election and the beginning (or further delay) of the Trans-Mountain pipeline construction will go a long way to determining the mood of the market.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.net

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We had a stellar end to the ‘official’ summer market in August and had the highest number of completed transactions in the past year with 22, consisting of 18 single family home sales and 4 apartment condominium sales.


There were a number of properties that had lingered on the market for months and months that finally sold which increased the monthly Days On Market (DOM) numbers, these were largely in the higher price bracket while the majority of the more affordable homes under the $600K mark sold rather quickly


The large number of sales also took a good bite out of the active inventory which is sitting at 48 down from 60 last month which has also translated into a reduction in the months of available inventory number which is currently at just 2.91 months based on the running 6 month community sales average.  One note to keep in mind however is that we have passed what are traditionally the busiest months of the year so with the exception of an anticipated solid September and October, the sales numbers will begin to fall when the white fluffy stuff arrives.


The slow and steady mantra continues to hold true across the city with higher sales numbers and lower new listings, however there is a distinct market split as most of the improvement is for homes priced under the $500k mark.


There are a lot of moving pieces that make up the health of the real estate market and the economy in general and if we continue on the track we’re on the market should continue to move closer to balanced conditions.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.net

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We saw a slight step back in July compared to what was a stellar June but still positive numbers overall.  There were 17 completed transactions in the Stampede month with 11 detached home sales, which was down from 16 in June and 6 apartment condominium sales, up from just 3 the month before.


The number of active listings took a turn with 60 active properties on the MLS compared to 52 which based on the running sales average from the past half year works out to a slightly higher 4.19 months of available inventory.


The average Days on Market (DOM) numbers for the sold properties decreased which is nice to see coming in at 68.88 days for all sales although we still had a few sold properties spend over 100 days on the market, 1 detached home sale and 3 of the 6 apartment condominium sales.  Looking at each category the detached single-family home DOM was 56.91 days and apartment condominiums came in under 100 days for the first time since April at 90.83 days.


Overall in Calgary we are still seeing numbers trend in the right direction compared to the same time last year with total MLS sales up by 6.4% for the month and the active inventory down by a fairly large margin at 17.3%.  The oversupply has continued to slowly ease and is keeping a bit of a lid on price decreases however pricing levels are still just under 4% lower across all property categories compared to 2018.


I know we run the risk of sounding like a broken record (large round vinyl things with grooves that play music for anyone under 35) but despite some gradual improvement in the sales numbers year over year, sellers must continue to be extremely competitive and realistic with both list prices and expected final sale prices and on the buyer side, solid value opportunities are still plentiful.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.ca

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We had another solid month in June with the highest number of sales in the past 10 months and we also saw a decent drop in active inventory to go along with it. There were 19 completed transactions in June, 16 detached home sales and 3 apartment condominium sales.


As mentioned, the number of listings fell compared to last month as there are currently 52 properties for sale in the community which based on the running sales average from the past half year works out to 3.85 months of available inventory…a number that is certainly trending in a healthier direction.


The average Days on Market (DOM) numbers for the sold properties hovered somewhat around the same levels as last month with the detached homes trending higher and the apartments heading slightly lower. The average DOM for the apartments is still high overall coming in at 128.67 days down from 139.67 in May while the DOM for the detached homes was 76.31 days up from 49.13 last month as it seemed the homes either sold in very short order or lingered for months.


The slow and steady mantra continued in June across the City and even with a 6% decrease in the number of sales compared to last year we saw some positive larger picture numbers with a 19% reduction in the number of new listings and a 13% decrease in the amount of active inventory. The oversupply has continued to ease and is slowing the decline in prices, if this trend continues it will ultimately lead to a more balanced Calgary market.


As we have indicated for the past number of months sellers must continue to be extremely competitive and realistic with both list prices and expected final sale prices and on the buyer side, good value opportunities are still plentiful.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.ca

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Coinciding with a slow and steady improvement with the year over year sales numbers for Calgary as a whole, we have also seen continued improvement in the Lake Bonavista numbers with 18 completed transactions compared to 14 in April.  Detached home sales increased from 10 to 15 while apartment sales dropped just slightly from 4 last month to 3 in May.


The overall monthly Days on Market (DOM) number was higher this month which was once again strongly influenced by the high apartment DOM numbers…however the more important stat was the inventory level which inched lower and the current active inventory that dropped sharply from 6.29 months of supply to 5.39 based on the running 6 month average.


As mentioned, we saw an uptick for the second straight month in year over year transactions in Calgary with 1,937 this May compared to 1,733 in May of 2018.  We have also seen the new listing numbers come down so hopefully the market stays on track and this marks the beginning of the long-awaited recovery.


We have a way to go to get back to balanced conditions so sellers must continue to be very realistic with pricing while excellent value is still out there for active buyers.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in lake Bonavista please click on the link below.


www.mylakebonavista.ca

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We had another strong month for sales in the community with 14 completed transactions which is also the most sales in a calendar month in the past half year…promising news overall.  The inventory continues to creep up but only slightly with 65 current listings compared to 59 last month which works out to 6.29 months of available inventory, a number that still leaves us in buyer’s market territory despite the increase in sales.


We made one deletion when calculating the Days on Market (DOM) numbers for the sold properties by removing one apartment sale that spent a whopping 417 days on the MLS as it drastically skewed the apartment DOM from the 50.33 posted to 142 days, which is not indicative of the current market conditions.  The overall DOM numbers dropped slightly with the high listing removed coming in at 38.46 days compared to 45.89 in March.


When looking at Calgary as a whole we continue to see positive signs with higher year over year sales numbers accompanied by lower new listing numbers, a trend that we hope continues as we work towards more balanced market conditions.


While we are on the road to stabilization, sellers must continue to be extremely competitive and very realistic with both list prices and expected final sale prices and on the buyer side of the ledger excellent value opportunities still exist.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.ca

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The fairly strong start to the 2019 real estate market in Lake Bonavista continued in March with some fairly solid numbers once again…nothing off the charts but holding their own as we wade through this market.


The overall Days on Market (DOM) numbers were rather interesting once again as we saw 7 of the 9 completed sales come in under the 30 day mark with 3 actually selling in less than 14 days and on the other end of the spectrum we saw the DOM numbers skewed higher by the 2 remaining sales that took 120 and 174 days respectively.


The inventory in the community has increased since last month with 57 current listings, which is to be expected as we are now into the spring market and that generally marks the beginning of our highest inventory period of the calendar year.  Based on the rolling sales average there is currently 6 months of available inventory which is still high.


On a positive note, the market has shown some signs of stabilization across Calgary as the year over year new listing numbers have dropped across the board and over the past few weeks we have also seen stronger sales numbers in some categories as well, again hopefully a scenario that continues and puts things back on the road to a balanced market.


As was the case in our last update, Lake Bonavista sellers still need to be extremely competitive and bluntly realistic with both list prices and expected final sale prices and on the buyer side of the scale, opportunities continue to present themselves while we are at a low point in the market.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.ca

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Welcome to my Lake Bonavista!


So why a community and real estate website?  Good question.


The answer is simple...because there wasn't one!  The goal of My Lake Bonavista is to be the primary source for all community and real estate news and information for the neighbourhood.


This online community hub is brought to you by the Gordon Group at CIR Realty, we feel the best way to serve our clients and prospective clients is to provide value and relevant content and resources so this is just another step in that direction.


if you have a community event to promote, a great neighbourhood photo to pass along or if you have any questions about the Lake Bonavista real estate market, whether you are looking to buy or sell in the community just let us know!  We are easy to reach using the contact tab on the right of the page, the Message Us form at the bottom of the page or through our myLakeBonavista Facebook Page...we'd love to hear from you!

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
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.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.