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.


We saw 7 completed transactions in Dalhousie last month which is up from just 3 in April but still below the 9 sales registered in May of 2019.  The majority of the sales were detached single family homes accounting for 5 transactions with one row house condominium sale in the Dalton Square complex and one apartment condominium sales in the Vista View building rounding out the group.


The average days on market numbers dropped to a respectable 51.9 days, falling dramatically from 143.7 the previous month, however as you recall the April numbers were skewed higher by a small sample group with one property that languished on the MLS for 300 days.


The current number of active listings saw the biggest jump increasing 42% to 37 properties while the months of available inventory came in at 7.9 based on the rolling sales average from the past half year.


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.mydalhousie.ca

Read full post


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 Dalhousie specifically sales were down 50% compared to April of last year as there were 3 completed transactions, 2 detached single family homes and 1 apartment condominium in the Phoenician complex.  The actual days on market numbers were once again skewed by the small group and came in at a bloated 143.7 days as the properties spent 15, 116 and 300 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.mydalhousie.ca

Read full post


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

Read full post


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 very 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 just 6 sales last March.


Of the transactions completed, 1 was a duplex and 3 were apartment sales with 2 occurring in the Phoenician complex and 1 in the Fortress building.  The days on market numbers were again skewed as 2 of the 4 sales lingered on the market for 154 and 357 days respectively so they drastically inflated the monthly average.


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.mydalhousie.ca

Read full post
Categories:   #YYCRE | Acadia, Calgary Real Estate | Airdrie, Airdrie Real Estate | Altadore River Park | Altadore River Park, Calgary Real Estate | Apartment | Aspen Woods | Aspen Woods, Calgary Real Estate | Attached | Attractions | Banff Trail, Calgary Real Estate | Beddington, Calgary Real Estate | Best | Best of Calgary NW | Best of Calgary NW, Events | Best of NW Calgary, Events | Birchwood | Bowness, Calgary Real Estate | Bridgeland, Calgary Real Estate | Buyer | Buyers | Calgary NW Events | Calgary Real Estate | Canyon Meadows, Calgary Real Estate | Christmas Craft Fair | CIR Realty | Citadel, Calgary Real Estate | Coach Hill, Calgary Real Estate | Cochrane, Cochrane Real Estate | Community Cleanup | Community Events | Community Information | Community Update | Concert | Condominium | Contests & Promotions | Coronavirus | Country Hills Village, Calgary Real Estate | Country Hills, Calgary Real Estate | Coventry Hills Real Estate | Coventry Hills, Calgary Real Estate | COVID-19 | Cranston, Calgary Real Estate | Crescent Heights, Calgary Real Estate | Dalhousie | DCA | Deer Run, Calgary Real Estate | Detached | Detahced | Douglasglen, Calgary Real Estate | Dover, Calgary Real Estate | Duplex | Edgemont, Calgary Real Estate | Evanston, Calgary Real Estate | Event | Events | Family Events | Flapjacks | For Sale | Geoffrey Gordon | Gordon Group | Gordon Group Calgary | Great Big Sea | Greenview, Calgary Real Estate | Harvest Hills Real Estate | Harvest Hills, Calgary Real Estate | HD Cartwright | Hidden Valley, Calgary Real Estate | Home Marketing | Kincora, Calgary Real Estate | Lake Bonavista | Lakeview | Langdon, Langdon Real Estate | Lincoln Park, Calgary Real Estate | March | Market Report | Market Update | McKenzie Towne, Calgary Real Estate | Mission, Calgary Real Estate | Monterey Park, Calgary Real Estate | Monthly Report | Motoring Enthusiasts | My Dalhousie | My Lake Bonavista | My Lakeview | myDalhousie | myDalhousie Events | myLakeBonavista | New Brighton Real Estate | New Brighton, Calgary Real Estate | New Development | News | NW Calgary Christmas Craft Fair Guide - NOVEMBER 24 & 25 | Ogden Lynnwd Millcan, Calgary Real Estate | Okotoks Real Estate | Okotoks, Foothills Real Estate | Panorama Hills, Calgary Real Estate | Pickleball | Real Estate | Real Estate News & Information | Real Estate Update | Reunion Real Estate | Row House | Royal Oak, Calgary Real Estate | Ryley Churchill | Saddleridge, Calgary Real Estate | Sale Statistics | Sales | Sales Statistics | Sara Waters | Seller | Sellers | Semi-Detached | Shirine Gordon | Show & Shine | Single Family | Single-Family | Sold | Springbank Hill, Calgary Real Estate | Stampede Breakfast | Statistics | Strathcona Park, Calgary Real Estate | The Best of Calgary NW | Tim Hortons Camp Day | Transit Oriented | Trends | Tuscany, Calgary Real Estate | Update | Used Toy & Clothing Sale | Valley Ridge, Calgary Real Estate | Victoria Park, Calgary Real Estate | Volleyball | West Hillhurst, Calgary Real Estate | West Springs, Calgary Real Estate | YYC Real Estate
Categories
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.