We finally had the first solid month of 2019 in June with the highest number of sales over the past 10 months, led largely by an increase in detached single-family home transactions which increased to 9 from just 2 in May.

The number of active listings edged slightly higher from 47 to 49 currently, however with the vastly improved June sales numbers the amount of available inventory fell to 6.39 months compared to a rather bloated 8.06 months in May, based on the running sales average from the past half year.

The average Days on Market (DOM) numbers for the sold properties were also lower in 3 of the 4 property categories and overall dropped from 94.89 days in May to 56.63 days in June; a positive sign for the community as we saw just 3 of the sales with DOM numbers over 100.

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 Dalhousie please click on the link below.

www.dalhousie.ca

Coinciding with a slow and steady improvement with the year over year sales numbers for Calgary as a whole, we have also seen some improvement in the Dalhousie numbers with 9 completed transactions compared to 6 sales in 3 of the last 4 months.  Detached home sales slipped from 4 in April to just 2 in May however we saw improvement in all other property categories.

With much of the long standing inventory finally coming off the market and with the wide variance we can see with these smaller sample groups we have some inflated average Days on Market (DOM) numbers this month; 4 of the 9 sales spent over 130 days on the market with the longest listing hitting 228 days.

The inventory finally showed some improvement as well, there are currently 47 properties listed compared to 51 last month which works out to a 5.83 sales per month average over the past 6 months and puts the current active inventory level at 8.06 months based on this running sales 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 Dalhousie please click on the link below.

www.mydalhousie.ca

April was almost a carbon copy of March as we had 6 completed sales in the community once again, the days on market numbers improved dramatically as 4 of the 6 sales finalized in 22 days or less with the longest days on market coming in at a respectable 52 days.  4 of the sales were detached single family homes once again to go along with 1 row house sale (5400 Dalhousie) and 1 apartment sale (Vista View); we had no semi-detached/duplex sales during the month.

The active inventory level also increased slightly from 42 to 51 properties as we continue to see the spring market build…hopefully to be accompanied by some healthier sales numbers in the months to come.  Based on the rolling average from the past 6 months, which now sees the high October sales numbers drop out of the range, there is currently 9.86 months of inventory on the market which is still very much slanted in the buyers’ favour.

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 Dalhousie please click on the link below.

www.mydalhousie.ca

We have seen some improvement in the Dalhousie real estate market compared to February with 6 completed sales this past month, the uptick was expected and with the arrival of warm weather we expect to see the trend continue.

The days on market numbers are again quite interesting as we had 3 very quick sales that were completed in less than 21 days while the other 3 sales averaged 164 days on the market so both ends of the spectrum were represented in March.  4 of the sales were detached single family homes and the other 2 were duplex properties; we had no row house or apartment sales during the month.

The inventory also rose and is currently sitting at 42 properties right now…again this is to be expected as the spring market officially begins which generally marks the beginning of our highest inventory period of the calendar year.  Based on the rolling sales average from the past 6 months this works out to 6.15 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, Dalhousie 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 Dalhousie please click on the link below.

www.mydalhousie.ca

The slow start to the year here in Dalhousie continues as we had just 3 completed sales in the month of February…and the properties that did sell had been listed on the market for a very loooong time.

As a result the Days on Market (DOM) number is rather skewed this month, coming in at a bloated 360 days with the 3 sales having been listed for 293, 177 & 610 (yes, not a typo…610!) days respectively.

The good news is the overall inventory has remained steady with 31 active properties which is good news at this point. Depending on what date range you take into account, the months of available inventory number varies dramatically.  When you look at the past 6 months there was an average of 8.17 properties sold per month which would work out to 3.79 months of available inventory which isn’t to shabby but when you look at the slow sales over the past 3 chilly months there were just 4.67 sales per month which would then work out to 6.64 months of available inventory which would point to a firm buyer’s market.

We by no means have a crystal ball to rely on however our feeling is that there is likely a happy medium between the 2 and we should start to see some additional activity with the arrival of warmer weather (finally) and the emergence of previously hibernating buyers.

So what does these numbers all mean to you?  They mean that sellers in Dalhousie still need to be extremely competitive and starkly realistic with their list prices and expected final sale prices and on the other end of the spectrum options continue to abound for buyers looking to call our community home.

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 Dalhousie please click on the link below.

www.mydalhousie.ca

Attention all Dalhousie Volleyball Players!

The Dalhousie Adult Co-Ed Volleyball Drop-In is set to get going and players of all skill levels are invited to come out for some fitness and fun.

The drop-in sessions run on Friday nights through October and November beginning October 12 and they take place at the HD Cartwright school gymnasium, located at 5500 Dalhart Rd NW.  The cost to play is $3 per drop-in and you MUST have a 2018-19 DCA Membership in order to take part.

If you have any questions or for more information contact the DCA at admin@dalhousiecalgary.ca.

There are a number of new developments planned for Dalhousie as we get ready to grow and add amenities and new neighbours to our great community.

The successful integration of these projects relies on input from residents and the constructive feedback to date has resulted in a number of improvements to the permit drawings for the Birchwood Transit Oriented Development at the corner of Dalhousie Drive NW and Dalton Drive NW.

Your opportunity to provide feedback is here as the DCA Planning & Development Committee is scheduled to submit additional comments to City planners regarding the revisions.  Feedback needs to be submitted by Tuesday, September 25, 2018 and can be emailed to admin@dalhousiecalgary.ca.

SEPTEMBER 13 UPDATE FROM THE DCA WEBSITE:

On August 30, 2018, Birchwood submitted revised Development Permit drawings to City planners to address feedback received from the City and the Dalhousie Community Association. These plans are available for viewing at the community center during regular office hours until September 25th.

On September 13, 2018, the DCA Planning & Development Committee met with the Birchwood team where they provided an overview of their design revisions. A summary of the major changes includes:

• Added a 2-storey podium (street level) feature along Dalhousie Drive to improve the pedestrian scale;
• Incorporated additional restaurant and retail uses on the Dalhousie Drive (Building B) main floor;
• Added a main entrance from Dalhousie Drive public sidewalk directly into the building to enhance pedestrian activity;
• Revised the internal plaza design to allow direct connections from the Dalton Drive bus stop through the site to the adjacent park and LRT station;
• Improved separation between vehicular and pedestrian movements to reduce potential conflict and to improve connectivity;
• Reduced surface parking and hard surface/concrete area (adjacent to Building B interfacing the internal plaza); increased soft landscaping throughout the site.

The updated drawings can be found below and for more information on the project and the timeline of the process to date, visit the DCA website by clicking on the link below.

BIRCHWOOD TRANSIT ORIENTED DEVELOPMENT - DCA WEBSITE

The calendar has turned to September but the events keep coming as the Dalhousie Show & Shine is set to go this Saturday from 10:00 AM until 2:00 PM at the Dalhousie Community Centre.

Whether you are a vehicle collector or an enthusiast this event has something for everyone!  Bring the small ones, the tall ones...and even bring your own motorized pride and joy as the show accepts any vehicle with wheels.

Registration for vehicles is open from 9:00 AM until 10:00 AM behind the Community Centre, so whether you have a bike, truck, car or anything else that 'goes' it doesn’t matter as long as it’s something you want to share with other motoring enthusiasts.

Awards are given out for the Best In Show, Pre 1980’s Car, Post 1980’s Car and Best Truck In Show and as mentioned the event is open to all makes and models!

Food and bneverages will be available for purchase as well as a silent auction and all funds raised will go to support ENVIROS.

The Dalhousie Community Association would like to pass on a huge thank you to all of the great sponsors of this event:

• Fountain Tire Northland
• Reflections Car Wash
• Dalhousie Safeway
• And many others for helping make this event possible!

For more information head over to the DCA website by clicking the link below.

See you this weekend!

DALHOUSIE SHOW & SHINE EVENT INFORMATION