We had another strong month of sales in September considering the weather wasn’t all the ‘Fall-like’ with 11 completed transactions.  The mix of properties was again spread across several categories as we had 6 detached single-family home sales, 3 apartment sales (all in the Phoenician complex) and 2 rowhouse transactions.

The number of sales was lower than the 14 registered in September of 2018 but the big change comes in the inventory level as we have just 35 active listings compared to 47 last year, which marks a reduction of almost 26% year over year.  Based on the past 6 months of sales the current inventory level works out to 3.0 months of available listings which is bordering on a balanced market and something we haven’t seen for some time.  As alluded to last month however it is important to keep in mind that despite an anticipated strong October, the past 6-month period has represented what is generally the busiest time of the year.

The average Days on Market (DOM) numbers for the sold properties came in at 52.9 days which is a slight uptick from August and was pushed higher by 2 listings that spent more than 160 days on the MLS.  On the opposite end we also had 5 properties that sold in less than 17 days so there was activity at both ends of the spectrum.

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 Dalhousie please click on the link below.

www.mydalhousie.ca

The Dalhousie sales numbers cooled off slightly from the heights of June and July but still posted a respectable 11 sales in August.  We generally do see things taper off as everybody gets into the back-to-school and back-to-work swing of things.

The mix of resale properties was quite different in August as there were no row house or duplex transactions as the with 5 single family home and 6 apartment condominium sales.

The number of active MLS listings remains almost unchanged at 41 compared to 40 last month so based on another solid month the running sales average from the past half year works out to another drop in the months of available inventory that now sits at 3.79.  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 average Days on Market (DOM) numbers for the sold properties decreased slightly as well at 48.09 days for all sales and there were only 2 properties that spent more than 100 days on the market.  Looking at each category the detached single-family home DOM was 52.6 days and apartment condominiums were a much improved 44.3 days.

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 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

Welcome to myDalhousie!

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

The answer is simple...because there wasn't one!  The goal of myDalhousie 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 Dalhousie 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 myDalhousie Facebook Page...we'd love to hear from you!