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Calgary Real Estate News

SPRING BRINGS BOOST TO CALGARY’S RESIDENTIAL REAL ESTATE MARKET

May 1, 2009

MLS® sales activity of single family Calgary metro homes was 1,290 in the month of April 2009, showing an increase of 19 per cent from 1,086 sales in March 2009, according to fi gures released by the Calgary Real Estate Board (CREB®). This was a decrease of 5 per cent from April 2008, when single family home sales were 1,363. The number of condominium sales for the month of April 2009 was 579, an increase of 30 per cent from the 446 condominium transactions recorded in March 2009, and a decrease of 0.3 per cent from April 2008, when 581 condominiums changed hands.

“Spring is giving new life to the residential real estate market,” said Calgary Real Estate Board President, Bonnie Wegerich. “Affordable pricing and low interest rates are drawing buyers back to the market.”

“In particular we are fi nding more and more fi rst time home buyers taking advantage of great inventory and very low interest rates. We expect spring sales activity will also get a boost from the federal government incentives announced in the last budget, including the increase in the maximum withdrawal allowed under the Home Buyers’ Plan and the First Time Buyer Tax Credit,” added Wegerich.

The average price of a single family Calgary metro home in April 2009 was $426,311, showing an increase of 1 per cent from March 2009, when the average price was $420,354, and showing a decrease of 10 per cent from April 2008, when the average price was $474,564. The average price of a Calgary metro condominium was $277,953, showing a 2 per cent decrease from March 2009, when the average price was $284,056, and a decrease of 11 per cent over last year, when the average price was $312,586. Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas.

“The average price for home sales remains below levels reached one year earlier, but year-over-year declines are contracting,” said Wegerich. “Our inventory also continued to decrease in April, which is helping to fi rm up the balance of supply and demand,” added Wegerich.

Single family Calgary metro new listings added for the month of April totaled 2,010, down just 1 per cent from the 2,023 new listings added in March 2009, and showing a decrease of 40 per cent from April 2008, when 3,377 new listings came to the market. Calgary metro condominium new listings added in April 2009 were 967, up 7 per cent from March 2009, when the MLS® saw 903 condo listings coming to the market. This is a decrease of 35 per cent from April 2008, when condominium listings were 1,493.

The median price of a single family Calgary metro home in April 2009 was $380,000, showing an increase of 1 per cent from March 2009, when the median price was 375,000, and down 10 per cent from April 2008, when the median price was $420,000. The median price of a condominium in April 2009 was $251,000, down 3 per cent from March 2009, when the median was $260,000, and down 13 per cent from April 2008, when the median price was $290,000. All Calgary metro MLS® statistics include properties listed and sold only within Calgary’s city limits. The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price.

“Undoubtedly this market has been challenging for both buyers and sellers, but the improvement in recent months is an encouraging sign,” said Wegerich. “There’s more confi dence in the housing market today than at the end of 2008. Prices are stabilizing, inventory is declining and the number of new listings is leveling—these are all signs that a balanced market is on the horizon.”

CREB® is a professional body of 5,200 licensed brokers and registered associates, representing 252 member offi ces. The Board does not generate statistics or analysis of any individual member or company’s market share. All MLS® active listings for Calgary and area may be found on the Board’s website at creb.com.

For more information, please visit creb.com.

Previous Real Estate News

• SPRING BRINGS BOOST TO CALGARY’S RESIDENTIAL REAL ESTATE MARKET
• CALGARY REAL ESTATE MARKET SLOWLY SHAKING OFF ITS WINTER BLUES
• CALGARY RESIDENTIAL REAL ESTATE MARKET RESTORING BALANCE
• BUYERS CONTINUE TO HAVE CHOICE AND AFFORDABILITY
• December 1 MARKET SHOWS SEASONAL DECLINE
• November 3 GREAT DEALS FOR REAL ESTATE BARGAIN HUNTERS
• October 1 OPPORTUNITIES FOR BUYERS, NOW BETTER THAN EVER
• September 2 SELLERS ARE WAITING TOO LONG TO MAKE A DESIRABLE SALE
• August 1 SUMMER MARKET STILL FAVOURS BUYERS; BUT FOR HOW LONG?
• July 2 THE MARKET REMAINS STEADY DURING THE MONTH OF JUNE
• June 2 BUYERS NEED TO PAY ATTENTION – HOMES ARE ON SALE TODAY!

Strathmore Real Estate & Strathmore MLS® Listings

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Strathmore Real Estate Listings

Search for Homes & Condos listed for sale on the Strathmore Board's MLS® System using one of our Top Real estate agent websites.

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Strathmore Real Estate

Strathmore Alberta has recreation opportunities that are staggering. Beautiful parks, active lifestyles and sports teams are a source of pride for many Strathmore Alberta citizens.

Strathmore Parks

Strathmore Alberta has beautiful parks and natural green spaces are well-known throughout Alberta and invite quiet retreats and action packed getaways. A water playground, participark, western ranch and wildlife sanctuary are just some of Strathmore park highlights. Biking, paddling, skating, cross-country skiing, athletics, bird watching, picnics and peaceful walks can all be enjoyed in various parks and facilities along streams, creeks and the Strathmore River.

Strathmore Trails

Within the city of Strathmore, Waskasoo Park offers over 80 kilometers of paved and shale trails along the river valley for a wide variety of recreational pursuits such as cycling, hiking, cross-country skiing and horseback riding.

Strathmore and Area Golf Courses

Strathmore Alberta offers many choices for the golf enthusiast. The River Bend Golf Course is a municipal 18-hole championship caliber golf course in Waskasoo Park. An 18-hole private course bordering the Strathmore River along with three other public courses provide a good variety. Courses at nearby Lacombe, Innisfail, Sylvan Lake and Wolf Creek add to the abundance of golfing opportunities.

Strathmore Recreation Programs

The City of Strathmore, sporting groups, and many community associations, offer a host of recreational opportunities for children and adults alike. Opportunities range from recreational classes and programs, family festivals, sports teams and community groups, and drop-in activities. For more information contact the Recreation, Parks and Culture Department.

Strathmore Museums & Interpretive Centres

The Strathmore and District Museum, Kerry Wood Nature Interpretive Centre, and Fort Normandeau bring a historical and educational perspective to Strathmore and the Central Alberta region together with the recently-opened Alberta Sports Hall of Fame and Museum.

Strathmore Festivals & Events

Westerner Days, Strathmore International Air Show, First Night Celebration, Winter Fest, Heritage Day, Youth Fest, Canada Day, Agri-trade Show, Mayor's Garden Party, World of Women trade show, and the Silver Buckle Rodeo are just some of Central Alberta's family festivals and events. For information on current events in the Strathmore area, check out the Strathmore & Community Events Calendar.

Arts & Culture Facilities & Organizations

The state of the art Strathmore College Arts Centre, The Westerner and many other venues throughout the city offer a variety of live performances including music, drama and dance.

Strathmore Alberta has an abundant arts and culture organizations provide opportunities throughout the community to get involved in a wide range of drama, musical and other cultural pursuits.

Strathmore Restaurants

Strathmore can accommodate almost everyone's entertainment needs. With more than 160 restaurants to choose from you won't be disappointed with your options - you'll find everything from ethnic cuisine to western fare.

Shopping

With major shopping areas on each end of the city and countless shopping opportunities in-between, Strathmore is Central Alberta's shopping centre. You'll enjoy searching for unique treasures in quaint stores and finding great bargains in some of the wholesale shops. The Strathmore Farmer's Market is also a great destination for shoppers and is open to locals and visitors throughout the spring, summer and fall.

Strathmore Real Estate

This Strathmore Real Estate site presents useful information for real estate homebuyers and sellers as well as links to great Strathmore community information and other Strathmore real estate internet sites.

Please try our online Strathmore Home Search and Evaluation services, and search the online Strathmore real estate listings as our guest. Relocating? We would be happy to send you school and community information in addition to the current Strathmore real estate listings and property values. Just click here to use our handy relocation form!

This resource is updated regularly, and whether you are buying or selling real estate properties, this site presents information that is of interest to future and current Strathmore, Alberta area home owners. Your comments and suggestions are welcome! Please visit often.

Strathmore Real Estate directory

ATTENTION ALBERTA REAL ESTATE AGENTS Many thanks to all of the Alberta Real Estate Offices and Independant Agents that have worked together over the past few years to make this Network of Alberta Real Estate websites possible. Each office is "Independently owned and operated" We welcome all of the Real Estate offices and Agents in Alberta wishing to get involved with this ALBERTA REAL ESTATE NETWORK of more than 20 Alberta websites. Every agent currently on this network has both their Agent profiles and Property details displayed on over 20 other high traffic Alberta websites. IBG has an exclusive Internet Marketing system that now generates over 400,000 unique visitors per month to Alberta. (A very regional and very targeted audience) All of the offices and Agents are able to update their own listings daily (many automatically). Our services are available to Agents in Alberta with personal websites that need more exposure.

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