Posted in Lower Mount Royal, Calgary Real Estate
I have sold a property at 202 1731 9A STREET SW in Calgary.
PRICE REDUCED on this absolutely gorgeous and beautifully renovated TWO BEDROOM and TWO BATH apartment condo one block off 17Ave SW! Located in a smaller, quiet, concrete building, this open concept unit is amazing and perfect for entertaining! Features include new cabinetry with large farmhouse sink, quartz counters, tile backsplash, S/S appliances, flat ceilings with plenty of potlights, and a massive island with extra storage. The open living room and dining room, feature a modern fireplace and large windows allowing the light to flow through. The spacious master has an incredible walkin closet and a beautifully renovated 4pce ensuite with heated floors! There is a 2nd bedroom which is right across the hall from the totally renovated 3pce main bath. The laundry room has a stacking washer/dryer, a small freezer which is included and room for some storage. There is also a storage locker on the main floor and underground parking! A truly gorgeous condo only a block from the trendiest restaurants, boutiques, and shops! Check out the VIRTUAL TOUR in the supplements!
Welcome to December! The last month of a year many of us would rather forget. Yes, 2020's been a bit of a train wreck, but at least there's some light at the end of the tunnel. I know I'm certainly looking forward to the new year. Whatever your hopes and plans are for 2021, I wish you nothing but good health, happiness and success!
New listings continue to slow, reducing inventory in the market. On a year-to-date basis, new listings have eased by nearly ten per cent and are at the lowest level recorded since 2001. This has reduced the oversupply that has been impacting the market for nearly five years.
"The gains in sales in the latter part of this year have been a bit surprising considering the job losses and unemployment rate in our city," said CREB® chief economist Ann-Marie Lurie. "However, it is important to note that the shift to more balanced conditions has been mostly driven by the reduction of supply."
Tighter conditions in the housing market have contributed to some of the recent gains in benchmark prices. As of November, the benchmark price was $423,600. This is nearly two per cent higher than last year's levels.
However, conditions vary depending on price range. There is not a lot of supply for affordable homes in each product type because of high demand. This is likely causing differing price trends in the lower end of the market versus the higher end.
*Months of supply: The ratio between inventory and sales which represents the current pace of sales and how long it would take to clear existing inventory.
**Benchmark price: The monthly price of the typical home based on its attributes, providing the best measure of price trends.
Avoiding the #1 Cause of Seller Stress
Do you know what causes the most common source of stress when selling your home? Is it scheduling buyer viewings? Is it the length of time it takes for your property to sell? Is it an offer that falls through? Those things can, indeed, cause some worry! But, the number one source of stress is actually simple to avoid. It’s not understanding the process.