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Real Estate Market Report - A New Paradigm

Newsletter Update Rooney Cronin + Valentine

June 2010

Spring update on Calgary’s Real Estate Market from Calgary's #1 Remax Team: Rooney, Cronin + Valentine

#1 RE/MAX Real Estate Team 2009, 2008, 2007
Top 1% in North America for Sales Production

SALES DROPPED

Pre-owned homes sales dropped in Calgary last month about 20% from the same time last year. This may be somewhat deceptive as last May saw a sharp increase in sales as the economy seemed to be turning around. Not-withstanding, sales are slowing down slightly as higher interest rates and global economic worries diminish the buyer pool. Does this mean we are entering another housing drop? We don’t think so, Calgary real estate was recently evaluated as the most affordable of all major Canadian cities for acquiring real estate, based on income, personal taxes and house prices. The last time we were in this position was 2004 after which the housing market took off.

Rooney, Cronin + Valentine have successfully sold over 70 million dollars since January. We take pride in representing sellers/buyers in all price categories, city wide and we have qualified buyers looking to purchase for possession prior to the end of the summer.

If you are considering selling, please call us at 403-543-4499

If you are considering buying, we have some outstanding properties for your consideration.

Our New listings and Newly priced listings are as follows:

$339,000 Woodlands – Great value for this starter home on quiet cul de sac
$339,000 Bowness - 50 foot lot in quiet location with rental home
$349,900 Kingsland – Cute house in quiet location requiring tlc c/s
$349,900 Rideau Park - Amazing 2 bedroom apartment with views c/s
$434,900 Killarney – Lovely brownstone 3 story townhome built in 2001
$460,000 Dalhousie – 4 bedroom two story home close to parks + schools
$480,000 Glendale Meadows – Recently renovated bungalow in fabulous location across from park open house
$499,900 Elbow Park - Vacant lot facing park + with west backyard, ready for new home
$439,000 Mountview - 3 bedroom bungalow on 50 foot lot in quiet location near golf course
$549,000 Bridgeland - Just reduced $60,000! This updated 3 bedroom suited bungalow is on a 60 ft R2 lot with city views
$559,900 West Downtown - Stunning 2000 sq ft 2 bedrooms 2.5 bathroom apartment with office + river, mountain city views
$899,900 Scarboro – Beautifully renovated character home with total of 5 bedrooms
$939,900 Bayview - Luxury executive bungalow with 2400 sq. feet + beautiful backyard sold
$1,040,000 Elboya - Gorgeous renovation just completed to this 2400 sq. ft. family home
$1,099,000 Mount Royal – Stunning 4 Bedroom Renovated Character Home on 50' lot open house
$1,099,000 Elbow Park - Traditional 4 bedroom two story renovated home with character preserved
$1,099,000 Elbow Park – Loads of space in this lovely 2700 sq. ft. split level facing park
$1,150,000 Cliff Bungalow - Beautiful turn of the century 3000 sq. ft. brick home with major renovations sold
$1,199,000 Bel Aire – Fantastic mid-century modern split level home on 12,000 sq ft lot, move in/renovate/build
$1,599,900 Roxboro - Exquisite 2300 sq. ft. Executive bungalow, with major renovations + in ideal location
$1,699,900 Elbow Park – Family home perched on 75 X 125 corner lot, ideal for renovation or rebuild
$1,990,000 Elbow Park - Lovely Contemporary 4 bedroom home ideal for family living + entertaining
$2,999,900 Rideau Park – Just completed, one of a kind custom built contemporary masterpiece

OPEN HOUSES

Saturday June 12th:
Mount Royal $1,099,000 1948 12 Street SW 2:30-4:00pm

Sunday June 13th
Glendale Meadows $480,000 4503 25 Avenue SW 12:00-1:30pm

Go to http://www.rcvhousepricing.com and pick the areas you are interested in to view recent sales and current active listings.

For all of your real estate needs call us at 403-543-4499. We welcome your calls + referrals!.

Donna Rooney, Gary Cronin, Warren Cronin + Sue Anne Valentine