October 2008

Here are some important statistics about Calgary's Real Estate in Uncertain Times.

• 2001, the last time the stock market melted, we saw a global rush into real estate as a tangible asset both from investors + individuals eager to purchase ‘brick + mortar’ rather than keeping their investment portfolio in the stock market
• The Prime Lending Rate just dropped by .5%; there are indications that it may drop further
• Real Estate Prices are up .05% year to date. Important to note that sale prices are still down 5.4% from last September + a total of 12% from the high in 2007
• Sales are up 10% from last September 2007
• Listing Inventory city wide is Decreasing; currently fewer homes on the market than September 2007

The past few weeks have been bumpy.

Our expectation is that the market will stabilize with the Canadian election decided, the American election just a few weeks away + the current global response to stabilized banking + world economies.

History suggests that in uncertain times real estate remains a viable investment tool.

Feature Listings

1727 47 AV SW
Altadore/River Park - $1,080,700

Outstanding executive family home on large 54 x 125 foot treed lot with sunny south backyard and located on a quiet street. Extensively renovated just this year with no time for sellers to enjoy as they have been re-located. No expense was spared in creating this functional open layout with brand new kitchen, complete with new windows, custom cabinets top of the line appliances, matte granite counters, apron sink and breakfast bar. Other features include distressed plank walnut floors, new gas fireplace, main floor powder room, newer sliding doors to new deck, mudroom + more. Excellant layout + 5 bedrooms. This is an outstanding value for a one of a kind home located close to all levels of school, parks and sports amenities. Very close to downtown, the pathway system + Marda Loop. …More

2523 LAURIER CO SW
Lakeview Village - $1,999,000

Fabulous property! Backing south onto Glenmore Park this 2800 square foot executive family home has been extensively renovated and is situated on spectacular 17,452 Square foot lot. Recent upgrades include fabulous kitchen renovation, all bathrooms, carpeting, paint, light fixtures and more. Outstanding layout with large principal rooms ideal for entertaining and family living. All 5 upper bedrooms are spacious and master features a new ensuite bath and large closet. This home offers an opportunity to enjoy both a wonderful home and unbeatable lot. Lakeview Village is a desired quiet community just moments to downtown. …More

Useful Links

• RE/MAX Central
• Calgary Real Estate Board (CREB)
• The Canadian Mortgage and Housing Corporation (CMHC)
• Calgary MLS® Listings
• City of Calgary Property Assessments By Community

Residential Listing Statistics

Last Updated: January 5, 2009, 11:00 pm

We have qualified buyers in every buying category city-wide.

Call us today to Buy or Sell 403-543-4499

Rooney, Cronin + Valentine are Calgary’s #1 RE/MAX Sales Team successfully navigating a changing marketplace!