Homeward Bound March 2019


Spring is Springing
 
Almost, anyway! While you can't quite see it yet, you can definitely feel it. The air is a little warmer, the sky is a little brighter (thanks, daylight savings), and the snow is a little...meltier?
 
It seems like most of the city is coming out of hibernation after surviving the February deep freeze. The pathways are bustling and we bet we see a few patios open their doors for those nice days when we can pretend summer is here.  Take advantage of that burst of spring fever energy to start working on your outdoor space now, so you can relax an enjoy it later. There are so many hacks for creating a beautiful, low-maintenace yard without a hefty price tag. 
 
Cost Saving Tips For Your Outdoor Reno
 
Plan Ahead - 

  • Choose the items that fit your current budget
  • Leave space in your design to add future improvements so you don't have to tear anything out to upgrade later
  • Reserve plants, furniture and landscape items that can be reused
 
Shop Smart - 

  • Check out Facebook and Kijiji for cheap or free items
  • Shop end of season clearance sales
  • Buy young plants or seeds and grow them inside until it's planting time
  • Ask friends or family if they have outdoor items they are looking to get rid of
 
Save Money, And Work - 

  • Opt for wider spacing of stones and fill gaps with gravel or mulch
  • Use concrete pavers and bulk gravel to reduce costs
  • Contact local suppliers for extras, offshoots, and overages of brick, stone and sod
  • Get friends or neighbours to split bulk items
 
Plant Power - 

  • Find out which plants will thrive in your yard’s micro-climate
  • Choose perennials over annuals
  • Opt for plants that spread quickly if you want to fill a large space
  • Choose varietals that match your gardening style
 
Fully Furnished - 

  • Find garage sales, or shop Facebook or Kijiji for cheap items
  • Look for durable indoor furniture that could go outside
  • Use chalk paint for a low cost upgrade
  • Mix and match for a cheerful, eclectic vibe
 
Finishing Touches - 

  • Edging along pathways is a low cost way to get a clean fresh look
  • Use detail items like large stones or fence sections selectively
  • Recover old patio cushions to refresh your furniture
 
Congratulations to our neighbours and friends, Allan and Wendy

Though their current home was only on the market for 34 days, it was a roller coaster of a process as they waited to be able to say yes to their new purchase. Their composure and diligence paid off, and we are looking forward to welcoming them to their new home later this month.
 
We’ll miss seeing you in the neighbourhood, and we wish you all the best in your new home!
 
Market Snapshot
 
Average days on market is high at 72.8 days
The recent deep freeze affected market activity, and buyers are now coming back out for spring
Benchmark prices are down 5% from this time last year
Initial pricing trends are clear. The longer a home is on the market, the lower the sale price, with the biggest drops happening in the first 30 days!
Buyers are biding their time waiting for price reductions, and many are making low offers on homes that have been on the market a while as they hunt for deals
Sellers may still see a spring purchasing frenzy, but should be prepared to assess and adjust market positioning and price quickly to capture a spring sale
 
 
Upcoming event
 
We hope you’ll be able to join us for our annual Neighbour’s Day Block Party on Saturday, June 15th. Save the date!
 
March Preferred Partner
 
It’s never too early for spring cleaning! Not sure where to start? Give our friends at DeClutter SOS a call to de-clutter, downsize, and de-stress your life! No matter the size of your project, DeClutter SOS can help you get started, manage the process, and even take over the work for you. Make this spring your lightest, cleanest, and most organized ever.
 
403.390.5897
Facebook: @DeClutterSOS
 
 
The Truth About Our Guaranteed Sale Program, And How It Works
 
We get asked alot about our Guaranteed Sale Program. Essentially, if you trade up to one of our listings, we will write you a written guaranteed offer on your home to free you up to purchase your next one. Check out the end of the video at the top of the page for the full details.

Your Referrals Help People Living With Juvenile Diabetes
 
For every referral we receive, we donate $100 to the Juvenile Diabetes Research Foundation. Learn more here
 
Have a fantastic March, and we'll chat in April!
 
Cheers,
 
KR


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I have listed a new property at 7 TUSCANY VISTA RD NW in Calgary.
Large windows and natural light highlight an open floor plan in this fantastic family home. A fireplace in the living room creates the perfect spot to relax in the evening. The kitchen features a massive island with a raised eating bar, plus a full pantry and plenty of cabinet and counter space. Gorgeous dark granite is a lovely contrast to warm toned cabinets, while coffered ceilings in the sun drenched dining area add an elegant touch. A main floor office is an added convenience. The master is spacious, and the ensuite features a soaker tub and a glass shower, plus a hidden walk-in closet! Two more large bedrooms, a bathroom, and a bonus room make up the top floor. A professionally finished basement includes a bar and fireplace as well as another bedroom and bathroom. The garage is a dream with cabinets and suspended storage. A unique lot orientation makes this one of the most private and quiet yards on the street. Steps to schools, parks, and a short drive to all amenities, this home has it all.
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I have listed a new property at 1927 48 AV SW in Calgary.
Quality is evident in every detail of this Niro built Altadore home, which features an open design, high end finishings, large windows and thoughtful lighting. Wood tones contrast with light walls and cabinetry for a warm, modern vibe. A stone fireplace adds eye-catching texture to the space. Elite appliances include a six burner gas range, and a sleek island completes the showroom kitchen. Wood and glass rails frame open stairs to the upper floor. The south wing is a private master retreat, featuring a large walk-in and an elegant ensuite with a steam shower, in floor heat, and a soaker tub. The north wing offers two bedrooms, a bathroom, and laundry. The lower level is set for entertaining with a bar, a fourth bedroom and bathroom, and heated floors. A south yard features a patio for outdoor living and a double garage off the paved back lane. A three zone Sonos system, A/C and in-ground sprinklers are added luxuries. This home is steps from Sandy Beach and Glenmore Park with easy access to major routes.
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I have listed a new property at 3308 40 ST SW in Calgary.
This charming home is set in the quiet heart of Glenbrook. Beautiful large bay windows face west to let in the sunset light. Great original hardwood, knockdown ceilings, and fresh paint create a clean, bright and welcoming space. A unique layout offers a cozy family room with a fireplace off the kitchen, while the front living and dining rooms remain more formal. A main floor powder room is an added convenience. Upstairs, the spacious master features bay windows perfect for a reading nook, as well as an ensuite and a walk-in closet with built in storage. Two additional bedrooms and a bathroom complete the upper level. A clean and bright unfinished basement is a clean slate ready for your renovation dreams. A low maintenance back yard is tidy and centres around a massive deck. Just steps from schools and shopping, this home is perfectly located near all amenities and major routes.
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I have listed a new property at 2704 42 ST SW in Calgary.
On the corner of a quiet street in desirable Glendale, you’ll find this charming original bungalow. A large bay window floods the main living area with light, and a statement fireplace and pristine hardwood create a warm and comfortable space. A clean and functional kitchen features a unique serving window as well as a wall oven. Three large bedrooms on the main floor is a fantastic traditional family layout. The lower level makes a great rec area or games room, and an additional bedroom and bathroom in the basement are ideal for older children or guests. The large yard is fenced and the patio is ready for your summer gatherings. A single detached garage and a garden shed provide parking and storage off the back lane. This home is ideally located with easy access to all amenities; just walking distance to parks and schools, and near shopping and the LRT. Don’t miss the chance to own in one of Calgary’s best neighbourhoods.
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I have listed a new property at 274156 192 ST E in Rural Foothills County.
Wishing for an acreage but not ready to give up the convenience of city living? With this beautiful bungalow on 63 acres only 20 minutes from Calgary, you can have your space and amenities too. Rich cherry wood throughout is warm and welcoming, and large windows flood the home with natural light. A stone fireplace is the centrepiece of the living area. The spacious kitchen is cheery with a bright eating nook. The master suite is spectacular, with a luxurious ensuite complete with dual sinks, a shower, soaker tub, and a dressing area with a vanity next to the walk-in closet. The master and the large den offer access to the deck that runs along the west side of the home. The second bedroom is convenient with a cheater ensuite. A third bedroom and a powder room complete this lovely home. The walkout basement is unfinished and ready for your development dreams. Mountain and city views, and the nearby river make this a fantastic location for a business or horse property, or subdivide for even more options!
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I have listed a new property at 3525 43 ST SW in Calgary.
Fantastic starter home or rental property in desirable Glenbrook! This well maintained unit features new laminate and paint throughout. Plenty of options for easy upgrades make this a great first home you can truly make your own while staying within your budget. The spacious living area looks out the sliding glass doors to the patio, which opens onto a peaceful green space complete with mature trees. A convenient galley style kitchen offers plenty of cabinet space, a full size fridge and a dishwasher. Both spacious bedrooms have large closets provide an ideal set up for overnight guests or roommates. This complex is perfectly situated beside the Glenbrook Community Association and Glenbrook school, one block to major bus routes, and only a short walk to the Glamorgan shopping centre. Become a homeowner today!
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I have listed a new property at 1910 3 AV NW in Calgary.
The charming exterior of this West Hillhurst home gives way to a modern interior space for the perfect balance of traditional and contemporary. The kitchen is bright and warm with cherry cabinetry, granite counters and a massive breakfast bar. The living area features wall length built-ins around the fireplace. Angled shiplap ceilings add a touch of character to a den or office space. There is New carpet upstairs and fresh paint throughout. The large master's luxurious ensuite has a soaker tub and dual closets. A fourth bedroom and an additional bathroom downstairs are ideal for older children or guests, and the family room is the ultimate movie night hang out. The yard is a haven, with a deck, large grass area, and an amazing private patio with a hot tub. The garage has a games room next to the hot tub, taking your backyard get- togethers to another level! This home is located just minutes to downtown, blocks from shopping, parks, restaurants, and is two doors away from Queen Elizabeth School.
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I have listed a new property at 212 130 AUBURN MEADOWS VW SE in Calgary.
Auburn Meadows Walk is one of Auburn Bay’s most desirable new buildings, and this stunning condo is the only unit currently for sale! The kitchen is beautiful in rich wood and sleek granite. A massive island and a full size pantry make storage and meal prep a breeze. Upgraded appliances include a French door fridge and a wall oven. The open living space is large and bright, perfect for entertaining. In the master, a walk through closet leads to a gorgeous ensuite. A second bedroom and bathroom are on the opposite side of the unit for optimal privacy. The spacious deck looks out over a quiet green space and pathway, tucked next to the Auburn Bay shopping centre. The location of this home is amazing, within steps of all amenities including shopping, restaurants, parks and schools. This gorgeous condo won’t last long, book your showing today!
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I have listed a new property at 1110 42 ST SW in Calgary.
Quality craftsmanship in this Rosscarrock home has created a beautiful, warm, and welcoming space. The main floor is breathtaking, with architectural details and deluxe finishings. A three-sided fireplace is a lovely focal point and smart visual division of the living area. The bright and spacious kitchen features rich wood tones and beautiful tile work. A generous island with an eating bar and a full pantry are added luxuries, while sleek granite and elite appliances complete the ultimate chef’s kitchen. Upstairs, the master with its gorgeous ensuite is a peaceful oasis. Two additional bedrooms, a bathroom, and upstairs laundry finish this level. Downstairs, large windows, high ceilings and great lighting make the lower level equal parts bright and cozy; perfect for entertaining as guests pull up a seat at the bar. A fourth bathroom and bedroom here are convenient for overnight guests. The pergola and terraced patio in the landscaped yard are ideal for outdoor entertaining or enjoying the hot tub.
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I have listed a new property at 401 315 24 AV SW in Calgary.
This fantastic condo in the heart of Mission is just steps from the best restaurants in Calgary as well as walking distance to the c-train, river paths, and 17th Ave. Bright and open, this west-facing corner unit is newly renovated and features high-end laminate flooring, 9-foot ceilings and new paint. The sleek galley kitchen is lovely, with an eating bar, subway tile backsplashes and Quartz counters. A new double undermount sink and a high arc faucet are gorgeous touches. The living room looks out large windows toward 17th Ave and the balcony offers views of downtown. The master is spacious and light, with a large walk-in closet. Recent upgrades in the bathroom include Quartz counters and a new sink and faucet. In-suite laundry is an added perk, as is the gas hook-up for your BBQ on the balcony. A front closet provides additional storage, and this home also includes a separate storage unit in the building. Whether this is your first home, or your home away from home, check out this amazing condo today!
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Please visit our Open House at 1927 48 AV SW in Calgary.
Open House on Sunday, March 10, 2019 1:00PM - 3:30PM
Quality is evident in every detail of this Niro built Altadore home, which features an open design, high end finishings, large windows and thoughtful lighting. Wood tones contrast with light walls and cabinetry for a warm, modern vibe. A stone fireplace adds eye-catching texture to the space. Elite appliances include a six burner gas range, and a sleek island completes the showroom kitchen. Wood and glass rails frame open stairs to the upper floor. The south wing is a private master retreat, featuring a large walk-in and an elegant ensuite with a steam shower, in floor heat, and a soaker tub. The north wing offers two bedrooms, a bathroom, and laundry. The lower level is set for entertaining with a bar, a fourth bedroom and bathroom, and heated floors. A south yard features a patio for outdoor living and a double garage off the paved back lane. A three zone Sonos system, A/C and in-ground sprinklers are added luxuries. This home is steps from Sandy Beach and Glenmore Park with easy access to major routes.
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One...more...day....of minus temps...then we should be out of the woods. Sellers are hoping that the buyers start coming out of hibernation, because the first quarter has not been kind to people trying to sell their current home.

 
Average Days on Market
 

With an average days on market this high, sellers are getting extremely frustrated...and for good reason. As of February, citywide benchmark prices were $414,400. This is nearly five per cent below last February, slightly lower than last month’s figures and over 10 per cent below highs recorded in 2014. Inventory continues to be elevated, and there doesn't seem to be much on the horizon as far as economic indicators that would say there is an end in sight. 

However, houses still sell. There has to be houses to buy if we are in a buyer's market...otherwise we wouldn't have a market!

What does it take to sell in this market? A good marketing plan/strategy? Good advice? Reading and reacting to weekly data? Pricing? All of these have a role in a successful sale, but the most important factor is pricing it correctly, right out of the gate. Take a look at the graph below. This is a representation of a $500,000.00 home (somewhat average in this market), and how time on market can affect the price you get for your home. 

Average Days on Market

So what happens if you miss the market at the beginning of your listing (which happens A LOT of the time, especially in a market as unpredictable as ours)? Well, selling a home is a lot of testing and adjusting, and the clock is ticking the second you hit the market. You can see that you really only have 10 day chunks of time to react to the market, and keep the buyer pool engaged. As every day goes by, your listing gets more and more stale in the eyes of a buyer....the feeling of "well, if no one else wants it, why would I?" Maximize your dollar in today's market looks like this.... put your home on the market, gauge the interest, and start dialing the price in until you get a steady flow of showings. It really is like turning the gas up on a stove...you'll know when things are getting really hot as the showings go from nothing, to a trickle, to a steady stream. Once you see a steady stream, a small tweak and some patience are all it will take to get an offer.

For more info on our 30 days to sold marketing plan, give us a shout...we'd be happy to show you how we do it.

Also, click here for the full stats package for March 2019 from the Calgary Real Estate Board...or to see a quick overview, scroll to the bottom of the page. We'll talk to you next month!

Cheers,

KR

 

Your Referrals Help Kids in Need. For Every Referral We Receive From Great People Like You, We Donate to Juvenile Diabetes - Our Simple Way of Giving Back

Type 1 Diabetes is an incurable illness that people battle for their entire lives after diagnosis. That's why at KRGroup, we've committed our support to those who are battling T1D every day by making a $100 donation to the Juvenile Diabetes Research Foundation every time you make a referral to us. A friend, a neighbour, a colleague, a family member - every referral counts! 

Click here to find out more about our Referral Program and how easy it is to be a part of it! 

 

Get Immediate Updates on Homes For Sale As They Come On the Market Straight to Your Inbox!

 
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Curious As to What Your Home Will Sell for In Today's Market? Click below for a Free Home Evaluation!

 
 
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HOUSING MARKET FACTS 

Detached 

• After the first two months of the year, detached sales were 1,079 units. This is 13 per cent below last year’s levels and nearly 30 per cent below long-term averages. Sales eased across all city districts except the North West. Activity remained well below normal levels across all districts of the city. 

• The adjustments in new listings ranged from a 15 per cent increase in the North West district to a decline of 23 per cent in the North district. Overall, year-to-date new listings were 2,544 units, nearly two per cent below last year’s levels. 

• Despite some adjustments in new listings, average inventories in the detached sector so far this year rose by 25 per cent compared to last year. However, some of the most affordable detached areas, including the North East and East districts, have seen inventories fall compared to last year. 

• With detached months of inventory remaining above five months, prices continue to trend down. In February, citywide detached benchmark prices were $475.600, 0.2 per cent below last month and over five per cent below levels recorded last February. 

Apartment 

• Despite the relative affordability of apartment product, sales activity remained slow with 149 sales. 

• Unlike the detached sector, the seventh consecutive year-over-year decline in new listings is starting to have an impact on inventory levels. 

• In February, inventory levels totalled 1,301 units. This is nine per cent below levels recorded last year. Inventories did ease, but slow sales in February kept the months of supply near nine months. 

• Apartment condominium prices were $252,300 in February, a 1.7 per cent decline compared to last year, but similar to levels recorded last month. Apartment condo prices have fallen by 16 per cent over the previous monthly highs. 

• Citywide benchmark prices have eased, but some districts of the city have recorded modest gains. This is not enough to erase previous declines, but points toward price stability in parts of the market. Attached 

• Conditions remained relatively unchanged in the attached sector, as months of inventory remained near seven months and prices have remained unchanged from last month, but over four per cent below last year’s levels. 

• Like the apartment sector, activity can vary significantly depending on location. Benchmark prices for semi-detached product eased by over five per cent compared to last year, with the steepest declines occurring in the South and City Centre districts. 

• Prices slightly improved in the North district. 

• Row prices declined by nearly four per cent compared to last year. Unlike the semi-detached sector, prices eased across all districts compared to last year and remain nearly 14 per cent below monthly highs.

 
Profile Image Ken Rigel
Team Lead
Ken Rigel Group
ken@krgroup.ca
(403) 207-1748 - Work | (403) 407-2724 - Mobile
www.krgroup.ca

*The Guaranteed Sale is offered by Royal Lepage Innovate. Some conditions apply. Contact us for details

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Ken Rigel Group
Royal LePage Innovate
2107 Sirocco Dr SW
Calgary, Alberta T3H 5P1
Canada
(403) 835-6338

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Please visit our Open House at 2728 49 ST SW in Calgary.
Open House on Saturday, February 23, 2019 2:00PM - 4:00PM
Beautifully updated and lovingly maintained, this bungalow is immaculate. The living room is a dream, with a bay window and cozy wood fireplace. Open to the living and dining areas, the kitchen offers ample counter and storage space, and french doors to the deck are ideal for enjoying your backyard oasis. The master features an ensuite as well as private doors to the deck, perfect for a morning coffee watching the sun rise. Original hardwood and new glass block details combine to preserve the charm of this home, while other renovations add modern comfort. A renovated lower level is bright thanks to large upgraded windows and includes an additional bedroom and bathroom as well as a family room with a gas fireplace. Upgrades include a new roof in 2018, and this home includes a second fridge and stove as well. The massive yard has space for the kids to play, plus an RV parking pad inside the gate. Glenbrook offers easy access to downtown and public transit, and is within minutes of schools and shopping.
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Please visit our Open House at 3308 40 ST SW in Calgary.
Open House on Sunday, February 24, 2019 1:00PM - 3:30PM
This charming home is set in the quiet heart of Glenbrook. Beautiful large bay windows face west to let in the sunset light. Great original hardwood, knockdown ceilings, and fresh paint create a clean, bright and welcoming space. A unique layout offers a cozy family room with a fireplace off the kitchen, while the front living and dining rooms remain more formal. A main floor powder room is an added convenience. Upstairs, the spacious master features bay windows perfect for a reading nook, as well as an ensuite and a walk-in closet with built in storage. Two additional bedrooms and a bathroom complete the upper level. A clean and bright unfinished basement is a clean slate ready for your renovation dreams. A low maintenance back yard is tidy and centres around a massive deck. Just steps from schools and shopping, this home is perfectly located near all amenities and major routes.
Read full post

I have listed a new property at 3308 40 ST SW in Calgary.
This charming home is set in the quiet heart of Glenbrook. Beautiful large bay windows face west to let in the sunset light. Great original hardwood, knockdown ceilings, and fresh paint create a clean, bright and welcoming space. A unique layout offers a cozy family room with a fireplace off the kitchen, while the front living and dining rooms remain more formal. A main floor powder room is an added convenience. Upstairs, the spacious master features bay windows perfect for a reading nook, as well as an ensuite and a walk-in closet with built in storage. Two additional bedrooms and a bathroom complete the upper level. A clean and bright unfinished basement is a clean slate ready for your renovation dreams. A low maintenance back yard is tidy and centres around a massive deck. Just steps from schools and shopping, this home is perfectly located near all amenities and major routes.
Read full post

I have listed a new property at 274156 192 ST E in Rural Foothills M.D..
Wishing for an acreage but not ready to give up the convenience of city living? With this beautiful bungalow on 63 acres only 20 minutes from Calgary, you can have your space and amenities too. Rich cherry wood throughout is warm and welcoming, and large windows flood the home with natural light. A stone fireplace is the centrepiece of the living area. The spacious kitchen is cheery with a bright eating nook. The master suite is spectacular, with a luxurious ensuite complete with dual sinks, a shower, soaker tub, and a dressing area with a vanity next to the walk-in closet. The master and the large den offer access to the deck that runs along the west side of the home. The second bedroom is convenient with a cheater ensuite. A third bedroom and a powder room complete this lovely home. The walkout basement is unfinished and ready for your development dreams. Mountain and city views, and the nearby river make this a fantastic location for a business or horse property, or subdivide for even more options!
Read full post

Please visit our Open House at 3308 40 ST SW in Calgary.
Open House on Saturday, February 16, 2019 1:00PM - 3:30PM
This charming home is set in the quiet heart of Glenbrook. Beautiful large bay windows face west to let in the sunset light. Great original hardwood, knockdown ceilings, and fresh paint create a clean, bright and welcoming space. A unique layout offers a cozy family room with a fireplace off the kitchen, while the front living and dining rooms remain more formal. A main floor powder room is an added convenience. Upstairs, the spacious master features bay windows perfect for a reading nook, as well as an ensuite and a walk-in closet with built in storage. Two additional bedrooms and a bathroom complete the upper level. A clean and bright unfinished basement is a clean slate ready for your renovation dreams. A low maintenance back yard is tidy and centres around a massive deck. Just steps from schools and shopping, this home is perfectly located near all amenities and major routes.
Read full post

Please visit our Open House at 1927 48 AV SW in Calgary.
Open House on Sunday, February 17, 2019 1:00PM - 3:30PM
Quality is evident in every detail of this Niro built Altadore home, which features an open design, high end finishings, large windows and thoughtful lighting. Wood tones contrast with light walls and cabinetry for a warm, modern vibe. A stone fireplace adds eye-catching texture to the space. Elite appliances include a six burner gas range, and a sleek island completes the showroom kitchen. Wood and glass rails frame open stairs to the upper floor. The south wing is a private master retreat, featuring a large walk-in and an elegant ensuite with a steam shower, in floor heat, and a soaker tub. The north wing offers two bedrooms, a bathroom, and laundry. The lower level is set for entertaining with a bar, a fourth bedroom and bathroom, and heated floors. A south yard features a patio for outdoor living and a double garage off the paved back lane. A three zone Sonos system, A/C and in-ground sprinklers are added luxuries. This home is steps from Sandy Beach and Glenmore Park with easy access to major routes.
Read full post
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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