Once in a while I look for homes that just draw my eye for location, and opulence. I found a home in Eagle Ridge - backing onto park and near Hertiage Park the the Glenmore Reservoir.
$2,475,000.00
5485 square feet
Gorgeous property
For the discerning buyer - Luxury Real Estate
“While there have been some conflicting opinions on the national housing market, particularly with price expectations, the Calgary housing market does not appear to reflect either a boom or a bust scenario, and is simply returning to activity levels consistent with a normal market,” says Lurie. “The current low supply in the single-family market has pushed up pricing slightly higher than anticipated. However, sufficient supply in the remaining housing industry combined with economic uncertainty will likely prevent a repeat of the price jumps recorded in the not-so-distant past.”
sometimes the "media" isn't right...but thats just an opinion
Thank you to Mayor Peter Brown, The Calgary Real Estate Board Team and the Ramada Inn - all in Airdrie this morning to give us the inside scoop on the Real Estate Market.
A snapshot of what was said,
Airdrie sales are up 38% for 2012
Our Market is fairly BALANCED right now
WE are still 5% below our PEAK prices of 2007
Prices are up 3 1/2 % from last year
CALGARY market is still about 20% higher priced than AIRDRIE
BUT in Airdrie you can GET a LARGER HOME - MORE YARD and a GREAT lifestyle.
** Apartment Condo's and TOWNHOUSES have not recovered and lag behind by 26% from the PEAK prices of 2007.
ADDING A TOUCH OF COLOUR
White: for centuries has been used as a symbol of purity and sterility, which
Is why it is often the colour found in public washrooms. White is a simple colour that looks good in any bedroom, and can be used to join two colours together.
Black: this colour brings forth very strong feelings. It can be used as an accent colour, but should be avoided as a main colour. Studies have shown that prolonged exposure to rooms painted black can bring on depression
Blue: Overusing blue can make a room appear cold. Blue is ideal for offices as it has been shown to make people work more productively.
YELLOW: This is a cheery and happy colour that is perfect for a child’s room or nursery. Lighter shades of this colour are preferable, as rich tones have been shown to bring on headaches and nausea.
Pink: This is a very feminine colour that should also be used in small doses. Lighter shades are ideal, as darker hues can make a room look tacky.
Green:It’s a fresh, cool and calming colour that is great for bedrooms, kitchen, bathroom or living room. Throughout history green has been associated with nature and the earth.
Red: This colour is perfect for dining rooms or kitchen as its believed that it simulates appetite.
Orange:If you’re looking for a colour that will stimulate the mind and give you energy then orange is the colour your looking for. This would be best for a study or play room.
A new survey indicates that home prices were on the increase throughout most of the country last month, including Calgary.
According to the Canadian Real Estate Association's Home Price Index, prices edged up more than 5 percent in March when compared with one year ago. Some of the biggest price increases were in specific metro areas, such as Toronto, which posted a year-over-year increase of 7.3 percent, followed by Vancouver at 5.3 percent, Fraser Valley at 3.3 percent and Calgary at 2.6 percent.
Gregory Klump, CREA's chief economist, noted how the rise in home prices is in line with how the market generally fares in the springtime.
"With that in mind, it's important to look at month-to-month movements in the context of how they compare to the same period in previous years," said Klump. "While the overall monthly price increase was on par with last year's figure, it masks slowing price momentum in the Lower Mainland area of British Columbia."
He added that the more reduced pace of price gains in these areas was countered by the considerable growth in Calgary, Toronto and Montreal.
Prospective homeowners looking to capitalize on the improved valuation of properties can take advantages of affordable Calgary mortgages with Jencor, as fixed rates have hit record lows.
Courtesy of Cathy Lewis from Jencor Mortgage
I've personally used Cathy's services for over 10 years.
403-245-3636 (Calgary)
While affordable mortgage rates in Calgary are enabling many people to buy a property inexpensively, individuals who are looking to purchase a condo sometimes run into financial trouble due to condominium fees.
According to a recent poll conducted by Environics Research Group, which surveyed Calgarians who have or are looking to purchase a condo, 41 percent of respondents said they would need to look for a new place if their fees were to increase.
To prepare for fees that may come unexpectedly, mortgage specialist Jessy Bilodeau offers some suggestions.
"You can prepare for a fee increase by building a buffer into your monthly housing budget," said Bilodeau. "That way if fees go up, it won't be a major shock to your cash flow. If they don't increase, you have extra money to put aside in savings or towards your mortgage."
The poll also looked at what Calgarians thought were the most important aspects of a condo before purchasing one. The top vote-getters included good building security, low condo fees, a balcony, energy-efficient building features and attractive interior design.
THE Expenses associated wiht a property portfolio are more easily overlooked:
1-Get Organized - I've been using a spreadsheet for my monthly expenses. There are several you can find and work on in the icloud.
2-Know Your Expenses - advertising, buisness use of home expenses, Condo fees, Continuing education, consultant fees, insuarnce, Interest, Management fees, Motor Vehicle expenses, Office Expenses, Property Tax,
Repairs and maintenance, Salaries and wages, Telecommunitications, Travel, Meals and lodging, Utilities
3-Know your captial Costs
4-Refuse a Salary - depends on the size of your portfolio
5-GST/HST - be vigilant
6-Start a Tax Free Savings Account (TFSA)
7-Disclose Foreign Investments
8-File on Time
Terri's Tidbit for today
303 that's how many listings we have in Airdrie as of March 28, 2012.
247 which are single family homes / 56 which are condos = 303 properties
98 HOMES have SOLD in the last 30 days as of March 28, 2012
22 CONDOS have SOLD in the last 30 days as of March 28, 2012
HISTORY TELLS us
The Past 30 days
Average house size sold in Airdrie is 1650 sq.ft. for $373,045.00 - days on market 47
The Past 90 days
Average house size sold in Airdrie is 1645 sq.ft. for $365,703.00 - days on market 60
****** the market has picked up and our prices have slighty increased with sales
occuring a bit faster than 2 months ago *******
Call ME or Text ME today - 403-827-4663 Let's Get Moving
Terri Stephens