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221 Miskow Close
Feature Listing
PRESTIGIOUS LOCATION, QUIET LUXURY!
A quality mountain home with ample space, three level layout and great design! The vaulted upper level has open concept kitchen/living room, dining area, master with ensuite and a powder room. There are 2 decks, one front to enjoy the views and one back for barbequing and peaceful enjoyment. The main entry level has a front room office with stunning 3 sisters views, family area with a 3rd deck, garage access/mudroom/laundry area, 2nd bedroom and bathroom. The lower level has additional living or media room space with walkout to a private treed reserve, 2 additional bedrooms and bathroom. This home has been recently landscaped front and back. Upgrades include alder hardwood matched main and upper levels, central vac, shutters in master and lounge, Levelor blinds.
$1,095,000
| CONTACT LOUISE FOR MORE INFORMATION
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Calgary Resale Market Remains In Balance
Inventories continue to fall, but sales growth eases to keep market stable |
Calgary, Dec. 3, 2012 - Residential sales in the City of Calgary have increased by 15 per cent on a year-to-date basis, and were up 8-per-cent in November compared to the same month in 2011.
Nearly eight consecutive months of double-digit, year-over-year sales growth has caused inventory levels to decline because new listings have not kept up. However, the ratio between sales and inventory indicates the market remains in balanced territory.
"With fewer inventories in the market, consumers are eager to view new listings and if consumers see value they will buy," said Bob Jablonski, CREB® President. "However, the market is not demonstrating the same frenzy that we saw during the overheated period.
"Clients are more cautious today and considering all their options. They have reverted back to considering if this is a home they can stay in for many years, because the quick equity gains are less likely."
The 15-per-cent year-to-date increase in the city brings sales activity to levels more consistent with long term trends. Meanwhile, new listings have declined by 6 per cent after the first 11 months of the year, resulting in an average 17-per-cent decline in inventory levels, which were considered elevated. The months of supply have stayed within the lower range of the balanced territory throughout the year, and this has supported the city-wide average year-to-date benchmark price growth of 5 per cent.
Single family sales totaled 1,006 for the month of November, a 5-per-cent increase compared to 2011. Winter season typically sees a drop in sales activity, new listings and ultimately lower inventory levels.
Inventories declined to 2,586 units and sales activity also declined over the previous month, keeping the market in balance. Meanwhile the unadjusted benchmark price for single family homes was $433,600 in November 2012, unchanged compared to the previous month, and 8.5-per-cent higher than levels recorded in November 2011.
After 11 months of the year, condominium apartment and townhouse sales increased by a respective 11 and 17 per cent compared to the same period in 2011. The apartment market has remained in balance throughout most of the year, leading to some price gains following the declines recorded throughout much of 2011.
As of November, the benchmark price for an apartment condominium in Calgary was $248,000, while townhomes were $282,800. Both sectors of the condominium market recorded a 4-per-cent increase this month relative to November 2012. However, on a year-to-date average, this growth drops to 2 and 3 per cent for apartment and townhouse respectively.
"Despite elevated concerns regarding household debt and activity in other Canadian markets, the housing market continues to demonstrate resilience in Calgary," said Ann-Marie Lurie, CREB® Chief Economist. "This is related to the migration, wage and employment growth recorded in the city."
"Price growth has been stronger than expected, mostly due the single family market. However, it has leveled off as consumers' sensitivity to price has encouraged them to consider their housing options in the well-supplied surrounding areas and the condominium market."
"While the Calgary area market has been improving, it is not on the cusp of a dramatic rise or fall. Slower growth trends in the employment market along with changes in lending policy and near-term challenges in the oil sector will likely dampen demand, preventing a boom. The decline in new listings will compensate for any adjustment in demand, helping maintain price stability in the market."
The monthly statistics package is available here.
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Calgary Resale Housing Market Sales Strong In November
Sales up nearly 7% over last year
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By Mario Toneguzzi,
CALGARY - Calgary's resale housing market continues to defy a national cooling trend.
With one day left in November, data from the Calgary Real Estate Board indicates total MLS sales and average prices during the month in the city are elevated from last year.
From November 1-29, there have been 1,390 total MLS sales, up 6.92 per cent compared with the same period a year ago and the average sale price has risen by 4.90 per cent to $433,590.
"Employment levels have been rising for a couple of years which has helped sustain resale activity in Calgary," said Richard Cho, senior market analyst in Calgary for Canada Mortgage and Housing Corp. "Calgary has seen gains in full-time jobs since the beginning of 2011. Sales in the Calgary (census metropolitan area) are on pace to reach 26,000 units, up 16 per cent from the previous year.
"The average price in Calgary has risen. Part of this is due to more balanced conditions as well as a higher proportion of homes sold in the higher price ranges."
Every housing category in the city has seen strength in numbers this month.
In single-family homes, there have been 960 sales, up 3.56 per cent from last year, with the average sale price moving up by 3.93 per cent to $488,155.
The condo apartment category has experienced 245 transactions, an increase of 6.52 per cent, while the average price has risen by 22.14 per cent to $309,235.
In the condo townhouse sector, the average sale price has jumped by 3.15 per cent to $315,126 and sales are up 29.37 per cent to 185 transactions.
On Friday, the Conference Board of Canada released its regular monthly resale housing market report of major centres across Canada and it said the average year-over-year price growth for the latest three months in Calgary is between three to 4.9 per cent.
In October, the seasonally-adjusted annual rate of sales in the Calgary census metropolitan area was 27,312, up 22 per cent year-over-year while new listings of 39,864 were down 8.4 per cent.
The average residential sale price of $423,468 was up 5.5 per cent from last year.
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10 Ways to Enhance Your Home to Sell In Winter
If your home will be for sale this winter, it is important to master certain seasonal issues that are less significant or even non-existent at other times of the year. Here are 10 bits of sage advice from RE/MAX agents that can help put a "Sold" sticker on that yard sign.
If your home will be for sale this winter, it is important to master certain seasonal issues that are less significant or even non-existent at other times of the year. Here are 10 bits of sage advice from RE/MAX agents that can help put a "Sold" sticker on that yard sign.
Let Those Lights Shine: The best way to combat winter's short and frequently cloudy days is to turn on your house lights. For a showing, every single light in the house must be on, even in the closets and utility/mechanical rooms, according to Marlene Granacki of RE/MAX Exclusive Properties, Chicago.
"Make sure all the bulbs are working, and stock up on all the right bulbs for lamps and fixtures so burned out bulbs can be replaced immediately," she advises. "Also, it's a great idea to keep the lights on in the front of the house even if no showings are scheduled. People are always driving past the house, and keeping it lighted makes it look happy and welcoming."
She also advises opening the drapes and blinds during the day to let in light and let visitors enjoy the view.
Provide Convenient Parking: It's vital that buyers have a convenient place to park. They won't want to walk very far in cold weather or be forced to climb over a snow bank to exit their vehicle. Because parking is often more restricted around condominiums, sellers should make sure their agent can pass along parking details to buyers.
Make It Easy to Enter: Winter showings can get off to an awkward start if prospective buyers arrive with snow or salt on their shoes.
"Make it easy for buyers to deal with their shoes when they arrive," recommends Barbara Hibnick of RE/MAX Showcase, Long Grove, Ill. "Put a festive area rug at the front door for a great first impression and so visitors can wipe their feet. Have slippers or disposable booties available, along with a bench or chair, if there is room for one, where a visitor can sit and easily remove or put on their boots."
Keep Odors Under Control: Any home tends to be stuffy in winter when windows are opened rarely. That can allow odors to build up, which can be a turn-off to buyers.
"Pet odors can be especially worrisome in winter," says Mike Mondello of RE/MAX Synergy in Orland Park, Ill. "Use a room fragrance if needed, but nothing too strong, and I recommend that in winter sellers clean more often." For example, change the cat litter daily, rather than every third or fourth day, or even consider using an air purifier.
If pets are in the house, consider setting the thermostat control so that the furnace fan runs constantly during the day to keep air moving through the house and dissipate odors. Also try to avoid strong cooking odors, especially if a showing is scheduled that day.
Cultivate a Festive Look: Appropriate decorations for Thanksgiving, Christmas and even St. Valentine's Day help give a home a cheerful look during the winter months.
"I really believe that holiday decorations can help homes sell, but don't go to excess," suggests Starr Zook of RE/MAX On Track in Aledo, Ill. "Keeping small, decorative white lights on trees and bushes pretty much through the winter season is fine, but other decorations should be taken down quickly once the holiday passes."
Don't Ignore the Outdoors: Make a good first impression on buyers with a neatly maintained yard. Walks and steps should be kept clear, especially of snow and ice.
Look after Condo Common Areas: If the home you are selling is a condominium, your job as a seller may be relatively easy in winter, with no snow to shovel or yard work to worry about. However, that is only the case if your condominium association does its job well.
If the association isn't doing it, the homeowner may have to take responsibility for keeping the entrance area and hallways clean. If the association isn't getting snow shoveled promptly, consider buying some de-icing salt and sprinkling it judiciously around the building entry.
Don't Roast Buyers: We all tend to prefer a specific temperature for our homes during the winter, but don't blast buyers with hot air. Keep the temperature at a comfortable 65 degrees for all showings. Remember, buyers are likely to be wearing their coats even as they walk through the house.
Keep Seasonal Clothing under Control: "One major challenge of selling a home during the winter months is the overabundance of cold weather gear that must be stored," says Mike Mondello. "A buyer doesn't want to find the mudroom filled with boots or the hall closet overflowing with heavy coats. Shift some winter coats to another closet and put anything not needed in the closet into storage."
To keep gloves and scarves from piling up in the front hall or mudroom, put a special container for them, such as a decorative chest, where the family typically enters the home.
Encourage Day Time Showings: A home shows to its best advantage during daylight hours, which are relatively scarce in winter.
"Encourage your agent to show your home before 3 p.m. and have it ready to show by 9 a.m. if you want the best results," Granacki recommends.
Despite the special challenges of marketing a home during winter, there also are benefits, notes Laura Ortoleva, a spokesperson for the RE/MAX Northern Illinois real estate network.
"Buyers out looking at homes in December or January are, as a group, quite serious about buying. Therefore, sellers tend to benefit because each showing is more productive, and fewer showings are needed to sell the property," she said.
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Thanks for reading and I will send you more info next month.
For all your real estate needs I am ready and willing to help you take that next, very important step.
Sincerely,
Louise Fuller
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