Calgary Market Sept, 2018

City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August.

Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous months by 0.8 per cent and are 2.4 per cent below last year’s levels.

“Calgary’s employment market has persistently high unemployment rates at 7.9 per cent and recent job losses in full time positions. The struggles in the employment market are one of the factors weighing on our local housing market,” said CREB® chief economist Ann-Marie Lurie.

“A slow recovery in the energy sector combined with tighter lending conditions and competition from the new home sector are also contributing current housing market conditions.”

Citywide sales totaled 1,490 units this month, down nearly seven per cent from last year and 14 per cent below long-term trends.

Sales and price declines were not consistent across all districts and product types. Prices have recently trended down across most areas based on year-to-date figures, but have remained comparable to last year’s levels in the City Centre and West districts of the city.

“Both buyers and sellers need to be realistic about their objectives. Buyers need to be aware that price changes differ depending on what and where you are buying. The decline in sales does not mean price declines across the board,” said CREB® president Tom Westcott.

“Sellers need to be well informed to be competitive. They need a good understanding of what has been selling around them and how their property compares to homes that have successfully sold.”

HOUSING MARKET FACTS

Detached

Apartment

Attached

REGIONAL MARKET FACTS

Airdrie

Cochrane

Okotoks

Listing Details

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1015 SYDENHAM RD SW - MLS® # C4213480

Property Details


List Price
$6,995,000
Living Area
5,698 sqft.
Bedrooms
5
Bathrooms
5 full, 1 half
Lot Size Area
17986.5 sq.ft.
Taxes
N/A
Type
Detached
Style
2 Storey
Basement
Full
Year Built
2016

Description

Maillot Homes new 5,500 sq. ft. executive estate residence in Upper Mount Royal with spacious interiors and open concept evoke a gallery-style feel. This Frank Lloyd Wright inspired home is ideal for those seeking modern comfort and timeless livability. Every room and inch of the impressive 1/3-acre lot is a conversation piece that will have guests in awe. This five-bedroom, six-bathroom home brings together thoughtful design, imagination and exceptional craftsmanship - exquisitely thought out and planned rather than over the top. The must-see master bedroom features an eye-popping 600 sq. ft. grand walk-in closet, Sub-Zero beverage centre, wine fridge and coffee bar. The interior layout seamlessly connects the home and its residents. Highlights include a white oak & granite finish; folding wall-length Tesoro patio door system; Sonos sound system; Hansgrohe & Kohler fixtures; Wolf/Sub Zero appliances & wine cellar; state of the art alarm, four-car garage and stylish Federal Renaissance personal elevator

Listing Provided By

ROYAL LEPAGE BENCHMARK

Last Updated

2018-12-13

CREB The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

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  • Ana McFadyen
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  • Orange Jigsaw Real Estate
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