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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925 DURHAM AV SW - MLS® # C4209311

Property Details


List Price
$7,500,000
Living Area
7,850 sqft.
Bedrooms
5
Bathrooms
5 full, 1 half
Lot Size Area
32690 sq.ft.
Taxes
N/A
Type
Detached
Style
3 Storey
Basement
Full
Year Built
1960

Description

One of a very few truly great estates in Calgary. Magnificently positioned on a 3/4 acre lot stretching from Durham Avenue to Sydenham Road. Incredibly private yet just minutes to downtown + 17th Ave restaurants + shopping. Outstanding professional landscaping. Over 12,000 square feet of development that has been completely gutted, re-built + expanded in a engineering + construction tour-de-force. In-floor heat on all levels. Beautiful rooms for large scale entertaining balanced w/ luxurious + comfortable private spaces. Lower level fitness + media. Stunning indoor pool w/ walls that open to the rear yard. Outdoor kitchen/bar. 5 car garage plus an auto court for an extra 3-4 vehicles. Self-contained guest/staff quarters + outstanding party/event room (an additional 1764ft2 not included in total AG). This incredible Estate is the perfect setting for you to enjoy your success + will serve you wonderfully whether relaxing in private or entertaining in grand style.

Listing Provided By

CENTURY 21 BAMBER REALTY LTD.

Last Updated

2018-10-17

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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