Seton Community Market Report

Overview

Seton, a vibrant and growing community located in Calgary, Alberta, has continued to show strong real estate activity in March 2023. The neighborhood, known for its modern amenities and proximity to shopping, parks, and schools, remains a desirable location for both buyers and investors.

Market Highlights

• Sales Activity:

  • In March 2023, Seton recorded a total of 25 home sales, a slight increase from the previous month. This reflects a robust demand in the market, particularly for family homes and townhouses. 

    4 SOLD Detached houses $575,000 - $839,000.

    3 SOLD Duplex houses $539,000 - $585,000.

    5 SOLD Townhouses $239,900 - $494,900.

    13 SOLD Apartments $227,500 - $399,000.

  • The average days on market for homes sold was approximately 35 days, indicating a competitive environment where properties are being purchased relatively quickly.

• Pricing Trends:

  • The average sale price for homes in Seton reached $424,360, up 5% compared to March 2022. This increase reflects the continued appreciation of property values in the area.

• Inventory Levels:

  • The current inventory of homes for sale stands at 55 listings, providing a balanced market. However, with the ongoing demand, homes are selling faster than new listings are being added, leading to potential shortages in certain segments.

Neighborhood Features

Seton boasts a variety of amenities that appeal to residents:

• Shopping and Dining: The nearby Seton Urban District offers a range of retail options, restaurants, and entertainment venues, making it a hub for local residents.

• Parks and Recreation: Numerous parks and green spaces provide outdoor recreational opportunities, contributing to the community's family-friendly atmosphere.

• Transportation: Seton is well-connected by major roads and public transit, making commuting to downtown Calgary convenient.

Conclusion

The real estate market in Seton continues to thrive in March 2023, driven by strong demand and limited inventory. With a variety of housing options and excellent community amenities, Seton remains an attractive choice for homebuyers and investors alike. As we move into the spring months, we anticipate continued interest in the area, potentially leading to further price appreciation and competitive sales activity.

Recommendations

For potential buyers, it’s advisable to act quickly and be prepared with financing, as properties are moving swiftly. Sellers may consider listing their homes to capitalize on the current demand and favorable market conditions.

Contact us for a Free Home Evaluation.

For latest community market report, SIGNUP HERE.

Effective as of January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) prevents non-Canadians from buying residential property in Canada for 2 years.

Two-year extension to the Prohibition on the Purchase of Residential Property by Non-Canadians Act

On February 4, 2024, the Government of Canada announced its intention to extend the existing ban on foreign ownership of Canadian housing for an additional two years, to January 1, 2027.  For more information, please refer to the news release issued by the Department of Finance Canada. Due to the extension of the legislation by two years, the government continues to welcome feedback from stakeholders to address issues that may arise from the extension.

residential property means any real property or immovable, other than a prescribed real property or immovable, that is situated in Canada and that is

• (a) a detached house or similar building, containing not more than three dwelling units, together with that proportion of the appurtenances to the building and the land subjacent or immediately contiguous to the building that is reasonably necessary for its use and enjoyment as a place of residence for individuals;

• (b) a part of a building that is a semi-detached house, rowhouse unit, residential condominium unit or other similar premises that is, or is intended to be, a separate parcel or other division of real property or immovable owned, or intended to be owned, apart from any other unit in the building, together with that proportion of any common areas and other appurtenances to the building and the land subjacent or immediately contiguous to the building that is attributable to the house, unit or premises and that is reasonably necessary for its use and enjoyment as a place of residence for individuals; or

• (c) any prescribed real property or immovable. (immeuble résidentiel)

• Exception — persons

  (2) Subsection (1) does not apply to

  • (a) a temporary resident within the meaning of the Immigration and Refugee Protection Act who satisfies prescribed conditions;

  • (b) a protected person within the meaning of subsection 95(2) of that Act;

  • (c) an individual who is a non-Canadian and who purchases residential property in Canada with their spouse or common-law partner if the spouse or common law-partner is a Canadian citizen, person registered as an Indian under the Indian Act, permanent resident or person referred to in paragraph (a) or (b); or

  • (d) a person of a prescribed class of persons.

• Marginal note:Exception — circumstances

  (3) Subsection (1) does not apply in prescribed circumstances.

For more information, please read the link here.

Welcome to the Mosaic Motif in New Brighton, one of the most desirable Family communities. This stylish townhouse, with a DOUBLE ATTACHED GARAGE, a DOUBLE MASTER floor plan both with DOUBLE ENSUITES, conveniently locates near to shopping, restaurants ,schools, parks and many other amenities. Immaculately maintained with features throughout, you are greeted by a spacious front court yard surrounded by greenery and a white picket fence, making it the perfect private retreat for summer bbq’s or just relax and enjoy a late night fire. Beautiful floors stretching throughout the main level adds warmth and luxurious feeling to the space. The well thought out open floor plan features a spacious living room and dining room. The kitchen has backsplash, breakfast bar, and a computer desk along with a conveniently located 1/2 washroom completes this main level. The upper level showcases a DOUBLE MASTER floor plan, both with DOUBLE ENSUITES, WALK IN CLOSETS. The lower level completes this perfect home with access to the double attached garage, a boot/ storage room and laundry area. Close proximity to elementary and junior high schools and a 5 minute drive to all the amenities 130 Avenue has to offer.

 In February 2023, Auburn Bay in SE Calgary demonstrated a vibrant real estate market, characterized by steady activity across various property types. The community's appeal, with its lake and recreational facilities, continues to attract a diverse range of buyers. Total 34 sales.

Property Types:

1. Detached Homes

   • Price range: $449,000 - $865,000

   • Sales: 11 homes sold

   • Days on Market (DOM): 18 days

2. Duplex Homes

   • Price range: $435,000 - $533,000

   • Sales: 7 homes sold

   • Days on Market (DOM): 8 days

3. Townhouses

   • Price range: $192,000 - $406,500

   • Sales: 5 townhouses sold

   • DOM: 12 days

4. Condos

   • Price range: $229,000 - $394,900

   • Number of Listings: 22

   • Sales: 11 condos sold

   • DOM: 30 days

Market Trends:

• Demand: The market exhibited strong demand, particularly for single-family homes, which are in high demand among families seeking community-oriented living.

• Inventory Levels: The inventory of homes for sale was relatively stable, though the demand outpaced new listings, leading to quicker sales.

• Buyer Profiles: The primary buyers included first-time homebuyers and young families attracted by the community's amenities and lifestyle offerings.

Conclusion: February 2023 revealed a healthy real estate market in Auburn Bay SE Calgary, with competitive sales and a variety of property options. The community's desirability continues to drive interest, making it a favorable time for sellers. For potential buyers, quick action is recommended due to the active market conditions.

Elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record-high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic. Recent growth in migration and employment is expected to help offset the impact of higher lending rates, keeping annual sales activity higher than levels achieved throughout the 2015 to 2019 period.

The growth in new listings in 2022 was not enough to offset the gains in sales and supply levels have remained low, especially for lower-priced product. The higher lending rates are also expected to weigh on listings growth in 2023 as it has become more challenging for a move up buyer. While improved starts are expected to help support supply growth, thanks to the strong migration levels, supply levels are not expected to report significant gains.

The low starting point and limited upward pressure on supply in 2023 is expected to prevent any significant downward pressure on prices as demand normalizes. However, conditions are expected to vary depending on price range and property type. Higher-priced homes are expected to see some downward price pressure as that segment of the market is not experiencing the same supply constraints. Meanwhile, supply declines relative to sales for lower priced properties are expected to continue to support modest price growth. Declines in the upper end of the market are expected to offset gains in the lower end of the market as total residential prices in Calgary are expected to stabilize in 2023.

TOP CONSIDERATIONS FOR 2023:

LENDING RATES With rates not expected to ease until 2024, higher lending rates throughout 2023 are expected to weigh on housing market demand.

MIGRATION Recent gains in migration are expected to offset the impact of higher lending rates, keeping sales activity stronger than pre-pandemic levels.

EMPLOYMENT Recent job growth in industries beyond what was impacted through the pandemic is expected to prevent a more significant adjustment in sales activity.

SUPPLY Low inventory levels especially for lower priced product is expected to prevent widespread price declines in our city.

Please read the full forecast here.

December 2022 in Auburn Bay, a sought-after community in SE Calgary, showcased a dynamic real estate market. The area continues to attract buyers due to its family-friendly environment, proximity to amenities, and beautiful lake. Total 17 properties were sold.

Detached Houses

• Sales: 6 detached homes sold

• Average Days on Market: 59 days

• Price Range: $479,500 - $1,500,000

• Market Trend: The market remained competitive with a mix of new listings and existing homes. Homes priced competitively tended to sell quickly.

Duplexes

• Sales: 1 duplexes sold

• Average Days on Market: 25 days

• Price: $461,500

• Market Trend: Duplexes experienced strong demand, especially among first-time buyers, with many homes receiving multiple offers.

Townhouses

• Sales: 6 townhouses sold

• Average Days on Market: 22 days

• Price Range: $271,500 - $400,000

• Market Trend: Townhouses showed steady activity, appealing to both young professionals and small families. The inventory remained relatively low, supporting price stability.

Apartments

• Sales: 4 apartments sold

• Average Days on Market: 55 days

• Price Range: $287,000 - $374,900

• Market Trend: The apartment market was slower compared to other property types, with more inventory available, leading to longer days on market.

Conclusion

December 2022 marked a robust end to the year for the Auburn Bay real estate market, with a variety of property types appealing to different segments of buyers. The overall trend indicates a healthy market, though potential buyers should be prepared for competitive situations, especially with detached homes and duplexes. As we move into 2023, monitoring inventory levels and interest rates will be crucial for understanding future market dynamics.

Back on the Market due to Financing. Welcome to this Incredible family home located in one of the most sought-after streets in all of Mahogany. Skate or Swim – lake access is right outside your back door! Featuring over 2500 sq ft above grade and a basement ready to make your own, this STUNNNING 3-bedroom home is the perfect property for anyone wanting to live the outdoor life. Walk into a massive, tiled foyer with plenty of natural light and closet space. Your spacious main floor with 9 foot ceilings begins with an EXECUTIVE kitchen layout beautifully featured in the middle of the home with gorgeous modern cabinets, and granite countertops. Showcasing 2 islands, stainless steel appliances, gas range, chimney style hood fan, built-in oven and microwave, and large pantry, this kitchen has all the space you need to entertain. Settle comfortably into your open concept living and dining room featuring a lovely stone fireplace for those cozy nights, and access to the large WEST BACKYARD to enjoy summer fun. You’ll also find the half bath privately tucked away beside the mudroom and garage access. Upstairs you have a HUGE central bonus room, perfect for family movie nights. The bright and spacious primary bedroom is complimented by a luxurious 5-piece ensuite offering his and her walk-in closets and separated vanities – any couples dream! Relax and unwind in your Soaker tub, and separate 10mm glass shower. The upstairs is finished off with 2 additional spacious bedrooms both flooded with natural light, main 4-piece bath and convenient laundry room. Complete with 2(two) Furnaces, the basement with 9 foot ceilings remains untouched and ready for your beautiful designs. A sunny 2 tier composite deck with gas line, and fully fenced landscaped yard backs right onto the MAHOGANY BEACH CLUB. Four-season recreation with tennis courts, splash park, playground, hockey rink, sandy beaches and more!! Less than a 5-minute drive to Elementary school, short 10 minutes to Brookfield YMCA, South Health Campus, and Seton Shopping Centre. Easy access to Stoney and Deerfoot Trail. This home is the one you have been waiting for! Book your private showing Today!! Seller Accepts BITCOIN and Crypto Currency. Seller says BUY THIS HOME AND WE WILL BUY YOURS *Terms and Conditions Apply.

Auburn Bay Real Estate Market Report

November 2022 demonstrated a steady real estate market in the Auburn Bay community of Calgary, characterized by consistent activity and buyer interest. Renowned for its picturesque lake, extensive amenities, and vibrant community spirit, Auburn Bay continues to attract a diverse range of homebuyers.

Market Overview: In November, Auburn Bay recorded 24 home sales.

• 17 SOLD Detached houses $489,500 - $1,555,000;

• 1 SOLD Duplex house $515,000;

• 4 SOLD Townhouses $353,000 - $378,500;

• 2 SOLD Apartments $242,000 - $312,000.

Inventory and Trends: Currently, there are 45 active listings in Auburn Bay, providing a variety of options, including single-family homes, townhouses, and condos. Homes are selling at an average of 22 days on market (DOM), indicating a competitive environment where well-priced properties attract significant attention. Listings that are updated and well-presented are often receiving multiple offers, further demonstrating the community's appeal.

Community Insights: Auburn Bay's charm is enhanced by its comprehensive amenities, including parks, pathways, and the lake, which serves as a hub for outdoor activities and social events. The neighborhood fosters community engagement through seasonal events, strengthening connections among residents. The availability of local schools, shopping centers, and dining options adds to the quality of life for families.

Looking Ahead: As we enter December, the Auburn Bay real estate market is expected to remain steady. While the holiday season may introduce some seasonal fluctuations, the community's appealing features and strong sense of belonging are likely to sustain buyer interest. Sellers can take advantage of the current demand, while buyers should remain proactive to capture opportunities in this vibrant neighborhood. Overall, Auburn Bay continues to thrive as a prime community within Calgary’s real estate landscape.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

十一月份民宅共售出1,648 套，比去年同期降了22%，但是比长线均值高出12%。虽然过去半年成交量萎缩、但是年初时期成交量火爆，从年初至今依旧比去年同期高出10%。增长部分主要是公寓市场、排屋销售。
“成交量下降主要在独立屋市场段,” CREB® 卡尔加里房地产局首席经济学家Ann-Marie Lurie提及， “贷款利率一涨再涨、低价位可选房源有限，很可能推迟买家购买计划。” （很多国际买家还是希望赶在2023年国际买家政策改变之前抢购一把）
另外，11月份新挂牌量降到了2005年以来的最低水平，也导致成交量跟不上。总体而言，房源平均在市场上的月份低于2个月，市场条件还是很吃紧。尤其是低端价位市场，因为高端价位房源供给增加。
尽管供给有限、价格自今年五月份的最高峰调整下来，但是11月份的市场基准价依旧比去年同期涨了近9%。

独立屋

11月份全部价位区间的房屋成交量都下降，结果比去年11月份降了34%，从年初至今的总体成交量比去年同期降了5%。就年初至今而言，50万一下房屋成交惨淡、因为新挂牌总体降了36%，买家们没啥可以买得。

与此同时，高价位区间新挂牌活跃、买家们有大量可对比房源，促使高价位房屋市场相对均衡，给市场价位带来不同影响。市场基准价收在$619,700, 从五月份的最高峰$648,500降下来。虽然过去几个月价位一直调整，但是总体依旧比去年同期高出近11%。

半独立屋 Semi-Detached

11月份成交量下降，从年初至今总体已经比去年同期降了1%，好在依旧比长线均值高出37%。新挂牌量同时下降了，库存可售房源也继续下降。市场条件保持相对吃紧状态、房源平均在市场上的月份有2个月，成交量/新挂牌比例是100%。

不像独立屋市场价位走低了，Semi-detached市场继续紧俏。11月份市场基准价收在 $562,800, 比前一个月稍微高一点儿，比长线均值高了10%。

排屋

新挂牌继续下降、交易放缓，成交量/新挂牌比例高达99%。库存可售房源降到383套，是自2013年以来11月份的最低水平。 低供给量帮助房源平均在市场上的月份低于2个月，市场非常紧俏。
虽然市场挺紧俏，但是市场基准价从今年六月份的最高峰调低到目前的$358,700，依旧比去年同期涨了14%。价格涨幅超过18%的区域包括东北区、北面区域、东南区。

共管公寓

虽然11月份新挂牌量下降，成交量却继续攀升，库存可售房源降到了自2013年以来的最低水平。市场继续保持紧俏状态，成交量/新挂牌比例超出100%，房源平均在市场上的月份低于2个月。

近期紧俏的市场态势没有改变价位太多，市场基准价收在 $277,000、和10月份没太大变化。从年初至今总体价位比去年同期涨了近10%，依旧低于前次高峰2014年的水平。

（本来还想继续给大家介绍11月份卖掉的最高$500多万的一套300+英亩的农场图片，瞬间意识到原来自己都陷入了人间崇尚金钱的怪圈儿。再仔细一搜索，阿尔伯塔省5万以内有27套在卖的独立屋，看，居家乐业可以有多便宜）

更多卡尔加里房地产资讯，请查看链接。

When the time comes to sell your home, an obvious question arises—should I do renovations before I sell? While on the surface it may seem like renos could increase the value of your property, there are a handful of factors to consider before jumping in.

 First, find and choose a REALTOR® for guidance on how the market is performing in your area. Next up, decide on your target market. Are you looking for a buyer who wants a move-in ready place? Or someone searching for a fixer upper? What’s your time frame to sell? These questions will help determine the scale and size of any potential renovation.

 Anthony Lance REALTOR® and sales representative with Right at Home Realty Inc. in Toronto, Ontario, says, “whether you’d like to sell your home with small upgrades or larger ones, there are specific changes that can help.”

Kitchen and bathroom

When it comes to large renovations, Lance suggests putting your money in areas like the kitchen and bathroom.

The kitchen is the heart of the home and future buyers are attracted to a space they could see themselves in. However, the cost and time required to remodel a kitchen can quickly add up with new flooring, countertops, cabinets, and appliances. To keep costs down, consider do-it-yourself projects like painting the cabinets, replacing the lights, and refreshing the backsplash. 

 A bathroom remodel is also typically one of the higher return projects you can do. For larger renos, consider updating worn-out items, replacing flooring, and purchasing quality finishes. Some easier changes include repainting the vanity, switching out the fixtures, and brightening up your grout.

“When a buyer comes in and sees a nice bathroom and kitchen, it’s a relief,” says Lance, adding “these are intimate areas where people spend a lot of time and having them already done can be a major win.”

HVAC, roof, and windows

Lance also says “people want to know the Heating, Ventilation, and Air Conditioning (HVAC), roof, and windows have been taken care of as a buyer is going to be concerned with what might cost them more down the road.”

When it comes to your roof ask yourself ‘what’s the damage?’ both financially and foundationally. 

Like the roof, when thinking about windows determine if a repair will suffice. Windows can make a big impact aesthetically and to the efficiency of your home, including its heating and cooling costs.

General aesthetics

While bigger renos may help increase the value of your home, they could also open up a Pandora’s box, so when planning for renos, consider if smaller changes may fit the bill.

 “A fresh coat of paint indoors and outdoors make a home look larger and well maintained. Also consider painting the exterior, especially the front door,” says Lance. “Little things like changing the doorknobs and ensuring the insides of cabinets and closets are in good shape can also help to draw in that detail-oriented buyer.”

Although cleaning isn’t a renovation, a good deep clean of your home is a great way to show off its features. Moreover, “fresh flowers, green grass, mulch in the garden and potted plants go a long way,” says Lance.

If you’re in a condo, give your windows and balcony a good wash and accentuate the area with bright plants and balcony lights.  

Remodelling your home before selling is no small decision. If you have time, a clear budget, and want to attract a move-in-ready buyer, consider taking on larger renovations like the bathrooms,  kitchen, or mechanical systems. Or, if your property is already in tip-top shape, consider some paint, a professional home stager, and a proper clean.

There are many paths you can take when thinking of renovating your home before selling, and your REALTOR® can help identify the one that will help in your local market. 

The information discussed in this article should not be taken as financial or legal advice. This article is for informational purposes only.

                                                                                                                          by Mary Ann Boateng @ Realtor.ca

Auburn Bay Real Estate Market Report

July 2022 proved to be a robust month for the Auburn Bay community in Calgary, characterized by steady buyer interest and a vibrant real estate market. Known for its picturesque lake, recreational amenities, and family-friendly environment, Auburn Bay remains a popular choice for homebuyers.

Market Overview: In July, Auburn Bay recorded 38 home sales.

• 18 SOLD Detached houses $470,000 - $799,900;

• 3 SOLD Duplex houses $400,000 - $550,000;

• 6 SOLD Townhouses $250,000 - $365,888;

• 11 SOLD Apartments $196,000 - $325,000.

Inventory and Trends: The current market features 50 active listings, showcasing a diverse range of homes, including single-family residences, townhouses, and condos. Homes are selling at an average of 18 days on market (DOM), indicating a competitive landscape. Well-presented properties that are priced strategically are attracting considerable attention and often receiving multiple offers.

Community Insights: Auburn Bay’s charm lies in its extensive amenities, including parks, walking paths, and the popular lake, which offers opportunities for swimming, kayaking, and community events. The neighborhood hosts various summer activities, enhancing community engagement and fostering a strong sense of belonging. Additionally, the availability of nearby schools, shopping, and dining options further contributes to the overall desirability of the area.

Looking Ahead: As we approach August, the Auburn Bay real estate market is expected to remain active, with continued buyer interest driven by the community’s amenities and lifestyle offerings. Sellers can capitalize on the current demand, while buyers should be prepared to act quickly in a competitive market. Overall, Auburn Bay continues to stand out as a thriving community within Calgary’s real estate landscape, offering both quality living and investment potential.

Contact us for a Free Home Evaluation.

For the latest community market report, SIGNUP HERE.

Looking for your home with rocky mountain view? This 2360sf house with Southwest mountain view backyard is ready for you. Jayman built home offers open main floor concept with 9" ceiling, granite counter tops, walk-through party, big dinning room with windows on 3 sides & South open view, rough-in sound system. There is an office on main floor office with lots of natural light. Upper level primary bedroom has great rocky mountain view , a walk-in closet, corner soaker tub. The other two bedrooms are both good sizes. The basement is fully finished with a 4th & 5th bedrooms, large living area for games and entertainment & 3pc bathroom. Stucco exterior wall, oversized & insulated garage, New roof (2017), hot water tank (2013).