Latest News & Articles

Calgary Real Estate Market Update for October 2024

Posted by Mike Hickey on Nov 03, 2024

October brought notable shifts to Calgary’s real estate market, especially in higher-priced properties, ...

Selling Your Home in Calgary This Fall: Expert Tips

Posted by Mike Hickey on Oct 16, 2024

Selling a home in Calgary during the fall requires a strategic approach that takes into account the unique ...

Why Forest Lawn Could Be Calgary’s Next Real Estate Hotspot

Posted by Mike Hickey on Oct 16, 2024

The Calgary real estate market has often been a study in contrasts, characterized by fluctuating demands ...

Calgary Real Estate Market Update: October 2024

Posted by Mike Hickey on Oct 16, 2024

As of October 2024, the Calgary housing market is showing signs of stabilization. With rising inventory ...

How to Market Your Multi-Million Dollar Home to High-End Buyers

Posted by Mike Hickey on Oct 16, 2024

Selling a multi-million dollar home requires a unique approach compared to selling a more modest property. ...

Why Bowness Will Become the Next Kensington of Calgary

Posted by Mike Hickey on Oct 16, 2024

Nestled along the banks of the Bow River, Bowness is poised to ascend to the status of Calgary’s next ...

New Listings

New property listed in Crossfield, Crossfield

Posted by Mike Hickey on Nov 07, 2024

I have listed a new property at 520 Harrison COURT in Crossfield. See details here Backing onto a green ...

New property listed in Willow Park, Calgary

Posted by Mike Hickey on Nov 02, 2024

I have listed a new property at 759 Acadia DRIVE SE in Calgary. See details here This stunning bungalow ...

New property listed in Coventry Hills, Calgary

Posted by Mike Hickey on Oct 26, 2024

I have listed a new property at 343 Covecreek CIRCLE NE in Calgary. See details here 2 bedroom, 2 bathroom ...

New property listed in Airdrie, Airdrie

Posted by Mike Hickey on Sep 28, 2024

I have listed a new property at 16 Ridgegate WAY SW in Airdrie. See details here Incredibly located just ...

New property listed in Shawnessy, Calgary

Posted by Mike Hickey on Sep 28, 2024

I have listed a new property at 79 Shawmeadows CLOSE SW in Calgary. See details here Just 15 houses away ...

New property listed in Willow Park, Calgary

Posted by Mike Hickey on Sep 28, 2024

I have listed a new property at 428 Wilverside WAY SE in Calgary. See details here Luxuriously renovated ...

Recently Sold Properties

I have sold a property at 439 Winterbourne CRESCENT SE in Calgary

Posted by Mike Hickey on Nov 15, 2024

I have sold a property at 439 Winterbourne CRESCENT SE in Calgary on Nov 14, 2024. See details here Welcome ...

I have sold a property at 428 Wilverside WAY SE in Calgary

Posted by Mike Hickey on Nov 08, 2024

I have sold a property at 428 Wilverside WAY SE in Calgary on Nov 7, 2024. See details here Luxuriously ...

I have sold a property at 759 Acadia DRIVE SE in Calgary

Posted by Mike Hickey on Nov 06, 2024

I have sold a property at 759 Acadia DRIVE SE in Calgary on Nov 5, 2024. See details here This stunning ...

I have sold a property at 626 Kingsmere WAY SE in Airdrie

Posted by Mike Hickey on Oct 25, 2024

I have sold a property at 626 Kingsmere WAY SE in Airdrie on Oct 24, 2024. See details here This uniquely ...

I have sold a property at 1 8533 Silver Springs ROAD NW in Calgary

Posted by Mike Hickey on Oct 11, 2024

I have sold a property at 1 8533 Silver Springs ROAD NW in Calgary on Oct 10, 2024. See details here ...

I have sold a property at 106 304 Cranberry PARK SE in Calgary

Posted by Mike Hickey on Oct 09, 2024

I have sold a property at 106 304 Cranberry PARK SE in Calgary on Oct 8, 2024. See details here Excellent ...

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I have sold a property at 439 Winterbourne CRESCENT SE in Calgary

I have sold a property at 439 Winterbourne CRESCENT SE in Calgary on Nov 14, 2024. See details here

Welcome to a truly luxurious property in the prestigious Willow Park community. This detached, 8,352 SQFT PIE SHAPED LOT OASIS is exclusive with a 3-bedroom, 3-bath bungalow that offers a blend of elegance and functionality, perfect for those seeking serene surroundings and modern comforts. Step inside over 1,400 SQFT OF ABOVE-GRADE LIVING SPACE and be greeted by a meticulously designed open floor plan on the main level. The main floor features three spacious bedrooms, ideal for guests or family members, with its primary 3pc ensuite. A formal dining room sets the stage for intimate dinners, while the kitchen boasts built-in appliances and ample counter space, catering to culinary enthusiasts and entertainers alike. Adjacent to the kitchen, the living room extends seamlessly with rear backyard access, offering a perfect setting for gatherings or simply enjoying the outdoors. The lower level of this home impresses with its versatility and additional living space. A basement leads to an expansive oversized rec room, providing ample space for leisure and entertainment and complementing a convenient 3-piece bathroom. A storage and workshop add functionality, which is ideal for hobbies. Step outside and connect with nature directly, with easy access to the lush greenery and pathways. Additional features include a DOUBLE REAR DETACHED GARAGE, ensuring convenience and storage space for vehicles and outdoor gear. With Fish Creek Library, Trico Centre, and Southcentre Mall just minutes away, this home offers the perfect blend of tranquillity and accessibility. Whether you're searching for your dream home or a rewarding investment opportunity, this is ready for your vision. Don't miss this rare gem.

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I have sold a property at 428 Wilverside WAY SE in Calgary

I have sold a property at 428 Wilverside WAY SE in Calgary on Nov 7, 2024. See details here

Luxuriously renovated 5 bedroom masterpiece on a massive 9,800 sq. ft. lot in the coveted golf-side community of Willow Park Estates. Immediately be impressed by the beautiful architecture boasting white Hardie board siding highlighted by charming brickwork and a charming front porch. The interior is equally as striking, stunningly renovated to create an open floor plan with beamed flat painted ceilings, built-in speakers throughout and lots of pot lights to illuminate your evenings. Natural light flows through oversized windows during the day highlighting the upscale designer details, quality craftsmanship and wide plank flooring. Nearly all of the windows have been replaced plus central air conditioning has been added ensuring your comfort in any season. The living room is great for both unwinding and entertaining with clear sightlines for unobstructed conversations. Culinary adventures await in the gourmet kitchen featuring a Subzero panelled fridge, an induction cooktop, full-height cabinetry, stone countertops, 2-tier utensil drawers and a massive centre island to gather around. Adjacently, the dining room has ample space for family meals and entertaining. Oversized patio doors frame tranquil backyard views and encourage a seamless indoor/outdoor lifestyle. Convene in front of the floor-to-ceiling stone-encased gas fireplace in the family room with dark panelled walls and classic built-ins creating an inviting atmosphere. Those beautiful floors are continued onto the upper level where 4 of the spacious bedrooms reside. The primary bedroom is a private oasis with 2 closets, one of which leads to the luxurious ensuite boasting dual sinks, a deep soaker tub and an oversized shower. All of the bathrooms in the home have been stunningly upgraded with high-end Grohe lifetime warranty products. 2 bathrooms even have in-floor heat keeping toes warm and cozy. Gather in the sophisticated finished basement and come together over movie and games nights and engaging conversations in front of the modern electric fireplace. The extravagance continues throughout this level with a large guest bedroom that includes a walk-in closet, another posh full bathroom and a huge exercise room. The expansive composite deck and lower patio in the ginormous backyard will have you hosting summer barbeques and spending your weekends lounging enjoying the immense privacy. A new fence and retaining wall were installed 4 years ago surrounding the grassy yard that is the perfect play space for kids and pets. A charming shed hides away seasonal items and is even equipped with electrical. This extraordinary home is situated in a quiet, much sought-after neighbourhood within walking distance to schools, several parks, the Trico Centre, Southcentre Mall and more. Mere minutes to Willow Park Golf and Country Club, the Anderson C-Train Station, Willow Park Shopping Village, Fish Creek Park and easy access to major thoroughfares for a quick and easy commute.

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New property listed in Crossfield, Crossfield

I have listed a new property at 520 Harrison COURT in Crossfield. See details here

Backing onto a green space and park sits this beautiful, move-in ready 4 bedroom home loaded with upgrades! Great curb appeal with an oversized, fully insulated and finished garage that includes a radiant gas heater, mezzanine storage, a workbench, storage cabinets, 20 amp electrical on all the walls and a side entrance to the backyard for ultimate convenience. Inside over 2,300 sq. ft. of developed space is the perfect retreat for any busy family. Heated tile flooring in the soaring foyer keeps toes warm and cozy. Gleaming maple-cherry-coloured hardwood floors and a plethora of oversized windows grace the open and airy main floor. The living room invites relaxation with clear sightlines encouraging unobstructed conversations. Culinary adventures are inspired in the beautiful kitchen featuring granite countertops, upgraded cabinetry with soft close drawers and doors, a customized pantry with extra shelving and built-in spice racks, upgraded stainless steel appliances including a gas stove and a raised breakfast bar on the centre island to casually convene. Encased in windows the dining room overlooks the backyard and green space with access to the expansive deck promoting a seamless indoor/outdoor lifestyle. The primary bedroom is a true owner’s retreat with ample room for king-sized furniture, a large walk-in closet and a private ensuite with an oversized shower. Another bedroom on this level could also be used as a tucked away den for work or study. 9’ ceilings and upgraded heated vinyl flooring in the sunshine filled basement invite everyone to gather for movies and games nights. This level is already prepped for a future wet bar as well! 2 additional bedrooms, another full bathroom, loads of storage and laundry with both gas or electric hookups further add to your comfort and convenience. Outside LED lighting surrounds the home and winds through the trees and shrubs in the professionally landscaped, low-maintenance backyard. An expansive 12’ x 22’ composite deck entices summer barbeques and weekends lounging while another 10’ x 10’ lower deck has support for a future hot tub. The gorgeous yard is fully fenced and backs directly onto a green space and park granting endless additional play space that kids and pets will love. Outstandingly located in the amenity-rich town of Crossfield. Everything is close by in this charming town including great restaurants, local shops, cafes, fun community events, a rainbow trout stocked pond for fishing, a skate park, numerous sports fields, a running track, a spray park, an off-leash dog park, extensive pathways and so much more! Truly an incredible location for this exceptional home!

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I have sold a property at 759 Acadia DRIVE SE in Calgary

I have sold a property at 759 Acadia DRIVE SE in Calgary on Nov 5, 2024. See details here

This stunning bungalow on a massive corner lot has been completely renovated to create a luxurious retreat in the golfside community of Willow Park Estates. Quality craftsmanship and designer influences produce a casually elegant sanctuary that is beautiful yet functional. A newer (2021) furnace and central air conditioning ensure your comfort in any season. Additional high-end upgrades include gleaming hardwood floors, designer lighting, a sophisticated colour pallet and a coveted open concept layout. The inviting living room promotes relaxation while oversized picture windows stream in natural light and extra pot lights illuminate the evenings. Culinary adventures await in the upscale custom kitchen featuring high-end stainless steel appliances including a gas stove with 6 burners and a centre griddle, stone countertops, full-height cabinets and a massive island with casual seating. Entertain with ease in the adjacent dining room with clear sightlines throughout encouraging unobstructed conversations. Escape at the end of the day to the indulgent primary oasis for some R&R, this lavish space includes a custom walk-in closet and a gorgeous full-height tile surround 2-sided fireplace. The luxurious ensuite will have you feeling spoiled daily with in-floor heating, a custom marble shower, dual sinks and a deep soaker tub beneath the other side of the fireplace for an opulent retreat. A second bedroom and another full bathroom on this level are just as stylish as the rest of the home. Gather in the sophisticated finished basement that encourages entertaining and time spent unwinding in the large family room connecting over games and movie nights. The pub-style wet bar with island seating allows everyone to convene and refill drinks and snacks without having to climb back up the stairs! The extravagance continues throughout this level with 2 additional bedrooms and 2 additional posh bathrooms (one of which is an ensuite – perfect for guests or a home office! The private backyard and covered patio will have you enjoying casual barbeques or endless summer nights under the stars roasting marshmallows around the built-in gas firepit. Tons of grassy yard remains for kids and pets to play. Parking will never be an issue thanks to the attached double garage that is insulated, drywalled and a heater was added in 2021. This extraordinary home is situated in a quiet, much sought-after neighbourhood within walking distance to schools, several parks plus mere minutes to Willow Park Golf and Country Club, Southcentre Mall, Willow Park Shopping Village, The Trico Centre, Fish Creek Park and easy access to major thoroughfares for a quick and easy commute.

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Calgary Real Estate Market Update for October 2024

October brought notable shifts to Calgary’s real estate market, especially in higher-priced properties, as sales activity remained strong and well above historical averages. With inventory gradually increasing, particularly in the higher price ranges, Calgary's market is slowly moving toward more balanced conditions. However, lower-priced options remain tight, creating mixed dynamics across different property types and regions. Here's an in-depth look at the trends this month.

City-Wide Market Overview

The Calgary market continues to experience high demand, with 2,174 sales reported in October. Detached homes, semi-detached homes, row homes, and apartments all saw varied trends, reflecting the unique conditions in each segment. Prices remain steady or have grown across most property types, driven by strong demand and constrained inventory in the lower price ranges.

Detached Homes: A Shift Toward Balance in Higher Price Ranges

The detached home segment saw stable prices and a gradual improvement in inventory.

  • Sales & Inventory: Sales are healthy, especially for homes priced over $600,000. Inventory has grown enough to ease some of the extreme seller’s market conditions, although supply is still tight for lower-priced detached properties.

  • Pricing: The unadjusted benchmark price for detached homes stood at $753,900 in October, stable from the previous month and 8% higher year-over-year.

  • Market Conditions: This increase in inventory is especially notable in higher-priced homes, helping to shift the market toward balance in the $600,000+ range. Lower-priced detached homes remain competitive, illustrating a mixed market landscape within the detached home category.

Semi-Detached Homes: Consistent Demand and Gradual Supply Increases

The semi-detached home market continued to experience strong sales, with modest increases in inventory helping to meet demand.

  • Sales & Listings: October sales were up by 10% compared to last year, with new listings supporting these sales despite a sales-to-new-listings ratio of 69%. This has kept inventory near two months of supply.

  • Pricing: The unadjusted benchmark price for semi-detached homes was $677,000, steady from last month and 8% higher than last year.

  • Market Conditions: Supply levels have inched closer to balance, particularly for higher-priced semi-detached options, while affordable options remain competitive.

Row Homes: Steady Gains in a Seller's Market

Row homes are still experiencing seller-favorable conditions due to persistent demand and limited supply.

  • Sales & Listings: October sales increased compared to last year, contributing to a 3% year-to-date growth. Inventory has grown but is still below optimal levels, maintaining a months-of-supply ratio near two months.

  • Pricing: October’s unadjusted benchmark price for row homes was $456,600, slightly down month-over-month but 8% higher than last year.

  • Market Conditions: Higher-priced row homes have seen slight relief in inventory constraints, but conditions remain tight in lower-priced categories.

Apartment Condominiums: Demand Driven by Limited Low-Cost Options

The apartment condominium market has been impacted by rising rental prices and limited affordable alternatives.

  • Sales & Listings: October marked the fifth consecutive month of year-over-year sales declines, though demand remains high, especially in the $300,000 to $500,000 range, which saw increased listings.

  • Pricing: The unadjusted benchmark price for condos was $341,700 in October, an 11% increase from last year.

  • Market Conditions: Higher-priced condos have benefited from additional listings, but affordable condo options remain limited, continuing the tight market for lower-priced units.

Regional Market Highlights

While city-wide trends reveal a market leaning toward balance, regional differences also play a significant role. Let’s take a look at the trends in Airdrie, Cochrane, and Okotoks:

Airdrie

  • Sales & Listings: Sales and new listings improved from last October, with a sales-to-new-listings ratio reaching 67%. Inventory has risen significantly, from 213 units last year to 365 this October.

  • Pricing: The unadjusted benchmark price has stabilized, with a slight month-over-month dip but a 5% increase year-over-year. Seasonally adjusted data shows stability in the past four months, signaling a shift away from extreme seller conditions.

Cochrane

  • Sales & Listings: October sales surpassed last year’s levels, while new listings reached an October record. Inventory levels have risen slightly, yet remain below long-term trends with a months-of-supply ratio at 2.3.

  • Pricing: The unadjusted benchmark price was slightly down from last month but 6% higher year-over-year. Year-to-date, average prices are up over 9%, showing sustained growth in Cochrane’s market.

Okotoks

  • Sales & Listings: Sales grew from last year as inventory expanded, reaching 103 units compared to last October's 66. However, with less than two months of supply, Okotoks continues to favor sellers.

  • Pricing: Unadjusted prices saw a slight month-over-month dip in October but remain over 6% higher than last year and up by more than 8% year-to-date.

Final Thoughts

Calgary’s real estate market remains active, with higher-priced homes beginning to balance out while affordable options in all property types continue to see strong demand. Regional markets like Airdrie, Cochrane, and Okotoks are also showing varied trends, with inventory levels improving but still favoring sellers in many cases.

As Calgary’s housing landscape continues to evolve, buyers and sellers in higher price ranges are finding more options, while affordability remains a challenge at the lower end of the market. For those navigating this complex market, a strategic approach is essential. Whether you’re looking to buy or sell, understanding these market dynamics can help you make informed decisions and take advantage of the unique opportunities within Calgary and its surrounding areas.

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New property listed in Willow Park, Calgary

I have listed a new property at 759 Acadia DRIVE SE in Calgary. See details here

This stunning bungalow on a massive corner lot has been completely renovated to create a luxurious retreat in the golfside community of Willow Park Estates. Quality craftsmanship and designer influences produce a casually elegant sanctuary that is beautiful yet functional. A newer (2021) furnace and central air conditioning ensure your comfort in any season. Additional high-end upgrades include gleaming hardwood floors, designer lighting, a sophisticated colour pallet and a coveted open concept layout. The inviting living room promotes relaxation while oversized picture windows stream in natural light and extra pot lights illuminate the evenings. Culinary adventures await in the upscale custom kitchen featuring high-end stainless steel appliances including a gas stove with 6 burners and a centre griddle, stone countertops, full-height cabinets and a massive island with casual seating. Entertain with ease in the adjacent dining room with clear sightlines throughout encouraging unobstructed conversations. Escape at the end of the day to the indulgent primary oasis for some R&R, this lavish space includes a custom walk-in closet and a gorgeous full-height tile surround 2-sided fireplace. The luxurious ensuite will have you feeling spoiled daily with in-floor heating, a custom marble shower, dual sinks and a deep soaker tub beneath the other side of the fireplace for an opulent retreat. A second bedroom and another full bathroom on this level are just as stylish as the rest of the home. Gather in the sophisticated finished basement that encourages entertaining and time spent unwinding in the large family room connecting over games and movie nights. The pub-style wet bar with island seating allows everyone to convene and refill drinks and snacks without having to climb back up the stairs! The extravagance continues throughout this level with 2 additional bedrooms and 2 additional posh bathrooms (one of which is an ensuite – perfect for guests or a home office! The private backyard and covered patio will have you enjoying casual barbeques or endless summer nights under the stars roasting marshmallows around the built-in gas firepit. Tons of grassy yard remains for kids and pets to play. Parking will never be an issue thanks to the attached double garage that is insulated, drywalled and a heater was added in 2021. This extraordinary home is situated in a quiet, much sought-after neighbourhood within walking distance to schools, several parks plus mere minutes to Willow Park Golf and Country Club, Southcentre Mall, Willow Park Shopping Village, The Trico Centre, Fish Creek Park and easy access to major thoroughfares for a quick and easy commute.

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