The big picture

Inventory increases and sales drop in September, but overall sales for the year remain higher than last year

Strong gains in the first half of 2017 have put Calgary year-to-date sales at seven per cent above last years’ levels and 11 per cent below long-term averages, but challenges remain with easing sales and rising new listings.

Inventories rose across all property types to 6,861 units, while both apartment- and attached-style properties saw the highest inventory on record for the month of September.

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Bungalow buyers

Single-level homes are in high demand among retirees planning for their future

For active senior JoAnn Fetzner, who golfs three times a week and travels widely, one-level, bungalow living was an obvious choice for the rest of her life.

For empty-nester Patti Clarkson, 54, who is easing her way into retirement, her recently purchased bungalow villa will be the perfect “forever home.”

For both women, finding a single-level home was a priority – part of their long-term planning for possible mobility issues down the road.

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A work in progress

Market sees modest inventory gains, but overall prices inch up 

Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year.

Citywide sales totaled 1,637 units, six per cent below July 2016 levels. Year-to-date sales activity totaled 11,957 units, nine per cent above last year.

“Sales growth exceeded expectations so far this year. Clients were re-entering the market after delaying decisions until there were some signs of economic improvement,” said CREB® president David P. Brown.

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A harmonious home

Entrepreneurial couple found the right fit for their active family in Harmony

Close to a year ago, entrepreneurs Brian Haydamack and Erin Schneider made the decision to move in together and blend their families (he has two children and she has three). The challenge was finding a home large enough to accommodate all of their kids, plus private home offices for both of their businesses. Haydamack, a former professional golfer, runs two golf-related businesses and Schneider is a hair stylist who works out of a home-based salon. The couple found a stylish, six-bedroom home design in the new master-planned lake community of Harmony in Springbank. And the fact that a signature Phil Mickelson golf course will flank the community was icing on the cake. (more…)

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