December sales improved to levels more consistent with activity recorded over the past five years.
This follow weak sales activity last year.

A stronger second half in 2019 was enough to push annual sales up by 1%.

"Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market," said CREB chief economist Ann-Marie Lurie. 
"As oversupply in the market continues to ease, we should start to see more stabilization in prices. However, conditions continue to favor the buyer and this is weighing on prices".

December unadjusted benchmarks prices were $418,500. This is just slightly lower than last month and 1% per cent below last year's levels. Overall prices in 2019 declined by 3% over last year's levels. The total adjustment in prices in a 10% decline since the 2014 slowdown in the energy sector. 

While they are signs of stabilization, conditions vary significantly by location, price range and product type. Improvements in the resale market have been mostly driven by lower priced product or areas where price declines were enough to bring more purchasers back into the market. 


Detached homes: 

• Improved sales in the second-half of the year helped offset earlier declines. This results in detached sales that are relatively unchanged form 2018.
• While city wide levels remained stable, homes priced under $500,000 recorded sales growth of nearly 9%. However, sales declined by 11% for homes priced over $500,000.
• When considering sales activity by district, sales activity eased or remained relatively stable across most districts. However, exceptions include the North West and South Districts which recorded annual sales growth. 
• Detached benchmark prices were $480,100 in December contributing to the 2019 average of $484,808, 3% below last year's levels. 
• 2019 prices declines ranged from a 1% in the North East district to a 5% decline in the City Centre district.

Apartment: 

• Stronger apartment styles sales in December were enough to push annual levels to 2,672 units. This is just above last year's levels.
• The improvements were mostly driven by gains in the North, West and South East districts. This is offsetting the significant declines in the North East, North West and East districts.
• New listings continues to ease across all districts except the South East. This district has seen a rise in new home construction and is likely contributing to some of the rise in new listings and inventory. Despite these trends in the one district, easing inventories relative to to the sales have helped reduce some of the oversupply in this segment.
• Reductions in oversupply helped ease the rate of decline in resale apartment condominium prices. However, prices in December remained 1% below last year's levels with a price decline range of 5% in the West district to a 1% increase in the South East district. 

Attached: 

• The attached segment of the market has seen the largest improvements in sales when compared to the other product types. Annual sales improved by nearly 7% for a total of 3,780 sales.
• Both row and semi-detached product recorded improving sales with easing new listings and inventories. However, there was some variation depending on the district. 
• December semi-detached prices were $388,200 and row prices were $283,000. Both segments saw annual price declines in excess of 3% and remain well below previous highs.
• Depending on the district, the range of price activity varied significantly across the semi-detached and row segments. In 2019, price activity ranged from a 7% decline in row prices in the East district to a 1% increase for semi-detached product in the North district. 

For the entire CREB® forecast, visit creb.com.

Here are some properties we currently have listed: 

- 4 bedroom family home, finished walk-out basement in McKenzie Lake.
- A luxurious condo located in Spruce Cliff with over 2800 sqft and overlooking the Golf course. 
- 2 bedrooms and 2 bathrooms condo in Royal Oak, close to all amenties. 

If you are interested in learning more, or checking out our current listings, give us a call at 403-830-1009 or, visit our website www.sellhomes.ca.

Happy New Year! May 2020 bring an abundance of health, joy and prosperity! 

We would like to say a big Thank you to our valued clients as well as friends and family that recommended us and everyone who supports our business. 

Alberta experienced a slower economic condition and it has contributed to a decrease in average residential prices.
It was a challenging year but it doesn't mean it was a bad year in the Real Estate World. 

- Challenging markets with some fantastic and exciting opportunities for buyers.
- Regarding sellers, the number of sales has been strong in December 2019 and we see the same trend for January 2020.

We are proud to be part of the RE/MAX Team and be in the Number One recognized Real Estate organization in the world.

We are looking forward to 2020 and working with all of our past clients as well as all new clients and future referrals. 

Please visit our website or like us on Facebook and Instagram to see our new listings and the latest Real Estate News! 

Ron Garneau & Team 

I just finished uploading this Condo for sale, #443 60 ROYAL OAK PZ NW, Calgary, Alberta

This 2 bed and 2 bath top floor suite in the Lindenburg building is in a fantastic location within the complex. The layout is open, light & bright with great windows and 9' ceilings that allow for an abundance of natural light. The galley kitchen has a good number of cupboards, separate eating nook, Kohler faucets, Bosh Built in Oven, Dishwasher & Countertop stove. The refrigerator is Kenmore SXS with bottom mount freezer. The living room overlooks the quiet courtyard, has big windows & engineered hardwood floors. Master bedroom is spacious with walk through closet & 4 piece ensuite. The 2nd bedroom is a good size & has double closets. The 4 piece main bathroom includes the stacked washer and dryer. West facing balcony with natural gas hook ups is perfect for your evening BBQ's. The well managed complex is pet friendly with board approval, has a rec room with pool table, gym, bike storage, titled storage locker & titled parking stall. Close to all amenities and shops just located across the street!

I just finished uploading this Condo for sale, #5A 80 GALBRAITH DR SW, Calgary, Alberta

Location, Location, location! Great opportunity for investors or first time home buyers. This renovated 2 bedroom main floor end unit has a lot to offer! The unit has easy main floor access, an assigned parking stall #23 convent to the building and assigned storage locker just across the hall. Freshly painted throughout. New laminate flooring, ceramic tile & carpet. The brand new kitchen has a deep country sink & brand new stainless steel appliances. The 3 pc bathroom has a walk-in tiled shower with a large vanity. New electrical panel with 220V for laundry. New designer lighting throughout the unit. Common areas were recently renovated incl. new paint, flooring, doors and security cameras and the complex has new windows. Located right beside a park and the green space next to the complex adds to the tranquility of this ideally located unit. A short commute to City Center and Glenmore Trail + walking distance Mount Royal University. Move right in and quick possession is available.

I just finished uploading this Condo for sale, #205 8 HEMLOCK CR SW, Calgary, Alberta

Welcome to one of the largest units in Copperwood complex in the community of Spruce Cliff overlooking Shaganappi Golf course. Luxury living with over 2800 sqft of living space. Beautiful hardwood floors throughout the open concept living areas. Gorgeous kitchen cabinets, granite counters and stainless steel appliances. All overlooking the dining/living room, perfect for entertaining around the piano & central fireplace. Tons of natural light and a balcony surrounding the full unit with spectacular views of the valley. Relax in the large master with access to the balcony, 5 pc ensuite & huge walk-in closet. A spacious 2nd bedroom w/access to the balcony & 4 pc bath. There is a second private living wing combining a 2nd living room with an adjoining office. 2 TITLED parking stalls in the heated underground parking w/car wash, 2 separate storage spaces too. Fitness room, club house & other amenities. Just minutes to Downtown, public transportation, shopping & dining on 17th Ave. Way too much to mention.

I just finished uploading this Condo for sale, #215 26 VAL GARDENA VW SW, Calgary, Alberta

Welcome to Unit #215 at the Robson Summit of Montreux condos. Easy access direct from the rear parking lot direct to the unit. This is a beautifully kept 2 bedrooms and 2 full bath unit. Bedrooms are separated on each side of the unit. The kitchen has tall Maple cabinets, black appliances and wrap around counters. This is a second floor unit, the patio door enters to the same level as the rear parking as well as the guest parking lot. Great for visitors and dropping off groceries. 9 foot ceilings, big windows and light paint also allow the home to be cheery and bright. Other amenities include Bike storage, storage and exercise room are all located on P1, down one level. Storage locker #414 on west side of the parkade beside stall #185. Bike storage is beside stall #164. Unit parking stall #356 in P2 on the same floor as the second level. Just off 85 street with easy access out of town and Aspen Landing just down the road. Transit and fantastic schools are also near by.

I just finished uploading this House for sale, 115 SIGNAL HILL PT SW, Calgary, Alberta

Located in a private and quiet cul-de-sac perched atop the hill. Southern exposure with bright windows enhance the spectacular views of Downtown & the Mountains from all 3 levels. Signal Hill 2 story has almost 4400 sq/ft of living space, 5 bedrooms (4+1), Fully Developed Walkout basement to the beautifully tiered & landscaped yard. Parking for 6 with the Triple Attached Garage and extra wide driveway. Grand entrance features a spiral staircase rising to the open vaulted second floor. The main level has 2 spacious living rooms, 2 dining areas including the formal dining room. Gourmet kitchen with granite counters, stainless appliances & classic white cabinets. Private office as well as main floor laundry. Upstairs offers 4 well sized bedrooms and the massive master bedroom blends itself to the 5 pc ensuite with large corner tub and separate shower. Steps to Battalion Park,West Hills, Signal Hill Mall and minutes away from schools, C-train, Wes side Rec Cenre, and West Market Square.

I just finished uploading this House for sale, 23 LYNNWOOD DR SE, Calgary, Alberta

Here is a great opportunity. Zoned RC-2. 52 x 118 foot lot. Fantastic character bungalow in Lynnwood/Ogden. This is a solid updated home for first time buyers, investors or even retirees. 3 bedrooms on the main level. Simple layout with a front living room, mid dining and rear kitchen. There is also a storage room. The furnace is located on the main floor and there is no basement so NO dark crawl spaces. Updates include:mid eff. furnace, newer doors, windows, and appliances. Fully fenced and landscaped SOUTH facing yard with a wide side yard patio. Front driveway for extra parking and a paved alley in the rear. Even the street is very quiet and just steps to schools, shopping, transit and other amenities. The home is clean as a whistle and ready to move into. It is a great investment to live in, rent or hold for future development. Located up the hill and half a block to the school.

I just finished uploading this Condo for sale, #212 2850 51 ST SW, Calgary, Alberta

Welcome to Glenmeadow Gardens. This established 55+ well managed complex has all the amenities for a comfortable lifestyle awaits you. This 2 bedroom,2 full bathrooms, plus underground parking. Some of the amenities include : elevator, games room, library, exercise room, The unit offers in floor heating, gas fireplace, Air Conditioning, south facing balcony. There is a neutral color palette with an island kitchen, and includes the following appliances: Fridge, Stove, built in Dishwasher, Hood fan, ceiling fan, washer & dryer. You also a convenient banquet facility for personal gatherings and access to the Guest Suite for $25/night. Condo fees include Heat, Water, Sewer, Maintenance, Condo fee contributions, Landscaping. Come view this great unit and building to appreciate for yourself a fantastic lifestyle. The master bedroom offers a large closet and its own ensuite bathroom. There is second bedroom and another bathroom for your guests.

I just finished uploading this Duplex for sale, 20 GLADSTONE GD SW, Calgary, Alberta

What's it take to WOW You? This place WILL the moment you step in the door. Totally new renovation TOP-TO-BOTTOM with exquisite finishings. Villa bungalow with 3 bed, 3 bath, double garage, walkout basement. Located across the street from the park, ball diamond and soccer field in Glamorgan. Easy access to Mt. Royal University & West Hills Shopping. Upon entering you will notice the vaulted ceilings, bright skylight. Open concept kitchen with Granite counters, under counter lighting, New Black Stainless Appliances, corner pantry. Spacious dining & living room with New open flame Gas Fireplace. Main floor Master bedroom with 4 piece ensuite, wall to wall his/her closets. Leading down to the Fully Developed WALK-OUT basement complete with IN-FLOOR HEATING, a large living room, wet bar, beverage fridge, new 3 piece bath with shower, spacious bedroom, laundry and another living room. Double Attached Garage just off the mud room. Too much to mention...

I just finished uploading this House for sale, 5424 37 ST SW, Calgary, Alberta

Here is a rare opportunity to own a R2 zoned property in the community of Lakeview. Perched on 37 street with mountain views is this freshly painted corner lot home that has many possibilities. Stay cool with central air conditioning. There are 3 bedrooms up and two down. There are 3 bathrooms including a 4 pc main, 2 pc ensuite and 3 pc down. The home has a very spacious main floor with 2 living rooms. Oak cabinets in the kitchen with an island for more space.. You will love the double oven with built in hood fan. The home also features a wood burning fireplace with brick surround. Separate entrance to the fully developed basement where you will find another large living room. Newer hot water tank. You also get another kitchen in the lower level. The entertaining yard is fully fenced, landscaped and wired a hot tub. The detached double garage has a furnace too. The location is so convenient. Steps to Glenmore park, Mt Royal University as well as great schools in the community.

I just finished uploading this Townhouse for sale, #506 3130 66 AV SW, Calgary, Alberta

Here is a great opportunity to get into Lakeview at an affordable price. This 3 bedroom town home includes Heat/ Water and Sewer in the condo fees. You are greeted by a spacious foyer just off the attached heated garage. Up a level to the massive living room. Cozy in front of the fireplace or through the sliding doors to the private & sunny patio. Parquet hardwood flooring. A few steps up to the spacious kitchen and dining area. Real oak hardwoods in the dining & ceramic tile in the kitchen. Stainless appliances. This area is great for large gatherings for seating for 10 guests. The next level is dedicated to the formal master suite which features an ensuite bathroom and plenty of closet space. The upper level offers two more bedrooms and another bathroom. The finished basement has a recreation room and Laundry. Clean and freshly updated offers you the option to move right in. The location is so convenient too. Just a half block to TWO great schools and steps to Glenmore Park. Come see today.