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theyellowbrickroad.ca

November 2018 Issue
403-829-2092
Natalie Berthiaume
November newsletter

Hello Friend

Welcome to my newsletter. Here you will find the latest real estate news and stats for your area. If you would like more information about market conditions in your community, or have any other real estate related questions, please contact me. I would be happy to meet with you to see how I can help you out.

Natalie Berthiaume
Natalie Berthiaume
Helping You Find Your Way Home
CIR Realty
403-829-2092
theyellowbrickroad.ca

Oversupplied market weighs on prices

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Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market.

Citywide benchmark prices totalled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent.

“Job growth in this city remains a concern, as unemployment levels remain well above levels expected for this year. Rising costs of ownership also continue to weigh on housing demand,” said CREB® chief economist AnnMarie Lurie.

“At the same time, housing supply levels are not adjusting fast enough to current conditions, resulting in price adjustments.”

Inventories and sales totalled 7,345 and 1,322 in October. This has resulted in months of supply of 5.6, above levels typical for this month. While some easing in new listing growth will help prevent further inventory gains, inventory levels remain near record highs for the month of October.

Click here for the full report.

Make The Most Of November—Without Leaving Your Home

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November is finally upon us and with each passing week, the days are getting both shorter and colder. There has never been a better time to skip the outdoors and stay within the cozy confines of your home. With these helpful ideas, you can make the most of your November from the comfort of your own home!

Take Back Your Space

It can start slowly, but clutter can steadily take over your home if you aren’t careful! First, a few knick-knacks lying about from a trip last summer. Then, a couple of mementos that you never had the heart to throw away. Perhaps an emptied pizza box that didn’t quite make its way into the recycling bin. Whatever the case might be, November is a great chance to go through your home and clear out any unnecessary clutter—take back your living space!

Find A New Hobby

Even with the days getting shorter, you can still find plenty of time to start a new indoor hobby! Whether it’s painting, yoga, or playing an instrument—November is a great month to try something new. Without the allure of sunny days, it’s far easier to get invested in a new hobby. If you find one you really enjoy, it might come in handy when you need a break from the holiday stress of December!

Break Out The Holiday Decorations

If department stores can fill the aisles with holiday decorations over a month in advance, why can’t you? Get a jump-start on the holiday excitement by bringing out your holiday decorations towards the end of November. While others may struggle to find the time for decorating between shopping and arranging family dinners, you can relax and bask in the holiday cheer of your tastefully decorated interior.

Calgary Market Watch - Detached

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Stats are calculated comparing October 2018 to October 2017 .

To see more information on local stats in Calgary, please click here.

Airdrie Market Watch - Detached

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Stats are calculated comparing October 2018 to October 2017 .

To see more information on local stats in Airdrie, please click here.

Local Events

Art Market Art & Craft Sale
Calgary, AB
November 15-18, 2018
Taste of Home Gala
Calgary, AB
November 23, 2018
Spruce Meadows International Christmas Market
Calgary, AB
November 16, 2018 - December 2, 2018

Latest Featured Listings

C4214638

This gorgeous home has many incredible updates Hillcrest / C4214638

$448,500
3 Bedrooms 3 Bathrooms 2,151 Sq Ft
Sold
C4208475

Phenomenal price Lower Mount Royal / C4208475

$190,000
2 Bedrooms 1 Bathrooms 660 Sq Ft
C4203467

Incredibly well located home Auburn Bay / C4203467

$489,900
3 Bedrooms 3 Bathrooms 1,969 Sq Ft
Sold
C4202550

Excellent opportunity Luxstone / C4202550

$359,900
3+1 Bedrooms 3 Bathrooms 1,514 Sq Ft
C4202086

Unbeatable location Reunion / C4202086

$459,900
3 Bedrooms 3 Bathrooms 2,167 Sq Ft

This is not intended to solicit properties currently listed for sale or individuals currently under contract with a brokerage.


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