November 2023 Real Estate Market Update

November Brings the 31st Annual RLP Food Drive and a Feeling of Déjà vu

As we move through the fall season, we are excited for what all that it brings. The 31st Annual RLP Food Drive is taking place on November 29th at Canmore Chrysler. It is such a great event and so needed in our community. As the ski hills are starting to open it is great to see the Bow Valley getting excited for the upcoming winter season.You can feel the excitement building, people walking around town with their skis / boards to get tuned following epic adventure movie watching at the recently ended Banff Mountain Film Festival.

Looking back to our newsletter in November of 2022 we feel a good dose of déjà vu. Quotes from last year of “Our market is one that many are struggling to understand. While it has felt for many like the market has taken a step back and with many price reductions, we can see how it could be viewed that way.”

As we look at our market, we see the listing inventory this time of year quite consistent. There are small increases each year over the past three years with total listings being 131, 138, 144. What is dramatic is the listing inventories in November for the 3 years prior to Covid was 189, 196 and 228. The average number of listings in November over the last 10 years is 192 which makes 2023 25% below that.

Listing inventory is just one of many metrics we use. When we look at sales numbers for the month of October in the 5 years prior to the pandemic we get an average of 49. That is 40% higher than this year. During those years we started the month of October with an average of 231 listings giving buyers 70% more properties to choose from. The reason this is so important to consider is that the lack of inventory in a recreational market often causes buyers to be more patient and hence wait for the right property at the right price.

As mentioned above and below, we are proud to announce once again, that our 31st annual Royal LePage Food Bank Drive will be on Wednesday November 29th. This is our biggest ask of the year, as we always need help on the evening for a few hours. We are happy to pick up any donations both nonperishable food and/or a monetary donation. 


Recently sold listing at 3120 60 Panatella STREET NW in Calgary

I have sold a property at 3120 60 Panatella STREET NW in Calgary.
Welcome to the beautiful unit of the Panorama Pointe ,heart of the Panorama Hills .Ground floor 2 bedroom , Den and 2 washroom unit. Unit offer in-suite laundry. Master bedroom come with the En-suite washroom. Close to all all amenities ,shops restaurants . Don't wait and call you favorite realtor to schedule the private viewing.

Recently sold listing at 3615 3 STREET SW in Calgary

I have sold a property at 3615 3 STREET SW in Calgary.
*Open House - Saturday October 22, 2023 - 12PM-3PM* Nestled within the prestigious Parkhill community, this stunning executive home is a testament to timeless elegance and meticulous craftsmanship. With a captivating blend of brick and cedar exterior, a concrete tile roof, and professionally landscaped grounds, this residence exudes curb appeal that will leave a lasting impression. As you approach this architectural gem, the enchanting backyard oasis immediately catches your eye. Picture yourself enjoying evenings gathered around the fire pit with loved ones, surrounded by lush greenery and a beautifully manicured lawn. Step inside, and you'll be greeted by an abundance of natural light pouring in through large floor-to-ceiling windows, casting a warm glow onto the rich hardwood floors that grace the main level. The open and spacious layout seamlessly connects the large kitchen to the inviting living room, where a gas fireplace and built-in shelving create a cozy ambiance. The heart of any home, the kitchen here is a chef's dream come true. It boasts ample counter space and custom cabinetry, making it a hub for culinary creativity and entertaining guests. Escape to the tranquility of the master bedroom, which overlooks the lush garden. This spacious retreat features a lavish 5-piece ensuite, complete with a spa-like soaking tub, a separate shower, and dual sinks. Additionally, a generously-sized walk-in closet ensures you have all the space you need to organize your wardrobe. A total of 3 bedrooms completes the upper level with 2 full washrooms. This home offers even more with a fully permitted illegal basement suite, with 1 bedroom and 1 full washroom, featuring large windows, providing a versatile space that can serve as a rental unit or additional living quarters for extended family members. The pride of ownership shines through in every detail of this residence. It has been meticulously maintained and cared for, ensuring that it is ready to welcome its new owners with open arms. Car enthusiasts and those with a penchant for workshop space will appreciate the large insulated double garage and an additional single garage, thoughtfully equipped with insulation and heating. The expansive concrete driveway offers ample parking, and convenient alley access adds to the practicality of this offering. In the heart of the Parkhill community, this executive home offers a harmonious blend of luxury, comfort, and functionality. It's an opportunity to experience the finest in Calgary living. Don't miss your chance to make this exquisite property your new home sweet home. Contact us today to schedule a private showing and discover the lifestyle that awaits you in Parkhill. Things to consider when living in Parkhill: Proximity to downtown, Scenic Natural Beauty, Heritage Charm, Great Schools, Cafes & Dining, Community Spirit, Recreational Opportunities, Access to Amenities, Safe & Peaceful Environment, Investment Potential.
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