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Ellyn Mendham & Tom Westcott R E A LTO R S ®

YOUR CALGARY REAL ESTATE SOLUTIONS

403-259-4141

www.CalgaryRealEstateSolutions.com

RE/MAX REALTY PROFESSIONALS

YYC

AUGUST 2019

REALTY NEWS

M AY 2 01 8

S A L E S I M P R OV I N G A N D I N V E N TO RY D E C L I N E S F O R F O U RT H M O N T H I N A ROW City of Calgary, August 1, 2019 – For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings. The market continues to favour the buyer, but a continuation in supply reduction compared to sales is needed to support more balanced conditions. “We are starting to see reductions in supply across the resale, rental and new-home markets,” said CREB® chief economist Ann-Marie Lurie.

to 4.5 months, a significant improvement from the 5.5 months recorded last year. With less oversupply in the market, prices are showing some signs of stability on a monthly basis. This is causing the rate of price decline to ease on a year-over-year basis. Overall, yearto-date benchmark prices remain over four per cent below last year’s levels. source:creb.com

C I T Y O F C A L G A RY ( AUG 2019 )

“This adjustment in supply to the lower levels of demand will support more balanced conditions. It is starting to support more stability in prices. If this continues, the housing market should be better positioned for recovery as we move into 2020.”

ATTACHED

DETACHED

CONDOS

Year-to-date sales activity remains just below last year’s levels and well below longer-term averages. However, the reduction in inventory has caused the months of supply in July to ease

AVERAGE • $386,991

AVERAGE • $525,314

AVERAGE • $284,184

LISTINGS 621 SALES 352 D.O.M. 67

LISTINGS 1606 SALES 1003 D.O.M. 50

LISTINGS 493 SALES 291 D.O.M. 79 Source: www.creb.com


Ellyn Mendham & Tom Westcott R E A LTO R S ®

YOUR CALGARY REAL ESTATE SOLUTIONS

403-259-4141

www.CalgaryRealEstateSolutions.com

RE/MAX REALTY PROFESSIONALS

E V E N T S I N Y YC GLOBALFEST AUGUST 15 - 24 ELLISTON PARK

CALGARY RIBFEST AUGUST 23 - 25 MAX BELL CENTRE

KINDLE PURSUIT SEPTEMBER 7 CAMP KINDLE

SPRUCE MEADOWS MASTERS CS105 | SEPTEMBER 4 - 9 SPRUCE MEADOWS

ALBERTA'S MOST EXPLOSIVE

RIBFEST IS ALL ABOUT SERVING YOU THE BEST IN SLOW-COOKED ALBERTA BEEF AND PORK RIBS, BBQ CHICKEN AND SAUCY PULLED PORK INCLUDING DELICIOUS SUCH AS MAC AND CHEESE, COLESLAW, BEANS, CORN BREAD AND MORE. RIBFEST ALSO FEATURES LIVE LOCAL MUSIC, BEER GARDEN, BEST RACK COMPETITION, KIDS FUN ZONE.

A ONE-DAY EVENT, INCLUDING SOME FIERCE COMPETITION, IN WHICH TEAMS OF FOUR TEST THEIR PHYSICAL AND MENTAL STAMINA WHILE RACING TO COMPLETE AN OBSTACLE COURSE. CAMP KINDLE IS A CAMP RAN BY KIDS CANCER CARE, WHERE CHILDREN AFFECTED BY CANCER CAN ENJOY SUMMER ACTIVITIES AT A PLACE SPECIALIZED FOR THEM.

THE EYES OF THE WORLD ARE FOCUSED ON SPRUCE MEADOWS AS THE BEST ATHLETES FROM THE WORLD'S TOP SHOW JUMPING NATIONS COMPETE FOR PRIZE MONEY AND INTERNATIONAL ACCLAIM DURING THE SPRUCE MEADOWS 'MASTERS'. FAMILY ENTERTAINMENT AND SHOPPING OPPORTUNITIES ARE AVAILABLE.

FESTIVAL ILLUMINATES THE SKY WITH A COLLIDING ORCHESTRA OF LIGHT AND SOUND. 2019 FEATURES PRESENTATIONS PRODUCED BY WORLD-CLASS PYRO MUSICAL ARTISTS HAILING FROM THE USA, SPAIN, CHINA & CANADA, CULMINATING WITH GLOBALFEST’S OWN SPECTACULAR FINALE PRESENTATION.

(SOURCE: VISITCALGARY.COM)

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AMAZING CALGARY PATIOS YOU NEED TO VISIT THIS SUMMER

WITH WARM WEATHER FINALLY HITTING CALGARY THERE’S NO BETTER TIME THAN THE PRESENT TO ENJOY A MEAL, COLD DRINKS, AND GOOD COMPANY IN THE GREAT OUTDOORS.

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[ HIGH LINE BREWING ] 1318 9 AVENUE SE #113 This Inglewood brewer y has a killer outdoor patio tucked out of sight from the busy street. Enjoy a beer and soak up the sun at this spot.

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[ CHARBAR ] 618 CONFLUENCE WAY SE Located on the roof of the Simmons Building, Charbar ’s sun trap of a patio offers patrons one of the most stellar views in Calgar y.

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[ THE REC ROOM DEERFOOT ] 901 64 AVENUE NE The Rec Room’s two-level patio has got to be one of the best places to soak in the rays or play with outdoor games in Calgar y. [ NATIONAL ON 8TH ] 225 8 AVENUE SW #360 This National location boasts western Canada’s largest rooftop patio, so you know it’s epic. Take a seat at the picnic tables at this open-air patio and enjoy National’s menu of food and drinks. [ THE SHIP & ANCHOR ] 534 17 AVENUE SW If you haven’t hung out on this sunny spot during a warm day, have you ever truly enjoyed summer? This much-loved pub boasts a killer outdoor space.

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[ BONTERRA TRATTORIA ] 1016 8 STREET SW Patrons can head to Bonterra’s stunning Tuscan garden terrace on a sunny day. Enjoy authentic Italian eats while surrounded by a green and romantic atmosphere.

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[ BLANCO CANTINA ] 723 17 AVENUE SW What could be better than eating Blanco’s delicious nachos in the sun? This spot has a prime patio location with tons of sunlight for ever yone to bask in.

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[ 1410 WORLD BIER HAUS RESTAURANT & LOUNGE ] 1410 17 AVENUE SW Rooftop patio? We’re in. This spot’s sunny outdoor space is one of YYC’s favourite, and one glance at the killer setup at 1410 World Bier Haus Restaurant & Lounge and it’s easy to see why.

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[ RIVER CAFE ] 25 PRINCE’S ISLAND PARK Enjoy sounds of tree leaves rustling in the wind, water rushing down the Bow River, birds chirping and geese quacking while eating gourmet menu items made with locally sourced / seasonal ingredients.

10. [ BROKEN CITY ] 613 11 AVENUE SW Broken City is home to one of the best rooftop patios in Calgar y where you’ll find pub-style food and drink, plus live entertainment and full on events at other times. (source:dailyhive.com)

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