Cyndi Collins
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Balanced conditions take pressure off prices

A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units. Although this is more than double the number reported last year, last year’s supply was exceptionally low, and current inventory levels are consistent with what we typically see in April. April sales reached 2,236 units—22 per cent below last year’s levels but in line with long-term trends.

“Economic uncertainty has weighed on home sales in our market, but levels are still outpacing activity reported during the challenging economic climate experienced prior to the pandemic,” said Ann-Marie Lurie, Chief Economist at CREB®. “This, in part, is related to our market's situation before the recent shocks. Previous gains in migration, relatively stable employment levels, lower lending rates, and better supply choice compared to last year’s ultra-low levels have likely prevented a more significant pullback in sales and have kept home prices relatively stable.”

The rise in inventory levels helped the market shift to balanced conditions with nearly three months of supply. However, conditions vary depending on price range and property type. Lower-priced detached and semi-detached properties continue to struggle with insufficient supply, while row and apartment-style homes are seeing more broad-based shifts to balanced conditions.

The additional supply has helped relieve the pressure on home prices following the steep gains reported over the past several years. Benchmark prices for each property type have remained relatively stable compared to last month. However, compared to last year, detached and semi-detached prices are over two per cent higher than last year's levels, while apartment and row-style home prices have remained relatively unchanged.

 

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Posted in Rural Rocky View County, Rural Rocky View County Real Estate
New property listed in Rural Rocky View County, Rural Rocky View County

I have listed a new property at 435 Rodeo RIDGE in Rural Rocky View County. See details here

Welcome to this immaculately maintained Custom-built Bungalow with Walkout Basement in the quiet community of Rodeo Ridge in Springbank Links, backing onto par 3 hole #5 of Springbank Links golf course and park/green space across the street, the dramatic entrance has captivating views emphasized by the barrel vaulted ceilings with stunning views over the golf course of aptly named Emerald Bay and Calgary’s city center and all within 10 minutes to Calgary Olympic Park and convenient shopping/amenities. Rich maple kitchen cabinets built on site with stately granite counters with eating bar and slate flooring, stainless appliances including built in side-by-side Kitchen Aid refrigerator and microwave wall oven, Bosch dishwasher, Thermador gas range, panelled hood fan, beautiful wool Berber carpeting, structured category 5e wiring throughout – suited for home automation and whole home audio. Spacious dining room, large walkthrough pantry, main level laundry, bright breakfast nook, great room with gas fireplace and vaulted ceilings, large primary bedroom with 5-piece ensuite/jetted tub, ample walk in closet, main level bedroom or office, hour glass shaped open riser staircase to bright walkout lower with 3 additional bedroom or office space, wet bar in recreation/games room, corner gas fireplace, custom built cabinets, massive storage/utility room with new hot water tank (Oct 2024) new furnace motor (Nov2024) new 50 year asphalt shingled roof (Sep2016), entire interior repaint with a designers touch (Mar2025) I will say it again, this home is immaculately lived in and the pride of ownership shows in every quality detail! School bus pick up for the Springbank elementary, middle and high schools ranked top 5% in Alberta over the last 5 years according to Fraser Institute 2024. Plus, close to numerous private schools including Edge. Water and Sewar is Emerald Bay Water Co-op, Rodeo Ridge Condo Association includes garbage, recycling and road snow removal.

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Posted in Rural Rocky View County, Rural Rocky View County Real Estate
Open House. Open House on Sunday, May 4, 2025 2:00PM - 4:00PM

Please visit our Open House at 435 Rodeo RIDGE in Rural Rocky View County. See details here

Open House on Sunday, May 4, 2025 2:00PM - 4:00PM

Welcome to this immaculately maintained Custom-built Bungalow with Walkout Basement in the quiet community of Rodeo Ridge in Springbank Links, backing onto par 3 hole #5 of Springbank Links golf course and park/green space across the street, the dramatic entrance has captivating views emphasized by the barrel vaulted ceilings with stunning views over the golf course of aptly named Emerald Bay and Calgary’s city center and all within 10 minutes to Calgary Olympic Park and convenient shopping/amenities. Rich maple kitchen cabinets built on site with stately granite counters with eating bar and slate flooring, stainless appliances including built in side-by-side Kitchen Aid refrigerator and microwave wall oven, Bosch dishwasher, Thermador gas range, panelled hood fan, beautiful wool Berber carpeting, structured category 5e wiring throughout – suited for home automation and whole home audio. Spacious dining room, large walkthrough pantry, main level laundry, bright breakfast nook, great room with gas fireplace and vaulted ceilings, large primary bedroom with 5-piece ensuite/jetted tub, ample walk in closet, main level bedroom or office, hour glass shaped open riser staircase to bright walkout lower with 3 additional bedroom or office space, wet bar in recreation/games room, corner gas fireplace, custom built cabinets, massive storage/utility room with new hot water tank (Oct 2024) new furnace motor (Nov2024) new 50 year asphalt shingled roof (Sep2016), entire interior repaint with a designers touch (Mar2025) I will say it again, this home is immaculately lived in and the pride of ownership shows in every quality detail! School bus pick up for the Springbank elementary, middle and high schools ranked top 5% in Alberta over the last 5 years according to Fraser Institute 2024. Plus, close to numerous private schools including Edge. Water and Sewar is Emerald Bay Water Co-op, Rodeo Ridge Condo Association includes garbage, recycling and road snow removal.

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