Calgary Real Estate News from Geoff Antrum & Matt Antrum February 2018   
  Real Estate News




Geoff Antrum & Matt Antrum
Members of CREA *

8060 Silver Springs Bv. NW
Calgary, Alberta
403 608 5682
403 608 5684
www.SearchCalgaryHomes.ca


 
It's important to be aware of the latest home trends, especially if you're looking for ways to make your home more appealing to buyers. This month’s article outlines some of the popular home trends for 2018.

There's also some great advice on how to maintain your smoke alarms as well as a website that will challenge your brain and donate to charity at the same time!

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

A Real Estate Review can help you decide on your plans for this year. Think about it!

Geoff & Matt

In this issue...
Calgary Real Estate Market Update 
Predictable Calgary housing market in January.

The new year opened predictably, with monthly figures close to the Januarys of the past three years.

With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector.

Overall January sales totaled 958 units, nearly two per cent above last year and 11 per cent below long-term averages.

"2018 was kicked off with higher rates and the official implementation of the new mortgage requirements. While it is too early to see the impact of these changes, so far, January levels are consistent with what we saw last year," said CREB® chief economist Ann-Marie Lurie.

"The recovery will be bumpy, and we will continue to monitor the impact of the lending changes relative to the overall economic climate."

Stable sales were met with rising new listings, causing further gains in inventory levels and impacting prices. Citywide, unadjusted prices totaled $432,300, 0.21 per cent below last month and 0.25 per cent below last year's figures. Prices eased across all product types compared to last month, but price declines were more pronounced in the apartment and attached sectors.

In the detached sector, new listings rose with declining sales activity for product priced over $500,000. However, product priced between $300,000 and $399,999 saw an increase in activity. This will be an adjustment to the new reality buyers and sellers face, as pockets of the market will experience a mismatch between supply and demand.

"Sellers needs to be aware of the competing supply in the market. This can influence the timing of their decision, along with setting realistic expectations regarding time on the market and selling price," said 2018 CREB® president Tom Westcott. "For buyers, getting pre-approved for a mortgage is essential, along with getting advice from a REALTOR® to get into a home they will be happy with."

Hot Home Trends for 2018 
Curious about what’s trending in homes and gardens this year?

It’s that time of year when homeowners are thinking about revamping and refreshing their space.  Here are a few of the latest trends and styles that are gaining steam:

  1. Ziggity Zag - Geometric patterns are making a comeback! It could be as simple as adding a few accent pillows or for a bolder statement, consider some patterned wallpaper.

  2. Concrete Ideas - This versatile material is becoming increasingly popular for sinks but can also be used in more unique ways such as furnishings, wallcoverings and tile.

  3. Sleep Easy - Embrace minimalist bedrooms this year with soothing neutrals and plain furniture pieces. Keeping the space simple will help you enjoy a restful night’s sleep.

  4. Full House - Multigenerational living is a major home design trend for 2018. Additional kitchens, basement renovations, and seperate entrances are just some of the ways homes are reflecting this trend.

  5. The Heart of the Home - Homeowners are injecting warmer, brighter tones on their kitchen walls and cabinets. Sinks made with materials like stone, copper, concrete or granite will also steal the spotlight in 2018.

If you're thinking about breathing some new life into your home with a new year’s makeover, be sure to take the latest trends into account during the planning stage. Hopefully these ideas have given you inspiration to inject some new style into your home!

Real Estate Review - Think About it! 

Are you planning any real estate moves this year?
Are you confused about the value of your city assessment?

Do you need an update on the value of your home?
 

If you are we can help and assist you.
 

We are able provide you with a Real Estate Review, with no obligations, even if you are not selling this year. This can be done by coming to your home or meeting in our office. We will prepare a detailed summary of your community and a comparative market analysis for your home.
 

If you would like to know what renovations and updates will add the most value to your home we can discuss what possible options are available to keep your home in top condition and ensure the value is maintained.

 

Do you need tips on what to do to increase the value of your home?  It’s not all about selling but just making sure your home is maintained and enjoyable to live in.
 

Lets meet for a chat and discuss your options.
 

Smoke Alarm Smarts 
Smoke detectors are important but they’re often overlooked.

Countless tragedies are prevented each year by smoke detectors. Here are a few tips to ensure your smoke detectors are in full working order:

  1. Test each alarm regularly by pressing the test button until the alarm sounds.

  2. Blow the dust out of the alarm whenever you check or change the batteries.


  3. Don't "borrow" the batteries for the TV remote as you'll likely forget to replace them.

  4. Smoke alarms should be replaced at least every ten years to ensure proper working order.

  5. Don't install alarms near windows or doors as drafts could stop smoke from reaching the alarm system.

  6. There should be at least one alarm installed on each floor including the basement and preferably every bedroom.

Alarms can be hard wired, battery powered or preferably a combination of both. Interconnected smoke alarms are best because when one alarm goes off, they all do. If you have any questions, your local fire department will be more than happy to help.

Educate and Donate 
Smarten up and end hunger, a few grains of rice at a time!

Next time your kids are on their devices, send them over to www.FreeRice.com where they can learn and donate at the same time!

Users answer multiple choice questions on a range of subjects including math, language, geography and science.  When a question is answered correctly, 10 grains of rice are donated via the World Food Program.

These questions aren’t just for kids; in fact, anyone can benefit from this game as you can adjust the difficulty level. The vocabulary section will definitely give you some mental stimulation so it’s a win-win!



PS Looking to Buy or Sell your home in the near future please call us
Geoff at  403 608 5682 or email: gantrum@cirrealty.ca
Matt  at   403 608 5684 or email: mantrum@cirrealty.ca
Check out our website at:  www.SearchCalgaryHomes.ca

Geoff and Matt support:  Alberta Childrens Hospital
* Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.


Not meant to solicit clients already under contract.