Calgary Real Estate News from Geoff Antrum & Matt Antrum September 2017   
  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


 
Does your home sometimes feel a little cramped?  If so, this month's article has some terrific space saving strategies that will help you get the most out of your square footage!

There's also some great advice on how to keep your plants lean and green as well as a reminder about the dangers of radon and how it can affect your family's health.

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!

Geoff & Matt

In this issue...
The Calgary Real Estate Market Report 
Growth in new listings outpaced home sales in August.

Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated.

Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties.

While inventories were 16 per cent higher than August 2016 levels, the slight rise in sales prevented further gains in the months-of-supply, which remain just above four months.

“Employment growth is contributing to the stability in sales activity, but it is not enough to meet the recent rise in listings and make a substantial dent in inventory levels,” said CREB® chief economist Ann-Marie Lurie.

“Unemployment rates remain elevated and job growth is mostly occurring outside the energy sector, slowing the recovery process.  Broader economic improvements will be required prior to it translating into substantial improvements in the housing market.”

The second month of higher inventories compared to sales weighed on prices for the month.  The unadjusted city wide benchmark price totaled $442,300 in August.  This is 0.3 percent below last month, but remains nearly one per cent above last year’s levels.  Overall total residential prices remain four per cent below peak levels.  

“Buyers have several options in this market, and sellers need to continue to be realistic regarding the price they expect to receive for their home,” said CREB® president David P. Brown.  “While some of the buyers are re-entering the market, they are also considering all of their options prior to making a commitment.”  

The pace of growth in detached sales has closely matched new listings this year. However, inventory levels continue to remain at 3,280 and months-of-supply pushed up to 3.32.  Recent gains in months-of-supply prevented further gains in prices this month.  Detached prices totaled $510,900 in August. This is slightly lower than last month, but 1.5 per cent above last year’s levels.

With over seven months-of-supply, the excess supply continues to weigh heavily on the apartment condominium sector.  As of August, the benchmark price totaled $263,300.  This is one per cent below last month and three per cent below last year’s levels.  Downward price pressure in this sector is expected as supply levels remain elevated in the new, resale and rental market.

Thinking Big in Small Spaces 
With a little help, you can still live large in a small space!

If you live in a small space, it’s important that you don’t feel boxed in.  The following tips will help transform your cramped quarters into something more expansive:

  1. Shady Solutions - Painting walls a soft shade and the ceiling bright white will give the illusion of added height.

  2. Is That a Door In Your Pocket? - Installing pocket doors is an easy and inexpensive way to create lots of extra useable space.

  3. Lighten Up - Keep window areas clear of heavy drapes to expand wall area and let the sun shine in as it helps a space feel larger.

  4. Mirror Mirror - Strategically placed mirrors will create the illusion of added space and they’ll also reflect light into adjoining rooms.

  5. Cut a Rug - Having the same type of flooring throughout your home will make it feel more spacious so avoid using too many area rugs.

  6. Hide & Seek - Maximize every hidden space you have by using shelving pockets behind doors or bed risers for that all important under the bed storage.

  7. Cut the Clutter - Have a place for everything so that the surfaces in your home don’t get cluttered.  Storage baskets for example are great for hiding remotes & magazines.

  8. Open Up - Arrange your furniture so you can see as much of the floor as possible.  Rooms with blocked views can feel cramped so move furniture away from entrances.

Whether you're getting ready to put your home on the market or you just want to create more space for yourself, these easy and inexpensive tips will help give you a little extra breathing room.  By thinking big and getting creative, you can comfortably live large in even the smallest of spaces.

How to Keep your Houseplants Lean and Green 
A few houseplants will offer your home a breath of fresh air!

Houseplants are visually appealing and also improve our home's air quality by adding oxygen and removing harmful pollutants.  Here are a few hardy plants that will thrive in any environment:

  1. Spider Plants (Chlorophytum comosum) are great for beginners as they’re almost impossible to kill and they also look great in hanging baskets.

  2. Cast Iron Plants (Aspidistra elatior) are foolproof as they only require dim light and don’t need much water.

  3. The Lucky Bamboo (Dracaena sanderana) simply stands in water and has been used by the Chinese for centuries in the art of feng shui to create harmony in the home.

Accidental drowning is a leading cause of death for houseplants.  Water them thoroughly but make sure there are drainage holes so excess water can escape as you don’t want your plants to be sitting in water.

Improper lighting is another reason why promising young plants become statistics.  It's important to match the lighting needs of plants with the amount of light you have to offer.

Houseplants are a simple and cost-effective way to infuse natural, serene style into your home.  Better yet, research suggests they reduce stress and cold related illnesses and also increase our energy levels so go out today and outfit your home with some of nature's lean mean green machines!

The Lowdown on Radon 
Do you know if you and your family are protected against radon?

Radon is an invisible radioactive gas that occurs naturally in the environment from the breakdown of uranium in soil and rocks.

It doesn't present a concern outdoors but when radon becomes trapped inside a house, it can be very harmful to your health as it increases the risk of lung cancer.

Radon can seep into your home through gaps in floors, walls and foundations.  The only way to know if you have high radon levels is to purchase an inexpensive testing kit or to install a radon detector.

Radon concentrations vary from home to home so don't take any chances -- protect your family by testing your home for radon today.



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.