Marjorie and Doug's Blog: August 2007

Chestermere Alberta Bungalow with Home Theater, Air, Fully Developed Basement.

Looking for a bungalow with all of the extras? For $649,900 you will find this home has many features on your list such as: oversized attached double garage, vaulted ceilings with skylights in the kitchen and bedroom, formal dining room, den two bedrooms and two baths on the main floor and central air. The fully developed basement has: a home theater; built-in computer deck; wet bar; home gym; rumpus room; 4 piece bath; storage room and two bedrooms. Well finished, well maintained and in immaculate condition. This home is located 8 miles east of the City of Calgary in a town of 10,000.

Chestermere Alberta Bungalow with Home Theater, Air, Fully Developed Basement.

Looking for a bungalow with all of the extras? For $649,900 you will find this home has many features on your list such as: oversized attached double garage, vaulted ceilings with skylights in the kitchen and bedroom, formal dining room, den two bedrooms and two baths on the main floor and central air. The fully developed basement has: a home theater; built-in computer deck; wet bar; home gym; rumpus room; 4 piece bath; storage room and two bedrooms. Well finished, well maintained and in immaculate condition. This home is located 8 miles east of the City of Calgary in a town of 10,000.

Lakefront Home At Chestermere Lake Alberta Just Minutes From Calgary.

Lakefront home is an excellent starter, or great building site with 13,422 sq. ft. to build upon. Build right away, live here until you can afford to build or rent it out until you are ready. Prices on lakefront property are escalating and lakefront building lots are very hard to find Don't miss this chance to get on the lake. Just 20 minutes to downtown Calgary this home is a world away that is just minutes away from work. Waterski, wakeboard, fish, sail or swim, you can do it all from here!

Calgary Area Average Acreage Price Up $200K In One Year.

In July 2006 the average sales price of an acreage in the area surrounding Calgary has increased by $200,000.  In July 2006 the average acreage price was $648,714.  July 2007 shows an average price of $842,563. A lot of acreage owners must have decided the price is right as there are currently 720 acreages for sale compared to 403 last year.

More listings, fewer sales. July 2007 had only 63 sales compared to 86 last year.  Perhaps acreages have seen their major price increases until the inventory gets absorbed.

Buyer's Market In Chestermere!

In Chestermere at the end of July we are sitting with over 100 listings. During July 34 homes sold and 11 sales are still pending. 11 listings expired. We could definitely use a few more buyers, but we are not in a desperate situation. The Chestermere market can easily have 80 listings and be a balanced market. Lakefront homes

There are seven lakefront lisitngs with only 2 listed under 1 million. During July one lakefront sold for over $1,500,000 and another lakefront home sale is pending for over $1,000,000. We represented both the buyers and the sellers on these transactions. We have been working with quite a few lakefront buyers hoping to stay around the 1-1.1 million mark. As September rolls in I am sure that this market will move back into a more balanced market.