Pamela Steele

Hello Everyone!
As many of you know, I have been home full time with my new addition for the past year and a bit ... and LOVING it!

I have changed directions a bit, so that I can spend more time with her, and continue to bring in an income to help support the family.

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Oily Mama with Pamela Steele Health/beauty

I want to take a moment to thank the wonderful clients, friends and family whom I've had the privilege of working for and with over the last few years. It's been such an honor to be a part of so many people's journeys and adventures of home buying and selling. As of the beginning of June I have now suspended my Real Estate license in order to prepare to welcome a baby into my world. So with mixed emotions I lay down one hat to pick up another. I'm very excited for this new season in my life and truly wish all of you a wonderful, blessed and prosperous year in anything you put your hands to.

Please share ... homes for shelter for Fort Mac residents available. Information in the link below.

Media Release from CREB
HOUSING SALES SLOWER THAN TYPICAL IN FEBRUARY

Monthly prices decline for fifth consecutive month
Click here to view the full monthly stats package. Calgary, March 1, 2016 – February sales totaled 1,127 units in Calgary, a 6.63 per cent drop over last year and 37 per cent lower than long-term averages for the month.
City wide unadjusted benchmark prices totaled $445,000 in February, a 0.63 per cent decline over January and 3.45 per cent lower than levels recorded last year.
“Slow sales and elevated housing inventory has resulted in further price declines,” said CREB® chief economist Ann-Marie Lurie. “Given the current economic environment, it is no surprise that consumer confidence and housing demand is being impacted.”
Calgary has seen employment fall for eight consecutive months, while unemployment rates have reached levels higher than the previous recession, said Lurie, adding that these conditions are expected to persist over the next several months.
While the number of new listings in Calgary continues to fall, inventory levels have remained elevated at 5,681 units. Overall, market conditions continue to favour the buyer with five months of supply.
“The high volume of inventory that we’re seeing has pushed sellers to be more realistic about their pricing expectations and the amount of time their properties may be on the market,” said CREB® president Cliff Stevenson. “Buyers are less likely to submit an offer if there’s a big gap between the listing price and what they are willing to pay. A solid selling strategy can really make the difference in this market.”
In February, there was a noticeable shift in the share of sales in the apartment and attached sectors. The apartment segment dropped to 15 per cent, while the attached market rose to 24 per cent. Overall, the apartment and attached sectors typically represent 17 and 22 per cent of the market respectively.
“Some of the shifting sales from the apartment to attached sectors are likely related to more options in the lower price range of the attached market,” said Stevenson.
The attached market is the only segment that recorded a year-over-year rise in sales activity. While this is partially related to the extra day in February this year, overall activity remained higher than the February lows recorded in 2009.
Meanwhile, both detached and apartment sales declined over last year’s activity and fell to the lowest February level recorded in over a decade.
The detached market recorded a fall in new listings, which prevented inventory levels from rising to new February highs. In fact, detached inventories remain 32 per cent below peak levels recorded in 2008.
While buyers have lots of choices, the detached market continues to show varying trends based on price range. Most notably, there is some some evidence of imbalance starting to impact the $500,000 - $599,999 range of the market. The detached benchmark price totaled 504,400 in February, a 0.71 per cent decline over the previous month and 3.19 per cent below February 2015 levels.

HOUSING MARKET REMAINS UNCHANGED IN JANUARY

Slow sales activity and inventory gains place downward pressure on prices

Calgary’s housing market is starting 2016 firmly in buyers’ market territory, much the same as last year ended.

“The recent slide in energy prices has raised concerns about near-term recovery prospects for the city,” said CREB® chief economist Ann-Marie Lurie. “Energy market uncertainty and a soft labour market are weighing on many aspects of our economy, including the housing sector.”

City wide, January sales totaled 763 units, 13 per cent below last year and 43 per cent below long-term averages. While new listings declined by 16 per cent compared to January 2015, the number of new listings far outpaced the sales, causing inventory gains. January’s city wide months of supply levels rose above six months.

“Selection for buyers in all product types and price ranges has improved,” said CREB® president Cliff Stevenson. “More choice and low interest rates have encouraged some potential buyers to start window shopping. So far, this hasn’t translated into sales activity as many are waiting for steeper price declines from motivated sellers.”

The aggregate benchmark price of $447,300 in January was 1.21 per cent lower than the previous month and 3.27 per cent below the January 2015 price of $462,400.

“As expected, the imbalance between housing supply and demand is continuing to place downward pressure on prices,” said Lurie. “However, the recent price retraction has not erased all the gains recorded in recent years, as the benchmark price remains 4.41 per cent above the January 2014 price of $428,400.”

While all property types have recorded price contractions from recent highs, the largest price declines have occurred in the apartment sector as this segment has had elevated months of supply since the second quarter of 2015.

The apartment benchmark price totaled $281,900 in January, a year-over-year decrease of 6.35 per cent and 2.12 per cent lower than the previous month’s price. In fact, apartment sector prices have once again fallen below the 2007 monthly high of $301,500.

The detached segment of the market continues to show variations depending on price range. The under $500,000 segment remains relatively balanced. However, recent trends are pointing to weaker sales-to-new-listings ratios in the $500,000 to $600,000 range of the market.

“Calgary’s housing market continues to face a wide range of challenges,” said Stevenson. “Sellers are reflecting on their expectations and considering all options available to them, given the dynamics of their specific market. In this environment, buyers have the opportunity to carefully consider their housing needs and make a decision based on their lifestyle and future goals.”

Ever wonder if those new counter tops will really increase your resale value?

How to maximise the value of your property Ever wondered which home improvements would get you the best return on investment? Richard Sexton, of e.surv chartered surveyors, shares where to spend and where to save on home improvements

HOUSING MARKET CHARACTERIZED BY SLOW DEMAND
- A market update from CREB

Elevated supply levels placed downward pressure on prices in December

With the focus shifting toward the holiday season, December sales activity slowed to 878 units in the city, 18 per cent below last year at this time and well below the five and 10-year averages.

As a result, the unadjusted benchmark price dipped to $448,800, a 0.42 per cent decline over the previous month and 2.33 year over year.

CREB® chief economist Ann-Marie Lurie noted December followed a pattern established early on in 2015, which was characterized by slower housing demand.

“Economic uncertainty, followed by weak economic conditions and job losses, contributed to slowing housing demand throughout the year,” she said.

“That said, while aggregate prices trended down in 2015, it was not to the same extent as some had speculated. Supply levels were low moving into this cycle and thus provided some cushion to absorb the inventory gains.”

In December, monthly inventory levels declined, as expected, to 4,336 units. Yet they were still 28 per cent higher than the same time last year, and at the highest December level recorded since 2008.

Inventory levels were notably up in both the apartment and attached sectors, which neared the highest December total on record.

“December showed that buyers in this market are continuing to be much more cautious as the impact of further oil price declines weighs on their confidence,” said CREB® president Corinne Lyall.

“Some sellers, meanwhile, are concerned about what supply levels may look like next year and are not delaying their decisions.”

On an annual basis, sales activity declined by 24 per cent in the detached sector and 33 and 28 per cent in the apartment and attached segments, respectively.

While months of supply in 2015 trended higher in all sectors, the apartment was the only one to average above four for the entire year. As a result, the apartment sector was also the only one to record an annual decline in average benchmark price, by 0.82 per cent.

While December prices for both the detached and attached sectors were 1.91 and 1.29 per cent lower than levels recorded at the beginning of 2015, on an annual average basis, they remained 1.35 and 1.84 per cent above 2014 numbers. “Aggregate statistics often do not provide the full story as activity varies by product type, price ranges and location,” said Lyall.

“While prices have trended down this year citywide, there are some areas of the city where prices for detached homes have improved compared to the start of the year.”

SOLD!!! Another buyer got their keys today! Congratulations Karen! All the best with your future endeavors! It was a pleasure assisting you in your home sale and purchase! http://ow.ly/SDRLX

House For Sale: $469,800 at 70 ELGIN MEADOWS Road, Calgary, Alberta, T2Z... *OPEN HOUSE SUN Aug 30 2-4* Stylish Avi built show-home ready 2-storey located on a quiet street in the heart of McKenzie Townâs popular Elgin....

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