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The latest and greatest real estate news from Tania & Tina.
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Welcome to your August 2014 Update!

From Tina & Tania...

So August has snuck up on us already...I like to think of it NOT that summer is half over, but that the rainy bit and the windy and cloudy bits are over, and now it's sunny hot days ahead!  :)  My own personal goal this summer is to try Stand Up Paddle boarding...any recommendations on rentals/how to's/where to's?? (oh and also, I bought an amazing lawn/camping chair at www.strongbackchair.com.  Pricy but SOOO comfy!!)

Market Stuff:  The market continues to ever so slightly slow down, but keep in mind that 'slow down' and 'still crazy competitive out there' basically mean the same thing.  That being said - there are not AS many multiple offers on places, and our buyers are indeed finding places to buy!

Calgary Stuff:  August Events around Calgary: (click for more info)  What is summer without events galore?  Get out and enjoy!

Have a lovely August! 
MARKET MOVES TOWARDS BALANCED CONDITIONS
by CREBNOW on AUG 1, 2014

Growth in new listings outpace sales growth in July, supporting double-digit inventory gains. Residential sales in Calgary this month totaled 2,336 units, a record level for July activity, according to CREB®’s latest stats. However, year-over-year sales growth in the city slowed to 3.18 per cent.

“While July’s sales growth seems like a dramatic departure from the double -digit gains recorded in the first half of this year, it is in comparison to exceptionally strong sales during the same period last year,” said CREB® Chief Economist Ann-Marie Lurie, noting July sales this year are nearly 19 per cent above long-term averages for the month.

New listings in July totaled 3,219 units, an 18 per cent increase over the previous year. The rise outpaced sales growth during the month, pushing inventory to 4,659 units, nearly 14 per cent higher than July 2013 levels.

“More selection is welcome news for many potential purchasers. However, improving supply levels have only come after nearly three consecutive years of declines,” said CREB® President Bill Kirk. “Along with improving inventories, other indicators support the notion that market conditions are moving toward more sustainable levels.”

Single-family unadjusted benchmark prices totaled $511,600 in July, just above May figures, but 10.8 per cent higher than $461,600 in July 2013.

Keep Your Home Cool for Less 

With temperatures in the 30’s recently most of us have been trying to keep cool but it can come at the cost of higher energy bills. Here are a few ways to cut those costs.

1. Buy a Programmable Thermostat
Setting your thermostat so that your air conditioning is on only when your home is much cheaper than letting it run all day when no one is home to enjoy it.  Tania has the 'Nest' and she loves it!  It looks cool too.  ;)

2. Keep Your Curtains Closed
If you get direct sunlight on any of your windows your house is going to roast if you keep your curtains open. Some curtains and blinds are even designed to block the sunlight that heats your home.

3. Use Your Ceiling Fan Properly
Most people use ceiling fans to keep cool, however they won’t actually lower the temperature of your home. Fans are designed to circulate air and cool the room with a breeze. Again, turn off your fans when you’re not home.

4. Use your Ventilation Fan switch...
Often referred to as the 'regular person's air conditioning', I use this method DAILY in the summer (well, nightly technically).  In the evening around 9pm when it cools off outside, I turn on the main ventilation switch and leave it running all night so that it circulates the cooler outside air into my house.  In the morning I turn it off.  It certainly doesn't act as efficiently as real air conditioning, but it works pretty well.  :)

What is YOUR home worth?

Contact us for a Market Evaluation!  Our goal is to meet all of your real estate needs - we look forward to hearing from you and we are happy to answer ANY questions you may have!  

E: rescalgary@gmail.com  
www.TaniaKing.com
Tania:  403-813-4448
Tina:  403-891-9142

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CIR REALTY
#144, 1935 32 Avenue N.E.
Calgary, AB, T2E 7C8

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