Elena Stepanenko - Your Realtor For Life

Happy Thanksgiving, everyone! 🍂

As we take a moment to reflect on what we’re grateful for, I want to thank each and every one of you. Whether you’re a client, a friend, or simply part of this wonderful community, your trust and support mean the world to me. It’s been a true pleasure helping you find the perfect place to call home, and I’m incredibly thankful for the opportunity to be part of that journey.

Wishing you and your loved ones a warm and joyful Thanksgiving filled with love, laughter, and countless blessings. 🏡✨ Happy Thanksgiving!

2023 was a Great Year , Thank you to All my Dear Clients !!!

March reflects a strong seller's market and price increases

March sales rose to 2,664 units, a 10 percent year-over-year gain and much higher than long-term trends. While new listings did pick up over last month, the 3,172 units were still below what we typically see in March and not enough relative to sales to drive any change in the supply situation. In March, the sales-to-new listings ratio rose to 84 percent, and the months of supply fell below one month.

Happy Easter , dear Friends !

Low inventory and high demand drive price gains in February

New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 percent compared to last year for a total of 2,135 units. The shift in sales and new listings kept the sales-to-new listings ratio exceptionally high at 79 percent, ensuring inventories remained near historic lows. Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spring of last year.

Purchasers are acting quickly when new supply comes onto the market, preventing inventory growth in the market," said Ann-Marie Lurie, Chief Economist at CREB®. “It is this strong demand and low supply that continues to drive price gains in Calgary. The biggest supply challenge is for homes priced under $500,000, which saw inventories fall by 31 percent compared to last February. At the same time, we are starting to see supply levels rise for higher-priced homes supporting more balanced conditions in the upper end.

In February, the unadjusted benchmark price was $585,000, an over two percent gain compared to last month and over 10 percent higher than levels reported at this time last year. Our most affordable East district is experiencing the highest year-over-year price growth at 25 percent, while the relatively better-supplied City Centre has reported the slowest price growth in the city at under five percent.