Calgary's Resale Condominium Market Shows Signs of Life
With less selection in the single family market, particularly at the lower price ranges, more consumers are turning to the condominium market. Throughout the downturn there were more single family homes priced under $400,000. However over the past few years the number of new single family listings in this range represent a declining share of the market, leaving consumers looking for more affordable products in the condominium market.
The detached benchmark price for February is $442,500 an increase of 9.31% year-over-year. The apartment benchmark price is $252,900 an increase of 5.95% and the attached benchmark price is $283,000 an increase of 4.62%. Overall sales for the month totaled 1,711 units, compared with 1,732 during the same period last year.
Call Jeff Campbell 403-275-3331