A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

 

I was reading an online report this week and was stumped by one of the quoted figures in the report published... The quoted condo sales figure for Calgary looked like half of what it has been for all the time that I have been in the real estate business at about 30 per cent of total sales.


So, I calculated the actual statistics from January 1 to October 30th of this year.


Total Recorded Sales: 23,806


Total Condominium Sales: 6,941 = 29.2%


Condominium Sales breakdown:

Apartments: 3,501

Detached homes: 61

Row/Town homes: 3,115

Semi-detached: 264


[source: CREB/Pillar-9]


As almost everyone realizes that this year has been anything but usual for real estate in Calgary. The share of condo sales at 29 per cent is particularly low, and I expect that number to return to at least a third of the market share in this coming year.

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Another set of happy clients took possession of their new home today!
 
I am so happy to have helped them and having assisted a brand new agent learn the ropes in the real estate purchase transaction (condo are especially tough). While mentoring isn't a requirement in real estate, it is a pleasure to have been doing so for over 15 years.

I'd be happy to help you purchase a home, too. Just reach out and ask! You'll get FULL representation and advocacy and I'm proud to have always been able to have the seller fully pay the buyer representation fees: EVERY - SINGLE - TIME.
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We have listed a new property at 2528 20 STREET SW in Calgary.
FALL IN LOVE with this stunning one-owner home! A 5-bedroom, 3 ½ bathroom home situated on an extra deep lot, offering almost 2,800 sq. ft. of living space, and located in the heart of the highly sought-after inner city neighbourhood of Richmond. A custom-built, semi-detached home by "Homes by Novare" and constructed in conjunction with "Stephens Fine Homes" in 2012. This executive home exudes style, quality + warmth throughout along with a functional open layout, loads of light, all flat finished ceilings, custom Hunter-Douglas blinds, stunning light fixtures, and neutral décor throughout. Lovely curb appeal with enhanced landscaping that add to the appeal of this modern home. The finishings are luxurious and include a glamorous kitchen with a huge quartz island, thoughtfully upgraded cabinetry, gas stove, wide plank hardwood flooring, large dining area, walk-in pantry, and a privacy wall with a gorgeous gas...
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City of Calgary, Oct. 1, 2021 – Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month.


“While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers who were unable to transact earlier in the year when supply levels had not yet adjusted to demand,” said CREB® chief economist Ann-Marie Lurie. “The market continues to favour the seller, but conditions are not as tight as they were earlier this year.”


Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply. At the same time, the apartment condominium sector is not facing...

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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