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We had another strong month for sales in the community with 14 completed transactions which is also the most sales in a calendar month in the past half year…promising news overall.  The inventory continues to creep up but only slightly with 65 current listings compared to 59 last month which works out to 6.29 months of available inventory, a number that still leaves us in buyer’s market territory despite the increase in sales.


We made one deletion when calculating the Days on Market (DOM) numbers for the sold properties by removing one apartment sale that spent a whopping 417 days on the MLS as it drastically skewed the apartment DOM from the 50.33 posted to 142 days, which is not indicative of the current market conditions.  The overall DOM numbers dropped slightly with the high listing removed coming in at 38.46 days compared to 45.89 in March.


When looking at Calgary as a whole we continue to see positive signs with higher year over year sales numbers accompanied by lower new listing numbers, a trend that we hope continues as we work towards more balanced market conditions.


While we are on the road to stabilization, sellers must continue to be extremely competitive and very realistic with both list prices and expected final sale prices and on the buyer side of the ledger excellent value opportunities still exist.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.ca

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We have seen some improvement in the Dalhousie real estate market compared to February with 6 completed sales this past month, the uptick was expected and with the arrival of warm weather we expect to see the trend continue.


The days on market numbers are again quite interesting as we had 3 very quick sales that were completed in less than 21 days while the other 3 sales averaged 164 days on the market so both ends of the spectrum were represented in March.  4 of the sales were detached single family homes and the other 2 were duplex properties; we had no row house or apartment sales during the month.


The inventory also rose and is currently sitting at 42 properties right now…again this is to be expected as the spring market officially begins which generally marks the beginning of our highest inventory period of the calendar year.  Based on the rolling sales average from the past 6 months this works out to 6.15 months of available inventory which is still high.


On a positive note, the market has shown some signs of stabilization across Calgary as the year over year new listing numbers have dropped across the board and over the past few weeks we have also seen stronger sales numbers in some categories as well, again hopefully a scenario that continues and puts things back on the road to a balanced market.


As was the case in our last update, Dalhousie sellers still need to be extremely competitive and bluntly realistic with both list prices and expected final sale prices and on the buyer side of the scale, opportunities continue to present themselves while we are at a low point in the market.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Dalhousie please click on the link below.


www.mydalhousie.ca

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The fairly strong start to the 2019 real estate market in Lake Bonavista continued in March with some fairly solid numbers once again…nothing off the charts but holding their own as we wade through this market.


The overall Days on Market (DOM) numbers were rather interesting once again as we saw 7 of the 9 completed sales come in under the 30 day mark with 3 actually selling in less than 14 days and on the other end of the spectrum we saw the DOM numbers skewed higher by the 2 remaining sales that took 120 and 174 days respectively.


The inventory in the community has increased since last month with 57 current listings, which is to be expected as we are now into the spring market and that generally marks the beginning of our highest inventory period of the calendar year.  Based on the rolling sales average there is currently 6 months of available inventory which is still high.


On a positive note, the market has shown some signs of stabilization across Calgary as the year over year new listing numbers have dropped across the board and over the past few weeks we have also seen stronger sales numbers in some categories as well, again hopefully a scenario that continues and puts things back on the road to a balanced market.


As was the case in our last update, Lake Bonavista sellers still need to be extremely competitive and bluntly realistic with both list prices and expected final sale prices and on the buyer side of the scale, opportunities continue to present themselves while we are at a low point in the market.


Let us know if you are thinking of making a move or if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation.


For a closer look at all of the active inventory in Lake Bonavista please click on the link below.


www.mylakebonavista.ca

Read full post
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