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We had an absolutely crazy month in March registering a whopping 28 sales, 9 of which sold at or above list price!  This has been the busiest sales month in quite a long time in the community and has pushed things even further into seller’s market territory.


The Days On Market (DOM) numbers tracked slightly higher than February but this was influenced largely by a handful of listing that lingered on the market for extended ‘triple-digit’ periods of time.  The DOM came in at 41.5 for the entire sales group, detached single family homes fared the best at 27.5 days followed by the rowhouse category at 46.0 days with apartments landing much higher at 121.3 days.


The inventory level actually decreased with just 23 currently active listings which based on the rolling 6-month sales average translates into just 1.7 Months Of Inventory (MOI) which is down notably from 2.3 months in February.  As mentioned above, the community is firmly entrenched in a strong seller’s market.


Looking at the overall Calgary market things are bustling to say the least with 2,903 completed sales marking the busiest March since 2007. Inventory levels pushed just above 5,400 total listings but the citywide MOI fell below 2 months marking the lowest months of supply since 2014 which has led to price gains in many categories.


As has been the case for the past few months, if you are currently searching for a home make sure you are working with a Realtor who can get your through properties as soon as they come on the market and prepare to encounter a competitive marketplace.  If you are thinking of selling, this is an excellent time to list your home and take advantage of the lower inventory and continued strong demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.myroyaloak.ca

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We had the busiest month in the last half year in the community with 12 completed sales, marking the first time we have registered double digits since last September.  The strong seller’s market has continued with 3 of the March transactions selling well above list price and 7 of the 12 firming up in less than 2 weeks.


The Days On Market (DOM) numbers were improved overall from February and came in at 41.8 for the entire sales group, detached single family homes fared the best at 25.5 days followed by the rowhouse category at 49.7 days with apartments landing slightly higher at 66.3 days.


The inventory level remained virtually flat with 22 currently active listings which based on the rolling 6-month sales average translates into 3 Month Of Inventory (MOI) keeping the conditions in favour of sellers.


Looking at the overall Calgary market things are bustling to say the least with 2,903 completed sales marking the busiest March since 2007. Inventory levels pushed just above 5,400 total listings but the citywide MOI fell below 2 months marking the lowest months of supply since 2014 which has led to price gains in many categories.


As has been the case for the past few months, if you are currently searching for a home make sure you are working with a Realtor who can get your through properties as soon as they come on the market and prepare to encounter a competitive marketplace.  If you are thinking of selling, this is an excellent time to list your home and take advantage of the lower inventory and continued strong demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.mydalhousie.ca

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We had an absolutely crazy month in March registering a whopping 23 sales, 10 of which sold at or above list price!  This has been the busiest sales month since last July and the second busiest month since the beginning of 2019.


The Days On Market (DOM) numbers tracked slightly higher than February but this was influenced largely by a couple of listings that took over 130 days to sell.  The DOM came in at 33.9 for the entire sales group up from an unsustainable 18.8 last month, detached single family homes fared the best at 29.7 and apartment condominiums came in higher at 62.3 days.


The inventory level stayed flat just 24 currently active listings which based on the rolling 6-month sales average translates into just 1.7 Months Of Inventory (MOI), the same number we saw in February. The demand continues to outweigh the supply in Lake Bonavista and the conditions remain firmly entrenched in a strong seller’s market.


Looking at the overall Calgary market things are bustling to say the least with 2,903 completed sales marking the busiest March since 2007. Inventory levels pushed just above 5,400 total listings but the citywide MOI fell below 2 months marking the lowest months of supply since 2014 which has led to price gains in many categories.


As has been the case for the past few months, if you are currently searching for a home make sure you are working with a Realtor who can get your through properties as soon as they come on the market and prepare to encounter a competitive marketplace.  If you are thinking of selling, this is an excellent time to list your home and take advantage of the lower inventory and continued strong demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.mylakebonavista.net

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The strong seller’s market conditions continued last month and despite the fact we saw only 6 sales in February, 3 of them sold above list price!  3 sales were detached single family homes, 2 were apartment condominiums and there was 1 row house transaction.


The Days On Market (DOM) numbers were once again positive as just 1 sale spent more than 100 days on the market; the average actual DOM for the detached category was just 23.3 days, apartment condominiums were 99.0 days and the lone row house took 38 days to sell.


The inventory level remains low with 21 currently active listings which based on the rolling 6-month sales average translates into 2.9 Month Of Inventory (MOI) and that once again remains entrenched in seller’s market territory.


Looking at the overall Calgary numbers it was more of the same as 1,836 sales were registered which was up a staggering 54.3% year over year, inventory was down 20.4% at 4,518 and the MOI for all categories was down 48.4% to 2.4 months.


Once again, if you are currently searching for a home make sure you are working with a Realtor who can get your through properties as soon as they come on the market and prepare to encounter a competitive marketplace.  If you are thinking of selling, this is an excellent time to list your home and take advantage of the lower inventory and continued strong demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.mydalhousie.ca

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The strong seller’s market conditions continued as we had 12 sales in the community in February, 5 of which sold at or above full list price!  7 sales were detached single family homes, 3 were row house/semi-detached properties and 2 sales were apartment condominiums.


The Days On Market (DOM) numbers were once again very positive as 8 of the 12 listings took less than 14 days to sell; the average actual DOM for the detached category was an incredibly low 8.7 days, the row house/semi-detached was 86.3 days and apartment condominiums came in at just 10.0 days.


The inventory level remains low with 25 currently active listings which based on the rolling 6-month sales average translates into 2.3 Month Of Inventory (MOI) and that once again remains firmly entrenched in seller’s market territory.


Looking at the overall Calgary numbers it was more of the same as 1,836 sales were registered which was up a staggering 54.3% year over year, inventory was down 20.4% at 4,518 and the MOI for all categories was down 48.4% to 2.4 months.


Once again, if you are currently searching for a home make sure you are working with a Realtor who can get your through properties as soon as they come on the market and prepare to encounter a competitive marketplace.  If you are thinking of selling, this is an excellent time to list your home and take advantage of the lower inventory and continued strong demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.myroyaloak.ca

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The strong seller’s market conditions continued as we had 11 sales in the community in February, 7 of which sold over list price!  10 sales were detached single family homes and the remaining transaction was an apartment condominium in the Gateway South Centre complex.


The Days On Market (DOM) numbers were once again very positive as only 3 of the 11 sales spent more than 14 days on the market; the average actual DOM for the detached category was just 18.6 days and the lone condo sale firmed up in only 21 days.


The inventory level remains low with 23 currently active listings which based on the rolling 6-month sales average translates into 1.7 Month Of Inventory (MOI) and that once again remains firmly entrenched in seller’s market territory.


Looking at the overall Calgary numbers it was more of the same as 1,836 sales were registered which was up a staggering 54.3% year over year, inventory was down 20.4% at 4,518 and the MOI for all categories was down 48.4% to 2.4 months.


Once again, if you are currently searching for a home make sure you are working with a Realtor who can get your through properties as soon as they come on the market and prepare to encounter a competitive marketplace.  If you are thinking of selling, this is an excellent time to list your home and take advantage of the lower inventory and continued strong demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.mylakebonavista.net

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The seller’s market conditions that have recently taken over the detached single-family category continued to gain momentum last month with 7 completed sales.


Detached homes accounted for the majority of the activity with 6 sales to go along with 1 row house condominium transaction, the exact same breakdown that we saw in December as well.  The ‘actual’ average Days On Market (DOM) numbers came in at 56.5 for SFH detached homes although this was skewed higher by one property that spent 182 days on the market, and the lone row house sale took 135 days to firm up.


There are currently only 22 active listings across all property groups in the community and the seller’s market conditions continue in Royal Oak with 2.6 months of available inventory.


Switching to the overall Calgary numbers, the story was much the same with 1,208 completed sales last month which once again marked an increase of just over 40% year over year.


If you are currently searching for a home make sure you are working with a Realtor who can get your through homes almost as soon as they come on the market and prepare to encounter a very competitive marketplace.  If you are thinking of selling in 2021 this is an excellent time to list your home and take advantage of the limited inventory and strong buyer demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.myroyaloak.ca

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The crazy seller’s market conditions that have recently taken over the detached single-family category continued to gain momentum across the city last month however the sales within the community remained very low and is due entirely to a lack of available inventory.


There were just 3 sales in Dalhousie last month, 1 detached home and 2 row house condominiums which was well below normal, there is still very strong buyer demand however the listings have just not materialized over the past few months.  The ‘actual’ average Days On Market (DOM) numbers came in at 67.0 for the lone detached sale and 22.5 for the 2 row houses transactions.


There are currently only 12 active listings across all property groups in the community which has pushed Dalhousie further into seller’s market conditions with just 1.5 months of available inventory.


Switching to the overall Calgary numbers, the story was much the same with 1,208 completed sales last month which once again marked an increase of just over 40% year over year.


If you are currently searching for a home make sure you are working with a Realtor who can get your through homes almost as soon as they come on the market and prepare to encounter a very competitive marketplace.  If you are thinking of selling in 2021 this is an excellent time to list your home and take advantage of the limited inventory and strong buyer demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.mydalhousie.ca

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The crazy seller’s market conditions that have recently taken over the detached single family category continued to gain momentum last month with 14 completed sales - double what we saw at the same time last year!


Detached homes accounted for the majority of the sales with 10 to go along with 4 apartment condominium transactions, the ‘actual’ average Days On Market (DOM) numbers came in at 65.2 for SFH detached homes and a much higher 108.5 for the apartment group.


There are currently only 20 active listings across all property groups in the community which has pushed Lake Bonavista further into seller’s market conditions with just 1.5 months of available inventory.


Switching to the overall Calgary numbers, the story was much the same with 1,208 completed sales last month which once again marked an increase of just over 40% year over year.


If you are currently searching for a home make sure you are working with a Realtor who can get your through homes almost as soon as they come on the market and prepare to encounter a very competitive marketplace.  If you are thinking of selling in 2021 this is an excellent time to list your home and take advantage of the limited inventory and strong buyer demand.


Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.


We look forward to hearing from you!


www.mylakebonavista.net

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The sales numbers were down slightly from the flurry of activity we saw leading into the end of the year but this was due in large part to a relative lack of available inventory rather than a slowdown in the market or a decrease in buyer demand.  This shortage of properties remains at the forefront of the discussion as there are currently just 23 active listings across all categories which has pushed Lake Bonavista further into seller’s market conditions with only 1.5 months of available inventory.


The affordable single family home category has been the hardest hit as far as shortages are concerned and Lake Bonavista is no exception with just 6 detached homes under $600,000 currently on the market. This has created some very tight and competitive conditions in this range as buyer demand remains very strong due to a number of factors, most notably the historically low sub 2% interest rates being offered right now.


The luxury market in the community also mimics the conditions we see in many other areas as there is greater supply and overall a lower level of buyer demand compared to the more affordable range.


Looking a bit closer at the community numbers we saw the ‘actual’ average Days On Market (DOM) increase dramatically however this was due mostly to one luxury home that spent over 600 days on the market.  The overall DOM increased from just 13.8 days to 104.4 days in December; the detached home category came in at 134.8 days while apartment condominiums took an average of 58.7 days to sell.


Switching to the overall Calgary market, the story was much the same with 1,199 completed sales last month which is an incredible 40.1% higher year over year and marks the busiest December since 2007.


Given the state of the market at the moment this is an excellent time to list your home, if you are thinking of selling in 2021 don’t hesitate to reach out to us for a free comprehensive market evaluation on your property.


We look forward to hearing from you!


www.mylakebonavista.net

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The sales numbers were down slightly from the flurry of activity we saw leading into the end of the year but this was primarily due to a distinct lack of available inventory rather than a slowdown in the market or a decrease in buyer demand.  This shortage of properties remains at the forefront of the discussion as there are currently just 14 active listings across all categories which has pushed Dalhousie even further into seller’s market conditions with just 1.7 months of available inventory.


The affordable single family home category has been the hardest hit as far as shortages are concerned and Dalhousie is no exception with just 2 detached homes under $550,000 currently on the market.  This has created some very tight and competitive conditions as buyer demand remains very strong due to a number of factors, most notably the historically low sub 2% interest rates being offered right now.


Looking a bit closer at the community numbers we saw the overall ‘actual’ average Days On Market (DOM) drop from 61 to 54 days, the DOM for detached homes was 64.3 days, the lone semi-detached duplex listing took 37 days to sell and the single apartment sale spent 40 days on the market.


Switching to the overall Calgary market the story was much the same with 1,199 completed sales last month which is an incredible 40.1% higher year over year and marks the busiest December since 2007.


Given the state of the market at the moment this is an excellent time to list your home, if you are thinking of selling in 2021 don’t hesitate to reach out to us for a free comprehensive market evaluation on your property.


We look forward to hearing from you!


www.mydalhousie.ca

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The sales numbers were down slightly from the flurry of activity we saw leading into the end of the year but this was due in large part to a relative lack of affordable available inventory rather than a slowdown in the market or a decrease in buyer demand.  This shortage of properties remains at the forefront of the discussion as there are currently just 23 active listings across all categories which means Royal Oak is still in a seller’s market with only 1.7 months of available inventory.


The affordable single family home category has been the hardest hit as far as shortages are concerned and Royal Oak is no exception with just 3 detached homes under $550,000 currently on the market. This has created some very tight and competitive conditions in this range as buyer demand remains very strong due to a number of factors, most notably the historically low sub 2% interest rates being offered right now.


The luxury market in the community also mimics the conditions we see in many other areas as there is greater supply and overall a lower level of buyer demand compared to the more affordable range.


Looking a bit closer at the community numbers we saw the overall ‘actual’ average Days On Market (DOM) drop significantly with no apartment condominium sales during the month, falling from 94.7 days to 38.7 days.  The totals for the individual properties ranged quite drastically from just 5 days on the low end to 113 days on the high end for the lone luxury row house listing.


Switching to the overall Calgary market, the story was much the same with 1,199 completed sales last month which is an incredible 40.1% higher year over year and marks the busiest December since 2007.


Given the state of the market at the moment this is an excellent time to list your home, if you are thinking of selling in 2021 don’t hesitate to reach out to us for a free comprehensive market evaluation on your property.


We look forward to hearing from you!


www.myroyaloak.ca

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November was another solid sales month in the community with 11 completed transactions which is just below the average monthly total over the past 6 months.  The biggest part of the story continues to be the level of inventory that keeps slipping and is currently sitting at 23 active listings across all categories and has pushed the community further into seller’s market territory with just under 1.8 months of available inventory.


A portion of this reduction is seasonal as traditionally many sellers take their properties off the market over the holidays and then re-list in January, however this year we have a higher number of withdrawals and terminations as well a number of potential sellers who have chosen not to enter the market at all given the pandemic and the current restrictions in place.  This has created some very tight conditions and represents a full 180-degree turnaround from what the market was doing during the first wave of COVID this past spring.


Looking a bit closer at the activity, the overall Days On Market (DOM) numbers took a drastic upswing from 35.2 days to 94.7 days largely due to the fact that we saw 2 long lingering listings that took 327 and 274 respectively, finally sell.  The DOM in the detached home category was 82.5 days, the lone row house took 94 days and the 2 apartment transactions sold in an average of 194 days and were on complete opposite ends of the spectrum with one sale taking 14 days and the other 274 days.


Switching to the overall Calgary market we saw stronger activity continue with 1,437 sales which was 25% higher year-over-year and again marked the highest level of November activity since the peak in 2014.  Many communities and categories are still experiencing inventory shortages and Royal Oak is no exception as mentioned above, these conditions have made this an excellent time to get your property and information organized for a post-holiday launch if you are looking to list and sell your home in early 2021.


We are still in the midst of the new COVID restrictions however showings are still taking place and instead of visiting with friends and family over the break, individuals looking for a new home appear to be spending far more time on their searches and viewing properties.


This entire year has been anything but normal and we are always here to provide you with the information you need, so please don’t hesitate to reach out to us with any real estate questions you may have.


We look forward to hearing from you.


www.myroyaloak.ca

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We had another solid month of sales in the community with 9 completed transactions, which continues a rather consistent streak of activity and marks the 4th time in the past 6 months that 9 sales have been registered.


The biggest difference this month is the level of inventory that continues to plummet and is currently sitting at 16 active listings across all categories which has pushed the community further into seller’s market territory with just under 2 months of available inventory.


A portion of this reduction is seasonal as traditionally many sellers take their properties off the market over the holidays and then re-list in January, however this year we have a higher number of withdrawals and terminations as well a number of potential sellers who have chosen not to enter the market at all given the pandemic and the current restrictions in place.  This has created some very tight conditions and represents a full 180-degree turnaround from what the market was doing during the first wave of COVID this past spring.


Looking closer at the activity, all of the sales were in the detached single family home category and we saw the actual average Days On Market (DOM) drop precipitously from 114.8 days to just 45.0 days due in large part to the fact that 5 of the 9 sales firmed up in 17 days or less.


Switching to the overall Calgary market we saw stronger activity continue with 1,437 sales which was 25% higher year-over-year and again marked the highest level of November activity since the peak in 2014.  Many communities and categories are still experiencing inventory shortages and Lakeview is no exception as mentioned above, these conditions have made this an excellent time to get your property and information organized for a post-holiday launch if you are looking to list and sell your home in early 2021.


We are still in the midst of the new COVID restrictions however showings are still taking place and instead of visiting with friends and family over the break, individuals looking for a new home appear to be spending far more time on their searches and viewing properties.


This entire year has been anything but normal and we are always here to provide you with the information you need, so please don’t hesitate to reach out to us with any real estate questions you may have.


We look forward to hearing from you.


www.mylakeview.net

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We saw the sales activity drop dramatically in Lake Bonavista last month as there were just 5 completed transactions falling well short of the 6-month rolling average of 18.3 sales heading into the month.


Despite the limited activity, the level of inventory is still the biggest part of the story in the community with 31 properties currently listed across all categories, that works out to just 1.8 month of available inventory and marks the continuation of the seller’s market conditions that have been in play over the past few months.


A portion of this reduction is seasonal as traditionally a good number of sellers take their properties off the market over the holidays and then re-list in January, however this year we have a higher number of withdrawals and terminations as well as many sellers who have chosen not to enter the market at all given the pandemic and the current restrictions in place.  This has created some very tight conditions and represents a full 180-degree turnaround from what the market was doing during the first wave of COVID this past spring.


Looking a bit closer at the numbers we saw the actual average Days On Market (DOM) drop substantially from 31.7 days to 13.8 days however much of this can be attributed to the fluctuation we tend to see when dealing with such a small group of sales.  The DOM for detached homes was just 6 days as both homes sold immediately and the apartment category was higher but still very healthy coming in at 19 days.


Switching to the overall Calgary market we saw stronger activity continue with 1,437 completed transactions which was 25% higher year-over-year and again marked the highest November sales total since the peak in 2014.  Many communities and categories are still experiencing inventory shortages and Lake Bonavista is no exception as mentioned above, these conditions have made this an excellent time to get your property and information organized for a post-holiday launch if you are looking to list and sell your home in early 2021.


We are still in the midst of the new COVID restrictions however showings are still taking place and instead of visiting with friends and family over the break, individuals looking for a new home appear to be spending far more time on their searches and viewing properties.


This entire year has been anything but normal and we are always here to provide you with the information you need, so please don’t hesitate to reach out to us with any real estate questions you may have.


We look forward to hearing from you.


www.mylakebonavista.net

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The stronger than normal activity continued last month with 9 sales in the community, matching the total from October.  Once again, the biggest part of the story is the level of inventory that continues to plummet and is currently sitting at 17 active listings across all categories which has pushed Dalhousie into full seller’s market conditions with just 1.8 months of available inventory.


A portion of this reduction is seasonal as traditionally a good number of sellers take their properties off the market over the holidays and then re-list in January, however this year we have a higher number of withdrawals and terminations as well as many sellers who have chosen not to enter the market at all given the pandemic and the current restrictions in place.  This has created some very tight conditions and represents a full 180-degree turnaround from what the market was doing during the first wave of COVID this past spring.


Looking a bit closer at the numbers we saw the actual average Days On Market (DOM) increase to 61.1 due in large part to a couple of properties that took over 125 days to sell.  The DOM for detached homes was 67.7 days, semi-detached duplexes were higher at 98.5 days, the lone row house sale took 96.0 days and the apartment category was the lowest of the group at just 18 days with 2 of the 3 sales selling in just 7 days.


Switching to the overall Calgary market we saw stronger activity continue with 1,437 completed transactions which was 25% higher year-over-year and again marked the highest November sales total since the peak in 2014.  Many communities and categories are still experiencing inventory shortages and Dalhousie is no exception as mentioned above, these conditions have made this an excellent time to get your property and information organized for a post-holiday launch if you are looking to list and sell your home in early 2021.


We are still in the midst of the new COVID restrictions however showings are still taking place and instead of visiting with friends and family over the break, individuals looking for a new home appear to be spending far more time on their searches and viewing properties.


This entire year has been anything but normal and we are always here to provide you with the information you need, so please don’t hesitate to reach out to us with any real estate questions you may have.


We look forward to hearing from you.


www.mydalhousie.ca

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We had yet another busy month in October with 21 sales, marking the fourth time in the past 6 months with 20 or more completed transactions.  This past month’s total is also a dramatic 83% improvement over the 12 sales in Lake Bonavista in October 2019.


The relatively low number of active listings in the community continues to be the big headline here as there is currently less than 2 months of available inventory on the market which puts things firmly into seller’s market territory.


The overall actual Days On Market (DOM) numbers dropped from 51.4 days to 31.7 days, of note we did exclude one listing from the statistical summary that spent just under a full year on the market as it skewed the numbers higher and is not indicative of the current market conditions.  The DOM for detached single family homes was 29.8 days while the DOM for the apartment condominium category came in at 42.0 days, it is again worth noting that 8 of the 21 sales were completed in 16 days or less.


The current number of active listings remained static at 36 which is still relatively low for the community, this is in step with seasonal trends as we enter the colder months however it has been further dampened by the rise in COVID cases as some sellers are simply not comfortable having their homes on the market at this time.  The current Months Of Inventory (MOI) continues to fall further into a seller’s market, coming in at just 1.9 months based on the rolling sales average from the past half year.


Switching to the overall Calgary statistics we saw a continuation of the recent trend from the past few months with very healthy numbers as there were 1,764 sales which was 23% higher year-over-year and marked the strongest October total since the peak of the market back in 2014.  Many communities in Calgary are experiencing relative inventory shortages right now and Lake Bonavista is no exception with just under 2 months of available inventory as noted, there is still healthy buyer demand out there so if you are looking to sell your property now may be a good time to consider it.


The recent drastic rise in COVID cases in the city and the province has definitely affected the real estate market but not in the same way we saw things play out this spring when everything was shut down as we continue to see higher than normal showing activity and the increased sales numbers to go along with it.


As always, we’re here as a trusted professional resource and are more than happy to assist you with your real estate needs whether you are selling or buying and to answer any questions you may have, so please don’t hesitate to reach out to us.


We look forward to hearing from you soon.


www.mylakebonavista.net

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October marked another strong month of sales in the community with 9 completed transactions, once again matching the September and June numbers as the highest monthly totals to-date in 2020 and 1 higher than the 8 sales registered last October.


The activity was again concentrated in the detached single-family home category as it usually is in the community with 8 sales and the other transaction was a row house condominium in Lakeview Green I.  The overall actual Days On Market (DOM) numbers increased again to a lofty 114.8 days for the month which was skewed higher by 4 sold  listings that spent over 140 days on the market; the DOM for detached single-family homes was 121.4 days while the DOM for the lone row house sale was 62.0 days.


The number of active listings remained static at 28, this is in step with seasonal trends as we enter the colder months however it has been further dampened by the rise in COVID cases as some sellers are simply not comfortable having their homes on the market at this time.  The Months Of Inventory (MOI) did improve slightly from 4.4 months to 3.8 months currently based on the rolling sales average from the past half year.


Switching to the overall Calgary statistics we saw a continuation of the recent trend from the past few months with very healthy numbers as there were 1,764 sales which was 23% higher year-over-year and marked the strongest October total since the peak of the market back in 2014.  Many communities in Calgary are experiencing relative inventory shortages right now however Lakeview is not among them as the conditions are rather balanced if not just slightly favouring buyers considering the amount of available inventory currently listed.


The recent drastic rise in COVID cases in the city and the province has definitely affected the real estate market but not in the same way we saw things play out this spring when everything was shut down as we continue to see higher than normal showing activity and the increased sales numbers to go along with it.


As always, we’re here as a trusted professional resource and are more than happy to assist you with your real estate needs whether you are selling or buying and to answer any questions you may have, so please don’t hesitate to reach out to us.


We look forward to hearing from you soon.


www.mylakeview.net

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We had another solid month of sales in October with 15 completed transactions which is 15% higher than what we saw last year over the same period and almost exactly in line with the average monthly community sales totals since early summer.  The relatively low level of active listings in Royal Oak is the real story over the past few months and it has continued that way as there is currently less than 2 months of available inventory on the market which puts things firmly into seller’s market territory.


The breakdown of sales last month was 9 detached single family homes matching September’s total, 2 condominium row houses and 4 condominium apartments all in the Red Haus complex.  The overall Days On Market (DOM) numbers remain healthy compared to the overall city averages coming in at 35.3 days, the DOM for detached sales was 28.4 days, row houses came in at 35.5 days and the apartment category was the highest of the group at 50.8 days.


The number of active listings is relatively low as indicated with 28 properties currently on the market, this is in step with seasonal trends as we enter the colder months however it has been further dampened by the rise in COVID cases as some sellers are simply not comfortable having their homes on the market at this time.  The current Months Of Inventory (MOI) continues to fall further into a seller’s market coming in at just 1.9 months based on the rolling sales average from the past half year.


Switching to the overall Calgary statistics we saw a continuation of the recent trend from the past few months with very healthy numbers as there were 1,764 sales which was 23% higher year-over-year and marked the strongest October total since the peak of the market back in 2014.  Many communities in Calgary are experiencing relative inventory shortages right now and Royal Oak is no exception with just 1.9 months of available inventory as noted, there is still healthy buyer demand out there so if you are looking to sell your property now may be a good time to consider it.


The recent drastic rise in COVID cases in the city and the province has definitely affected the real estate market but not in the same way we saw things play out this spring when everything was shut down as we continue to see higher than normal showing activity and the increased sales numbers to go along with it.


As always, we’re here as a trusted professional resource and are more than happy to assist you with your real estate needs whether you are selling or buying and to answer any questions you may have, so please don’t hesitate to reach out to us.


We look forward to hearing from you soon.


www.myroyaloak.ca

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October was another relatively steady month in the community with 9 total sales, the interesting part of the equation was the property breakdown as we saw just 1 detached single-family home transaction, which is quite low.  The lack of activity in the SFH category is due in large part to a notable lack of inventory as there are currently only 4 detached homes for sale in the entire community.  The remainder of the October sales were comprised of 3 semi-detached duplex properties, 4 condominium apartments and condominium 1 row house.


The overall Days On Market (DOM) numbers dropped again falling from 58.5 days in September to 49.7 last month, the DOM for the lone detached sale was 22.0 days, the semi-detached duplex category was 54.0 days, rowhouses came in at 75.0 days and the apartment category was again the highest of the group at 62.7 days.


The current number of active listings remained relatively static increasing from 22 to 23 which is still quite low, this is in step with seasonal trends as we enter the colder months however it has been further dampened by the rise in COVID cases as some sellers are simply not comfortable having their homes on the market at this time.  The Months Of Inventory (MOI) continued to fall further into seller’s market territory dropping from 2.8 months to 2.6 months currently based on the rolling sales average from the past half year.


Switching to the overall Calgary statistics we saw a continuation of the recent trend from the past few months with very healthy numbers as there were 1,764 sales which was 23% higher year-over-year and marked the strongest October total since the peak of the market back in 2014.  Many communities in Calgary are experiencing inventory shortages in the detached category right now and Dalhousie is no exception with just 4 active listings as noted, there is still strong buyer demand out there so if you are looking to list your single family home now would be a good time to consider it.


The recent drastic rise in COVID cases in the city and the province has definitely affected the real estate market but not in the same way we saw things play out this spring when everything was shut down as we continue to see higher than normal showing activity and the increased sales numbers to go along with it.


As always, we’re here as a trusted professional resource and are more than happy to assist you with your real estate needs whether you are selling or buying and to answer any questions you may have, so please don’t hesitate to reach out to us.


We look forward to hearing from you soon.


www.mydalhousie.ca

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