April was almost a carbon copy of March as we had 6 completed sales in the community once again, the days on market numbers improved dramatically as 4 of the 6 sales finalized in 22 days or less with the longest days on market coming in at a respectable 52 days. 4 of the sales were detached single family homes once again to go along with 1 row house sale (5400 Dalhousie) and 1 apartment sale (Vista View); we had no semi-detached/duplex sales during the month.
The active inventory level also increased slightly from 42 to 51 properties as we continue to see the spring market build…hopefully to be accompanied by some healthier sales numbers in the months to come. Based on the rolling average from the past 6 months, which now sees the high October sales numbers drop out of the range, there is currently 9.86 months of inventory on the market which is still very much slanted in the buyers’ favour.
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 Dalhousie please click on the link below.