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!