The final sales numbers are in for January and echoing what has been a strong start to the year for sales across Calgary, we saw an increase in the number of completed transactions in the community as well versus to the same time last year.
There were 8 sales this January comprised of 4 detached single family homes, 3 row house condominiums and 1 apartment condominium compared to 6 sales in January of 2019. The vast majority of the activity across the city has been under the $500k range and the same has held true in Dalhousie with 6 of the 8 sales below the half million-dollar mark.
An increase in sales is certainly positive however the real story lies in the inventory as there are currently just 17 active listings in the community (only 5 detached single family homes) which works out to a very low 1.9 months of inventory based on the 6-month rolling average. We expect the inventory to increase as we get closer to spring but we also expect to see a healthier resale market moving forward.
The overall Days On Market (DOM) number was rather inflated last month but it was again skewed higher by the lone apartment sale that spent 309 days on the market.
Looking ahead we anticipate the sales numbers will increase as they generally do with the arrival of warmer weather…so anywhere between now and May!
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, 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.