The numbers are in for January and despite a stronger start to the year across the City as a whole we saw a decreased number of sales in Lake Bonavista compared to the same time last year.
There were 7 completed transactions in January, 6 detached homes and 1 apartment condominium which is down roughly 40% from the 12 sales in January of 2019, this is due largely to the fact that the majority of the sales activity in Calgary is occurring under the $500K mark. This is further illustrated by the lowest sale this past month which was a detached home listed at $475K that sold well over list price.
The Days on Market (DOM) for the entire group are a bit all over the map once again as they are skewed upward by the two higher priced detached home sales that took 299 and 216 days respectively to sell. With these comparables removed from the mix the DOM is a much lower 13.8 days which is on the other end of the spectrum and not necessarily market indicative with 46 properties currently active; 29 detached homes and 17 apartment condominiums.
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 Lake Bonavista please click on the link below.