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!