05/02/2024
๐ก Calgary Real Estate Market Update: April 2024 ๐
Calgary, spring has sprung and our real estate market is buzzing! ๐ผ This April, we've witnessed a spectacular 7% jump in sales from last year, with a whopping 2,881 homes finding new ownersโ37% above our typical April stats! ๐
๐ Highlights:
โข Townhouses and condos are the hottest picks this season, flying off the market!
โข New listings are up by 11%, bringing 3,491 new homes into the mix.
However, inventory remains tight, especially for budget-friendly homes, with a 16% drop from last year.
๐ฒ Market Trends:
โข Overall, home prices are surging with the benchmark price hitting $603,700โa nearly 10% increase!
โข Notable spikes in affordable areas, where prices are skyrocketing.
๐ Quick Stats:
โข Detached Homes: Minor sales increase but a major jump in price to $749,000!
โข Semi-Detached: 18% surge in sales, prices now at $668,400.
โข Townhouses: Strong demand with a 19% sales increase and a 20% price hike to $458,100.
โข Condos: Red hot with a 24% sales bump, prices at $346,200.
๐ With Calgary firmly remaining a sellerโs market, fast sales and rising prices are the new norm.
๐๏ธ Thinking of buying or selling? Weโre here to navigate this dynamic market with you. Hit like and follow for more monthly insights and dive deeper into Calgaryโs real estate market with us next time!