In the heart of Calgary's southeast lies Acadia, a neighborhood that tells a fascinating story of home value evolution over the past three decades. A recent analysis of home sales data from 1990 to 2023 reveals not just rising prices, but an increasingly dramatic spread between the highest and lowest-valued properties in this established community.

The Early Years: 1990-2000

Looking back to the early 1990s, Acadia's housing market showed remarkable consistency. Most bungalows – the signature home style of this neighborhood – sold within a relatively narrow price band of $100,000 to $150,000. This uniformity made sense; the homes were still relatively new, built in the 1960s, and most maintained their original features and layouts.

The Transformation Begins: 2000-2010

As we moved into the new millennium, something interesting began to happen. The data shows a steady increase in average prices, but more notably, we begin to see the first signs of price divergence. Some homes were still selling in the $200,000 range, while others began pushing toward $300,000. This period marked the beginning of the renovation era in Acadia.

The Modern Era: 2010-2023

The most dramatic story emerges in the past decade. The scatter plot reveals an increasingly wide spread between sale prices, with some homes now selling for over $800,000 while others remain in the $400,000 range. This growing gap tells a tale of two Acadias:

1. The Original Classics: Some homes maintain their original character, with perhaps modest updates to essential systems and finishes. These properties typically occupy the lower portion of the price range.

2. The Transformed Treasures: At the upper end, we find extensively renovated or completely rebuilt homes. These properties often feature:

   • Modern open-concept layouts

   • High-end finishes

   • Added square footage through developed basements

   • Luxury updates to kitchens and bathrooms

   • Enhanced energy efficiency

Why This Matters

This growing value spread is more than just numbers on a chart – it represents the natural evolution of an established neighborhood. As homes age, they reach critical decision points where owners must choose between basic maintenance and transformative renovation. These individual choices, multiplied across hundreds of properties, create the dramatic variance we see in today's market.

Looking Forward

The trend suggests this value gap will likely continue to widen. As more homeowners invest in significant upgrades, while others maintain their properties' original character, Acadia will likely become even more diverse in its housing stock and price points. This diversity can be seen as a strength, offering options for various budgets while maintaining the community's fundamental appeal.

For potential buyers and investors, this pattern presents both opportunities and considerations. The wide price range means there's something for everyone – from first-time buyers looking for an original bungalow to luxury home seekers interested in fully modernized properties.

Whether you're looking at Acadia for its investment potential or as your future home, understanding this price divergence helps paint a clearer picture of what drives value in this evolving community. The original Acadia bungalow may be turning 60, but its story – and its potential – continues to evolve.

Acadia Homes For Sale Today

The Calgary real estate market continues to provide opportunities for both buyers and sellers. In this October 2024 update, we take a deep dive into the latest statistics for active listings and recent sales across various property types and price ranges. Whether you're a homebuyer or an investor, these insights will help you make informed decisions in today’s market.

Current Active Listings in Calgary – October 16, 2024

As of today, there are a total of 4,430 active listings in Calgary, broken down into four primary categories:

• Houses: 1,964 active listings

• Townhouses: 660 active listings

• Condos/Apartments: 1,481 active listings

• Half Duplexes: 325 active listings

Key Observations:

• The $300K-$400K price range has the highest number of active condo/apartment listings with 612 properties.

• Single-family homes in the $500K-$600K range have 221 active listings, making it a competitive range for buyers.

• If you’re in the market for a half duplex, there are 54 listings in the $500K-$600K range, offering a solid selection.

Calgary Home Sales in the Last 30 Days

In the last 30 days, a total of 2,090 properties were sold in Calgary, including houses, townhouses, condos, and half duplexes.

• Houses: 1,017 sold

• Townhouses: 372 sold

• Condos/Apartments: 510 sold

• Half Duplexes: 191 sold

Noteworthy Trends:

• Houses in the $600K-$700K price range saw the most activity with 276 homes sold.

• Townhouses in the $400K-$500K price range were also in demand, with 141 sales.

• Condos/Apartments in the $300K-$400K range are still popular among buyers, with 206 units sold.

Months of Supply: What It Means for Buyers and Sellers

The months of supply metric is crucial for understanding the current state of the market. It represents how long it would take to sell all the active listings at the current sales pace, providing insights into whether it's a buyer's market or a seller's market.

• Houses: 1.93 months of supply – A balanced but slightly seller-favorable market.

• Townhouses: 1.77 months of supply – Strong competition for buyers.

• Condos/Apartments: 2.90 months of supply – A clear buyer’s market with a wide selection of listings.

• Half Duplexes: 1.70 months of supply – A stable market with healthy activity.

What This Means for You

With overall months of supply at 2.12, Calgary is still in a seller’s market, particularly for single-family homes and townhouses. However, if you're a condo buyer, now might be the perfect time to explore the options, as there are plenty of active listings and more leverage in negotiations.

For Sellers:

If you're considering selling your home, now is a great time to enter the market, especially if you own a house or townhouse. With inventory remaining tight in certain price ranges, you can position your property to attract motivated buyers.

For Buyers:

For buyers, particularly those looking for condos or apartments, the market is offering more choices and less competition. If you’re aiming to purchase a home or investment property, consider acting sooner rather than later before the inventory shifts again.

Acting on Calgary’s Real Estate Trends

The Calgary real estate market is always evolving, and understanding current trends can help you make the best decisions, whether you're buying or selling. With 2.12 months of supply, opportunities still exist, and the market dynamics vary across property types.

If you’re ready to buy or sell in Calgary or just want more personalized advice, feel free to contact me. Let’s make your real estate journey a success!

Contact Jerry Charlton Today!

📞 Call: 403-831-0842

💻 Visit: https://JerryCharlton.com

The Calgary residential rental market has taken a sudden, dramatic turn recently, leaving many landlords in a precarious position. In their rush to capitalize on the housing crunch, rental property owners flooded the market with new listings in new buildings, pushing supply to unprecedented levels. What was once a market favoring landlords has now swung in favor of tenants — and the consequences are clear for everyone to see.

A Market Overflowing with Supply

A quick look at any Calgary rental website shows the current reality: incentives that haven’t been seen in years are back, as landlords scramble to fill vacant units. These incentives are a clear sign of desperation, with property owners eager to start generating cash flow on properties they may have over-leveraged. Many of these newly built rental units were financed based on overly optimistic projections of rent and demand, driven by rapid construction and incorrect market analysis. Lenders were eager to fund these projects, seeing a thriving rental market ahead. But now, those rosy predictions have hit a wall.

Consequences for Landlords

For larger, experienced companies, these shifts might be just a bump in the road. They have the resources to ride out this unexpected dip in cash flow. But for smaller landlords and new property investors, the consequences could be severe. Some of these owners may face receivership. Others might try to convert their units to condos in an attempt to cut their losses. It’s likely rents will continue to fall, and for tenants, that’s good news — rental prices are finally coming down.

Lessons from Past Cycles

How can I be so sure about where this market is heading? It’s because I’ve seen this before. We’ve all seen it before. This is a classic cycle that repeats itself not only in real estate but across industries where a short supply is suddenly overcorrected. For those of us who’ve been through these cycles — the “high milers,” if you will — it’s all too predictable.

What Comes Next?

We’re already seeing resale home inventory ticking upwards. As renting becomes cheaper than owning, more homeowners will look to sell. The market, particularly in certain categories and price ranges, will feel the effects, and downward pressure on home prices will follow.

The cycle continues, and while it’s a tough situation for landlords right now, it’s an opportunity for renters. Whether you’re a tenant looking for a better deal or an investor watching for the next pivot, the Calgary market is full of lessons — and opportunities — if you know where to look.

Are you ready to make smarter, data-driven decisions when buying or selling homes in Calgary? My brand-new real estate investment app is designed to give you the edge you need. Whether you're a first-time homebuyer, a seasoned seller, or an investor looking to maximize returns, this tool has something for everyone.

Key Features:

• Over 200 Calgary Communities: Choose from Calgary’s most popular neighborhoods and discover homes that fit your lifestyle.

• Real-Time Data: Access detailed information on home types, recent sales, price ranges, and property styles.

• Historical Price Trends: Track home price trends over time to see where the market has been and where it’s headed.

• Size vs. Price Charts: Visualize how home size and price correlate, making it easier to determine property value at a glance.

• Designed for Buyers, Sellers, and Investors: Whether you’re looking to buy, sell, or invest in Calgary real estate, this app offers valuable insights tailored to your needs.

Why Use This Tool?

• Empower Your Decisions: By providing clear and concise charts, the app allows you to compare properties, understand price trends, and make informed real estate decisions with confidence.

• Save Time & Money: Stop guessing the market! Use reliable data to pinpoint the best opportunities in Calgary’s real estate market.

🔗 Try the App Now: Explore Calgary Homes & Communities

🔗 Find Your Dream Home: Calgary Homes for Sale

🔗 Market Insights and Reports: Calgary Real Estate Market Updates

The app is a game changer for anyone interested in real estate in Calgary. Whether you're buying your first home, selling, or investing, it's designed to make the process more efficient and informed. Explore today and discover what data-driven decisions can do for your real estate journey!

Don’t miss out on the chance to get ahead of the curve—access all the insights you need in one place. Click the links and start your Calgary real estate journey with confidence.

When people ask, “How’s the Calgary real estate market?” they expect a simple answer. But the truth is, there’s no one-size-fits-all response. While the overall data may suggest a certain trend, once you dig deeper, the reality becomes far more complex.

As of October 4, 2024, Calgary’s real estate market shows around 4,420 active listings and 2,138 homes sold in the last 30 days. On the surface, this translates into roughly two months' worth of inventory. If you stopped here, you’d think you had all the information needed, right? Not so fast!

The Market is Not One Market—It’s Many Markets

While that two-month supply may be a useful starting point, Calgary’s real estate market isn’t monolithic. It’s a collection of micro-markets, each behaving differently based on price range and property type.

For example, apartments in the $300K-$400K range have the highest number of active listings, with 596 units available, but only 235 of those units sold in the last month. That’s a much larger inventory relative to demand, suggesting a buyer’s market. If you're looking for an apartment in this price range, you're in a position to negotiate a better deal because of the abundance of supply.

On the flip side, detached homes priced between $600K and $700K are seeing far more sales activity, with 404 active listings and 257 sales last month. That translates into just over a month’s supply, a clear indicator of a seller’s market. In this segment, sellers hold the upper hand, and buyers may need to move quickly and be prepared to pay more if they want to secure their dream home.

Why It Matters

The key takeaway is this: there is no single Calgary real estate market. Every price range and property type tells its own story. Whether you’re a buyer or seller, understanding these nuances can make a huge difference.

For Buyers:

You don’t want to overpay for a home in a buyer’s market, where you have leverage to negotiate. Conversely, you don’t want to waste time and lose out on a property in a seller’s market by offering too low.

For Sellers:

Overpricing your home in a slow-moving market can cause it to sit unsold for months. On the other hand, pricing too low in a hot market means leaving money on the table.

The numbers don’t lie. By analyzing the data, you can avoid falling into the trap of thinking you're in a different market than you actually are.

Conclusion

The current snapshot of the Calgary real estate market reveals just how segmented and dynamic it is. Whether you're buying or selling, knowledge of your specific market segment—be it based on price range or property type—will help you make smarter, more informed decisions.

In the end, understanding these trends allows buyers to avoid overpaying and sellers to price their homes competitively. The numbers are your guide, and they paint a clear picture of what’s happening today in Calgary’s complex real estate landscape.

If you're curious to know which market you're in, let's have a chat! I’m here to help you navigate these waters with confidence.

Ready to make your move in the Calgary market? Reach out today for a detailed analysis and personalized advice on how to take advantage of current trends.

#CalgaryRealEstate #MarketInsight #YYCRealEstate #BuyersMarket #SellersMarket #RealEstateInvesting

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As of September 28, 2024, there are 4,617 homes actively listed for sale in Calgary. Whether you're buying or selling, understanding which market you are in is crucial. Real estate can shift between a buyer’s market and a seller’s market, often depending on the number of active listings rather than properties that have already been sold.

Why Active Listings Matter More Than Sold Listings

The real competition in the real estate market comes from the active listings, not the homes that have already sold. Here's why:

1. Active Listings Define Market Conditions: When there are more homes for sale than buyers, it creates a buyer’s market. Conversely, when listings are scarce and demand is high, it becomes a seller’s market. Whether you’re a buyer or seller, knowing how many homes are actively competing with you at any given time is essential.

2. Constantly Changing Numbers: Active listings fluctuate daily. The property that’s available today might be under contract tomorrow. This is why it's crucial to stay updated on the latest numbers and trends in the market.

3. Tailored Strategies for Buyers and Sellers: If you’re a buyer, you want to know how many homes are available in your price range, so you can avoid overpaying. As a seller, understanding your competition allows you to price your home strategically to attract more offers.

Which Market Are You In? Buyer’s or Seller’s?

Calgary’s housing market is incredibly dynamic. Depending on your price range and neighborhood, you might be in a buyer’s market in one part of the city and a seller’s market in another. Here’s a breakdown of the current active listings by price range to help you understand the competition:

- Under $300K: 431 homes – ideal for budget-conscious buyers.

- $300K - $600K: 1,823 homes – a highly competitive mid-range market.

- $600K - $900K: 1,502 homes – options for more established buyers.

- $900K - $1.5M: 609 homes – for those seeking luxury living.

- Over $1.5M: 252 homes – an exclusive market with high-end properties.

Stay Ahead with Real-Time Data

In a market that changes as rapidly as Calgary’s, staying ahead of the curve means having access to the most current information. That’s where working with a professional Realtor like Jerry Charlton can make all the difference. Jerry stays on top of the latest active listings, giving you an edge over other buyers and sellers who may be working with outdated data.

Why Choose Jerry Charlton?

- Expert Market Knowledge: With years of experience in Calgary real estate, Jerry knows the ins and outs of the market, whether you're looking to buy or sell.

- Daily Updates on Active Listings: Jerry ensures that his clients have the latest information on homes available for sale, so you’re always informed and can act quickly.

- Strategic Guidance for Buyers and Sellers: Knowing whether you’re in a buyer’s or seller’s market helps shape your strategy. Jerry helps his clients price competitively and bid smartly, depending on the current conditions.

The Key to Success: Active Listings

Remember, it's the active listings that shape the market, not the homes that have already sold. By understanding and staying on top of these numbers, you can make smarter, more informed decisions when buying or selling a home.

Get the Edge in Calgary’s Real Estate Market!

If you're looking to stay ahead of the competition, contact Jerry Charlton today. Whether you're buying or selling, Jerry provides real-time data and expert insights to ensure you make the best move in Calgary’s ever-changing real estate market.

In real estate, timing is everything. Knowing whether you’re in a buyer’s or seller’s market can give you a significant advantage. With 4,617 active listings in Calgary today, the competition is real, and having the latest information could be the key to getting the home of your dreams or selling at the best price.

Ready to get started? Reach out to Jerry Charlton now for the latest updates and expert advice

Top 5 Reasons to Invest in Airbnb Properties in Calgary

As the popularity of short-term rentals continues to rise, Calgary has emerged as a prime location for Airbnb investments. With its vibrant culture, economic opportunities, and thriving tourism industry, Calgary offers a unique blend of benefits that make it an attractive choice for real estate investors looking to tap into the short-term rental market. If you're considering investing in an Airbnb property, here are the top five reasons why Calgary should be on your radar.

1. Growing Tourism Industry

Calgary attracts millions of visitors each year, thanks to its rich cultural heritage, numerous festivals, and proximity to the stunning Rocky Mountains. Events like the Calgary Stampede draw tourists from around the globe, ensuring a steady demand for short-term rental accommodations. Investing in an Airbnb property in Calgary allows you to capitalize on this influx of visitors, providing them with a comfortable and unique lodging option that often outshines traditional hotels.

2. High Return on Investment (ROI)

Calgary's Airbnb market offers a competitive return on investment compared to traditional long-term rentals. Properties located in popular neighborhoods and near key attractions can generate higher nightly rates and consistent occupancy. With the right property management strategy, you can maximize your income and achieve a solid ROI. Additionally, Airbnb properties often allow for flexibility in pricing, enabling you to adjust rates according to demand and market conditions.

3. Diverse Neighborhoods with Airbnb Potential

Calgary boasts a variety of neighborhoods that cater to different types of visitors, from business travelers to tourists. Areas like the Downtown Core, Beltline, Kensington, and Inglewood are known for their vibrant nightlife, dining options, and proximity to attractions, making them ideal locations for Airbnb properties. This diversity allows investors to choose a neighborhood that aligns with their investment goals and target audience.

4. Favorable Regulatory Environment

Unlike some other cities, Calgary has adopted a balanced approach to regulating short-term rentals. While there are bylaws in place to ensure the safety and security of guests, the city's regulations are generally favorable towards Airbnb hosts. This supportive regulatory environment makes it easier for property owners to operate short-term rentals legally and profitably. Staying compliant with local regulations helps protect your investment and contributes to a positive experience for both hosts and guests.

5. Economic Resilience and Growth

Calgary is one of Canada's fastest-growing cities, with a strong economy driven by industries such as oil and gas, technology, and finance. The city's economic resilience and growth attract both domestic and international travelers, including business professionals and families relocating for work. Investing in an Airbnb property in Calgary allows you to tap into this stable and expanding market, providing accommodation options for both tourists and business travelers.

Ready to Invest in Calgary's Airbnb Market?

If you're considering investing in an Airbnb-friendly property, Calgary offers a wealth of opportunities. With its growing tourism industry, high ROI potential, diverse neighborhoods, supportive regulations, and economic resilience, Calgary is a top choice for real estate investors looking to enter the short-term rental market.

Explore Airbnb-friendly properties for sale in Calgary and find the perfect investment to start or expand your short-term rental portfolio. Our curated listings feature homes, condos, and apartments in prime locations that allow short-term rentals, giving you access to properties with the best potential for success.

By investing in Calgary's Airbnb market, you can enjoy the benefits of a thriving tourism industry, high returns, and the flexibility to adjust your rental strategy as the market evolves. Start your journey today and discover the advantages of owning an Airbnb property in this dynamic and growing city.

When it comes to real estate, especially in a dynamic market like Calgary, Alberta, there's an old adage that holds true: "Time in the market is more important than timing the market." Over the past several years, Calgary's real estate market has seen its share of fluctuations, but one trend remains constant—the long-term growth of property values. This article dives into how this principle benefits home buyers, sellers, and real estate investors.

For Home Buyers: Stability and Growth Over Time

Home buyers in Calgary should consider the value of holding onto their properties over the long term rather than trying to time their purchase perfectly. Historical data since 2019 reveals a consistent upward trajectory in the average prices of homes sold in Calgary. For instance, the average price in January 2019 was around $450,752. By August 2024, this had increased to approximately $609,873. This steady growth illustrates that, despite economic uncertainties or short-term market dips, real estate in Calgary tends to appreciate over time.

Key Takeaway for Buyers: Buying a home is not just about finding the perfect deal at the right moment; it's about securing a property that will grow in value. The market's natural appreciation means that the longer you own a home, the more likely you are to see a substantial return on your investment.

For Home Sellers: Leverage Market Timing for Maximum Gains

Home sellers benefit significantly from holding their properties for a longer period. As seen in Calgary's market trends, home values have increased year over year, making the potential gains from selling much higher after several years of ownership. Sellers who bought in 2019 and held onto their property until 2024 likely saw a substantial return on investment.

However, it's essential for sellers to recognize that waiting for the "perfect" market conditions to sell may not always be feasible. Instead, understanding that the market generally trends upwards can encourage sellers to list their homes when they are personally ready, knowing that long-term growth will have increased their property's value.

Key Takeaway for Sellers: While timing can enhance sales profit, the overall market growth means you don't have to wait for the perfect peak to sell. Your property will likely have appreciated enough over several years to make any timing a good time to sell.

For Real Estate Investors: The Long Game Pays Off

For investors, real estate offers a tangible and historically reliable avenue for wealth accumulation. Calgary's real estate market is no exception. Since 2019, the average prices have shown resilience and growth, even in the face of global economic shifts. Investors who prioritize long-term ownership over trying to predict market highs and lows often find themselves with significant equity gains.

Real estate investment is about patience. The steady increase in Calgary home prices—from $450,752 in January 2019 to $609,873 in August 2024 demonstrates that real estate is a long-term wealth-building strategy. By focusing on holding properties rather than flipping them quickly, investors can maximize their returns through both appreciation and rental income.

Key Takeaway for Investors: Successful real estate investment in Calgary is less about buying low and selling high at precise moments and more about holding properties to benefit from consistent market growth. The longer your property stays in the market, the higher the return potential.

The Power of Patience in Real Estate

Whether you are a home buyer, seller, or investor, the message is clear: Calgary's real estate market rewards patience. Over time, property values have consistently appreciated, making long-term ownership a more strategic choice than attempting to time market highs and lows. Remember, it's not about the exact moment you buy or sell but how long you hold onto your property that counts. In Calgary's real estate market, patience truly is a virtue.

In Calgary, the real estate market has experienced significant shifts over the past six years. Whether you’re a home buyer, seller, or investor, understanding these trends is crucial for making informed decisions. The data below highlights the average price of homes sold in Calgary from 2019 to 2024.

1. Steady Price Increase in 2024

The most notable trend is the consistent rise in home prices throughout 2024. Starting at $570,720 in January, the prices have steadily climbed, reaching $624,607 by June. This increase reflects a robust market, indicating strong demand and possibly limited supply. For buyers, this suggests acting sooner rather than later to avoid higher prices. Sellers can leverage this trend to maximize their returns, while investors might see this as an opportunity for profitable investments.

2. Impact of the Pandemic in 2020

The year 2020 saw a dip in home prices, especially noticeable in May when prices dropped to $439,257. This decline was primarily due to the economic uncertainties brought about by the COVID-19 pandemic. However, by the end of the year, the market began to recover, reflecting the resilience of Calgary’s real estate market. Buyers and sellers need to consider how such global events can temporarily affect the market and plan accordingly.

3. Post-Pandemic Recovery and Growth

From 2021 onwards, there has been a significant recovery and growth in home prices. For instance, the average price in April 2021 was $508,346, which increased to $532,733 in 2022. This recovery phase highlights the potential for growth in property value post-crisis. For investors, this is a positive indicator of market stability and future gains.

1. Seasonal Variations in Prices

The data shows seasonal variations, with prices typically higher in spring and summer months. For example, in June 2022, the average price was $518,049, compared to $490,700 in November. Buyers might find better deals during the winter months, while sellers could benefit from listing their properties in the peak seasons of spring and summer.

2. Yearly Comparisons and Trends

Comparing year-on-year data provides insights into market trends. For instance, prices in 2024 have surpassed those in previous years by a significant margin. Such comparisons help in understanding the long-term appreciation of property values in Calgary, aiding both buyers and investors in making long-term financial plans.

3. Market Stability in 2022 and 2023

Despite fluctuations, the market showed stability in 2022 and 2023, with prices hovering around $500,000 to $550,000. This stability is a good sign for buyers and investors looking for predictability in their investments. Sellers can also take advantage of stable market conditions to plan their sales strategy.

The Calgary real estate market has demonstrated resilience and growth, especially in 2024. Understanding these trends helps buyers, sellers, and investors make informed decisions. Whether you’re looking to buy, sell, or invest, staying informed about market dynamics is key to success in Calgary’s real estate landscape.

The CREB Daily Housing Summary provides up-to-date statistics on Calgary's real estate market, including the number of new listings, sales, and the average price of homes. It highlights key market trends and offers insights into the performance of different property types, such as detached homes, apartments, and townhouses. The report also compares current data with previous periods to show market changes over time.

For detailed statistics, visit CREB Daily Housing Summary https://www.creb.com/Housing_Statistics/Daily_Housing_Summary

Understanding Calgary's Real Estate Market with CREB's Daily Housing Summary

In today's fast-paced real estate market, staying informed is crucial for buyers, sellers, and investors. The Calgary Real Estate Board (CREB) provides an invaluable resource through its Daily Housing Summary, offering a snapshot of current market conditions.

Key Insights for Buyers

For buyers, the summary includes the latest data on new listings, sales figures, and average home prices. This information helps buyers understand the market dynamics and make informed decisions about when and where to buy. Knowing the number of new listings can help identify potential opportunities, while sales figures and price trends provide a sense of the market's competitiveness and overall health.

Valuable Data for Sellers

Sellers can leverage this data to set realistic prices for their properties. Understanding the average prices and sales volume in their neighborhood allows sellers to price their homes competitively, increasing the likelihood of a quick sale. Additionally, tracking market trends can help sellers decide the best time to list their property to maximize their return.

Strategic Insights for Investors

For investors, the CREB Daily Housing Summary is a goldmine of information. By analyzing trends in different property types—such as detached homes, apartments, and townhouses—investors can identify which segments are performing well and adjust their strategies accordingly. This data-driven approach helps investors make informed decisions about where to allocate their resources for the best returns.

Conclusion

Overall, the CREB Daily Housing Summary is an essential tool for anyone involved in Calgary's real estate market. By providing up-to-date and detailed market statistics, it empowers buyers, sellers, and investors to make informed and strategic decisions. For the latest market insights, visit [CREB Daily Housing Summary](https://www.creb.com/Housing_Statistics/Daily_Housing_Summary/).

Staying informed and adapting to market trends can make a significant difference in achieving success in real estate. Utilize the resources available through CREB to stay ahead in Calgary's dynamic housing market.

Investing in real estate can be a powerful strategy for building wealth, and understanding historical market trends is crucial to making informed decisions. Imagine if you had access to comprehensive data showing the highs, lows, and average sale prices of homes over the past decade in a specific Calgary community. This information is more than just numbers; it’s a roadmap to potential financial success.

Unveiling the Trends: High, Low, and Average Sale Prices

The attached charts provide a visual representation of the real estate market in one Calgary community from 2014 to 2024. The top chart illustrates the annual high, low, and average sale prices of homes, while the bottom chart showcases the corresponding prices per square foot. Here’s a closer look at what these trends reveal:

• High Sale Prices: Tracking the peaks in the market, these figures show the potential maximum return on investment. For instance, the highest sale price in 2016 was an impressive $1,050,000, while in 2024, it reached $1,195,000.

• Low Sale Prices: The low sale prices provide insights into the market’s entry points. In 2019, the lowest recorded sale was $320,000, presenting a significant buying opportunity.

• Average Sale Prices: The average prices offer a balanced view of the market, showing steady growth over the years. In 2024, the average sale price was $762,121, a notable increase from $503,879 in 2014.

Price Per Square Foot: A Deeper Dive

Analyzing the sale prices per square foot further refines our understanding of property values. The bottom chart highlights the annual high, low, and average prices per square foot, offering granular insights into the market:

• High Prices Per Square Foot: These peaks indicate premium valuations, with 2024 reaching $895 per square foot.

• Low Prices Per Square Foot: The lows highlight opportunities to purchase properties at lower cost, such as $177 per square foot in 2019.

• Average Prices Per Square Foot: Reflecting overall market trends, the average price per square foot in 2024 was $459, up from $330 in 2014.

Strategic Insights for Investors

By analyzing these trends, investors can gain a strategic advantage. If you could go back in time and buy at the lowest price each year and sell at the highest, the financial gains would be substantial. This historical data underscores the importance of market timing and the potential returns of astute real estate investments.

Why Contact Jerry Charlton?

Navigating the Calgary real estate market requires expertise and access to detailed data. As a seasoned Realtor since 2002, Jerry Charlton offers:

• In-depth Market Analysis: Gain access to comprehensive historical data and market insights tailored to your investment goals.

• Personalized Advice: Benefit from Jerry’s extensive experience and personalized guidance to maximize your investment returns.

• Proven Track Record: With a deep understanding of Calgary’s real estate market, Jerry Charlton can help you make informed decisions that align with your financial objectives.

Don’t miss out on the opportunity to leverage this valuable information. Contact Jerry Charlton today to explore in-depth data and receive expert advice tailored to your investment needs. Let’s turn historical trends into future profits.

As we welcome the warmth of spring in Calgary, the real estate market is showing signs of renewed activity. In this article, we'll delve into the current state of the market, exploring trends, statistics, and expert insights to help you make informed decisions.

Market Overview

The Calgary real estate market has experienced a steady recovery since the pandemic. According to the Calgary Real Estate Board (CREB), April 2024 saw a 12% increase in sales compared to the same period last year. This growth is largely driven by the detached home sector, which accounts for over 60% of total sales.

Detached Homes

The detached home market is leading the charge, with a 13% year-over-year increase in sales. The benchmark price for detached homes rose 1.3% month-over-month to $749,000, and 13% year-over-year. This growth can be attributed to increased demand, particularly in the $500,000 to $1,000,000 price range.

Semi-Detached and Row Homes

Semi-detached and row home sales have also seen a significant uptick, with a 15% year-over-year increase. The benchmark price for semi-detached homes rose 1.5% month-over-month to $520,000, and 10% year-over-year. Row home prices saw a 1.2% month-over-month increase to $430,000, and a 9% year-over-year increase.

Condominiums

The condominium market is slowly gaining momentum, with a 5% year-over-year increase in sales. The benchmark price for condominiums remained stable, with a 0.5% month-over-month decrease to $270,000, but a 3% year-over-year increase.

Neighborhood Spotlight: Beltline and Downtown

The Beltline and Downtown areas are experiencing a surge in popularity, driven by the demand for inner-city living and proximity to amenities. Sales in these areas have increased by 20% year-over-year, with the benchmark price for detached homes rising 15% to $1,200,000, and condominium prices increasing 5% to $400,000.

Expert Insights

"Calgary's real estate market is showing promising signs of growth, particularly in the detached home sector," says Jerry Charlton, a seasoned real estate agent with years of experience in the Calgary market. "As the economy continues to recover, we expect to see increased demand and prices stabilizing. It's an excellent time for buyers to explore their options and for sellers to capitalize on the growing market."

What's Next?

As we move into the summer months, we anticipate the market to remain active, with continued growth in the detached home sector. Interest rates are expected to remain stable, making it an attractive time for buyers to enter the market. Sellers, on the other hand, should consider pricing their properties competitively to attract potential buyers.

Conclusion

The Calgary real estate market is poised for a strong summer season, driven by the detached home sector and growing demand in popular neighborhoods like Beltline and Downtown. Whether you're a buyer or seller, it's essential to stay informed and adapt to the changing market conditions. Contact Jerry Charlton and his team to navigate the market with confidence and expertise.

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Get in Touch

Contact Jerry Charlton and his team to discuss your real estate needs and goals. Call (403) 123-4567 or email jerry@jerrycharlton.com to schedule a consultation today!