How Much Are Apartments in Calgary? 🏡 Calgarys Condo Market Update

🏢 Calgary Apartment Condominium Market Update - March Insights | Adam Fyfe Real Estate 🏢

🚀 Unprecedented Sales in Calgary's Condo Market: 🚀

March witnessed a remarkable performance in the Calgary apartment condominium sector, with sales hitting 814 units. This surge contributed to an all-time high for the first quarter, totalling 1,940 units sold - a stunning increase of nearly 31% compared to last year. 📈 With new listings on the rise throughout the first three months, the conditions have decidedly tipped in favour of sellers in the apartment condominium segment.

🔍 Market Dynamics: 🔍

The sales-to-new listings ratio for March stood at 82%, alongside a tight months-of-supply at just one month, highlighting a market that heavily favours sellers. This dynamic has been particularly beneficial for lower-priced homes, driving significant interest and activity towards apartment-style properties. 🏠

💡 Price Trends: 💡

The demand surge and constrained supply conditions have inevitably led to price appreciations. In March, the benchmark price for apartment condominiums soared to $337,700, marking a robust increase of over 2% from the previous month and an impressive 17% jump from last March. 💲

👀 Why This is Crucial for You: 👀

Whether you’re eyeing the market for investment opportunities, considering buying your first home or thinking of selling your apartment condo, these insights into price trends and market conditions are invaluable. Understanding this momentum can empower you to make informed, strategic decisions. 🗝️

🔔 Get Ahead with Adam Fyfe Real Estate: 🔔

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