Calgary Townhouse Market 2024: Rising Sales & Prices Explained
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Calgary Townhouse Market Update - April Insights | Adam Fyfe Real Estate
April's Townhouse Market Overview:
April was a standout month for Calgary's row home market, with sales continuing to climb, contributing to a 19% increase year-to-date. Despite a 16% rise in new listings this year, the ongoing surge in sales has kept inventory levels critically low. This dynamic has sustained the sales-to-new-listings ratio at a high 93%, with months of inventory remaining below one for the fourth consecutive month.
Inventory and Pricing Dynamics:
The low inventory situation, particularly in the more affordable segments, continues to fuel price increases. The benchmark price for row homes in Calgary reached $458,100 in April, up 2% from last month and an impressive 20% higher than the same period last year. Notably, the most significant price increases were observed in Calgary's most affordable districts, the North East and East, where resale row homes remain priced below $400,000.
Market Trends and Buyer Insights:
These persistently tight market conditions underscore a competitive environment, particularly for buyers looking for affordable housing options. The substantial year-over-year price growth in Calgary's more economical districts highlights where the most intense market activities are centered.
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For more updates and expert insights into the Calgary townhouse market, make sure to subscribe to our channel. Whether you're buying, selling, or simply monitoring the market, Adam Fyfe Real Estate is here to provide you with all the information you need to make informed decisions.
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