Calgary real estate prospects

[pheoxs]

Some pointless detached stats:

Jan 2022 average price: 615k
But just Jan 19th-25th: 645k

Same for days on market, 35 for the whole month but 28 over the past week
Same for median, 560k for the month but 590k for the past week.

Considering we're only 3.5 weeks into the year its shocking to see how far outlying the numbers are for this week vs the whole month.

[sabad66]

Meanwhile, me and a few others on this forum *still* waiting for townhouse/condo market to heat up:

[ExtraSlow]

I take it back about that Riverstone house. Significant unpermitted renovations. Don't buy that one.

[msommers]

Spoke with some neighbours last night about the housing situation. They have a condo in Canmore and townhouse/4-plex unit in Killarney. Realtors are begging them to sell their condo in Canmore because of buyers in Toronto, while they'll be lucky to break-even on their townhouse if they sold right now.

Ontario people dreaming of a big lawn or mountain views I guess.

[vengie]

It's a Liberal ploy to dilute the voting pool!

[suntan]

Canmore condo owners drooling. So many unsold units too.

[ercchry]

Canmore condo financing is a nightmare… too many have rental pools, lenders hate that shit

[Xtrema]

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Meanwhile, me and a few others on this forum *still* waiting for townhouse/condo market to heat up:

Townhouse is getting a bit warmer? Condo still dead.

Everyone is going for single detached tho. Bidding war all from people outside of Calgary, sight unseen or doing facetime walkthru. BoC rate staying put means the rush will continue.

[Tik-Tok]

My in-laws are trying to kick start a hot condo market. They just massively overpaid (IMO) for a condo because FOMO (and old)

[Rocket1k78]

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Townhouse is getting a bit warmer? .

You'd think the TH would be getting some of this action since the starter singles are going for crack money

[kobe tai]

Edmonton market getting nuts too in the last 2 weeks. I get about 20+ calls daily from Ontario buyers wanting investment properties. I think we might get another bubble brewing here too

[Pauly Boy]

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Meanwhile, me and a few others on this forum *still* waiting for townhouse/condo market to heat up:

Haha, tell me about it. It's even worse in Lethbridge. There's a couple units where ours is that are listed for LESS than ones that sold last summer and still sitting....

[suntan]

What if you advertised that there was meth in the units?

[Pauly Boy]

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What if you advertised that there was meth in the units?

That's why it's so cheap already, rofl

[Tik-Tok]

A friends house in Skyview just sold for $620g, $100g over asking, no inspection/conditions, in two days.

Just more proof the market is hot.

[killramos]

Hawt

[dirtsniffer]

That must be an all time record for skyview

[ExtraSlow]

About double what I'd consider in that hood.

[benyl]

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About double what I'd consider in that hood.

Double meat subs all around!

[Twin_Cam_Turbo]

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A friends house in Skyview just sold for $630g, $100g over asking, no inspection/conditions, in two days.

Just more proof the market is hot.

Jfc who wants to pay $630k to live out there?