The Municipal District Foothills No. 31 is South of and adjacent to the City of Calgary. Located in the foothills of the Rocky Mountains in Southern Alberta, this diverse landscape covers

Dated: April 2 2021
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As we look at the numbers for March, it is of little surprise that 2021 sales far surpassed 2020’s sales numbers, in fact we experienced 147.3% increase in the past year! The pandemic, and resulting lockdowns resulted in lifestyle changes. With the loss of many social activities such as eating out and attending events, people on average experienced an increase in savings. Working from home, home schooling, and even cooking more meals in, resulted in the examination of how current living conditions support this new lifestyle. Whether it is saving up enough money to buy a first home or to convert over to more functional living space, the low interest rates have helped to support the strong sales activity. Pandemic aside the 2,903 sales this month are the highest since 2007. March has seen a jump in new inventory so that aided in the strong sales this month. While Inventory levels have pushed above 5400 units, the inventory is still low as the city-wide supply is still below 2 months and therefore we are witnessing price gains. Benchmark prices have trended up 6.53% to $441,900 still at least 5% below the benchmark price in 2014. With lower inventory and the shift towards higher prices we most likely will see sellers capitalize on this market and should see further increase in listings hitting the market in the months to come. As more listings become available, we may very well return to more balanced conditions however it could take some time to see this shift occur.
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If you would like to discuss any of the statistics and determine how this may affect you, please reach out!
Brenda Field
Royal LePage Benchmark
403.899.3177
brenda@brendafield.com
BRENDA FIELD has built a reputation as a trusted partner who develops and grows business alongside its team of leaders. A dynamic and dedicated sales executive for twenty years, she has consistently ....
The Municipal District Foothills No. 31 is South of and adjacent to the City of Calgary. Located in the foothills of the Rocky Mountains in Southern Alberta, this diverse landscape covers
As we look at the numbers for March, it is of little surprise that 2021 sales far surpassed 2020’s sales numbers, in fact we experienced 147.3% increase in the past year! The pandemic, and
The Calgary Real Estate Board reflects on the current market conditions as being the best since 2014!This month I tried something a bit different to show the Calgary Real Estate Board Statistics for
Valleyview Park is located in the community of Dover in SE Calgary. This park features beach volleyball courts, ball diamonds, green spaces, walking paths, toboggan hills, picnic tables, benches, 2