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Dawn Herron Maser
REAL Broker - Summit & Co Real Estate Group
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📊 Calgary Real Estate Market Update: Row Homes and Townhomes! 📊
Hey Calgary! In this video, we're diving into the latest stats and trends for row homes and townhomes. Whether you're a buyer, seller, or investor, this information is essential. Here's a quick overview:
🔥 Market Overview for May 2024:
540 sales, up 9% year-over-year.
689 new listings, up 22%.
Benchmark price: $462,500, up 19% from last year.
Tightest market segment with only 0.79 months of supply.
📈 District Breakdown:
Highest prices in City Centre: $618,100.
Significant price increases in the East: $303,700, up 40.34% year-over-year.
💼 Economic Factors:
Strong job market and lower lending rates are fueling demand.
Inflation stabilizing, further supporting the market.
🔮 2024 Forecast:
Expect continued price growth, though at a slower pace as supply improves. Still a seller's market, with high demand driven by population growth.
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#CalgaryRealEstate #RowHomes #MarketUpdate #RealEstateTrends #InvestingInCalgary
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