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Best March Sales #'s since 2010

CALGARY MARKET REPORT 

City of Calgary, April 1, 2021 - The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007. “Low lending rates and improved savings have supported sales activity,” said CREB® chief economist Ann-Marie Lurie. “However, sales have been somewhat restricted by the lack of listings. This month there was a jump in new listings, contributing to the strong monthly sales.” Inventory levels pushed above 5,400 units, but citywide months of supply fell below two months. This reflects the lowest months of supply for March since 2014 and these tight conditions have contributed to price gains. In March, the benchmark price trended up over last month to $441,900, over six per cent higher than last year’s levels. The price gains have moved the market closer to recovery, but prices remain over five per cent lower than 2014 highs. “Improving prices will likely support further gains in new listings, as sellers try to capitalize on the recent shift toward rising prices,” said Lurie. “Eventually, this will help support more balanced conditions, but it could take time before we see this shift in the market.



 


 
COMING SOON LISTINGS
- Altadore Wide Lot Infill
- Shaganappi Detached Infill
- West Hillhurst Attached Infill
- Marda Loop Condo 
- Pineridge Bungalow ( Suited ) 
- Hillhurst Townhome
- 4 lots, 25,000 square ft redevelopment land in South Calgary

Please reach out details on any of these ! 

I currently have numerous clients that are not able to find their perfect home within the MLS inventory, considering selling, please keep me posted. 
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Ross Aitken 
23 Years Selling Calgary 
Re/Max Real Estate (Central)
403-874-5000

 


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Ross Aitken - Re/Max Real Estate (Central)