Calgary Townhouse Prices in April 2024 🏡 Calgary Townhouse Insight

🏘️ Calgary Townhouse Market Update - March Insights | Adam Fyfe Real Estate 🏘️

🚀 March's Townhouse Market Overview: 🚀

This March, Calgary’s townhouse market experienced a significant uptick in both sales and new listings, indicating a robust demand. With 536 new listings entering the market and 449 sales, the sales-to-new listings ratio climbed to an impressive 84%, maintaining stable inventory levels without significant monthly changes. 📊 Despite this activity, inventory levels remained tight at 355 units, showcasing a 12% decrease from last year and 53% below the long-term March averages. 📉

🔍 Inventory Dynamics: 🔍

The most notable inventory decline was among properties priced below $400,000, reflecting the high demand for more affordable housing options. Conversely, inventory for units priced above $400,000 saw a 35% increase, indicating a market shift towards higher-priced townhouses. 🏠

💡 Pricing Trends: 💡

March witnessed a substantial rise in the benchmark price for townhouses, reaching $448,700. This represents a nearly 3% increase over the previous month and a significant 20% leap from last year's figures. Interestingly, the City Centre reported the slowest price growth, whereas the highest increases were seen in Calgary's most affordable districts. 💲

👀 What This Means for You: 👀

Whether you're in the market to buy, sell, or simply keeping an eye on townhouse trends, these insights are crucial for making informed decisions. The current dynamics highlight the growing appeal of townhouses in Calgary, especially in more budget-friendly areas. 🗝️

🔔 Stay Informed with Adam Fyfe Real Estate: 🔔

For more updates on the Calgary townhouse market, including in-depth analysis and tips for navigating the real estate landscape, make sure to subscribe to our channel. Your journey to the perfect townhouse starts here, with expert guidance and the latest market data at your fingertips! 🌟

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