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🏠 Calgary Semi-Detached Market Update - March Insights | Adam Fyfe Real Estate 🏠

🚀 March's Market Dynamics: 🚀

March was a pivotal month for Calgary’s semi-detached housing sector, demonstrating the tension between supply and demand that is shaping the market. With 260 new listings and an impressive 250 sales, the sale-to-new listings ratio escalated to a remarkable 96%, keeping inventory levels tight. 📊 This high demand against a backdrop of limited supply led to a drop in months of supply, which fell below one month.

🔍 Inventory Trends: 🔍

The most significant inventory declines were noted in properties priced below $600,000, as affordability continues to drive market demand. This trend underscores the ongoing challenge of replenishing stock in more budget-friendly segments. 📉

💡 Pricing Developments: 💡

March saw further escalation in prices due to the constricted supply paired with rising demand. The benchmark price for semi-detached homes surged to $658,000, marking a nearly 3% increase from the previous month and a 14% rise from the same period last year. This price growth was consistent across the city, with annual gains ranging from 11% in the high-end City Centre to an impressive 25% in the more affordable East district. 💲

👀 Why This Matters: 👀

For buyers and sellers in the semi-detached market, these trends highlight the importance of timely decision-making guided by current market conditions. The competitive environment, especially in more accessible price ranges, suggests a market poised for further growth and challenges. 🗝️

🔔 Expert Insights with Adam Fyfe Real Estate: 🔔

Stay updated with the latest trends and developments in Calgary's semi-detached housing market by subscribing to our channel. Whether you are planning to buy, sell, or simply stay informed, Adam Fyfe Real Estate is here to provide you with expert guidance and up-to-date market analysis. 🌟

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🏢 eXp Realty Canada
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