Calgary Real Estate Price Trends
A Decade of Average Real Estate Prices by Community and Property Type.
One great thing about Calgary Real Estate is the trail it leaves that helps us to understand the average prices along with the highs and lows overall and by size in $/SqFt.
How To Analyze Calgary Real Estate Historical Prices
There are many ways to slice and dice the data available. One way the makes sense to the real estate pros in Calgary is to slice by community and property type.
Communities in Calgary are like the rings of a tree trunk. Each community has homes built in different decades in different parts of Calgary which adds a uniqueness factor to the historical home sales data.
The next uniqueness factor is the property type.
Property types are grouped into 4 main buckets in Calgary. Detached Homes, Townhomes, Condos, and most recently Half Duplexes.
With the help of our user friendly app, anyone can pick a community and a property type and get instant graphs like the one above.
How to think about the 10 Year Average Price Charts
Like any room in any house in Calgary the prices of homes have a floor and a ceiling. Knowing the highs, lows, and average home prices in a segment of the market that matters to you will help you avoid overpaying or overpricing if you are a buyer or seller.
If you are a real estate investor you can use these historical home price charts to find communities that offer opportunities to buy low, renovate and sell for a profit while improving the neighbourhood.
Just like viewing the City of Calgary from different vantage points throughout the city, there are many other ways of slicing and dicing the Calgary Housing Data that offers different views.
Whatever our imaginations can come up with it we can most likely provide the custom report or tool to help create a clear picture.
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