Calgary Condo Market Watch Report with Daily Updates 🏙️
The Calgary Condo Market in Calgary is the worse part of the local real estate market. Condo Fees are constantly on the rise and new condo projects keep the market over supplied. Selling a condo at a profit is more luck than good planning. Even a great condo building has it’s fair share of lousy locations within the building. Every Condo in Calgary comes with the equivalent of in-laws you haven’t met yet. That is the Condo Board and the Management Company hired by the Condo Board. The nicest condo in town can become a nightmare if you end up with an incompetent board of directors and a crooked condo management company. Buying a condo without researching the condo board and the management company is like buying a car without starting the engine. Good condos in good buildings are out there but hard to find because present owners like to keep them. Buying a condo without buyers remorse requires working with a Realtor that will show you all the reasons not to buy. The big advantage to condo buyers is the condo market as you can see in the chart below. Look for price range segments with lots of supply and few sales and you found a market that should have a few motivated sellers ready to give you a great deal.
This Chart shows us the Total Calgary Condo Market and the Price Range Markets.
Active Listings divided by Sales in the Past 30 Days equals % of listings Sold.
% of Listings Sold is the Odds of Selling in the next 30 Days.
Low % favours buyers. High % favours Sellers.
Pending Listings are in the “Subject To Buyers Conditions” phase of a potential sale.