Where did prices decline the least? Where did homes sell better than average?
When you buy or sell a house, it's important to have all the information for the community you are interested in. The table below illustrates how the differences between areas can be quite large, from a small price decline of 5% in Wildwood to a huge decline of 30% in Bowness.
Sales in Calgary are down 34% this year, however, in Scenic Acres, sales are up 28%. There are other factors involved in the price of a house which have not been taken into account here: location, condition, finished or unfinished basement, etc. You should consult a realtor in order to get the full picture.
This is a random sampling. It's possible that other communities could have fared better or worse than these. If you want the details for a specific community, contact me.
For the 3-months ending on Mar 31, 2009, for single family homes:
(For the entire city, SFH price was down 11%. Sales volume was down 34%.) |
Area | Change in Sales Price per Sq Ft Compared to 2008* | Change in Sales Volume Compared to 2008** |
Wildwood
| -5% | -42% |
Lynwood Ogden
| -6% | -38% |
Canyon Meadows
| -7% | -20% |
Altadore (infills)
| -7% | -11% |
Haysboro
| -7% | -29% |
West Springs
| -9% | +10% |
Coventry Hills
| -9% | -40% |
McKenzie Towne
| -9% | -42% |
Evergreen
| -9% | -43% |
Cougar Ridge
| -9% | -46% |
Beddington, Sandstone, MacEwan
| -10% | -36% |
Scenic Acres
| -11% | +28% |
Glendale, Glenbrook
| -11% | -11% |
Douglasdale estates
| -11% | -26% |
Tuscany
| -11% | -31% |
Royal Oak
| -13% | -41% |
Edgemont
| -13% | -40% |
Coach Hill
| -16% | -25% |
Queensland
| -16% | -59% |
Tuxedo, Mt Pleasant
| -17% | -49% |
Collingwood, Charleswood
| -21% | +6% |
Rundle, Whitehorn, Temple, Pineridge | -21% | -42% |
Bowness
| -30% | -77% |
*Comparing same style of house; eg: bung to bung, or 2-storey to 2-storey. The predominant style for each community was used. |
**Includes sales of all styles of homes. |