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In the past 30 days, Lake Bonavista and Lake Bonavista Estates are scorching hot. From a total of 13 sales, 5 sold over list, and 2 were at list.

Average list price: $691,400

Average sale price: $692,800

Days on market until sold or c/s: 1,2,2,2,2,2,3,3,4,4,6,7,109.

Last year, during the same 30-day period, 5 homes were sold.

There are 30 active listings in Lake Bonavista/Lake Bonavista Estates.

For the entire city, 9% of all sales this month have been for list price or higher. Why are so many homes selling over list price when sales for April are down 18% compared to the historic average?

Posted: Thursday, April 22, 2010 8:48 AM by Bob Truman

Comments

Bob Truman said:

Stats to Obsess Over
 

2010 compared to the historic average(9 yrs):

 

For single family homes

Sales

New listings

 

Apr 1 – 21

 

-18%

+21%

 

March

 

-14%

+20%

 

Feb

 

-24%

+3%

 

Jan

 

-29%

-15%

# April 22, 2010 11:30 AM

Bob Truman said:

Received this email from a mortgage broker today:

 All fixed rate product with a 4 year term or less and all variable rate term products have to qualify based on a benchmark rate of 5.85% today. Next Monday that qualifying rate increases to 6.10%!

Today’s Great Deals:

5 year fixed rate of 4.49%
Variable rate of Prime less .50% (1.75% today)

*Rates are subject to change without notice and some conditions my apply

# April 22, 2010 11:32 AM

Grace said:

why Bonavista?

# April 23, 2010 11:28 AM

tony said:

Calgary house prices to rise 5%-7%: Conference Board

By MARIO TONEGUZZI, Calgary Herald April 23, 2010 9:02 AM

CALGARY - The Conference Board of Canada is forecasting house prices in Calgary to experience short-term - over the next six months - year-over-year growth in the range of five to seven per cent.

In its Metropolitan Monthly Monitors report released today, that growth expectation put the city on the same level as Victoria, Vancouver, Fraser Valley, Regina, Ottawa, Halifax and Newfoundland.

One level above, seven per cent growth and higher, consisted of Edmonton, Saskatoon, Gatineau, Montreal, Quebec City, Sherbrooke, Trois-Rivieres and Saguenay.

The report said Calgary’s resale residential real estate market in March was considered to be balanced as the average sale price was $400,378.

It was $392,092 in February and $366,789 in March 2009.

MTONEGUZZI@THEHERALD.CANWEST.COM

Calgary house prices to rise 5 - 7 %

# April 23, 2010 4:45 PM

Frnk said:

The average sales price from CREB is 462000

How did canwest get their numbers?

I think the author is using last years numbers for this year.

# April 23, 2010 11:49 PM

Jimmy said:

Frnk:

Maybe those numbers include condos (average price 297k in March)

# April 25, 2010 9:57 AM
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