In shuffling through 2016 real estate statistics in Calgary, it’s fascinating to uncover the real story of what happened in our individual communities. Which communities had the highest sales? Which communities had the fewest? Where are Calgary’s most expensive communities or where are the most affordable homes? Here’s a look at some of the highlights from last year’s sales stats as compiled by the Calgary Real Estate Board (CREB).
Single-Family Homes – Resale
The neighbourhood with the highest number of detached home sales last year was Tuscany in Calgary’s North West. This picturesque neighbourhood, built on the north slope of the Bow River Valley, saw 316 single-family homes change hands last year. Next to Tuscany, there were seven other areas in Calgary with 200-plus sales of detached homes and there were all deep in Calgary’s suburbs. They were:
- Coventry Hills
- New Brighton
- Auburn Bay
Single-Family Homes – New Listings
Cranston in Calgary’s South East saw the most number of new listings enter the marketplace last year. In detached homes alone, there were 458 new entries with Tuscany a close second at 436 new listings.
Single-Family Homes – Prices
The South West community of Bel-Aire has been a price leader for many years and 2016 was no exception. Located on the eastern edge of the Calgary Golf and Country Club, Bel-Aire saw 11 sales in 2016 with a benchmark price of $1,604,550. Neighbouring Britannia had 6 sales last year with a benchmark price of $1,396,325.
It was certainly a buyer’s market in 2016 in Calgary but there was one neighbourhood where sellers were lucky enough to get offers very close to their asking price. North Haven, on the eastern edge of Nose Hill Park in the North West, where the sales / listing radio was 102% on 23 sales. A very close second were Parkdale, also in the North West and Parkhill in the South West with a sales/listing radio of 101% in each of those communities. There were 18 and 10 sales respectively in those neighbourhoods. In other communities with larger sales volumes, Auburn Bay in the South East and Coventry Hills in the North East each had ratios of 98%.
Attached Homes in 2016
Townhomes and duplexes were a population choice for home buyers last year in Calgary, especially in the South East community of McKenzie Towne. There were 138 sales last year of attached homes followed by Evanston in the North West with 95 and Auburn Bay in the South East with 83. McKenzie Towne had the most sales and the best selection for buyers. There were 255 new listings added to the roster in that neighbourhood in 2016. Other neighbourhoods with more than 100 new listings last year included:
- Panorama Hills
- West Springs
- Auburn Bay
Up in Scenic Areas in Calgary’s North West, people buying a duplex or townhome were willing to pay close to list price or even more with the sales-to-listing price radio of 101% on 17 transactions. In Sage Hill in the North West and Saddle Ridge in the North East the ratio was 100% with 22 and 20 transactions in each of those neighbourhoods.
The most expensive community in Calgary for attached homes was in Parkhill in the South West. There were 10 homes sold in 2016 with a benchmark of $868,875. In the North West, there were 21 attached homes sold in Parkdale at $822,658.
Condominiums in 2016
The Calgary neighbourhood with the highest number of re-sale condominiums was the Beltline. This dense, apartment-rich inner-city community had 33% of all condo sales in Calgary last year with 437 units changing hands. Beltline also offered the best selection of condos with 1,006 new listings added last year. Next to that was neighbouring Mission where 99 transactions were recorded and 253 new listings.
The most expensive condos in Calgary were in Eau Claire in downtown Calgary. There were 37 sales in Eau Claire last year with a benchmark of $506,133. Erlton, just west of the Stampede Grounds had 30 sales with a benchmark of $429,900.
Check the CREB website for more in-depth information and to see how your community ranked.