Compared to last year's statistics sales are up and prices have followed suit. Between May 1 and May 25, 313 MLS® condo apartment sales have been reported by the CREB. This is a rise of 35.50% from May 2011. The average price for a Calgary condo has risen 4.07% to $276,840.
As well, condos are selling faster. So far in May, the average days listed on the real estate market are 50, which is down 4 days from 54 last year.
Calgary condos are hot commodities right now and for good reason. With everything from affordable to luxury condos being sold there is something to be found within anyone's budget.
A condo is the perfect entry-level to home ownership and an ideal place to retire. In between there are family units that have amenities for young couples with children like pools, children's clubs, tennis courts, playgrounds etc.
Condos are no longer viewed as being second best to a home anymore. Many couples and singles want the lifestyle that can be found in a unit and consider a condo as their first choice. Many of today's business people on the go don't have time to mow the lawn, rake the leaves, clean a 2,000 square foot home or shovel the driveway in the winter.
Condos in Calgary are hot hot hot right now and going fast fast fast!
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