These 6 Calgary neighbourhoods are the most in demand right now
House hunting is much more enjoyable as we approach the warm summer months in Calgary, and it seems that some neighbourhoods are in even higher demand than others.
According to the digital real estate platform Wahi, several neighbourhoods in the city have some homes flying off the market, resulting in a short lifespan for active listings.
When looking at all property sales across Calgary in May, these six neighbourhoods saw an average of days on the market hit or even fall below two weeks. How impressive!
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The fastest-selling neighbourhoods in Calgary in May with at least five sales were:
- Riverbend, with an average of 14 days on the market
- Cedarbrae, with an average of 14 days on the market
- Parkland, with an average of 13 days on the market
- Brentwood, with an average of 13 days on the market
- Discovery Ridge, with an average of 12 days on the market
- Woodlands, with an average of nine days on the market
Out of those six neighbourhoods, Cedarbrae had the lowest median sold price at $540,000, while the community of Parkland led the pack with a median sold price of $1,110,000.
When it came to the slowest-selling neighbourhoods in Calgary last month, Pine Creek took the top spot with an average of 67 days on the market, followed by Elbow Park at 65 days and Martindale at 56 days.
While we are on the topic of property and buildings, check out this dazzling new hotel that is being built right beside Calgary’s BMO Centre, or this “overlooked” Alberta city touted as the place to move to if you want to save money.
If you have some serious cash to spend on a house, dip into a glass-enclosed pool at a $5.6 million mansion for sale just outside Calgary.
Happy viewing!