Buying a TOWNHOUSE in CALGARY? Calgary Market Update | MAY 2024

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🏠 Calgary Real Estate Market Update - MAY 2024 | Expert Analysis by Ash Iyer, eXp Realty

Welcome to the most comprehensive update on the Calgary real estate market! April 2024 has brought fascinating changes, signaling a robust spring market ahead. Are you positioned to capitalize on these dynamics? Whether you're buying, selling, or investing, this video is your gateway to informed decisions in Calgary's dynamic real estate scene.

Ash Iyer, your trusted Calgary Realtor® and market analyst with eXp Realty, dives deep into the latest trends, pricing shifts, and investment opportunities. From the bustling townhouse sector to the nuanced semi-detached market, get the clarity you need to navigate the real estate landscape effectively.

Specializing in South East Calgary: Your dream home awaits in vibrant communities like McKenzie Lake, Auburn Bay, and Seton. Let's explore them together!

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Row home sales continued to improve in April, contributing to the 19 per cent year-to-date gain. At the same time, new listings have improved by 16 per cent so far this year. The gains in new listings did little to change the low inventory situation due to sales activity. This has kept the sales-to-new-listings ratio high at 93 per cent and the months of inventory below one month for the fourth consecutive month.

The persistently tight conditions, especially in the lower price ranges, are driving further price growth for row homes. In April, the unadjusted benchmark price reached $458,100, two per cent higher than last month and 20 per cent higher than levels reported last year. Both monthly and year-over-year gains were the highest in the most affordable districts of the North East and East, where resale row homes are still priced below $400,000.

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🗒️ Detailed Chapters:
00:00 Introduction to Calgary Market Update MAY 2024
00:30 ASH IYER, Calgary Realtor
01:00 Townhouse Benchmark Price
01:29 Calgary Townhouse Summary
02:25 Calgary Townhouse Monthly Stats
03:50 Calgary Townhouse YTD Stats
04:27 Calgary Townhouse Price by Area
05:11 One year Benchmark Price Trend
06:02 Townhouse Sales by Price Range
06:32 YTD Sales vs Inventory
07:04 Benchmark Price vs Sales vs Inventory
07:50 Benchmark Price vs Average Price vs Median Price
08:27 Conclusion - Calgary Townhouse Market Predictions

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#CalgaryRealEstate #YYCPropertyInsights #CalgaryHousingTrends #InvestInCalgary #CalgaryMarketAnalysis #RealEstateExpertise #YYCMarketUpdates

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🌟 Ash Iyer - Your Partner in Calgary's Real Estate Journey: With a data-driven approach and a deep understanding of Southeast Calgary, Ash is your go-to expert for navigating the complexities of the real estate market. Ready to make a move? Let's turn your real estate goals into reality. Schedule your consultation call now!

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