Condominium living in Calgary has been gaining more and more popularity over the past few years. Is it the desire to live downtown and be part of the pulse of the core and uptown 17th? Is it the dream to be central enough to leave the car at home and walk to work? Is it the fancy to be an urbanite and reside in a chic, modern elevated suite in the sky? Maybe it is yes to all of these, and perhaps more!
Calgary Condo Living provides the maintenance free, lock up and go attitude that a lot of individuals crave. Whether you lead an active, busy existence and don’t have the need for a lawnmower and snow shovel, or whether you just wish to take off into the mountains for a weekend; condo living is probably your ideal lifestyle. If you’re a current Calgary Condo owner, then you know exactly what I am talking about.
Our current Calgary Condo market is an exciting one! The May 2009 statistics released by the Calgary Real Estate Board (CREB) shows likewise as our market is gaining strength in 2009 as sales are up and listings are down – the perfect blend for a healthier, balanced real estate market. Here are some numbers to further my explanation:
The number of condominium sales for the month of May 2009 was 653, an increase of 13 per cent from the 579 condominium transactions recorded in April 2009, and an increase of 13 per cent from May 2008, when 577 condominiums changed hands.
Calgary metro condominium new listings added in May 2009 were 998, up 3 per cent from April 2009, when the MLS® saw 967 condo listings coming to the market. This is a decrease of 35 per cent from May 2008, when condominium listings were 1,538.
Our CREB president, Bonnie Wegerich mentions “All signs indicate we are moving to a balanced and stable market. Consumer confidence is improving, prices are holding steady and inventory is trending downward.”
For those hopeful Calgary Condo buyers out there, check out the “Purchase Check List” at my Calgary Condo Living blog on WordPress – http://calgarycondoliving.wordpress.com/
This will provide new buyers with some quick tips on Condo Living and ownership.
For the current Calgary Condo owners, contact me for a free consultation. I can provide a market evaluation, staging assistance, and anything else that may be useful to you and your condo experience.