Downtown Calgary Annual Condo Sales Statistics 2016
Downtown Calgary is a highly desirable place to live for those looking to live, work and play in the area. As the beating heart of YYC, there’s hundreds of restaurants, shops, services and entertainment venues that make downtown living as convenient as it gets.
While recent new condo construction projects in the downtown core have slowed because of limited developmental properties, there are a few that are nearing completion or remain in the planning stage. Most of these are found in either Eau Claire or Downtown’s West End. Search All Downtown Calgary Condos for Sale now.
If you are thinking about making a move to a downtown Calgary condo sometime soon, it’s always in your best interests to familiarize yourself with sales trends, statistics and other pertinent information before signing on any dotted line.
This is especially true considering the recent performance of Calgary’s apartment sector over the past few years, where benchmark prices have declined considerably and has been flooded with new listings.
However, these conditions may very well be in your favour as a buyer depending on your goals. Also see our Calgary Real Estate Market Updates today.
Below are all relevant average sales statistics for downtown, downtown west end and downtown commercial core condominiums throughout 2016. Call me anytime or message me using the contact form if you’d like to ask any questions and I’d be happy to answer them for you!
Downtown Condo Sales Statistics 2016
- 84 total units sold
- Original price – $457,181
- List price – $447,467
- Sales price – $371,343
- Close price to list price ratio – 95.5%
- Close price to original price ratio – 93.9%
- List price / square foot ratio – $410
- Sold price / square foot ratio – $401
- Days to sell – 70
*Sourced from the CREB®
Recent Downtown Activity
Three of the most highlighted new condominium projects currently underway are the additional phases at Waterfront in Eau Claire, Avenue West End by reputed developer Grosvenor and Vogue by well-known local developer LaCaille.
Waterfront’s riverfront location has made this development an extremely popular one among buyers not just for the interim, but also as a long-term investment to convert into a rental property perhaps at sometime in the future.
Meanwhile, Grosvenor’s new two-tower development in downtown’s west end has many excited. Located just half a block from the Bow River pathways, Avenue West End is sure to impress with its high-end finishings and open-concept floor plans.
Vogue’s Chicago-style architecture has made this new condo tower stand out on the downtown skyline. This exciting new project is currently over 75 percent sold.
Other up and coming projects in the downtown core include The Concord, an ultra-luxurious condo set along the riverfront, and a mixed-use project called Kings on Fourth that will offer residents the amenities of a hotel, plus more.
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Questions about Downtown Condos for Sale?
As a highly-experienced condo specialist and REALTOR® in Calgary, I promise to help you find a new or resale condo that fits your wants, needs, lifestyle and budget best while taking care of all your real estate needs.
Call me anytime at 403-370-4180 or message me below for a quick response. I am looking forward to helping you accomplish your real estate plans!