Calgary Local Market Analysis - November 2008

[RedlineBrett]

Unlike traditional investment vehicles like stocks or bonds the market value of a real estate investment cannot be quickly evaluated. Overall city statistics and pricing trends are seldom accurate enough, as the local factors of supply and demand will determine the value of real estate in the area of interest.

So, in order to keep tabs on their current investments and also plan for their next ones, real estate investors need a market analysis that is finely tuned to the area they want to invest in.

With that in mind I have put together a local market analysis of two of Calgary`s most promising investment areas: The northwest and west LRT lines. I have also put together an overall market analysis for the overall Calgary market for the last 24 months.

The source data comes from the Calgary Real Estate Board (CREB) of which I am a member. I will update and re-post these stats every month when they release their community specific sales reports. Hopefully this will help some investors plan their next investment decision with more accurate information.

Northwest LRT
Ranchlands Single Family Home Nov 08
Ranchlands Condominium Nov 08
Silver Springs Single Family Home Nov 08
Silver Springs Condominium Nov 08
Dalhousie Single Family Home Nov 08
Dalhousie Condominium Nov 08
Brentwood Single Family Home Nov 08
Varsity Single Family Home Nov 08
Varsity Acres Condominium Nov 08
Varsity Village Condominium Nov 08

West LRT
Glendale Single Family Home Nov 08
Rosscarrock Single Family Home Nov 08
Shaganappi Single Family Home Nov 08
Westgate Single Family Home Nov 08
Spruce Cliff Single Family Home Nov 08
Spruce Cliff Condominium Nov 08

Overall Calgary Market
Citywide Sales Stats - Last 24 months Current to Nov 08

Happy investing!

 

[wgraham]

Great Post Brett!! I love the raw numbers. Leaves the emotional side to the media!

Happy Holidays!
W