bikesAndPebble
First-time buyer
One explanation is that deferred maintenance and condo costs are leaving weaker Calgary listings behind. The other is that the sample itself is misleading because it mixes neighbourhoods, financing conditions and sellers with very different reasons for moving. I am not comfortable choosing between them from asking prices alone.
The properties are mostly condos listed from C$766,800 to about C$1.15 million, and the typical advert has been visible for 82 days. Withdrawn and relisted units may be making that age figure unreliable, especially if fresh inventory is giving buyers more choice.
What do recent completed sales show? I would compare well-maintained units with nearby alternatives, then note when each price cut happened and whether financing issues affected the result. If maintained units complete sooner at similar prices, condition is probably meaningful; if not, seller motivation or the sample boundaries may be the better explanation.
The properties are mostly condos listed from C$766,800 to about C$1.15 million, and the typical advert has been visible for 82 days. Withdrawn and relisted units may be making that age figure unreliable, especially if fresh inventory is giving buyers more choice.
What do recent completed sales show? I would compare well-maintained units with nearby alternatives, then note when each price cut happened and whether financing issues affected the result. If maintained units complete sooner at similar prices, condition is probably meaningful; if not, seller motivation or the sample boundaries may be the better explanation.