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Real Estate Update

2016 FALL/WINTER MARKET REPORT - provided by Fiona Christiaansen.

After a busy Summer, the Fall market is upon us and it brings a continued low inventory in single family homes in the West End of town, and as expected, an increase in the inventory for condominiums in the inner city and beltline areas. This is truly a tale of two different markets. For single family homes in the low inventory areas this has created price stability and in many instances multiple offers on homes. The condominium market however is projecting decreased resale values (approx 18%) and low sale volume - 19% less sales than 2015.

Springborough Properties Sold in 2016

Property Type Address Sq ft  Sale Price  Date sold  Days on market
House   288 SPRINGBOROUGH WAY SW 1,323 $580,000 4-Nov-16 11
House   7308 26 AVE SW 2,281 $650,000 7-Oct-16 15
House   158 SPRINGBOROUGH WAY SW 1,768 $562,000 24-Sep-16 67
Condo   #224 69  SPRINGBOROUGH COURT SW 646 $236,500 13-Sep-16 49
Townhouse   #5 35  SPRINGBOROUGH BLVD  SW 733 $369,000 2-Sep-16 18
Townhouse   #29 35  SPRINGBOROUGH BLVD  SW 720 $365,000 1-Sep-16 25
Condo   #320 69  SPRINGBOROUGH COURT SW 919 $332,000 31-Aug-16 18
Townhouse   #17 29  SPRINGBOROUGH BLVD SW 1,399 $355,500 2-Aug-16 19
House   328 SPRINGBOROUGH WAY SW 1,682 $585,000 3-Jul-16 17
Condo   #109 69  SPRINGBOROUGH COURT SW 648 $225,000 24-Jun-16 29
Condo   #327 69  SPRINGBOROUGH COURT SW 830 $325,000 17-Jun-16 63
House   22  SPRINGBOROUGH CRES SW 2,454 $805,000 15-Jun-16 61
House   42  SPRINGBOROUGH CRES SW 2,126 $762,000 3-Jun-16 15
Condo   #134 69  SPRINGBOROUGH COURT SW 647 $236,000 30-May-16 29
Condo   #218 69  SPRINGBOROUGH COURT SW 823 $316,000 30-May-16 14
Condo   #133 69  SPRINGBOROUGH COURT SW 824 $325,000 28-May-16 97
Condo   #316 69  SPRINGBOROUGH COURT SW 688 $247,500 16-May-16 49
House   114  SPRINGBOROUGH POINT SW 1,532 $570,000 14-Apr-16 64
House   78  SPRINGBOROUGH POINT SW 1,684 $565,000 12-Apr-16 34
House   58  SPRINGBOROUGH POINT SW 1,860 $573,750 29-Mar-16 12
House   379 SPRINGBOROUGH WAY SW 1,855 $569,000 26-Mar-16 39
House   7224 26 AVE SW 1,939 $547,500 29-Jan-16 10