Why So Many Condo MLS® Listings vs Sales of Calgary Condos? Aug 2021

Calgary Condo Sales and Condo MLS® Listings

The chart below shows very clearly the Calgary Condo Market currently favours condo buyers.

  • Over 1,800 active listings on MLS®
  • 10 Sales per day average
  • 6 Months Supply of Inventory
  • Approximately 1 in 5 listings sell per month

So far in Aug 2021, only 10% of the listings have sold.

This means you would have a 1 in 10 chance of selling in the current Calgary Condo Market.

Many condos fail to sell based on the condo documents.

Before you buy or sell a Condo in Calgary you would be wise to know what's in the condo docs. The condo documents include financial statements, reserve fund studies, and minutes of board meetings that all contain valuable information as to the health of the building and its bank accounts. If you've never looked at condo documents before they can certainly be overwhelming. To get a clear picture whether you're buying or selling a condo we always recommend hiring a company to review and summarize the information that you need to know before making a decision one way or the other.

We recommend Norm at Condo-Check to review your condo documents.

Norm Wilkinson
Condo Check - 403 560 7203

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.