As of July 2024, the Copperfield community in Southeast Calgary continues to exhibit a strong real estate market, driven by consistent buyer interest and a variety of housing options. This report details current market dynamics, pricing trends, inventory levels, and community features that influence the real estate landscape in Copperfield.
Market Trends
Sales Activity:
July 2024 experienced a 9% increase in sales compared to July 2023, indicating robust demand in the area.
A total of 32 properties were sold this month, encompassing a mix of single-family homes, townhouses and apartments
Pricing:
16 SOLD Detached houses $512,500 - $896,400;.
4 SOLD Townhouses $449,000 - $525,000;
12 SOLD Apartments 4224,000-$355,000.
Days on Market:
Homes in Copperfield are selling faster, with an average of 30 days on the market, down from 36 days in July 2023. This decline suggests a competitive environment, particularly for well-maintained and well-priced properties.
Inventory Levels
Current Listings: There are approximately 65 active listings in Copperfield, providing a diverse range of options for potential buyers.
The inventory turnover rate remains healthy, with properties typically selling within a month of being listed, indicating strong buyer demand.
Community Insights
Demographics: Copperfield appeals to a wide demographic, including families, young professionals, and retirees, drawn by its community-focused atmosphere and family-friendly amenities.
Amenities: The community features parks, playgrounds, walking trails, and a community center, enhancing the overall living experience. Its proximity to schools and shopping facilities makes it an attractive location for families.
Economic Factors
The Calgary economy is showing signs of stability, with low unemployment rates contributing to increased consumer confidence in the housing market.
Interest rates remain relatively stable, which supports buyer activity and encourages those considering home purchases to explore financing options.
Conclusion
The real estate market in Copperfield is thriving as of July 2024, marked by increased sales, rising prices, and a competitive market atmosphere. The combination of desirable community features and economic stability positions Copperfield as an attractive destination for homebuyers.
Recommendations for Buyers and Sellers:
Buyers: With a competitive market, it's advisable to act quickly on appealing listings. Securing pre-approval for financing can strengthen your offer.
Sellers: Consider pricing your home competitively based on current market trends and enhancing its appeal to attract potential buyers.
This report provides valuable insights into the current state of the Copperfield real estate market, aiding prospective buyers and sellers in making informed decisions.
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