What's happening with Cougar Ridge Real Estate?
I just finished taking a look at the Cougar Ridge Sales numbers for the last month and the list of sold homes is small. We've seen 4 homes sell in the community during the last month ranging from $640,000 to $510,000.
That may sound like not a lot but it is exactly the same amount that sold from Jan-Feb 2015 and Jan-Feb 2014. The average price of the home that is selling is down as the prices ranged from $725,000 to $547,000
Taking a look at the 'real' sales numbers those 4 homes were on the market for an average of 55.5 days and sold within 95.7% of asking.
In Jan 2015 the same amount of homes sold; 4, but the average days on market was only 25.75 days and the average sale price was 99.3% of asking price.
These are definitely things that I am seeing throughout the housing market in Calgary, sales numbers are similar to previous years but the amount of homes not being sold is up with the average days on market increasing substantially along with a reduction in the sold vs asking pricing.
Where does that leave us? I think that if you are considering selling your home that now is the time to do it. I would list in March when there is historically an increase in buyers and price your home aggressively with the goal of being one of the homes that sold that month instead of one of the increasing number of home owners who have not sold.
If you have any questions about the Calgary real estate market do not hesitate to contact me.