I've sold many homes in the Calder neighbourhood over the years. It is an affordable area of Edmonton that at one time saw a lot of CN rail employees calling it home. Currently, new homes are being built and older homes are being renovated by first time buyers. I thought it would be of interest to Calder residents to see what the market has been doing specific to just this area. I've attached a couple of graphs. One is the sales price per sq ft for detached homes and the other is a days on market graph.
The graph below shows a real drop in the most recent quarter (up to Dec 8th, 2010 data). That is a little misleading as there were only 6 sales in this quarter. A smaller sample size can really swing the average. The 3rd quarter had an average of $222/sq ft. That is still up from the financial crisis period of the 1st quarter of 2009 ($210/sq ft).
This next graph shows how long it is taking to sell a detached home in Calder. This graph clearly shows the improvement in the market as we progressed in 2009. It took a lot less time to sell a home (ie the market was stronger for sellers) up until the 2nd quarter of 2010. The most recent quarter is sitting at 59 which is a normal number, but the trendline is up.
If you would like more detailed information on the Calder market, please don't hesitate to drop me an email.
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