Lake Chaparral in Calgary Alberta is one of Calgary’s most popular lake communities. The types of property here range from apartment style condominiums, to townhomes, single family homes, and luxury homes surrounding the lake.
Here’s a look at what’s been happening in the real estate market in Chaparral during the period from September 1, 2012 through to December 20, 2012.
This fall, 48 homes sold in Chaparral, with an average price of $425,377, and a median price of $430,000. Because there is such a variety in the kinds of properties you’ll find here, if you’re thinking of moving to Chaparral, it helps to take a look at the breakdown of the number of homes that sold in different price ranges.
Out of the 48 properties that sold, 29 where fell into the $400,000 to $499,000 range. These are typically 2 storey homes with double attached garages. Five homes sold for less than $300,000. These were a combination of apartment and townhouse condominiums. In the $300,000 price range 8 homes sold. These included townhouse condominiums, single family homes with detached garages, and two single family homes with attached garages. On the upper end, 5 homes sold in the $500,000 price range, 1 home with lake access sold above $600,000 and 1 luxury home with a triple attached garage, backing onto a green space sold above $900,000.
Let’s take a look at how home sales in the Fall of 2012 compare to the same time period in 2011.
Here we see the highest and lowest sold prices for Chaparral, together with the average and median prices. The median price marks the half-way point. In the fall of 2012, half of the homes sold were below $430,000 and half sold for $430,000 and above. Compared with the fall of 2011, the median price rose 3.3% from $416,000. Again we see an increase in the average sale price from $419,519 in the fall of 2011 to $425,377 in 2012.
If you’re thinking of buying or selling a home in Lake Chaparral, it’s important to compare similar home styles, sizes and location to understand fair market value of a property. In this neighbourhood, there are many factors to consider. Among them are lake privileges. Some homes have them. Some don’t. Also, the proximity to the lake, or schools, or access to major driving routes. Each carries its own weight in determining market value.
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