McKenzie Lake in Calgary Alberta, is one of the largest lake communities in Calgary. Well established with schools, shopping nearby, panoramic views of both the Canadian Rocky Mountains and the Calgary city skyline… McKenzie Lake has much to offer.
The real estate market in McKenzie has been quite active during the fall of 2012. 51 homes sold between September 1, 2012 and December 20, 2012, compared to 47 during the same time period in 2011.
There are a wide range of homes in Lake McKenzie, from condominiums and starter homes to million dollar waterfront homes on the lake, or luxury homes with a million dollar view on the ridge overlooking the Bow River.
Here’s the breakdown of the homes that sold in McKenzie Lake between September 1, 2012 and December 20, 2012.
Seven properties sold under for less than $300,000. Of those 2 townhouse style condominiums sold, and 5 single family detached homes sold. The greatest number of homes sold in McKenzie in the $300,000 - $399,000 price range. Of these, just one home had an attached garage, while the rest either had no garage at all, or a single or double detached garage. Interestingly in this segment, none sold higher than $352,000.
A total of 8 properties sold in the $400,000 - $499,000 price range. Of these, there were 6 two storey houses, 2 bungalows, each with a double attached garage. In the $500,000 segment, 11 two storey homes sold plus one bungalow for a total of 12. Four homes sold in the $600,000 category while two homes sold in the $700,000 price range. Three luxury homes sold above $800,000. Two of those above the million dollar mark.
Looking at the year over year comparison between September 1 and December 20 in 2011 and 2012…
In general, prices and sales did increase in 2012. The highest sale price in 2012 at $1,200,000, was lower than in 2011, however, in the luxury home market, the unique features, location and updates of a single home sale in the higher end of the scale can vary greatly, and consequently affect the appearance of trends over a short period of time. Typically, the average sale price is used to report trends in the media. In this case, the average home price increased from $446,989 in 2011 to $468,727 in 2012. The median price also increased from $378,000 in 2011 to $467,000 in 2012.
Statistics like this provide us with a snapshot of the market in a particular area. However, if you are looking for a home, or trying to figure out what your home is worth, it’s necessary to look at the market with a lens that gives you an even closer view.
McKenzie Lake is a very large community in the south east corner of Calgary. There are many factors that can affect the value of your home. Location alone can affect home values drastically… for instance:
· How close are you to the lake?
· How far are you from the school? And which school?
· How close are you to Deerfoot trail? (This one can affect your home value both negatively and positively)
· How far are you from hiking and biking trails?
· How well do your neighbours upkeep their properties?
· Does your home have lake privileges?
If live in McKenzie Lake and you’d like to get a better idea of what your home is worth, give me a call.
For a Free Home Evaluation,
Call 403-607-9117, or e-mail firstname.lastname@example.org
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