Article content continued
“Our figures are very comprehensive because we get all the transactions, including private deals, which make up about 20 to 25 per cent of the transactions,” says Belostotsky, a University of Alberta business school alumni, now based in Toronto.
“With that, we can show buyers and sellers which areas are hot, and by that we mean those communities with the most transactions and best pricing.”
The company found, for example, the community with the most expensive average sale price was Windsor Park, near the university, at about $1.15 million.
The community of Summerside, located south of Ellerslie Road, was also among the hotter communities for sales. It saw the most transactions in July, totalling $13 million.
The most expensive home sold in the city, however, was in the tony neighbourhood of Glenora for roughly $1.75 million.
Condominium sales have typically struggled in the city of late due to oversupply and several new purpose-built rentals coming onto the market. But some multi-family sales are holding up due to their location. Among them is Callaghan Ravines in Callaghan in the southwest. Overlooking Blackmud Creek Ravine, the condo complex had the highest number of sales among for the segment. As well, sale prices for condos sold there averaged about $485,000.
By contrast, the least expensive sale in the city was a condominium in West Jasper Place, which sold for less than $50,000.
HonestDoor data also revealed bungalows were most in-demand, based on average day on the market, at between 40 and 45 days.