Monthly Archives: October 2008

The City of Airdrie is one of the fastest growing  communities in Canada, with a current population of 34,116 (2008) an 8.5% growth over 2007. Airdrie is located only 6 km north of the Calgary along the Queen Elizabeth II highway, and only 32 km north of Calgary’s downtown.

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Of those that responded to the 2008 Airdrie census, the majority of those living in Airdrie are owners (76%) while almost 11% are renters.

Community	Answer	Number of Responders	Percentage
City of Airdrie	Own	10203	76.28%
	Rent	1448	10.83%

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As a bedroom community of Calgary, Airdrie isn’t immune to decreasing house prices.

The price spike in August could be attributed to the low sales volume (Single Family Homes) representing a smaller cross-section of the real estate market.  (The average-sized home sold in August was 1678 sq ft, compared to 1535 sq ft in September)

As of September 2008, nearly 40% of  SFH’s in Airdrie are VACANT (compared to the 28% currently vacant in Calgary)

Airdrie September Month-end MLS Statistics

Average SFH Sale Price: $369,028
Median SFH Sale Price: $362,500
SFH Average DOM: 69
SFH Average Price per Sq ft: $240 ($247)
Average LP / SP ratio: 97%
Highest Sold Over LP: 2%
Highest Sold Under LP: 13%
Inventory: 294
Vacant: 117
Sales: 80

For more Airdrie MLS stats (SFH & Condo) : click here

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Airdrie “Case-Shiller” Review for September

80 Single Family Homes (SFH) sold in Airdrie in September 2008.   Below are the first 20 properties that had previously recorded sales on MLS.

Property 1 (Big Springs, Airdrie)   *mobile home*
September 2008 sold:  $158,000   (LP: $159,900)
June 2004 sold: $78,000
February 2001 sold: $89,500
January 2000 sold: $76,000

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Property 2 (Big Springs, Airdrie)   *mobile home*
September 2008 sold:  $174,000   (LP: $179,900)
April 2004 sold:  $71,000
February 2000 sold: $86,400

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Property 3 (Big Springs, Airdrie)   *mobile home*
September 2008 sold:  $182,000   (LP: $189,900)
July 2007 sold: $195,000
June 2005 sold: $115,500
August 2003 sold: $89,500

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Property 4 (Big Springs, Airdrie)   *mobile home*
September 2008 sold:  $190,000   (LP: $198,000)
March 2004 sold:  $119,000
August 2002 sold: $108,000
July 2002 sold:  $105,500
March 2002 sold:  $96,000

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Property 5 (Big Springs, Airdrie)   *mobile home*
September 2008 sold:  $197,500   (LP: $209,900)
July 2003 sold: $119,000

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Property 6 (Summerhill, Airdrie)
September 2008 sold:  $289,500  (LP: $295,000)
May 2004 sold:  $159,000

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Property 7 (Summerhill, Airdrie)
September 2008 sold:  $298,000   (LP: $314,900)
May 2004 sold:  $165,000

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Property 8 (Sunridge Sun, Airdrie)
September 2008 sold:  $317,777  (LP: $317,777)
September 2007 sold:  $355,000
February 2006 sold: $254,000

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Property 9  (Big Springs, Airdrie)
September 2008 sold:  $315,000   (LP: $317,900)
August 2003 sold: $170,000

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Property 10 (Airdrie Meadows, Airdrie)
September 2008 sold:  $310,000   (LP: $319,900)
January 1999 sold:  $137,250

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Property 11 (Edgewater, Airdrie)
September 2008 sold:  $312,500  (LP: $324,000)
June 2002 sold:  $136,000

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Property 12 (Waterstone, Airdrie)
September 2008 sold:  $305,000   (LP: $329,900)
March 2004 sold: $157,500

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Property 13 (Edgewater, Airdrie)
September 2008 sold:  $309,000  (LP: $329,900)
December 2005 sold:  $172,000

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Property 14 (Meadowbrook, Airdrie)
September 2008 sold:  $327,500  (LP: $334,900)
August 2005 sold:  $182,000

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Property 15 (Meadowbrook, Airdrie)
September 2008 sold:  $325,000   (LP: $335,000)
February 2000 sold:  $111,000

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Property 16 (Meadowbrook, Airdrie)
September 2008 sold:  $325,000  (LP: $339,000)
June 2006 sold:  $331,250
June 2001 sold:  $139,000
April 2001 sold:  $164,000

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Property 17  (Morningside, Airdrie)
September 2008 sold:  $335,000  (LP:  $339,700)
December 2006 sold: $330,000

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Property 18  (Sagewood, Airdrie)
September 2008 sold:  $332,000  (LP: $339,900)
November 2007 sold:  $346,500
September 2005 sold:  $188,000

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Property 19 (Big Springs, Airdrie)
September 2008 sold:  $337,500  (LP:  $342,900)
July 2005 sold:  $215,000

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Property 20  (Woodside, Airdrie)
September 2008 sold:   $337,500  (LP: $344,900)
June 2000 sold: $144,000

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If you’re thinking of buying or selling real estate in Calgary, Chestermere or Airdrie, feel free to contact me.

Visit FindCalgary.ca to search for properties in Calgary & area, view daily MLS stats, recent news, and more!

Mike Fotiou
First Place Realty
Direct: (403) 554-2284

Mike Fotiou is a licensed Realtor®, Accredited Buyer’s Representative®, and Certified Condominium Specialist.