As I was gathering information for this post yesterday, Outlook pinged “new mail” several times. My foreclosure email-notifier was sending me the latest listings.
Yesterday over 10 were listed, with 4 being from the same condominium complex in Connaught. (Those 4 units were listed for $299,900 a few months ago, but have been since foreclosed and are now listed for under $200k.)
A Sunalta complex has 9 units in foreclosure. Bankview & Penbrooke have the next highest amount of foreclosed/judicial sales currently listed.
Here are the current ones listed on MLS that I could find:
- Foreclosure/Judicial Sales, Part 1 (84 properties)
- Foreclosure/Judicial Sales, Part 2 (20 properties)
- Foreclosure/Judicial Sales, Part 3 (14 properties)
Interestingly, back in March 2008 I wrote on my blog: “Foreclosures/Judicial sales are not all that common in Calgary. There are currently 8 listed on the MLS.”
Below is a bird’s eye view of most of the SFH and Condo foreclosure locations.
Single Family Homes: Judicial Sales and Bank Foreclosures
Condos: Judicial Sales and Bank Foreclosures
What did Foreclosed or Judicial Sales Sell for in 2008?
Below is the stats for the majority of those sales*:
Average SP / LP: 94%
Highest SP / LP: 133%
Lowest SP / LP: 75%
Highest Sold Price: $1.575M
Lowest Sold Price: $167,200
Median Sold Price: $359,000
Average Square Footage: 1473
Average Price per Square Foot: $264
Highest Price per Square Foot: $590
Lowest Price per Square Foot: $131
Class / Community / Asking Price / Sold Price
| COND | FALCONRIDGE | 175,000 | 167,200 |
| COND | MARTINDALE | 225,000 | 190,600 |
| COND | SHAWNESSY | 250,000 | 251,999 |
| SF | Ogden_Lynnwd_Millcan | 252,000 | 190,000 |
| SF | Ogden_Lynnwd_Millcan | 254,900 | 246,000 |
| SF | FALCONRIDGE | 260,000 | 241,500 |
| SF | Falconridge | 268,000 | 222,786 |
| SF | Dover | 273,000 | 257,000 |
| SF | APPLEWOOD | 280,000 | 265,000 |
| SF | PENBROOKE | 299,900 | 280,000 |
| SF | ERINWOODS | 300,000 | 285,000 |
| SF | DALHOUSIE | 315,000 | 300,500 |
| SF | Ogden_Lynnwd_Millcan | 339,000 | 330,000 |
| SF | MARTINDALE | 340,000 | 451,000 |
| SF | CORAL SPRINGS | 363,900 | 340,000 |
| SF | CITADEL | 369,900 | 359,000 |
| SF | ROSSCARROCK | 384,000 | 364,000 |
| SF | Canyon Meadows | 387,000 | 370,000 |
| SF | SOUTHWOOD | 394,000 | 346,000 |
| SF | ROCKY RIDGE RANCH | 425,000 | 400,000 |
| SF | BRIDLEWOOD | 440,000 | 375,000 |
| SF | WOODLANDS | 460,000 | 460,500 |
| SF | VALLEY RIDGE | 464,900 | 450,000 |
| SF | ROYAL OAK | 465,000 | 430,000 |
| SF | ROCKY RIDGE RANCH | 479,000 | 460,000 |
| SF | RICHMOND PARK_KNOBHL | 480,000 | 385,000 |
| SF | ROYAL OAK | 499,900 | 425,000 |
| SF | SCENIC ACRES | 499,900 | 470,000 |
| SF | Renfrew_Regal Terrace | 530,000 | 500,000 |
| SF | WEST HILLHURST | 629,900 | 572,500 |
| SF | SADDLERIDGE | 1,400,000 | 1,575,000 |
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NEWS ARTICLE UPDATE
Calgary Herald, February 12, 2009
Tumbling home values boost mortgage defaults in Calgary
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*The reason I say “majority” is that foreclosed and judicial sales can be sneaky to find. In our MLXchange program, while the majority are listed as “In-Foreclosure” under the Ownership field, some are just found by searching for “judicial sale” in the private comments, and others are found by searching for bank names under the “Seller” field.
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