Airdrie Condo Market Update (Judicial Sales)

A month ago I wrote about the wave of judicial sales that hit the condo market in Airdrie because of a condominium complex (Crown Shores) that was experiencing difficulties.   This came on the heels of a dismal September where only 4 units sold in all of Airdrie.

November turned that around.  A total 29 condos sold on MLS® which was the highest level this year and, in fact, the most that have sold in a month since I started recording Airdrie condo stats in Jan 2008 (unofficial stats)

Of those 29 condos, 17 of them were the  Crown Shores judicial sales meaning nearly half of them were absorbed in a month.

For those interested, the average SP/LP ratio of the judicial sales was 96% with the highest being 100% and the lowest at 90%.

You can view Airdrie single family home and condo statistics on my webpage here

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