Aspen Woods had the largest price increase for single family homes over the past decade, up 176.52% according to the December 2013 MLS® Home Price Index summary report. At 152.41%, West Springs recorded the second highest price growth in Calgary over the last 10 years.
Here’s how other communities performed in December on a year-over-year basis in the single family home category:
- Diamond Cove +23.23%
- Castleridge +17.26%
- Radisson Heights +16.96%
- North Haven Upper +16.63%
- Willow Park Estates +15.86%
- Southview +15.85%
- Lake Bonavista Estates +15.49%
- Dover Glen +15.23%
- Glendale/Glendale Meadows +15.09%
- Rosscarrock +14.97%
Two communities registered year-over-year declines. They were Lower Mount Royal (-1.18%) and North Glenmore (-0.37%)
To view all the communities along with different property categories such as Apartment and Townhomes, along with time periods dating 1-6 months and 1-10 years back, download the:
Remember, the HPI is for general price trends in each housing category while the Benchmark Price is just for the ‘typical’ home in that community as outlined in the Attributes Report.
How does it work?
The MLS® HPI is calculated using a sophisticated statistical model that estimates home prices based on their quantitative and qualitative features, including:
- Number of rooms above the basement level
- Number of bathrooms and half-bathrooms
- Square footage for main living and basement areas
- Whether it has a fireplace and/or finished basement
- Lot size
- The age of the property
- How the home is heated
- Foundation, flooring, siding and roofing types
- Whether the property has a waterfront or panoramic view
- Whether the property has been sold previously
- Proximity to shopping, schools, hospitals, police stations, churches, sports centres, golf courses, parks, and transportation (including train stations, airports etc.)
Upon valuating these features or attributes, the index and the benchmark price are formulated.