Information That Helps With a Sold-Price Comparison

If you want to know what a particular Calgary house, condo or townhouse sold for, provide the full address or as much identifying information as possible. For a broader market comparison, include the community, property type, approximate living area, bedroom and bathroom count and any important features.

For detached homes, useful comparison factors can include lot size, garage, basement development, renovation level, age, condition and location within the community. A recent sale on the same street is not necessarily a good comparable if the properties differ substantially in size, condition or features.

For condos and townhomes, it can be particularly helpful to identify the building or complex. Unit size, floor level, exposure, parking, storage, condo fees, renovations and the timing of the sale can all affect how useful another transaction is as a comparison.

Homeowners considering a sale can also provide details about renovations, additions, basement development, major mechanical upgrades and recent improvements. These characteristics can help distinguish the property from other recently sold homes in the area.

Recent sold prices provide useful market evidence, but one transaction does not establish the current value of another property. A more meaningful comparison considers several relevant sales together with property differences, current competing listings and market conditions.