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I’m currently marketing both 50′ lots and new infills in Altadore, SW and Montgomery, NW.  I thought it would be interesting to compare median prices of a few inner city neighbourhoods.

I went back 6 months and looked at homes that were built since 2009 with a maximum lot frontage of 8 meters (25′) that have been sold:

• In Altadore there have been 13 sales with a median price of $864,492
• In West Hillhurst there have been 7 sales with a median price of $820,000
• In Montgomery, there have been 5 sales with a median price of $533,930.

What is the Median SALE price of a 50′ building lot? (Past 6 months)

• In Altadore, there have been 15 reported MLS sales with a median price of $594,200
• In West Hillhurst there have been 15 sales with a median price of $567,283
• In Montgomery there have been 16 sales with a median price of $320,000

Assuming nothing was to change and you were going to buy land at median price, and sell at median price, where would you buy land in order to sell at the highest profit?

Frequently I knock doors around great properties that I list. I want the neighbors to know when I list a great property … as often they will know someone who wants to move into the neighborhood.

Recently, I was knocking doors recently around a “Just Listed” property in Montgomery and I met the fabulous Janice MacKett of PowerHouse Architecture.

She is currently building a fabulous home on the hill in Montgomery. She also built that cool house on the North Side of the Bow River near Edworthy Park.

… the thought of knocking doors can be a bit painful … however, I always get some great leads … and more importantly meet some great folk.

Here’s a bit about Janice and her biz.
PowerHouse Architecture
Phone: (403) 286-1294
Type of Firm: Architecture

Firm Profile: PowerHouse Architecture is an energetic and progressive design studio specializing in residential architecture and exhibit design. We are committed to creating design solutions that reflect the client’s programming needs and budget. This office has a special interest in providing sustainable designs that focus on building envelope, water conservation, energy use and materials selection in creating an energy efficient and healthy living or work environment.

Special Capabilities:Residential: R-2000, Built Green, Strawbale construction, Energy efficienct design. Exhibit Design and Programming for Interpretive and Discovery Centres.