Dan Welyk Calgary Realtor® Since 1999

There Is No Substitute for Experience.

Calgary, November 1, 2010 – Home sales in the city of  calgary were down month-over-month in October 2010, showing signs that buyers still remain cautious, despite signs of economic recovery.  Year-over-year sales continued to trend lower in the month of October, according to figures released today by the calgary Real estate board (cReb®)

 

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Calgary, October 1, 2010 – Home sales in the city of Calgary were up month-over-month in September 2010, the first uptick in sales since April 2010. Year over-year sales continued to trend lower in the month of September, but at a pace slower than previous months, according to figures released today by the Calgary Real estate board (CReb®)

 

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Surprisingly, April was somewhat slower of a month than one would have expected.  Certainly nothing to be alarmed about, as the statistics continue to show stability.
 
A little chatter out there in the media about another housing bubble - Calgary does not fit this catagory as the prices over the past year have stabilized - unlike Vancouver where prices have gone up. 
 
April...
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The lastest statistics released from the Calgary Real Estate Board show a consistant trend of stability in our market.  The number of homes selling versus being listed is at 74% - this almost borderline on the high side - however, statistically - March and April are very busy months.  I expect this figure to come back down into the high 60% range when into the June period.
 
The median...
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As the headline says - "Calgary Housing Market Shows Signs of Balance, Not Bubble" - Unable to agree with that statement more!
 
That is exactly what we have been seeing for the past few months now.  There was some immediate hype from the media and of course followed by un-needed concern from the public that the Governments mortgage changes would send our market into a tail spin - causing...
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Calgary saw the expected increase of new listings in January  - we ended the month with approximately 500 more single family homes compared to December.  Expect to see this increase of inventory to continue through February.  We are creeping up to our statistically 'busy' period, if you are considering beating the rush - now is a wise time to list your home!
 

January's snapshot:...

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SnapShot of Calgary's December 2009 Market
Single Family Home (Calgary Metro)    
Month End Inventory   2054
New Listings Added   806
Sales   799
Average Days on Market (sold)   47
Average Days on Market (active)   64
Average Selling Price (Median)   $401,000
Listings to Sales   99.13%
Sales $ to List $   96.91 %
Condo/Townhome (Calgary Metro)    
Month End Inventory   1204
New Listings Added   444
Sales   341
Average Days on Market (sold)   47
Average Days on Market (active)   62
Average Selling Price (Median)   $265,000
Listings to Sales   76.8 %
Sales $ to List $   96.92 %
...
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Do you have an Overland Drainage Canal on your property and are considering selling your home? Are you planning on purchasing a home that has one? If so, this article is for you!
 

When you sell a home, you will be requested to provide a copy of your Real Property Report (RPR) with a current compliance stamp. The real estate purchase contract outlines very clearly that a seller must provide the...

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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