Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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Be sure to keep a very close eye on the market through the remaining days of February and through March.

The list to sell ratios were almost equal for the first 3 weeks of this month so far, now seems to be falling back to a 70/30 ratio with more listings entering than selling.

As mentioned previously in my blog, the home prices are very dependant on these numbers. We saw properties under $300,000 become very scarce, especially in the NW and SW quadrants, now rolling up to March, the number of new listings is slowly creeping back up with quite a few in the entry level market.

The MLS listings in Calgary is sitting at 2504 (not including surrounding communities like Airdrie, Chestermere and Cochrane). Personally, I would like to see 3000. At 3000 MLS listings, we will see much more stability.

I am still unable to see a surge like last year, but do see a steady rise - especially inner city.

 

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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®.
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