Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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Well, December proved to be a slow month for single family homes with only 449 reported sold - down 47% from December 2007's reported sales.  Our month end inventories dropped significantely as well with quite a number of homes expiring off the market. 
 
Download the full CREB Stats Package - lots of great information.
 

Expect a strong increase of inventory levels at the end of January as many homes will be re-listed - you can also expect to see the number of sales in January to exceed December, more than double I will predict as we see single family starter homes continue to dominate the selling market.

 

SnapShot of Calgary's December Market
Single Family Home (Calgary Metro)    
Month End Inventory   3860
New Listings Added   836
Sales   449
Average Days on Market (sold)   61
Average Days on Market (active)   70
Average Selling Price (Median)   $380.000
List to Sell  Ratio   53.7 %
List $ to Sell $ Ratio   95.37 %
Condo/Townhome (Calgary Metro)    
Month End Inventory   1863
New Listings Added   431
Sales   205
Average Days on Market (sold)   61
Average Days on Market (active)   69
Average Selling Price (Median)   $254,000
List to Sell  Ratio   47.6 %
List $ to Sell $ Ratio   94.65 %

 

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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.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.