Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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Wow!!  March proves to be a strong month for Calgary Real Estate. 

Very clear signs of market stabilization and April is already beginning to look like the same with a solid jump into the month (meaning lots of activity out there!)

A very clear example of sales in March in comparison to January and February - in the community of Canyon Meadows, there have been 10 reported sales for single family, detached homes so far in 2009 (reported by April 01) - 8 (eight) of them sold in March, 2 (two) in January and none in February.  Interesting hey???

If you were wondering if the market was still spiraling downwards, March should clear up that thought! 

SnapShot of Calgary's March's Market
Single Family Home (Calgary Metro)    
Month End Inventory   4369
New Listings Added   2023
Sales   1086
Average Days on Market (sold)   48
Average Days on Market (active)   58
Average Selling Price (Median)   $375,000
List to Sell  Ratio   53.68 %
List $ to Sell $ Ratio   95.61 %
Condo/Townhome (Calgary Metro)    
Month End Inventory   2052
New Listings Added   903
Sales   446
Average Days on Market (sold)   56
Average Days on Market (active)   57
Average Selling Price (Median)   $260,000
List to Sell  Ratio   49.39 %
List $ to Sell $ Ratio   95.15%

Follow this link to view the full March 2009 Calgary Real Estate Board Statistics Package - you will find information broken down to home styles as well as rural communities and surrounding towns.

ALSO - just a quick note of interest!  The average median prices of homes for Jan/Feb/March has remained much the same - Condo's on the other hand, the prices shot up by $20,000!

The list to sell ratio for single family homes is over 50% now - we have not been in the 50%+ range for some time!

The buyer who has been waiting for the market to bottom out before he/she bought...well now is your time!

 

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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.