Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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Single Family Home (Calgary Metro)    
Month End Inventory   3003
New Listings Added   1819
Sales   1285
Average Days on Market (sold)   41
Average Days on Market (active)   54
Average Selling Price (Median)   $410,000
Listings to Sales   70.6 %
Sales $ to List $   97.11 %
Condo/Townhome (Calgary Metro)    
Month End Inventory   1482
New Listings Added   859
Sales   601
Average Days on Market (sold)   44
Average Days on Market (active)   53
Average Selling Price (Median)   $263,500
Listings to Sales   70.0 %
Sales $ to List $   97.06 %

Prices for single family homes went up slightly from September whereas condo and townhomes dipped fractionally.  Key information is the number of listings to the number of sales has increased - month end inventories are down too.  This is a continuing sign of a solid market - it is very safe to say we have 'stabilized'.
Unfortunately, there are still pricing issues out there - though the vast majority of home sellers have loosened their belts and adjusted to the market - helping this stabilziation.
November will be an interesting month - things tend to slow down a little, however I am seeing a increased sign of interest from home sellers - perhaps we will see that inventory jump up a little again.

 

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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.