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 a bubble etc - as we all know, that was garbage. Buyers are still better off now than they were back in 2005 - the only set back were the Investors - the need a minimum 20% down now. This will not affect very many as most investors put down more than that anyway!
So - here are the goods about our Feb Statistics - Listings Up, Sales Up, Days on Market Down, Prices Up very slightly....All the ups are marginal - and normal for a February. Expect much of the same for March!
Check it out...
SnapShot of Calgary's February 2010 Market
| Single Family Home (Calgary Metro) | ||
| Month End Inventory | 3106 | |
| New Listings Added | 2154 | |
| Sales | 1035 | |
| Average Days on Market (sold) | 34 | |
| Average Days on Market (active) | 45 | |
| Average Selling Price (Median) | $411,000 | |
| Listings to Sales | 69.35% | |
| Sales $ to List $ | 97.39% |
|
Condo/Townhome (Calgary Metro) |
|
|
|
Month End Inventory |
|
1741 |
|
New Listings Added |
|
1109 |
|
Sales |
|
536 |
|
Average Days on Market (sold) |
|
43 |
|
Average Days on Market (active) |
|
45 |
|
Average Selling Price (Median) |
|
$265,900 |
|
Listings to Sales |
|
63.70 % |
|
Sales $ to List $ |
|
97.09 % |
As always - download the enitre statistics package here. This will provide not only the metro statistics, but also the rural, out of town and community breakdowns.
