Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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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.

 

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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.