Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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The lastest statistics released from the Calgary Real Estate Board show a consistant trend of stability in our market.  The number of homes selling versus being listed is at 74% - this almost borderline on the high side - however, statistically - March and April are very busy months.  I expect this figure to come back down into the high 60% range when into the June period.
 
The median price range for both single family as well as condominium homes went up slightly again - not enough to get excited. 
 

I would also like to touch on recent media reports regarding first time buyers surging into our market because of the new legislative changes that take affect April 19th, 2010 - most specifically some media outlets reporting that rental income will no longer be able to be used towards your total income.  That is incorrect - only a formula based portion has been removed - too confusing to go into the details - the most important factor here is that YES, you can use upwards to 50% of the rental income to count towards your total income.  Silly media get it mixed again...


SnapShot of Calgary's March 2010 Market
Single Family Home (Calgary Metro)    
Month End Inventory   4014
New Listings Added   2988
Sales   1396
Average Days on Market (sold)   33
Average Days on Market (active)   42
Average Selling Price (Median)   $423,000
Listings to Sales   74.45%
Sales $ to List $   97.77%
Condo/Townhome (Calgary Metro)    
Month End Inventory   2148
New Listings Added   1376
Sales   609
Average Days on Market (sold)   39
Average Days on Market (active)   45
Average Selling Price (Median)   $275,500
Listings to Sales   64.06 %
Sales $ to List $   97.32 %

To download the full statistics package, follow this link.


 

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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.
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