Calgary’s real estate market is still climbing back to normal. The newspapers are saying how great the Calgary market is doing and they are correct if you use 2009-2012 sales numbers. The real story is Calgary is still climbing back and has slowly recovering since mid-2010.
The inventory today is quite a bit below normal. This is a low amount of inventory for the beginning of any year. The average price for a single family home in January ended up at $437,769; the average condo price is $280,273 and the average days on market for a listing in January was about 47 days.
Country residential property sales remained constant year over year and a rock solid year is expected.
With net migration happening in Alberta again, the price of oil and gas and the fact that 20% more properties sold for more than a million dollars in 2012 than in the past few years it seems as if this market will continue to grow.
If you’re thinking about buying or selling real estate again in Calgary this could be a good time to reengage. Timing might be perfect to move across the market, move up in this market or sell your home and buy a place in BC or the U.S.A.
The following are MLS sales and the average sale prices for all properties in Calgary in the past few years.
If you are thinking of buying or selling Real Estate anywhere, please give me a call I would like to help.
Keller Williams Real Estate
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information provided by the Calgary real estate board. Opinions are by Rod