I’ve been accused of living in DREAMLAND on Garth Turner’s blog because I’m reporting statistics which don’t conform to the downward trend of sales in the rest of the country. I have no opinion on whether the Calgary market is good or bad, positive or negative. It is what it is. It depends on where you sit. Are you a buyer, a seller, moving up, or moving away? Your personal circumstances will determine how you feel. I’m not going to spin things in order to please a constituency with an agenda. You’ll be able to make a wiser decison about your activities in the market if you have the facts, and here they are:
As I’ve oft repeated in the past, if inventory stays low, it will continue to put upward pressure on prices. Sales numbers are pretty consistent with the past 3 years, but would be much higher if there were more listings coming onto the market.
Over the past two days, 15% of sales have been for list price or higher. A home in Somerset sold yesterday for $3,100 over list price. It was listed for $319,900 and sold for $323,000, and had a conditional sale after one day on the market.