Market Update Mar 1 – 21, 2013

The March median price will break all previous records. It’s surprising to see that sales are up considering the inventory shortage.

Inventory vs sales and price
20% of homes sold in the past 2 days went for list price or higher. A 1931 Mt Pleasant bungalow which was listed for $449,900 sold for $502,100. It had an accepted offer in 1 day.

It’s a hot seller’s market for homes in the 0 – $400,000 price range, with only a 35-day supply of inventory. Also in that price range, 78% of all new listings are selling within 30 days.

For homes above $400,000, there’s a 72-day supply.

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Alberta’s population is closing the gap with BC. If both provinces continue to grow at the same rate as last year, Alberta will surpass B.C. and become the third largest province within eight years. Alberta’s population growth is best

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One response to “Market Update Mar 1 – 21, 2013

  1. Great to see the prices continuously going up. I’m still waiting to sell my house in Regina, we’re quite a ways from where Calgary’s at. Thanks for the always informative update.

    Ash

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