Market update Aug 2014

Calgary continues to experience a shortage of inventory with 17% fewer listings than normal for this time of year. There is only a 60-day supply of single family homes on the market. In the lower price ranges, it’s even more severe. For homes priced under $500,000, there is only a 42-day supply.

Inventory vs sales and price2

Despite the shortage of listings, it was the third-best August ever for SFH sales(second-best for overall sales due to strong condo sales).

If you had any doubts about the lack of inventory, bidding wars are still going strong with 18% of sales for list price or higher.

If you bought an average home in Calgary in Aug 2013, the price has increased $29,100 in the past year.

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One response to “Market update Aug 2014

  1. rofl, stop, stop, Bob

    You’re making Turner look like such a novice, of course he’s spouting off the same ol same ol and his readership is eating it up like it’s gospel ( even after 6 years of being dead wrong)..

    I’m sure Turner turned his little anti-RE blog and business into a FA empire, most are not even watching the real Turner show

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