This being the last update before the new mortgage rules were announced, it will be interesting to see how it changes over the coming weeks. Will there be a huge increase in inventory with sellers desperate to make a sale before the new rules come into effect on July 9?
Posted in Calgary SFH, Market update
Some first-hand evidence of the hot Calgary market. My clients purchased a home on the weekend after looking at six inner-city properties. There were three other new listings on the agenda which we wanted to view, but the homes were sold before we had an opportunity to see them.
Over the weekend, 19% of the sales were for list price or higher.
Posted in Calgary SFH, Market update
We’re finally seeing the first signs of inventory increasing, although the prices are flirting with the all-time highs of 2007. Inventory was down 21% at the end of April.
Posted in Calgary SFH, Market update
Not much change over the past week. Attractive listings are still in demand and are selling fast. While other parts of the country such as Vancouver are finally starting their correction, Calgary’s sales and prices are the highest we’ve seen in five years.
New listings are showing signs of increasing, but inventory is still down substantially from where it usually is at this time of year. Sales are on track to be the best month in five years.
Posted in Calgary SFH, Graph: Sales vs inventory, Market update
The April 2012 stats update can be seen here
From the Calgary Herald Calgary housing maket soars in April
The Herald reports sales are up 26%, but that’s compared to 2011. I feel that it gives a more accurate picture to compare to the 3-year average, as below.
Posted in Calgary Herald, Market update, Month-end
We started seeing more homes being listed this month, but sales have increased even more. Over the past two days, 13% of SFH have sold for list price or higher.
Compared to the 3-year average,
Posted in Calgary SFH, Market update
Sales continue to increase despite a shortage of listings. Compared to the 3-year average, for single family homes
Posted in Market update
Sales are still higher than at any time in the past four years. New listings are struggling to keep up with demand. Yesterday, 10% of the sales went for list price or higher.
Compared to the 3-year average, Continue reading
Posted in Calgary SFH, Market update
The past week has seen an improvement in new listings, although they’re still down 5%. Continue reading
Posted in Market update
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