Calgary Real Estate data is out!
Here’s a quick summary:
- The detached housing market under $500,000 is seeing some relevant strength.
- For the last three years, total sales are up year to date for the price range of $200K – $299K and the price range $300K – $399K.
- In the price range $400 – $499K total sales are up year over year, but not for the previous three years.
- The remaining higher price ranges are all showing less sales for the past three years.
- Apartment sales continue to improve and new listings easing off.
- Sales are mainly coming from North, West and South East sectors.
- Overall, apartment prices are down over two percent year over year and seventeen percent lower than peak pricing.
Detached Housing Data:
Apartment Data:
Conclusion:
I’m noticing more and more clustering of data that I interpret as market stabilization and flattening out.
I think over time this will trickle into becoming the Real Estate market narrative in Calgary’s media.
Market price stability is one angle to provide potential buyers with confidence to purchase a home. I think another area of confidence needed to purchase a home is income stability. That’s a different story.
Thank you for continuing to refer my service.
Do you have any questions?
Cheers,
Chad Moore
P.S
If you like this content, and think to yourself, you know what – I want this person to help arrange my Mortgage and do all the work for me. Then we can do just that!!
Head over to: www.mymortgagewithchad.com. There you will see a form I created so we can schedule a time to chat.
This is A LOT of money for you – hundreds of thousands of dollars. Let’s get this right. Head over to www.mymortgagewithchad.com to get started.
