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
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