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9771 Royal Oak Wy NW
$439,900
117, 200 Lincoln Wy NW
$299,900
MLS C3458313
136 Panamount Gdns NW
$499,900
MLS C3455694
173 Saddlecreek Pt NE
$428,700
MLS C3456389
1101,10221 Tuscany Blvd NW
$424,900
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Single
Family |
Jan
2011 |
Dec
2010 |
Nov
2010 | |
Sales |
791 |
734 |
891 | |
*Median Price ($) |
390,000 |
389,000 |
399,000 | |
**Average
Price ($) |
454,163 |
441,341 |
455,460 | |
Days on
Market |
56 |
59 |
52 | |
Month End Inventory |
3,073 |
2,712 |
3,869 |
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Condos |
Jan
2011
|
Dec
2010
|
Nov
2010
| |
Sales |
302 |
320 |
310 | |
*Median Price ($) |
255,000 |
258,500 |
353,300 | |
**Average
Price ($) |
288,291 |
282,768 |
284,667 | |
Days on
Market |
61 |
62 |
57 | |
Month End Inventory |
1,634 |
1,429 |
1,882 |
Source: Calgary Real Estate Board
*Median price is midway between least expensive and most expensive.
**Average price is useful in establishing trends over time, however can be influenced by sales of a few very expensive properties in an community. |
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Dear ,
Where the heck did January go? A belated Happy New Years wishes to all... and just to cover all my bases, here's to a Happy Valentine's Day as well! 
It's been a busy start to the year for the real estate market, with many buyers taking the plunge (in a good way) and sellers listing their homes earlier in the year than usual. Why? I believe the strong economic forecast for Alberta and Calgary is the motivator. The change in mortgage rules may also have encouraged some first time homebuyers to buy before March 18. All in all, a good thing for both buyers and sellers!
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It's that time again!
I have 50 tickets to give away for the Calgary Home & Garden Show on February 24-27.
These tickets are valued at $14 each and if you'd like a couple, let me know and I'll get them to you. A portion of each ticket goes to the CREB Charitable Foundation, in support of local shelter related initiatives - so know that you are doing a good thing - at no cost to you! Last day to order is February 14, so don't delay.
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Real Estate Update
Calgary , February 1, 2011 - Single family home sales in the City of Calgary edged upwards month-over-month and showed the first year-over-year increase since April 2010, according to figures released today by CREB® (Calgary Real Estate Board).
The number of single family home sales in the month of January 2011 were 787, compared with December 2010, when sales were 734 - an increase of about 7 per cent. The number of condominium sales for the month of January 2011 was 297. This was down from the 320 condominium transactions recorded in December 2010.
Year-over-year, the number of single family homes sold in January
2011 in the city of Calgary increased by just over 3 per cent. In January 2010, single family home sales totaled 762. Condominium sales saw a decrease of 21 per cent from the same time a year ago. In January 2010, condominium sales were 376.
"More affordable housing will continue to attract homebuyers to the inner-city, particularly as employment in the city of Calgary continues to improve," says Sano Stante, president of CREB®. "Single family homes in the city are currently driving this gradual recovery, and we are seeing an uptick in the sale of homes below the $350,000 price point. This may suggest more first time homebuyers are entering the market, providing the fuel needed for a sustained housing recovery."
The average price of a single family home in the city of Calgary in January 2011 was $454,287, showing a 3 per cent increase from December 2010, when the average price was $441,341, and a 3 per cent increase from January 2010, when the average price was $441,217. The average price of a condominium in the city of Calgary in January 2011 was $287,954, showing a 2 per cent increase from December 2010, when the average price was $282,768 and a 2 per cent increase over last year, when the average price was $282,639.
The median price of a single family home in the city of Calgar
y for January 2011 was $390,000, showing a slight increase from December 2010 when the median price was $389,000. This was a 2 per cent decrease from January 2010, when the median price was $398,000. The median price of a condominium in January 2011 was $255,000, showing a 1 per cent decrease from December 2010, when the median price was $258,500, and a 4 per cent decrease from January 2010, when it was $265,000.
"The recovery in 2011 will be incremental and gradual. Nonetheless, at the moment Calgary is offering buyers a great deal of affordability, low interest rates and a large selection of inventory," says Stante. "Overall the first quarter of 2011 will show modest improvem
ents in sales which will lay the foundation for the return to a more balanced market," he adds.
Single family listings in the city of Calgary added for the month of January 2011 totaled 1958, an increase of 169 per cent from December 2010 when 728 new listings were added, and showing an increase of 7 per cent from January 2010, when 1822 new listings came to the market.
Condominium new listings in the city of Calgary added for January 2011 were 861, an increase of 141 per cent from December 2010, when 361 condo listings were added to the market. This is a decrease of 9 per cent from January 2010, when new condominium listings added were 951.
"Alberta will begin to see growth in net-migration as the oil and gas sector regains traction. This will help boost consumer confidence and ultimately bring improvements to employment and family income-key drivers of our housing market," says Stante.
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Thinking of buying, selling, investing...
or know someone who is?
The next time you're having a conversation with a friend or family member, and they mention buying or selling a property, please feel free to provide my name and contact information so I can offer my services - or better yet - ask for permission to have me contact them.
My business is built on referrals and I'm never too busy for yours!
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