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3312, 10221 Tuscany Blvd. NW
$549,900
MLS C3477180
98 Royal Oak Crescent NW
$507,900
MLS C3471336
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Single
Family
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May
2011
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Apr
2011
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Mar
2011
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Sales
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1,313
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1,217
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1,355
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*Median Price ($)
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423,000
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420,000
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400,000
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**Average
Price ($)
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489,482
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479,575
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462,947
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Days on
Market
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41
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41
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39
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Month End Inventory
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4,616
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4,395
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4,024
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Condos
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May
2011
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Apr
2011
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Mar
2011
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Sales
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503
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535
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581
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*Median Price ($)
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286,500
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260,000
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256,000
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**Average
Price ($)
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287,500
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289,158
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280,781
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Days on
Market
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49
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53
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50
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Month End Inventory
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2,092
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2,005
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1,913
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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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About Shelley
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Shelley Soles, SRES, ABR, CCS is a real estate professional that is committed to make a positive difference in people's life, whether it's helping them find the ideal home or assisting in transition through the sale of a property. Certified Condominium Specialist (CCS) Accredited Buyers Representative (ABR) Seniors Real Estate Specialist (SRES) |
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Dear ,
Just a few more days until summer officially begins....let the sun and heat come on in! We're all ready for some stable summer weather so we can enjoy life outdoors.
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It's been an interesting spring in the real estate industry. The flurry of homebuyers securing their mortgages before the new rules came into play in March... then homes in higher price points (above $700,000) selling on average in 41 days, which is consistent with pre-recession levels... and currently we're seeing higher sales in and demand for inner city property.
There are many positive signs for buyers and sellers these days with a forecasted increase in migration to Calgary, mortgage rates remaining low and confidence in our city's economy.
A recent BMO Capital Markets report detailing the state of various real estate markets across Canada states that over the last 10 years average home prices in Calgary have increased by 127 per cent, slightly above the national average of 122 per cent.
Let's go way back... here's an interesting look at prices going back to 1974.
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Real Estate Update
Inner city HOUSING MARKET LEADS IN SALES
Buyers find value in inner city communities
Calgary, June 1, 2011 - According to figures released today by CREB® (Calgary Real Estate Board), year-to-date residential sales in the inner city grew nearly 4 per cent, outperforming the city wide average. City of Calgary residential sales totaled 1,816 in May 2011, a 2 per cent increase in volume over May 2010. However, slower early spring sales resulted in the overall year-to-date sales being 3 per cent lower than the 2010 spring market.
 As the city grows, improvements in the inner city communities are consistent with changing preferences in lifestyle options.
"Consumers are looking for shorter commute times to work and easy access to a wider range of services provided by these inner city communities," says Sano Stante, president of CREB®.
Read more |
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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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Royal LePage Benchmark
403.830.6646
This communication is not intended to cause or induce a breach of an existing agency agreement.
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