This is the time of year when the housing market in Calgary Alberta typically begins to cool down. People are getting ready for Christmas, and getting ready for vacations rather than moving. However this year has been really unusual to say the least. The recession, followed by low housing prices and historically low interest rates has changed everything that we might consider usual in the Calgary Real Estate Market. Even now, my own business has been busier than it has been all year.
Here's a snap shot of the real estate activity for November 2009 in one of Calgary's great lake communities, Lake Sundance:
Throughout November, there were around 22 homes for sale at any given time. 11 Homes sold in November, and 2 are currently under contract or "Conditionally Sold."
The Average selling price in Lake Sundance was $407,072 and the Median for November was $351,000.
As in many Calgary communities, the homes under the $350,000 mark are showing real activity. Currently out of the 22 properties listed for sale on MLS for Lake Sundance, only 5 are under $350,000. In working with my buyer clients, this is where I'm seeing price increases. When ever the least expensive home in each community is sold, they leave behind the higher priced homes for the remaining buyers to choose from.
Check out the homes for sale in Lake Sundance right now. Visit www.lakesundancehomes.com
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