Calgary Homes for SaleDemand for single family homes in Calgary increased in April 2012 with 1,588 total sales compared to 1,217 in April 2011, and an average sold price of $ 483,165 compared to $479,656 in April 2011.

This growth in sales is not met with the same level of increase in new listings.  As a result the single family homes are selling quickly and shifting in the direction of a seller's market,  "placing downward pressure on inventories" according to the Calgary Regional Housing Market Statistics released by CREB. The good supply of houses in Calgary's surrounding area along with the new home inventory are helping to fill the gap between demand and supply!

Condominium sales totaled 621 in April 2012 compared to 534 in April 2011. Enough inventory is keeping this market balanced with an average sold price of $290,348 compared to $289,333 in April 2011. While the spring market showed improvement over the last year, CREB's report noted that the sales and listings activity is below long-term trends.

When you're ready to buy or sell a home in Calgary, we are your real estate agents of choice. Be sure to use our quick and easy search feature. We're the experts, and we're here to help you! Contact the Calgary Home Team today for more information on how we can help you achieve your real estate goals at:403-519-9102 or via email

 

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1 Comments on Calgary Market Report - April 2012

MAY
05
2012
809,276 Points 7 Featured Posts Outside Blog Called Shot Master

Nice to hear that things are picking up in the Calgary market and inventories are dwindling.  A good time to get some fresh new listings.
1:45am • #1


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