mls stats: Calgary Market Report - October 13, 2008
- 10/13/08 05:49 AM
By Andrew Kyle, B.ASc., Realtor A Tale of Two Markets Note: I am late in writing my market report this month (October 13) which is perhaps a good thing, because I am factoring in the latest financial turmoil from the world markets into the below report. The spread between the Single Family (SF) House markets and the Condominium market in Calgary continues to grow, with the difference between the two markets being higher than it has ever been since I have been tracking the data. Condos reached a new high Absorption Rate, and the drop in median price of condos is … (3 comments)
mls stats: Calgary Market Report - August 2008
- 08/10/08 03:37 AM
Strong Buyer's Market Continues The Calgary real estate market remains in territory that I think is best described as a "very much a buyer's market" according to the July 2008 MLS stats. Total Calgary Metro listings at the end of July was 9217, and properties sold was 1848, yielding an overall Absorption Rate of 5.15. (See Chart A and Chart A2) Although the number of listings continues to come down since the "high water mark" of 10,617 in May 2008, there are still far more properties on the market than there are buyers to absorb them. This continues to bring prices … (6 comments)
mls stats: Calgary Weekly Market Update - July 19, 2008
- 07/19/08 03:54 AM
Below is my weekly market stats update. I call your attention to a growing gap between the condo and house markets (see the second chart and the red arrrow). If this trend continues I'll write in detail about it in next month's Monthly Market Report (in about 2 weeks). In the meantime... my advice is be careful if you are selling a condo - it is crucial that it be priced right if you are serious about selling it. For background you may want to read my Monthly Market Report from February 2008 or my blog post here from a few … (1 comments)
mls stats: Weekly Calgary Market Update - July 12, 2008
- 07/12/08 05:37 AM
For the "live" version of this report with interactive graphs click here. What is Absorption Rate? Click here for an explanation Looking for Andrew's Monthly Market Report? Click Here. … (1 comments)
By Andrew Kyle, B.ASc., Realtor A Tale of Two Markets Note: I am late in writing my market report this month (October 13) which is perhaps a good thing, because I am factoring in the latest financial turmoil from the world markets into the below report. The spread between the Single Family (SF) House markets and the Condominium market in Calgary continues to grow, with the difference between the two markets being higher than it has ever been since I have been tracking the data. Condos reached a new high Absorption Rate, and the drop in median price of condos is … (3 comments)
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