February 2013 market report for Calgary Alberta Real Estate
Calgary experienced significant growth from 2004 through 2007 in the employment sector and shortages in housing supply ultimately created a sellers’ market. This activity drove up prices at rate that has not been seen in Calgary since the late 70’s.
Today (March 2013) Calgary is performing at the 10 year average for the number of sales in every sector except one (Luxury Home Sales are up 23%), Single family Homes, Country Residential Properties, Condos and outlying communities. Prices in and around Calgary still remain 14 per cent below the benchmark peak levels of 2007.
When you are looking at the average price in the Calgary Market the prices are a bit skewed because, Luxury Properties over $800,000 dollars are up in unit sales 23% this year 2013 over last year 2012 sales numbers.
Please stay tuned for individual market reports/ Single Family Calgary Homes //Luxury Homes in Calgary // Country Residential Properties including, Bearspaw and Springbank // Calgary Condominiums // Surrounding towns close to Calgary.
Hope you find this information useful,
Rod Forsythe // Managing Partner // The Forsythe Group
Keller Williams // Calgary Alberta Canada 403.777.1040
#1 Agent for Keller Williams in Alberta 2010, 2011, 2012