Looking at the market up to the end of October we've seen sales up 5.29% from last year and new listings also up 5.29% year to-date. The average home price in Calgary is also up 2.06%. Here's the BUT. September sales were down 1.22% and October's by 10.93% while the number of listings in both months has risen by about 10%.
Expectations for the next 90 days are for home prices to remain steady in the single home market and to remain softer in the condo market. Sales are projected to remain similar to last years levels. Sellers will need to be more aware of market competition and price accordingly, as listing counts rise.
Over all the Calgary housing market is fairing well considering the impact our oil industry has had on the over all economy.
We've spent months developing our new look website to provide all our clients with the easiest to use online tools available. There are many new features, the most popular being the easy property search function. Go to the Advanced Search option and quickly and easily you will be able to pick the city, community or map area desired and get a list of all properties for sale.
Let us know what you think. It's been a great summer and at Steele group we are looking forward to a strong fall and winter season. Drop us a line if there is something we can do to help you.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.