Statistics for the month of March 2010 show the Calgary real estate market is back on track with sales figures & average house prices nearly the same as 2 years ago *March 2008 number of Calgary home sales 1,418 vs 1,396 March 2010; March 2008 Avg Sale Price $474,513 vs $471,268 March 2010*. I don’t believe comparisons with the first half of 2009 have much relevance as the market numbers were skewed by the worldwide recession.
vs Mar 09
vs Mar 08
vs Mar 07
Calgary house sales
Avg house price
Days on market: house
Calgary condo sales
Avg condo price
Days on market: condo
Total Calgary Sales
The Calgary condo market hasn't fared quite as well looking back 2-3 years, and with many new Calgary condos coming onto the market over the next 12 months, this sector will continue to be challenged by over-supply.
While my crystal ball is no more effective than yours, I’d be surprised if Calgary house prices don’t continue to show strength through the next quarter. Spring and early summer markets are historically the strongest part of the year for Calgary real estate sales, both in terms of sale price and number of properties sold. That being said, metro Calgary listings *inventory* continues to build. Currently there are 6,300 Calgary real estate listings, the equivalent of 3.1 months of inventory. Growing inventory (supply) will help keep price increases in check as we move through the busy April - July phase of the market.
You can find all Calgary real estate statistics on our website *CREB's monthly summary of the Calgary real estate market - pdf format*
Upsizing? Downsizing? Moving to the city? View all new Calgary real estate listings each day
If you're looking to sell or buy, do not hesitate to contact us.
We are prepared to work hard ensuring that your needs are met and that the result is more than you were hoping for. Nothing gives us more pleasure than your success and being with you through major life changes.