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May Calgary Sales Surge

Posted by Jim Sparrow on Friday, May 15th, 2009 at 3:04pm.

Jim Sparrow Calgary Real EstateStats released from the Calgary Real Estate Board (CREB) today show Calgary metro sales are 14.7% higher than the same period in 2008 (May 1st thru May 13th).

 

  • Metro Calgary Single family sales totaled 619 vs 585 last year
  • Metro Calgary Condo sales totaled 276 vs 195 last year

Total metro Calgary listings *houses & condos currently listed on Calgary MLS* are 6,183 vs 10,800 same time last year (a 42.7% drop YOY)

Calgary stats are updated each Friday and can be viewed @ Calgary Market Stats

 

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.

4 Responses to "May Calgary Sales Surge"

Tracey wrote: are these stats reliable? why the surge in sales?

Posted on Friday, May 15th, 2009 at 10:23pm.

Jim Sparrow wrote: @Tracey - the stats are accurate and reflect a couple of things: - Buyers moving back into the market; - A growing number of first-time buyers taking advantage of the historically low mortgage rates and much improved Calgary market affordability. Yesterday (Friday) there were 135 metro Calgary houses & condos firm sales - a number not seen in over 9 months.

Posted on Saturday, May 16th, 2009 at 4:07am.

Drew wrote: Great information and statistics you offer on your site. Hope the positive sales trend continues to help keep the Calgary economy moving forward .

Posted on Sunday, May 31st, 2009 at 9:25am.

Calgary Real Estate wrote: @Drew - thanks for stopping by! Calgary metro sales just topped 2,220 units (houses & condo), which is nearly 20% more than May 2008. Oil bottomed out months ago and things are starting to look better here. More & more people are beginning to realize that mortgage rates won't be staying @ their 70-year lows much longer, and inflation will be rearing it's ugly head in a huge way 18 months down the road (look for double digit inflation, which means interest rates will be even higher than that). What are things looking like in southern California?

Posted on Sunday, May 31st, 2009 at 9:57am.

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