This month I posted some information about shopping for a mortgage. It is worth the read. As well, I posted some great resources for getting around calgary on transit and bikepaths.
Some notable numbers from the CREB Stats Package:
“We are seeing improvements in the sale of homes in the higher price points. Homes above $700,000 are selling within an average of 41 days. This is consistent with pre-recession levels,” says Stante.
The average price of single family homes in the City of Calgary in April 2011 was $479,575, a 4 per cent increase from April 2010 levels. Meanwhile, the median price of $420,000 rose by 1 per cent over levels recorded in April 2010. The price differential comes as a result of high end home sales. In April 2011, two single family homes were sold in the price range of $3 million to $4 million, skewing up the monthly average price.
“Condominium listings declined 27 per cent in April, helping to offset a 16 per cent decrease in year-over-year sales. The decline in listings is significant and has helped place downward pressure on inventory levels. This will improve stability in condominiums and begin to move it towards a more balanced market,” says Stante.
Year-to-date condo sales were 1,883, a 13 per cent decline compared to the first four months of 2010. The condominium average price for the month of April 2011 was $289,158, similar to the previous year when condominiums sold for an average of $289,588. The median price for condominiums in the month of April 2011 was $260,000, down 3 per cent compared to the same time last year.
As always, if you have any questions as you prepare to buy or sell your home, give me a call or send me an email anytime.
CREB Real Estate Statistics Package