Calgary Real Estate Market Update - Dec 4, 2012

If anyone was out looking at houses this weekend, they must have been rather serious about buying a house. I mean, who else would brave inches of snow, freezing temperatures and icy streets.

That being said, there wasn't a large inventory of homes for them to look at so if you are interested in selling your home and you present a warm, cared for home at a well priced value, you will see interest. With the record number of sales of luxury homes, this is especially true for unique and exceptional estate properties.

I've spoken to a few families now that are considering waiting until the spring to either list or buy a home. While the spring sees more movement in terms of volume of sales, there are also more buyers and sellers out there so I always suggest people make the move when they find the right home or when it's the best time for them. Otherwise, begin the preparations early so that when you do feel the time is right, you are ready to move forward.

If you are selling a home this winter, remember to turn up the thermostat a bit, put out a large front mat and clear the driveway. We can't see your beautiful landscaping so set out a book of photos to show off your summer garden and deck.

The numbers:

Residential sales in the City of Calgary have increased by 15 per cent on a year-to-date basis, and were up 8-per-cent in November compared to the same month in 2011.


Nearly eight consecutive months of double-digit, year-over-year sales growth has caused inventory levels to decline because new listings have not kept up. However, the ratio between sales and inventory indicates the market remains in balanced territory.

Read the full CREB Press Release and Statistics Package

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
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