Market up-date

Posted by Ken Eddy on Monday, October 3rd, 2016 at 4:21pm.

Detached sales in Calgary totaled 8835 so far this year, which is 5.2 % below last year. Despite aggregate declines, sales activity for detached properties improved in the City Centre, North West and West areas of the city. We have seen this first hand with buyers we have looking in those areas, as many new properties have come on the  market and sold very quickly, sometimes with competing offers. On the flip side, apartment sales continue to be weak with sales having declined by 19% this year while inventory has increased by 18% on average. The type of market conditions being experienced continues to depend on what type of property it is and what price range it is in. As always, if you are curious about what is happening with the market in general, or with your specific neighbourhood, please call or email us anytime, we would love to chat with you about it.

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