WE’RE NEAR THE END OF ANOTHER YEAR....
this one sure went by fast!
The market is doing very well. I think that Buyers are worried about three things: interest rates going up, prices going up and selection has been low which all creates a nervous market.
Most of my listings have only been on the market a short time before an acceptable offer has come in......much to the pleasure of my Sellers! The Buyers I have worked with have reacted quickly, but with well thought out purchases. We have done our homework for several months before we have put on Offer in on a home.
The statistics have come out for another month and it shows that sales have increased by +18.99% from 2012-2013. Our inventory for Calgary is still lower from a year earlier at -16.05%. The average price has risen by +5.76^ compared to November 2012. It is important to note that new listings have risen also by 12% from last year but remain below long term trends.
Please find enclosed November sales (info supplied by CREB). I also hope you have all received the 2014 Calendars I sent out last month.
If you know of anyone who is thinking of buying or selling, I would appreciate you passing my name onto them. Thank you for all the referrals!
Sutton Group Canwest
Text: (403) 804-8007
Office: (403) 208-7788
Celebrating 25 years of Real Estate Service in the Calgary area