FALL IS DEFINITELY IN THE AIR, AND CALGARY REAL ESTATE REMAINS STEADY!
The Calgary housing market remains one of the strongest markets in the country! Much of Calgary’s economy is based on the prices of our natural resources and that may cause a slight cooling down of the market, however our population growth continues to push the demand for housing.
Home sales show a year over year increase from last year of 6.26% with 18.88% more homes available for sale on the open market. The trend shows a higher sale price with fewer days on the market. Condo sales in the downtown core are selling before they are even built, for example in Eau Claire and East Village areas.
2014 is expected to show record sales of both new homes and resale homes. The average price of a home in October 2014 was $488,231. While higher end homes (over 1 million) are happening more often, it can change the perspective of the average sale price trending of the numbers. Homes under the $400,000 price range are becoming harder to find, making it more difficult for new home buyers to get into the market.
Please find enclosed October sales (info supplied by CREB). I would also like to remind you about my web site. In it you will find easy access numbers and web sites for all of your real estate buying, selling and home owner needs. Please go to: www.docwatson.ca
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! Have a great month!
“Doc” Watson, Realtor
Sutton Group Canwest
Text: (403) 804-8007
Office: (403) 208-7788
Celebrating over 25 years of Real Estate Service in the Calgary area