March 1-14, 2012 Calgary Real Estate Update

Mortgage wars have produced rates at record lows as banks battle for market share.   In this respect, it’s a buyers dream.   Unfortunately, the Calgary market hasn’t been quite as cooperative as inventory levels remain low resulting in an increased number of multiple offers and homes selling above list price.

Sales are tracking close to last years level but with fewer homes available.  As of yesterday,  SFH inventory was down -14% from last year while condo inventory was down nearly -10% and has been trending lower for consecutive years.

Note: my 2009-2011 SFH active listings calculations included  vacant lots in the totals.  For comparison, there are currently 68 vacant lots for sale, bringing the total into the 3300’s, but still well below previous years.

Single family homes sales in the first two weeks of March are up 4.41% while condo sales are down -5%

For more in-depth Calgary real estate statistics, please visit my webpage:

Please feel free to post your comment or question

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s