Calgary Real Estate Market Stats October 2011
Sales to date are up about 8% over the last 10 months from sales the same period lat year. The biggest increases (over 61% ) were seen in more established communities. Nearly half of the communities recorded average price increases. We can contribute the increase in sales to the boost in job creation we have seen throughout the year. Buyers are of course taking their time to find the right home but are generally feeling more confidence in the Calgary real estate market. A slight increase in average price of only 2% could also be skewed a bit by some higher end homes being sold and bringing the average price up. Generally speaking prices are quite balanced and sellers need to be realistic now more than ever when pricing their homes for sale because buyers have a good selection of choice.