Housing Market Stats
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Summer of 2023 Calgary Real Estate
The Calgary Real Estate Market The summer of 2023 has been interesting, to say the least. Less than one month’s supply of homes for sale at any given time. Sellers have been on vacation. The sellers that were not hanging out at the beach, have had the market to themselves. Every listing has…
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June 2023 Stats
Sellers Market remains strong in Calgary. Buyers are bidding prices higher as they fight for a home in Calgary’s low inventory housing market. Mortgage fine print concerning mortgage portability and payout penalties could help with the low inventory situation. Lots of would-be sellers are anchored to the mortgage, not the house. They would…
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Calgary Foreclosure Sales Report
Here is a report of the most recent foreclosure sales. Some of the foreclosure questions we ask and answer in this Calgary Home Sales Report are: We want to know who the seller is and what they have been willing to accept in the past before we write an offer to purchase on…
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Real Estate Market Feb 2023
How’s the Calgary Real Estate Market? Feb 2023, the Calgary Real Estate Market is favouring home sellers. Low inventory of all home types has the sellers driving the bus going into the 2023 spring housing market. The current low supply of homes on the market will keep prices firm even though the cost…
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Sellers Market – Jan 2023
Low resale inventory in all Calgary home types combined with steady property sales has created a home seller’s market as of January 25, 2023. Calgary Home Sellers are in control when the resale inventory of homes drops below a few months’ supply. The Supply & Demand chart below has a lot of information…
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Home Prices Heading South in Calgary
Mortgage Interest Rates are the Number One Cause of Price Changes in the Calgary Real Estate Market. Interest Rates cause home price changes that cause monthly payment changes. The money market controls the home market. The money market is subject to world events, government reactions, and overreactions. One thing is for sure; almost…
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2022 Oct Market Stats
October 2022 ended with 4,017 homes left on the Calgary Real Estate Market. Sales and listings are both down from October 2021. The daily average units sold was down vs last year. However, the percentage of total listings was up from 42% to 46%.
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2022 Sept Market Stats
The Calgary Real Estate Market in September of 2022 saw Detached Home Sales get Hammered by Higher Interest Rates while the same Higher Mortgage Interest Rates Prop Up Condo Sales.
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2022 July Market Stats
Calgary Home Sales – July 2022 Stats All Calgary Homes – Detached, Attached, and Condos July 2022 Calgary Home Sales at 42% of Listings Sold continues to favour home sellers. The Calgary Real Estate Board, right or wrong, considers a three-month supply of inventory a balanced market. Over 33%, they say, is a…