January's Calgary Real Estate Update

Here are?January?s?Calgary Real Estate numbers which are listed below. The?numbers demonstrate that it continues to be a buyer?s market with over 4 months of inventory, but nearing balance.

Overall Calgary Real Estate Market

• YTD Single Family and Condominium sales totaled?1,078
• This was a?1%?increase over 2011
• Year-to-date listings remain lower than last year

Calgary Single Family Homes

• Single Family sales were?773
• Single Family sale numbers where down?1%?over 2011
• Single Family Calgary home average price -?$438,683
• Single Family Calgary home median price -?$395,000
• Absorption Rate at?3.8?months of inventory

Calgary Condominiums

• Condominium sales were?310
• Condominium sale numbers down?3%?over 2011
• Condominiums in Calgary average price -?$280,155
• Condominiums in Calgary median price -?$257,875
• Absorption Rate at?4.2?months of inventory

Check out the next?First Time Buyer?s Event?on February 29, 2012. This event will be full of valuable information for the home buying process. Don?t miss out, get your tickets?here.?Looking for more detail or specific community statistics? Let me know and I will be happy to provide you what you need.

Source: http://needlav.com/januarys-calgary-real-estate-update.html

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