Weekly Market Update – April 28, 2009
Filed Under Calgary Real Estate Stats, Weekly Market Update · Tagged: Calgary Real Estate, Calgary Real Estate Market, real estate, weekly calgary real estate stats, Weekly Market Update
Over the past week we have seen the number of sales and showings increase across the board. Single Family home sales rose over the last week while Condo sales dipped. Another great point, is that over the past couple months, since January 2009 to be exact, we have seen the Median price of Single Family homes stay very constant around $380,000. The Condo Median prices however have had a bigger ride ranging from $249,000 up to $260,000 since January 2009.
We should expect to see the listing count stay constant with the sales per week rising into the mid 500s as Spring season is now upon us. As well, we should see the number of showings starting to rise per week as more buyers are starting to look more seriously.
BUYERS:
There are some great purchases out there right now. With interests rate at amazing low’s, and home prices back to decent levels, this is your time to get into the market.
SELLERS:
In order to be successful in this market, you need to have a home that shows well and is priced well. Don’t try to test the market in terms of price, as it could hurt you in the end.
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