It’s been an interesting week in the Calgary real estate market. If you’ve been reading headlines in the papers such as the Calgary Herald you will notice there seems to be some stir in the market with the slight suggestion that things are picking up. I am not sure how much earth shattering news there is to report on the Calgary real estate market other than Vince Vaughn is engaged to Kyla Weber a Calgary Realtor. On the more serious side, sales seem to be up a little and the market does appear more active than a couple weeks ago. Why is this happening? My best guess is that buyers are getting enticed to buy homes since the bank of Canada reduced it’s lending rate again.
All things considered the market isn’t as bad as it could be. We are still sitting at a much lower inventory level than expected and homes are selling as long as they are prices sensibly.
To give you an idea of what the market is doing here are the latest stats for March 2nd -8th 2009.
Weekly Absorption Rate Unit Sales vs. Active Listings – Single Family Homes and Condos
Weekly Absorption Rate Unit Sales vs. Active Listings – 30 Day Average
Average Weekly Sales Price Trend 2000 – 2008 vs. 2009
MLS Average SOLD Price Week By Week 2009 vs. 2008 – Condos & Single Family Homes
MLS Sales Volume Week Over Week 2009 vs. 2008
Nevin Van Nest . Calgary Realtor . Royal LePage Foothills