Total listing inventory this week came in at 7,400 with 5,014 being single family homes and 2,386 being condo listings. This week listing inventory has dropped 559 listings. But again like last week this drop in inventory is likely do to the seasonal drop in listings we see every year around this time. People just don;t like to have their house on the market during the holiday seasons. The average sale price of a single family home this week was$455,459 and condos came in at $302,377.Please note: These averages do not indicate the average sale price of Calgary real estate. Just the average for the week mentioned.
Totals for November 3rd – November 9th, 2008
Listing Inventory = 7,400
Single Family Home Sales = 156
Condo Sales = 72
Pending Sales = 221
Expired / Terminated Listings = 614 (Very large jump this week. Again this increase in expired amd terminated listings is most likely due to the fact that sellers do not want to show their homes or move over the holidays)
Calgary Real Estate Market Week in Review Chart
Nevin Van Nest . Realtor . Royal LePage Foothills
Your Calgary Real Estate Expert
That saves me. Thanks for being so senislbe!