Sales & Prices in Calgary Area Climbing
Ball Is In Sellers Court & Buyers are Ready to Compete
With listing inventory 20 % lower than this time last year & pricing approximately seven percent higher overall our market is trending towards a selling market. Buyers have less time to contemplate their purchase without losing out on their ideal home do to low inventory & are more motivated to negotiate. We should enter into a stable market come later in the fall. According to the Calgary Real Estate Board, month-to-date as of August 20, 2013, total MLS sales of 945 were 32.17 per cent higher than the same period last year and the average sale price was up 13 per cent to $455,688. Canada Mortgage and Housing Corp. forecast MLS sales in the Calgary census metropolitan area to rise to 27,800 transactions this year from 26,634 in 2012. Sales are expected to jump to 28,300 in 2014.
If you were contemplating selling, now would be the time to put a plan into action.