December 21 2011
Calgary Housing Starts Trending Up
According to figures released by CREB ( Calgary Real Estate Board ) Calgary residential sales in November increased 8% over 2010. Single family homes sales totaled 962 for the month.
November liatings have edged lower over last year's levels, decreasing by 2%. Lower listings combined with the increase in sales helped reduce the months of inventory to less than four months.
The year to date average price of a single family home in Calgary is $467,140. Overall, prices remain fairly flat compared to a year ago.
Condominium sales for the first eleven months of 2011 totaled 5,074, a five per cent rise over the same period last year. Inventory levels declined to 1,676 units, pushing down the months of supply. The average price of a condomimium in 2011 was $287,545.
Information provided by CREB ( Calgary Real Estate Board )
Past Newsletters
December 21, 2011
August 2, 2011
April 1, 2011
March 30, 2011
October 19, 2010
April 14, 2010
December 1, 2009
August 17, 2009
May 3, 2009
March 10, 2008