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Market Report for the past 7 days.

What a difference a week makes.    The active listings in all categories has increased.  The ‘seller’s’ market is shifting.  If you are thinking of selling, I would highly recommend getting the property on the market sooner than later.    Call me for experienced advice.  Gerard at 403-703-5548    

Happy St. Patrick’s Day!!

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Market Update for the past 7 days.

As anticipated, the number of listings in the City of Calgary continue to increase week over week.   This upward trend reflects a bustling real estate market, influenced by a variety of factors such as a growing population, economic opportunities, and a renewed interest in urban living. Buyers and sellers alike are keenly observing these changes, with many eager to seize opportunities in this dynamic environment. As the city expands, new neighborhoods are emerging, each offering unique features and amenities that cater to diverse preferences and lifestyles. Whether you're looking for a vibrant downtown experience or a serene suburban setting, Calgary's real estate landscape is full of potential and promise.

Whether you are upsizing or downsizing, I can help.  Give me a call and we can discuss your real estate needs and next steps.

Gerard at 403-703-5548

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Market Report for the past 7 days

Note that the number of active listings has risen compared to the previous week, showing a steady increase over the past few weeks. If you're considering selling, let's have a conversation sooner rather than later, before the busy spring season kicks in.

Gerard at 403-703-5548

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Market Pulse for the past week.

The recent City of Calgary Housing Report which I shared earlier stated the following in regards to Detached Home:

Driven by gains from homes priced above $600,000, new listings reached 1,228 units in January, which is 29 per cent higher than last year. At the same time, sales activity slowed to 674 units, which brought levels in line with long-term trends. The improvement in new listings relative to sales did help support inventory gains. However, the 1,448 units in inventory are still nearly 27 per cent lower than levels we traditionally see in January, and the months of supply remained relatively low at just over two months. 

The stats above confirm that the inventory levels for single family homes are definitely lower than what we see in January.  This is a good time to consider selling if you are in the market to do so.  Generally the inventory levels start to increase as we get closer to spring.  Give me a call and we can chat about your real estate needs and concerns.  

Gerard at 403-703-5548

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.