Low inventories, need sellers
Posted on December 15, 2012 by Barry Klatt
Just a quick update out to all my buyers as we go into the holiday season. Currently we are at 3600 houses and condos on the market. In a healthy good market, we would be sitting at about 5500 to 6000 listings, unhealthy would be 7000 and above. These numbers are calculated by my personal searches that I've used over the last 10 years.
What we have is very low inventory which may result in a very busy January market. My suggestion is to be ready, get all your finances together and have a clear idea of exactly what you want. I predict it's going to be a quick start right after the holidays so as soon as we see more inventory come on in the new year, we may have to move fast!
Contact me NOW if you are looking to buy or sell! We can get a head start right after the fireworks!!!
Calgary housing market blooming in May
Posted on May 8, 2012 by Barry Klatt
Posted in calgary real estate market, housing market, mls listings
It’s only one week into May but Calgary’s housing market is showing signs of being on a positive trend.
Sales and prices in all categories are up compared with the first week in May a year ago.
According to the Calgary Real Estate Board, total MLS residential sales in the city of 515 from May 1-7 are a 20.61 per cent hike from the same period last year while the average sale price has risen by 3.60 per cent to $464,824.
In the single-family category, month-to-date has seen 370 MLS sales, up 22.52 per cent from last year and the average sale price has increased by 3.14 per cent to $526,119.
The condo apartment sector has experienced 74 sales for an average price of $287,722. Sales are up 2.78 per cent from a year ago while average sale prices have increased 0.43 per cent.
And the condo townhouse market has seen 71 sales in the first week of May for an average price of $329,989. Sales have increased by 33.96 per cent from the same period a year ago while prices have risen by 3.38 per cent.
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