Calgary Home Prices Remain Stable
By MARKUS ERMISCH, SUN MEDIA
The average price of a single-family home in Calgary remained largely unchanged last month.
The Calgary Real Estate Board said yesterday that in January, the average MLS price in that category totalled $414,466, which is less than 1% lower than the price the same home would have fetched in December.
Sales of single-family homes, however, rose nearly 20% in January to 538 units, compared to 449 units sold in December last year.
December usually is a month of slow sales as people focus on Christmas. Inclement weather and poor driving conditions had further driven sales below normal levels.
As of yesterday, there were 4,056 active listings of single-family homes in the Calgary metro area. CREB anticipates new listings, which have been declining slowly since peaking last May, will rise again this spring, leading to what realtors call a "buyers' market," or plenty of choice for potential buyers.
The average price of a single-family home in Calgary remained largely unchanged last month.
The Calgary Real Estate Board said yesterday that in January, the average MLS price in that category totalled $414,466, which is less than 1% lower than the price the same home would have fetched in December.
Sales of single-family homes, however, rose nearly 20% in January to 538 units, compared to 449 units sold in December last year.
December usually is a month of slow sales as people focus on Christmas. Inclement weather and poor driving conditions had further driven sales below normal levels.
As of yesterday, there were 4,056 active listings of single-family homes in the Calgary metro area. CREB anticipates new listings, which have been declining slowly since peaking last May, will rise again this spring, leading to what realtors call a "buyers' market," or plenty of choice for potential buyers.
Labels: Housing Market
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