Resale Housing Laying Foundations for Recovery.
Calgary Estate Board
House Prices in
Calgary, March, 2009 –
It looks like Calgary’s housing market is again on the the upswing.
Recent figures by the Calgary
Real Estate board suggest that that both resale prices and inventory
are stabilizing following the recent market correction and downturn.
In February 2009 the average price
of a single family Calgary metro home was $415,568, showing an
increase of 0.6 per cent from January 2009, when the average price
was $413,049 and showing a decrease of 12 per cent from February
2008 when the average price was $471,696. The average price of a
Calgary metro condominium was $268,971, showing a 0.7 per cent
decrease from January 2009 when the average price was $270,940 and
showing a decrease of about 13 per cent over last year, when the
average price was $311,812.
For home buyers all this coupled
with the lowest interest rates in history is providing unparalleled
buying opportunities. However just how long these opportunities will
last is uncertain.
The hope now in the industry is
that growth remains at a steady level which unlike the wild upsurge
of 2007/8 is sustainable.
specialist buyers agent If
you would like me to help you find the ideal home in Calgary at the
price you want to pay click here or call me
directly on (403) 383-8025
Diane Kelly is a licensed real estate agent, member of the Calgary
Real Estate Board and TALKCalgary columnist.
For further information contact:
Discover Real Estate (403) 383-8025
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writing by Steve Kelly or as credited.
Calgary Real Estate consultant Diane Kelly, Discover Real Estate Ltd,