There is little doubt that all the layoffs and negative news about our economy are having an effect on housing prices in Calgary. Sales are way down when compared to this time last year for both condos and single family homes. Having said that, good homes are selling and the market is not at a complete standstill. If you are a seller, you need to make sure your home shows as well as possible and you have to price it right. Buyers have a lot of choice and can afford to wait for that perfect property.
It took an average of 37 days to sell a single family home in the month of September with an average price of $523,429 which is down by 2.6% when compared to August of this year, but down by 8.78% when compared to September of 2014. There were 3,012 active listings with 905 homes sold.
On the condo front, the average price was $296,671 which was actually a slight increase from August but down by 9% compared to September of last year. It took on average 49 days to sell a condo in Calgary in the month of September and the number of active listings was 1,282 with only 259 of those being sold.
Here is our handy infographic
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