At the beginning of each month, the Calgary Real Estate Board releases a summary of what went on in the Calgary Real Estate market the previous month. These summaries are a fantastic way to stay up to date on what is going on in real estate. They are particularly valuable to those of you in the process of buying, selling or investing. Even if you are just beginning to consider a making a move, you should be checking out the Calgary Real Estate Board for information that will ensure you make informed decisions.
In today's market it is more important than ever to make educated, strategic decisions. One way you can do this is to keep up to date on market going ons with helpful information from places like the Calgary Real Estate Board. The other way you can do this is to partner with me, Ken Richter. As a professional real estate agent with 30+ years of experience helping people buy and sell in all markets, my experience can be your advantage. Call me today at 403-630-6363 or email me at Ken@KenRichter.com so we can begin to plan how best to get you the most out of this market.
Here are some of the highlights from February's Calgary real estate market summary:
- "With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer-term trends and consistent with the lower levels reported over the past five years."
- CREB® chief economist Ann-Marie Lurie clarifies, "this should not diminish the fact that conditions are still improving. Calgary is continuing to see slow reductions in the amount of oversupply in the market, from modest changes in demand and reductions in supply. This needs to occur before we can see more stability in prices.”
- The overall unadjusted benchmark price was $416,900 in February. This is similar to last month, but nearly one per cent below last year’s levels. Overall, prices remain nearly 11 per cent below the monthly high recorded in 2014.
Your Real Estate Professional,