Calgary has been considered on of the best cities to live in Canada for some time now. Recently with the strength of Alberta's and Calgary's oil & gas industry improving this has created a booming economy all around, with jobs and opportunities abound in all industries. This has also had a positive impact on the Calgary real estate market, with real estate investment being beneficial. This is a a trend analysts expect to continue for years.
Prior to 2007 Calgary real estate home prices rose by an increadible and inprecidented 118%! After the recession in 2008 the local real estate market was sluggish, with both single family and condo properties giving back some of the gains realized in the earlier boom.
2012 was an increadible year for Calgary & area real estate, with the highest number of sales completed since the 2007 boom and marked a new high for average home prices.
Higher sales volume & prices have continued through to 2013, with volumes up 10% over last year's numbers and both average & median single family sale prices reaching new record levels. November 2013 metro sales for the city of Calgary were up 19% vs 2012 numbers.
Calgary property is in high demand. The proof is in the pudding - the average Calgary real estate listing sells in less than 6 weeks. Many of the most desirable properties for sale on the MLS System will sell in a day or a few days. The Calgary & area real estate market promises to be strong through 2013. It is a good time to buy a home, and a good time to sell your home!
If you're searching the Calgary or Okotoks real estate market - get a leg up by working with our experienced and qualified Calgary Real Estate Agent or Okotoks Real Estate Agent. It's a choice that will save you time & money!
Summary of CREB Housing Statistics from November 2013
- Average single family home selling price up 5.8% from November 2012 with the average single family home selling price is $516,446
- Average condo selling price up 4.6% from the same time last year = $326,912
- Average Days on Market (DOM): 39 Days for Single Family Calgary home listings sold
- Total sales for Calgary or homes + condos = 1,730 properties, up 19% from last November
Please fill out our contact form, or call 403-650-7332 for assistance anytime you need to know more about Okotoks real estate or Calgary real estate or any property that interests you. When you're ready to take the next step toward purchasing a home, we're here to help!