OCTOBER 2011

Happy Monday and welcome to the beginning of fall/winter, it’s almost time to put away the golf clubs and bring out the mountain gear.... ALMOST!

 

Calgary’s Real Estate continues to show improvement! 

 

 

According to figures released today by CREB® (Calgary Real Estate Board), residential sales continued to gain momentum in Calgary this year, totaling 14,832 after the first three quarters, a seven per cent per cent rise over last year.

 

Single family home sales totaled 1,036 for the month of September, 2011, an eight per cent increase over last September. Year-to-date sales totaled 10,518 units a 10 per cent increase over last year. Monthly gains in listings brings inventory to 4,753 units, a level still lower than the previous year.

 

After the first three quarters of this year, condominium sales totaled 4,314, a two per cent rise over the same period last year. “While the increase is modest, it is a move in the right direction,” says Bob Jablonski, president-elect of CREB®, adding that a boost in condominium sales, along with a lower number of listings is helping to tighten this market. At the end of September, 2011, condominium inventories totaled 2,008 units compared to 2,204 units recorded in September 2010.

 

 

Thank you for taking the time to check out my news letter and as always, please don’t hesitate to contact me for all of your real estate needs. Thank you!

 

 

Sales: 

Sep 2011 - 1,885

Sep 2010 - 1,672

 

YTD 2011 - 18,564

YTD 2010 - 17,481

 

Ave price:

Sep 2011 - $419,632

Sep 2010 - $410,707

 

YTD 2011 - $416,383

YTD 2010 - $412,451

Daniel Fach

Daniel Fach

Associate
CENTURY 21 Bravo Realty
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