Real Estate Market in Calgary January 2014
Single family homes (all homes that are not a condo)
Sales for the single family home market have increased from December which were at 772 to 974 sales, but are higher than last January’s sales which were 878. In the past 30 days, we have 1.74 months worth of inventory which would still prove to be a Seller’s market!!
Apartment Condos
Sales for the apartment condo market have increased from December which were at 220 to 260 sales, but are higher than last January’s sales at 204. In the past 30 days, we have 2.24 months worth of inventory which would still prove to be a slight Seller’s market. Seems like the condominium apartment market has seen a price increase since December 2013 of approximately 9.52%.
Townhome Condos
Sales for the town home market have increased from December which were at 179 to 206 sales, and are higher than last January’s sales at 147. In the past 30 days, we have 1.10 months worth of inventory which would still prove to be a certain Seller’s market. Seems like the condominium Townhome market has seen a price increase since December 2013 of approximately 5.64%.
Overall, our number of sales have increased in every category between single family, apartment condo’s and town home condo’s than this time last year. Looks as though the Single Family home market took a slight step back while buyer’s took advantage of the lower prices of condos. We feel the Spring market will be a Seller’s market and will increase in price from this market. Buyer’s... your best prices may be now, but you may have more choice in the Spring. If you feel you find what you are looking for, consider it seriously.