Calgary’s metro real estate market is still trending the same as last year so far. As at the end of February 2011 compared to February 2010, we saw plus 134 single family homes sell. The single family home market witnessed the average price stay very close to last year but noted the median price fall 3%.
Condos saw negative 68 condos sell in metro Calgary. The average price increased and the median price stayed pretty much the same.
If we look at last years trend, our Spring market slowly started to speed up by the end of February 2010 and lasted throughout March and April 2010. After reaching close to 1350 - 1400 sales in these two months, we quickly learned it wasn’t going to last with May 2010 dropping to 1221 sales and quickly losing momentum after that.
We feel the market is still looking familiar to last years market, and hind site is 20/20. Keeping this in mind, do what you must do to ensure your home is in our next years market trend of sales.