Quote:
|
Interesting stats from the CREB. it's showing pricing is still down somewhat from last year, but inventories are clearing out, and sales are increasing. Average prices are coming up a little since the start of the year as well.
|
Looking like August will end at about 1300 SFH sales, down a couple hundred from last month. Although there are often more sales at the end of the month, so we'll see.
The average was highly influenced by the 10.5 million sale, I believe it pushed it up by over 12 grand. Median is up about 10 grand over last month though.
http://www.findcalgary.ca/listings?p...=127&pageId=19
^^ favorite site for up to date Calgary stats
From personal experience, having watched certain areas for the past year or so, there's just been absolutely *nothing* come on to the market that we've wanted to take a look at in the past 4-5 months.
Mind you, we are looking at very select areas, but in the 6 months before that there were at least 5-10 houses per month that would pop up that looked intriguing.
We're waiting for some quality inventory to return.
In other news, mortgage arrears in Alberta continue to climb...
http://edmontonhousingbust.blogspot....ll-behind.html
Natural gas continues to fall...
Unemployment continues to climb...
http://www40.statcan.gc.ca/l01/cst01/indi02j-eng.htm
Rig counts are down over 50% from last year...
http://www.caodc.ca/rigcounts.htm#wkwestdrill
Yet the Calgary real estate market continues to chug along! I think Sep-Dec could be interesting to watch.