March numbers are almost in and the sales have certainly slowed since the March 18th deadline. Pending sales since then have certainly not keep up to the pace of even the 2010 crappy year. (Could this already be the peak sales for the 2011 year?)
Mike F has another great blog post about people <gasp> losing money on real estate in Calgary (heck, this doesn't even include interest, opportunity, realtor and moving costs.)
http://calgaryrealestatereview.com/2...odays-sellers/
The following repeat sales history is taken from homes that sold between February 18, 2011 – March 27, 2011.
There were 744 homes with a previous sale on MLS® from 2000 onwards.
Of those 744 homes:- 538 had a higher sale price than its previous sale (72.3%)
- 196 had a lower sale price than its previous sale (26.3%)
- 10 had the same sale price as its previous sale (1.3%)
There were 313 condos that sold on MLS® between Feb 18- March 27, 2011 that had a previous sale since January 2000.
Of those 313 condos:- 180 had a higher sale price than its previous sale (57.5%)
- 132 had a lower sale price than its previous sale (42.2%)
- 1 had the same sale price as its previous sale (0.3%)