Mike F has his usual update for January (trying to catch up on the stat updates here). Interesting that sales are so soft considering the rock bottom rates and how much the city has grown in the last decade - the last two years having essentially being the lowest ebb in roughly 10 years.
http://calgaryrealestatereview.com/2...te-statistics/
Despite being buttressed by
record low fixed rates, single family home sales in January were unable to match year ago levels. A total of
773 homes were sold, with an average price of
$438,682 and a median of
$395,000.
Year-over-year this represents a
-1.4% decline in sales,
-3.3% drop in average price, but a
+1.3% increase in the median.
Condo sales were able to eke out a year-over-year increase with a total of
305 units changing hands, compared to 302 in January 2011. The average price was
$268,526 with a median of
$245,000. Year-over-year sales were up
+1%, the average price was down
-6.9% and the median declined
-3.9%