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Market Update December 2012

Posted by Arshad Rashed on Tuesday, December 4th, 2012 at 12:37pm.

Calgary Resale Market Remains in Balance

Nearly eight consecutive months of double digits, year-over-year sales growth has caused inventory levels to decline because new listings have not kept up. With fewer inventory in the market consumers are eager to view new listings and if consumers see value they they will buy but are more cautious today and consider all their options.

The detached benchmark price for November is $433,600 an increase of 8.48% year-over-year.  The apartment benchmark price is $248,000 an increase of 4.20% and the attached benchmark price is $282,800 an increase of 4.12%.   Overall sales for the month totaled 1,457 units, compared with 1,345 during the same period last year.

Call Jeff Campbell 403-275-3331



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