Market Update December 2013
Posted by Jeff Campbell on Tuesday, December 3rd, 2013 at 12:13pm.
Sales growth boosted by rise in new listing.
Many first-time homebuyers appear to be moving to get a head of any further increases in home prices, rent hikes, or an increase in lending rates. Current owners are taking advantage of the recent price gains to upgrade to a home that better fits their lifestyle. Despite recent gains, Calgary`s housing market is still more affordable today than it was six years ago.
The detached benchmark price for November is $470,600 an increase of 8.53% year-over-year. The apartment benchmark price is $279,600 an increase of 12.74% and the attached benchmark price is $305,700 an increase of 8.10%. Overall sales for the month totaled 1,730 units, compared with 1,866 during the same period last year.
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