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Market Update July 2012

Posted by Arshad Rashed on Tuesday, July 3rd, 2012 at 1:02pm.

Sales Activity Trending Towards Long-Term Stability

Overall the Calgary market is trending towards long-term stability with activity levels that are consistent with our expectations and are not demonstrating an overheated market. A slight lack of supply in single family homes but this is not the case in broader residential markets, including surrounding towns. Our housing market is returning to normal levels of activity, supported by the improvements in our employment sector and rise in migration.    

The detached benchmark price for June is $430,800 an increase of 7.35% year-over-year.  The apartment benchmark price is $246,300 an increase of 1.49% and the attached benchmark price is $278,000 an increase of 3.27%.  Overall sales for the month totaled 2,202 units, compared with 1,964 during the same period last year.

Call Jeff Campbell 403-275-3331



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