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Within our blog it is our intention to share news and information related to Real Estate in Calgary. Today we have for you a summary of some important stat’s taken from the Calgary Real Estate Boards October 2010 monthly Stats package. These key areas give you a good snapshot of the Calgary real estate market.
Calgary Listing Inventory: Inventory showed a decrease again this month. We have seen steady inventory decreases since June when we peaked at 9080 listings within Calgary.
| Inventory | Sept | October | Change |
| Single Family Home | 4880 | 4528 | – 352 |
| Condo’s | 2204 | 2042 | – 162 |
| Total | 7084 | 6570 | – 514 |
Calgary Sales: Sales are very similar to September Sales but are again down from last year’s sales.
| Sales | September | October | Change |
| Single Family Home | 958 | 999 | + 41 |
| Condo’s | 366 | 310 | – 56 |
| Total | 1324 | 1309 | – 15 |
Calgary Real Estate Sales Prices : For this summary, I will focus only on the Median Sales Price as the average can be skewed by Realtors selling more of less million dollar homes and should be a better reflection of the market. As you can see below single family homes dropped by $2100.00 and Condo’s dropped by $10,000 – It is important to note that in August Condo prices increased by $5,000 so this is partly just a bounce back.
| Sales Prices | Sept Median Price | October Median Price | Change |
| Single Family Homes | $390,000 | $387,900 | $2,100. |
| Condo’s | $265,000 | $255,000 | $10,000 |
Personally we have noticed that in the last couple of weeks the activity has increased and the sales in the last week of this month showed that with sales of 354 listings compared to the previous week with sales of 275 listings.
If you have any questions about this summary, or have any suggestions to other information you would like to see here please Contact us.
Gord Piper and Brent Wilcox are Realtors with Century 21, The Professionals which is conveniently located within the Northland Village Professional Centre in Northwest Calgary.
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