Calgary Real Estate Market Statistics for February 2010
I'M Jeff Campbell of the Jeff Campbell Team with Century 21 the Professionals. We specialize in Calgary Real Estate.
Here are your Calgary Real Estate statistics. Single family homes for February 2010, we had 3100 homes for sale versus 4300 the year before. So the amount of inventory is down by 1200, which is really helping the supply and demand. The number of homes sold is a thousand thirty five versus eight twenty five, so we're down 28% in our inventory and up 25% in our sales. That's created a really balanced market for us and I think with consumer confidence at getting a lot higher than levels coming off of last's year's really bad real estate year, I guess that we're going to see some good movement in the number of homes sold this year as well as our average prices coming off the lows of 2009.
The average price was $458,000.00 up from $415,000.00 up $42,000.00 or 10%. Median price again $411,000.00 versus $375,000.00 up 36,009.6%. Days on market has decreased by 17 days to 34.
Condominiums as well, the number of condominiums for sale has dropped from 2065 to 1741, down 15%. The number of condos sold is up 56% from $343,000.00 to $536,000.00 so real movement in the condominium market which is really good to see for the condominium properties.
Average price is up $13,000.00 to $282,000.00 up 5.17%. Median price up to $265,000.00--$16,000.00 or 6.4% and the average days on market is down by eight days to 43.
So that is showing the strength of the Calgary real estate market, more homes are selling, less homes are coming on the market, prices are still increasing monthly-every month for the last seven or eight months. It's a very good real estate market to be in right now.
If you have any questions about the Calgary real estate market, Calgary homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit www.JeffCampbellTeam.com your Calgary Real Estate experts!