Calgary Real Estate Market Activity for November, 2011

 Sales activity far off  historical monthly activity

CALGARY & AREA STATS UPDATE - NOVEMBER, 2011

Buyers and sellers alike doing their due diligence will discover that there can be a considerable gap between asking prices and sold prices of those properties that were not realistically priced for today's market conditions. Buyers should also realize that variable interest rates are still close to historical lows; but those unwilling to commit to variable rates should get accustomed to the idea of dealing with 3.5 to 4% rates. Buyers will discover, however, that some banks and lenders are offering cut rates on their posted interest rates.

NOVEMBER 2011

Median Prices - Calgary Metro

The November 2011 Single Family median price increased from $395,000 in October 2011 to $402,925. Compared to November  2010, the median price increased from $399,000.

The November 2011 Condo median price dropped from $262,625 in October 2011 to $250,000. Compared to November 2010, the median price dropped 1.63%  from $254,150.

Sales - Calgary Metro

November 2011 - Single Family -  962; Condo - 393

October 2011 - Single Family -988; Condo - 368

November 2010 - Single Family  - 890: Condo - 310

source: CREB

Selling or Buying?

Do your due diligence. Check the stats. Get the facts. Go here for reliable price tracking: www.housepriceindex.ca -  Teranet-National Bank. Why rely on hearsay from family, friends, and speculative forecasts from various sources in the media? If you would like CREB stats, please call me at 403-630-2935. If you want to know how the market is doing, check the past 3 months. If you want to compare year to year, go to www.housepriceindex.ca.