"Fill a house with love and it becomes a home" - Anonymous
Sales stats for November are in, as calculated and made available to real estate professionals and the public by the Calgary Real Estate Board. As October was a bit of an anomaly with the change in the mortgage lending requirements, November has returned to what we can refer to as ‘normal’ for 2016.
Key points for November include, but not limited to:
- October proved itself to be an anomaly, not a trend
- Overwhelming differences in expectations between buyers and sellers
- Sales and volumes are down around the city
- Apartment style showed larger price drop than detached
One of the move observable characteristics for the year of 2016 has been that the entire market is quite segmented in that there is not a lot of unity across price point, style and location across the board. For instance, there might be pockets of a seller’s market in a community for detached around the $500 000 price point, whereas another district with detached at a similar price point can show a full-on buyer’s market. Very interesting.
Best source of housing stats and information is from your CREB member, such as your realtor®.
For more information, please contact www.movingyouforward.ca
Thank you for your time and attention! Stay warm out there.