Calgary housing prices have passed their peak in 2007 and continue to Rise

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Calgary Real Estate Market

This past year has been a great one for the Calgary Real estate market. We have seen increased sales and prices and have for the first time, reached where they were in 2007. The average sale price in 2007 was $423,770, and our average sale price in 2012 hit a record $428,655. This first few months of 2013 have been hot for the Calgary real estate market with the average sale price so far in March at $461,427. The increase is due in part to a shortage of listings on the market, which are down 20% from this time last year. Many of my clients can attest to, if it is priced properly and is a nice home or condo, it will be sold quick. The average days on market for a listing is way down to 35 days.

RBC is predicting that Alberta will lead the country in economic growth over 2013 and 2014. With many new jobs being created in Calgary, there are also many new people moving to Calgary, all needing a place to live. This will help keep the rental and housing market increasing for the next few years. Combine this with low interest rates which are predicted to stay very close to where they are for the next few years, we will see continued growth in the Calgary real estate market.

If this is your time to finally get into the Calgary Real Estate market and would like to purchase a home or condo, give me a shout. I would love to help you and answer any questions you may have.

The following are MLS sales and the average sale prices for all properties in Calgary in the past few years:

2012 — 21,207, $428,655

2011 — 18,496, $414,391

2010 — 17,218, $409,885

2009 — 20,669, $394,064

2008 — 19,084, $413,293

2007 — 26,611, $423,770

2006 — 27,426, $358,326

2005 — 26,833, $256,327

2004 — 22,842, $227,269

2003 — 21,062, $215,838

2002 — 21,544, $203,203

2001 — 19,535, $186,586

2000 — 17,211, $180,420

 

 

 

 

Congratulations at Spruce Meadows!

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Claire_RossRealEstate- Cropped

A big congratulations to the Ross Real Estate sponsored Granden My Hand and his rider Claire Reid for their great performance at Spruce Meadows! Granden and Claire came in 5th out of 48 jumpers. Jumping at a height of 0.8 meters, their top time and number one spot held through the next 30 jumpers, and in the end came in 5th. Great showing and all the best in your upcoming competitions.

Here is the video of their great run!