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November 2012

Found 2 blog entries for November 2012.

When Will the Calgary Market Really Catch Fire?

It’s been a strong year for real estate sales with a 23% increase over October 2011. Calgary’s market is outperforming any other markets and is on the opposite sales end compared to the rest of the country.

CREB® President Bob Jablonski says “Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth. However, despite the higher than anticipated sales growth this year our market is not overheating, simply returning to levels consistent with long term trends and prices still have not fully recovered after the last recession.”

That’s nice to know except it doesn’t reveal how last year’s sales were actually pretty good too. The Calgary market has been

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Here's the latest CREB MLS sales stats for November 2012.

November was a good month for MLS sales in the Calgary region overall with a 7% increase over October 2012. And that was despite a 7.41% drop in listings on the CREB MLS system. It appears sellers are taking their homes off the market and waiting for a better time to sell. Of course, fall and winter normally has declines in properties for sale.

Prices Rise

The average MLS sold price rose 4.5% to almost $411,000 which is up $17,000 from October.  Homes are selling a little faster, down to an average of 50 days before selling. 

For single detached homes, sales were similar to last month, yet the average price sold was up by about $13,000. Days on market before being sold fell to an average 46

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