Calgary’s Condo Market Getting a Whole Lot Tighter
If you’re hunting for a condo in Calgary, you’ll have to try much harder to find and buy one you like. The number of active listings increased slightly in October, but they’re down by 30% from last year at this time.
Sales of Calgary condos is brisk as buyers compete for the available stock. Sales are up 23% while prices overall rose 10%. The average price for a sold condo in October was over $311,000 which is up $13,000 since last month. It’s hot right now, but is expected to moderate.
Condos Selling Fast and at a Nice Price
Days on market for condos for sale has dropped from 56 to 44. It’s a very good time to consider selling your condo if you have somewhere to move to. With oil prices…