www.kentbamber.com Marketing Quality Calgary and Area Homes Since 2002.


Calgary Real Estate

Calgary Real Estate Board, October 3, 2016

The segment of Calgary’s housing market with the greatest influence on the overall market is showing signs of pricing stability. The detached benchmark price totaled $503,400 in September, which is 3.3 per cent below last year, but the second consecutive month at this price level.

While overall economic conditions remain soft, for now the detached sector is demonstrating some steadiness in terms of pricing.

“The decline in demand has caused many to anticipate steeper price declines for detached homes,” said CREB® chief economist Ann-Marie Lurie. “That hasn’t happened in large part because detached supply levels haven’t climbed as sharply as many expected. There was a limited amount of supply in the overall market when this cycle began, and while levels did rise and remain somewhat elevated, they were well below previous highs.”

The level of detached new listings also eased compared to last year, helping push down year-over-year inventory levels for the second consecutive month.

“Consumers are really starting to come to terms with the current environment," said CREB® president Cliff Stevenson. “Most sellers have adjusted their expectations at the same time that many buyers are realizing the price of a home is influenced by factors like location, supply in specific price ranges and condition of the property.”

Residential inventory levels totaled 5,877 in September, five per cent higher than last year, due to gains in both the apartment and attached sectors. City-wide months of supply neared four months, but ranged from a low of three months in the detached sector to a high of eight months in the apartment sector.

Sales were equally inconsistent, improving by four percent in the detached market while declining by 23 percent in the apartment sector. Nonetheless, in every category, sales activity year-to-date sales activity has declined over levels recorded last year and remains below long-term averages.

The resale apartment market has recorded large inventory gains and a sharp pull-back in sales. This, combined with additional competition from new builds, is resulting in steeper price adjustments in this sector.

Condominium apartment prices totaled $274,700 in September, 0.1 per cent below last month and 6.8 per cent below last years’ price. Click here for September 2016 Calgary Real Estate statistics.

As an expert in the art of professionally marketing homes, Kent Bamber holds a Bachelor of Commerce degree (Marketing; University of Saskatchewan; 1997), as well as ePro® certification (Online Real Estate marketing; National Association of Realtors®; 2007). A member of the Multiple Listing Service Million Dollar, RE/MAX Platinum & RE/MAX Hall of Fame Clubs, Kent operates within the top percentile of all Canadian Realtors®. Whether your focus is an entry level condominium or a luxury home, Kent's promise to you is that your experience will be both stress-free and enjoyable. Acquire the inside edge today by taking advantage of our complimentary Automated Home Search and Market Evaluation.

Representing over 600 families and home builders in the sale and/or purchase of their homes since 2002, Kent's total real estate sales volume is well in excess of 500 million dollars. As a testament of Kent's ongoing commitment to Customer Satisfaction, over 80% of his business comes directly via his existing Client base. An Individual with solid core values who consistently exhibits unprecedented marketing and negotiating skills...Contact Kent Bamber Today!



Marketing Quality Calgary and Area Homes Since 2002.

Welcome  |  Kent Bamber  |  Marketing Your Home  |  Purchasing Your Home  |  Listings  |  Auto Home Search  |  Market Statistics  |  Contact

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: