POSITIVE START TO THE NEW YEAR…

Sales activity and prices improve over 2013.

CALGARY REGIONAL HOUSING MARKET STATISTICS for January 2014

Screen shot 2014-02-04 at 6.36.54 PM

On the heels of a strong year of sales growth, January sales in the city of Calgary totaled 1,440 units, a 17 per cent increase over the previous year.

“Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in the condominium sector,” said CREB® chief economist Ann-Marie Lurie. “While these are the highest January sales levels since 2008, total sales transactions are in line with long-term trends.”

Condominium apartment and townhouse sales totaled 466 units in January, a 33 per cent increase over the same period in 2013. This is relative to the 974 sales in the single family sector, only a 11 per cent increase over the previous year.

“Consumers looking for more affordable product turned to Calgary’s condominium market, which was the only sector to record growth in new listings, compared to January 2013,” explained CREB® president Bill Kirk. “The improvement in listings helped ease some of the tightness in the condominium market, however overall conditions continue to favour the seller.”

New listings in the condominium apartment and townhouse market totaled 809 units, a combined increase of six percent. Meanwhile, the single family sector lost momentum significant change in the supply situation this month, prices continue to rise at higher than expected levels.”

To read the full article click on the following link: CALGARY REGIONAL HOUSING MARKET STATISTICS for January 2014

0 comments on “POSITIVE START TO THE NEW YEAR…

Leave a Reply

Your email address will not be published. Required fields are marked *