January 2010 Real Estate Market Refresh

CREB released its January 2011 statistics today and it appears that the Calgary Real Estate Market is coming out of the gates predictably, setting up the pieces for a slow and gradual recovery. Sales of single family homes in the city increased 3% year over year, the first such increase since April 2010. In balance, condominium sales decreased 21% from a year ago and overall sales dropped 7% from January last year. With an increase in the number of listings expected to appear on the market early this year, the expected recovery should be gradual as the increased inventory is absorbed. Overall this points to a more balanced market by year end. For specific information about your property contact us, or click here to view the full January 2011 Statistics from CREB.

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