TOO TRUE - CALGARY REAL ESTATE MARKET IS HOT!!!!!
Calgary Real Estate Board reports results for November 2005 residential sales: “… up 12.44 per cent from November 2004, when the median price was $205,000 and up 3.36 per cent from last month’s (October 2005) median of $223,000.”
Calgary Herald reports in it’s issue of December 27 2005 “Record MLS sales, Record MLS prices. New home prices push past $300,000. Where does it all end? Not in 2006. With a chronic shortage of listings and a labour crunch among homebuilders, the outlook for the Calgary real estate market – which saw more than $2-billion worth of homes change hands in 2005 – calls for much of the same in 2006.”
What does this mean for home buyers and sellers? Buyers should take advantage of this market NOW, before prices outstrip their personal budgets. Sellers should take advantage of this market NOW, as a shortage of home inventory is seeing many homes selling in days, even hours after being listed, many with multiple offers, going for OVER LIST PRICE!
For more information on residential and investment property listings, go to:
www.CalgaryRealEstateChoice.com All enquires for further information, available properties, free home comparative market evaluations & statistics welcome. Referrals welcome & referral fees paid promptly!
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