Calgary Housing Recovery Continues in December!
"The same time last year the cards were stacked in favour of the buyer, but this month sales once again show Calgary has returned to a balanced market. While our sales did taper off slightly in December, as expected for this time of year, home buying activity in Calgary indicates we are in a sustained recovery. Pent up demand by first time buyers, record low mortgage rates and improved affordability have helped bolster the Calgary market in 2009." says Bonnie Wegerich, president of the Calgary Real Estate Board (CREB®).
The number of single family homes sold in December 2009 in the city of Calgary was up 78 per cent from the same time a year ago, while condominiums sales saw an increase of 66 per cent from the same time a year ago.
The median price of a single family home in the city of Calgary for December 2009 was $401,000, showing a decrease of 2 per cent from November 2009, when the median price was $408,000, and up 6 per cent from December 2008, when the median price was $380,000. The median price of a condominium in December 2009 was $265,000, showing virtually no change from November 2009, when the median was $264,900, and up 4 per cent from December 2008, when the median price was $254,000.
See Dec 2009 CREB® News Release at Calgary Market Trends (2007-2008 stats available)
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