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Market Update February 2016

Posted by Jeff Campbell on Wednesday, February 3rd, 2016 at 10:52am.

Housing market remains unchanged in January

Calgary’s housing market is starting 2016 firmly in buyer’s market, much the same as last year ended.

Slow sales activity and inventory gains continue to place downward pressure on prices, however the recent price retractions has not erased all the gains made in recent years. The benchmark price remains 4.41% above the January 2014 of $428,400.

The detached benchmark price for January is $509,300 a decrease of 2.60 % year-over-year. The apartment benchmark price is $281,900 a decrease of 6.35% and the attached benchmark price is $345,600 a decrease of 0.78%. Overall sales for the month totaled 763 units, compared with 877 during the same period last year.

Airdrie’s inventory increased to 326 from 289 units, sales decreased by 1 to 65 for January. The benchmark price for January $368,700 a decrease of $7,500 from last year. Overall sales for the month totaled 65 units, compared with 64 during the same period last year.

Call Jeff Campbell 403-275-3331

Email Jeff@JeffCampbellTeam.com

View JeffCampbellTeam.com

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