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Market Update January 2016

Posted by Jeff Campbell on Friday, January 8th, 2016 at 11:57am.

Wondering what is really happening right now with Calgary's home prices?  

Housing Market Shifted Toward The Holiday Season!

In December monthly inventory levels declined as expected yet they were still 28 % higher than the same time last year and at the highest December level recorded since 2008. The apartment and attached sectors were notably up which neared the highest December total on record.  

While December prices for both the detached and attached sectors were lower than levels recorded at beginning of 2015, on the annual average basis they remained 1.35% and 1.84% above 2014 numbers.

The detached benchmark price for December is $508,700 a decrease of 1.91 % year-over-year. The apartment benchmark price is $285,500 a decrease of 4.96% and the attached benchmark price is $351,400 a decrease of 1.35%.  Overall sales for the month totaled 878 units, compared with 1,073 during the same period last year.

Airdrie’s inventory decreased to 289 from 330 units, sales decreased by 23 to 66 for December.  The benchmark price for December is $368,500 a decrease of $8,000 from last year. Overall sales for the month totaled 66 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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