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Market Update November 2011

Posted by Jeff Campbell on Wednesday, November 2nd, 2011 at 11:36am.

Calgary's Housing Market Set to Outpace 2010

Consumers are feeling more confident about the local real estate market. Overall the resale housing market continues to show signs of improvement and with no near term change in the interest rates, we can expect the market will continue to see moderate and stable growth throughout the rest of the year.

The detached benchmark price for October is $395,000 an increase of 1.54% year-over-year.  The condominium benchmark price is $262,500 an increase of 2.39%. Overall sales for the month totaled 1,356 units, compared with 1,194 during the same period last year.

Call Jeff Campbell 403-275-3331

Email Jeff@JeffCampbellTeam.com

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