Sunday, January 8, 2017 / by Greater Calgary Group
December 2016 market stats.
Calgary December 2016 Market Status - Calgary maintains a buyers market status while edging closer to being a balanced market.
As of December 31st, 2016, Calgary had 3,765 active listings and there were 933 listings that were sold in December 2016.
Detached properties carried a benchmark price of $498,300 which saw no change from previous months, while both attached properties and condominiums saw minor drops from November 2016. Overall the Condominium market YTY is down 6.53% from December 2015.
Average days on market are presently up, with homes selling 12% slower compared to November 2016 and 14.29% slower compared to December 2016. This illustrates the importance of having a team capable of selling your home in tough markets. The Greater Calgary Group sells homes on average over $10,000 more than the average agent, in nearly half the time, and with far less days on the market.