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It Depends: New Year's Edition 2021

Thursday, January 7, 2021   /   by Chris Matlashewski

It Depends: New Year's Edition 2021

Calgary's Residential Real Estate Market performance in the second half: an increase in sales just about offset the initial impact to the start of the year. Interest rates are low, reductions in supply and home prices are still below the long term average, all leading to balanced market conditions and a seller's market in some areas. Detached sales were strong, with over 10,000 sales in Calgary. The semi-detached market has sales and lack of supply is starting to affect home prices. The biggest surprise was the apartment sector. The best month in sales since 2014, but still 10% off pace since the beginning of the year. Outside of Calgary, Airdrie, Chestermere, Cochrane and Okotoks all have very low inventory levels, and have seen an increase in home prices across the board. Thinking about making a move, be sure to call us for the inside track on the style of home and community activity to ensure you maximize your value.

  real estate, calgary, canada, alberta, investment property, income property, real estate tips, first time home buyers, economy, selling real estate tips, selling your home, condo, single family, townhome, forecast, calgary real estate board, creb, mortgage, covid-19, chestermere, cochrane, okotoks, airdrie

Comox Realty Group Inc.
Chris Matlashewski
5718 1a St SW #203
Calgary, AB T2H 0E8

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license." Last updated July 25, 2024 2 PM CST
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