Thursday, 8 January 2015

Calgary Inner City Real Estate Report November 2014

It looks as though the cold did have a bit of an affect on Calgary’s inner city market because we’ve seen more properties on the iStock_000023336579Mediummarket and less buyers signing contracts. This is clearly one of the highest inventory levels all year.

For bungalows and condos, the inventory is way up, creating an even further gap. Bungalows now have 3 months of inventory (Oct. <2 mths), condos 4.7 months of inventory (Oct. 3.4 mths), and 2 storey has 4.9 months of inventory (Oct. 4.5 mths). There’s lots of inventory now, but don’t be surprised if come mid December many of these homes that have been on the market for some time end up taking it off the market and re-listing in mid January.

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