Monday, 23 February 2015
Calgary Inner City Real Estate Update October 2014
For the 2 Storey homes in October, we saw a ratio of 1:4.54, so about 4 months of inventory which has been consistent since at least June. The 2 bedroom condos have just over three months of inventory, a bit higher than in June which had 2.5 months of inventory. The higher the ratio the more time buyers have to make a decision on a property and the more choice they have. The inner city condo market fluctuates most throughout the year having peaks in the spring and again in the fall. Whereas the single family home market still has fluctuations around the same times although more subtle. Looking at the graph, the best times to sell would be March through to June, and then late August and September.