Calgary real estate May 2010 report
May 2010 Calgary Real Estate Report: Rod Forsythe.
Total home and condo sales are down and luxury home sales skyrocket in and around the Calgary market.
Calgary’s real estate market is uncertain. Total unit sales are low compared to the rest of this millennium and overall activity remains below average. With inventory creeping up only the well positioned properties are selling. The interest rate was raised .25% this past week.
We are back to a buyers market again with slow growth in the forecast as far as most experts are concerned. The average price is rising and Calgary is predicted to be one of the best places to invest in Real Estate over the next few years.
The major reason the average price is going up is the Luxury home market numbers are up about 90% over last year. The activity in this portion of the market has led all other areas both inside and outside the cities boundaries. This dramatic shift in upper end sales has brought up the average price of a home in Calgary.
If you’re thinking about moving, buying and or selling this might be the time to get back into to market or reposition with your real estate needs. If you or anyone you know would like a private consultation please give me a call or e-mail me.
Locally Known & Globally Connected
Rod Forsythe/ June 2010
E-mail- rod@rodforsythe.com tel. 403.777.1040
Keller Williams, Calgary, Alberta, Canada
Tags: Calgary Real Estate
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