February 2014 saw the number of listings for single family homes decrease by almost 5 per cent with 89 fewer listings than the same month last year. The first time home buyers trying to get into starter homes priced below $300,000 are particularly having a hard time with low inventory.
Despite the low inventory single family homes sales increased by 1.9 per cent over the previous year with 1,230 sales. The benchmark price for single family homes in Calgary in February was $482,800 an increased of 9.11 per cent over the previous year. Average days on the market dropped to 29 last month from 37 in February 2013, a decrease of 20.67 per cent.
Condo apartments and condo townhomes actually had an increase in listings in February with a 26.71 per cent and…
1710 Views, 0 Comments