Here’s a quick Calgary real estate update for May 2016;
- Total residential inventories increased across each district. However, detached inventory levels are trending down in the city centre, west and east area of the city.
- Year-to-date detached sales declined by 7%.The decrease was caused by slower sales in the North East, North, South and South East areas of the city.
- Year-to-date apartment sales totaled 1,101 a 20% decline from last year. Unlike the detached, semi-detached and row sectors,each district recorded a pullback in apartment sales.
- Year-to-date, city centre benchmark prices have recorded some of the steepest declines across the city for detached, semi-detached, row and apartment style product.
Please contact us if you would like a more detailed community summary or an in depth look into the statistics.