10/03/2023
🍂Fall is here sadly.... will the market fall? Probably not, according to this Realtor🙋🏼♂️
🗣Always lots of opinions and comments about the current market and general wonderment. Someone told me they heard it is cooling off. Cooling off is hardly a term I would use. There is a different story for each part of the Calgary Market, but at most I would describe things as simmering after a rolling boil. (Not sure if that is what happens during cooking... not the chef of the family.)
🥡Here are my takeaways:
🔴Detached:
Record low inventory favour the seller. Over $700k there is more inventory and things are a little easier for the buyer. Under $700k, there is less than 1 month supply. Most of us don't know what that means... fair enough. It means there are not enough of these types of houses on the market in general. Very good for selling, very difficult for buying.
⚪️Semi-Detatched:
An easing of sales in this area through September and prices paused... but not enough to change the lack of inventory. According to CREB, we start Oct with the lowest inventory since 2005 in this market area. Spooky.
⚫️Row:
Similar to the Semi-Detatched Market. A decrease in monthly sales during September. But with less than 1 month supply, things are extremely tight in the Row market. Seller delight once again.
🟤Apartments:
Maybe the most intriguing areas in Calgary market. Experiencing the highest number of sales of all market areas. More listings and more sales is the trend. Why? High interest rates pushing affordable options. And a very tight rental market making things interesting.
Questions? Send me a message.
Ashton Kathol
Realtor ®
📲 403-934-0369
📧 [email protected]
🧑🏼💻ashtonkathol.royallepage.ca
