Market Remains Balanced Despite Easing in Absorption Rates

Posted by Nancy Ball on Monday, August 3rd, 2015 at 3:51pm.

Hope everyone is enjoying their summer so far as we are nearing the end and life returns to normal! It has been a wonderful time for me so far, spending time with family and friends and just enjoying the many festivals in and around Calgary.  

It has been a busy summer in real estate as well. The Calgary Real Estate Board (CREB) released its mid-year Update for Calgary's economic outlook which shows a better than expected resiliency in the real estate statistics. In some markets, where prices have remained stable and inventory low, we have seen continued multiple offer situation. To view the full CREB® mid-year forecast update, click here. 

If you are looking to buy, this is a great time! We expect a surge in listings in September as routines are back to usual and kids are at school. Start your search now by visiting my website at http://www.nancyball.ca/ and signing up for automatic notifications of new listings in your preferred area. My IDX search will email you listings as soon as they hit the market! 

Feel free to contact me anytime if you have any questions. I am always available to help! 

Nancy~ 

View my August 2015 Newsletter

Article Quick Links:
Market remains balanced despite easing in absorption rates
Here's The Income You Need To Buy An Average House Across Canada
10 Home Renovations You Should Tell Your Home Insurance Company About
Canadians spending more on fixing homes than buying new ones as renovations top $68 billion
The 5 best dogs for a small home
How to clean stainless steel appliances the right way
How to put an offer on a property with multiple offers

Coming Events:
June 14 - Aug 24 Banff Summer Arts Festival
Aug 20-29 GlobalFest
Aug 22 Brazilian Heat
Aug 22 Carifest Caribbean Festival
Aug 22 - 23 Dragon Boat Race & Festival
Aug 23 Festival of Meat
Aug 28 - 30 Expo Latino
Aug 28 - Sept 7 Pride Calgary
Aug 29 Okotoks Chili Fest
Sept 5 Calgary Highland Games
Sept 7 Labour Day
Sept 9 Career Fair Canada - Job Fair
Sept 13 Bridal Expo
Sept 16 - 20 Beakerhead
Sept 17 - 20 Calgary Home & Design Show
Sept 17 - Nov 1 Iluminasia Lantern & Garden Festival
Sept 19 Calgary Gun Show
Sept 23 - Oct 4 Calgary International Film Festival
Sept 25 - 26 Oktoberfest
Sept 26 - 27 The Calgary Baby & Tot Show
Oct 2 - 31 Screamfest
Oct 12 Thanksgiving Day
Oct 12 - 17 YYComedy Festival
Oct 16 - 17 Rocky Mountain Wine & Food Festival
Oct 16 - 18 Calgary Tattoo & Arts Festival
Oct 23 - 25 Body Soul & Spirit Expo
Oct 24 - 25 Fall Calgary Woman's Show Ltd

July 2015 Statistics:

  Active Listings   New Listings  Sold *Last 30 days   Benchmark Price
*Last 30 days
Detached 2728 1733 1222 $515,300
Attached 1104 667 449 $355,300
Apartment      1223 581 324 $293,300

CREB Monthly Housing Summary July 2015
CREB Total Residential incl Town and Country July 2015 Statistics

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