Jan 2011 Newsletter
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January 5, 2011 Dear Friend, Welcome to 2011! I hope you had a great Christmas break with families and friends; and are gradually recovering from the holidays. I’d like to share a quote with those of you who never make new year’s resolution just like me. I made no resolutions for the New Year. The habit of making plans, of criticizing, sanctioning and molding my life, is too much of a daily event for me. I didn’t make this up, it was from a rather famous writer. So let’s just live, love, laugh and labor, and make sure by the time we say good-bye to 2011, we had made it a happy year. CREB December Stats - Low Interest Rates and Affordability to Support Housing Recovery in 2011 December home sales in Calgary didn’t have a huge change from November. However, look at the Number of New Listings in December for both single family and condo – they both are significantly less than November. So sellers had a little bit of an easy time selling in December. Single family homes Nov 2010 Dec 2010 Number of New Listings 1,318 744 Number of sales 891 734 Average price 455,460 441,341 Median price 399,900 389,000 Average days on market 52 43 Condominium Nov 2010 Dec 2010 Number of New Listings 632 369 Number of sales 310 320 Average price 284,667 282,768 Median price 253,300 258,500 Average days on market 57 48 Year 2010 is going down in Calgary’s real estate history as the worst year since 1995, with only 12,095 total sales. Hopefully it will only go upwards from here. Housing will always be a necessity in good times or bad. With the improvement of investment and employment in the energy sector, supported by the affordability and low interest rates, housing market recovery will be in the store for us in 2011! Don’t keep me a secret Refer a client And get rewarded
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Calgary Real Estate Market monthly update
Transcript of Jan 2011 Newsletter
January 5, 2011
Dear Friend, Welcome to 2011! I hope you had a great Christmas break with families and friends; and are gradually recovering from the holidays.
I’d like to share a quote with those of you who never make new year’s resolution just like me. I made no resolutions for the New Year. The habit of making plans, of criticizing, sanctioning and molding my life, is too much of a daily event for me. I didn’t make
this up, it was from a rather famous writer. So let’s just live, love, laugh and labor, and make sure by the time we say good-bye to 2011, we had made it a happy year.
CREB December Stats - Low Interest Rates and Affordability to Support Housing Recovery in 2011
December home sales in Calgary didn’t have a huge change from November.
However, look at the Number of New Listings in December for both single family and condo – they both are significantly
less than November.
So sellers had a little bit of an easy time selling in December.
Single family homes
Nov 2010 Dec 2010
Number of New Listings 1,318 744
Number of sales 891 734
Average price 455,460 441,341
Median price 399,900 389,000
Average days on market 52 43
Condominium
Nov 2010 Dec 2010
Number of New Listings 632 369
Number of sales 310 320
Average price 284,667 282,768
Median price 253,300 258,500
Average days on market 57 48
Year 2010 is going down in Calgary’s real estate history as the worst year since 1995, with only 12,095 total sales.
Hopefully it will only go upwards from here. Housing will always be a necessity in good times or bad. With the
improvement of investment and employment in the energy sector, supported by the affordability and low interest rates,
housing market recovery will be in the store for us in 2011!
Don’t keep me a secret
Refer a client
And get rewarded
MLS Absorption Rate
December total MLS inventory: 7189
November total MLS sell: 1286
Absorption Rate: 5.59
(1 in every 5.59 listings got sold)
Where is the market going from here? Gazing into my little crystal ball, I see… New listings will start coming to the market in January, with numbers twice as much as that of in December, and they’ll keep coming, peak in the spring months. There will be more activities, but sales might not be catching up right away, so we might see this absorption rate chart tipping up a little bit in a couple of months following. If you’re planning to sell your house this year, get busy! Call me for a current market statistic, know your market…what you do now could boost your property’s value by thousands of dollars.
Remember this Dream Starter Home
I listed last month?
Well it is SOLD
In 30 days
For 95% of the original listing price!
Hong WangHong WangHong WangHong Wang Realtor
Certified Condominium Specialist Greater Calgary Real Estate Services Inc
403-397-6809 www.hongwang.ca
www.24HourHousePrices.com/askhong
