June 2019 Market Update

June 2019 \\ What did this past month bring? 〰️New listings city wide declined, which is assisting with reducing oversupply. Sales slowed compared to last year by 6% and inventories fell 15% compared to last years elevated levels.

〰️Detached sales in June declined by nine per cent compared to last year, causing year-to-date sales to ease by nearly 3%. The decline in sales was mostly driven by homes priced above $500,000. 〰️Apartment condominium sales eased in June, causing year-to-date sales to total 1,292 units. This is over 7% below last year’s levels. Over the same time frame, new listings eased by over 15%, helping reduce some of the resale inventory in the market.⁠ 〰️Unlike other property types, sales activity for attached product continued to improve in June. Year-to-date sales total 1,955⁠ units, nearly 3% above last year’s levels. Improvements were driven mostly by growth in demand for semidetached product. Attached sales improved across all districts except the North West and West.⁠ 〰️Benchmark price in the city was $425,700, nearly 4% below last year’s levels and comparable to unadjusted prices recorded last month.⁠ ⁠

Questions? I'm here to help! 📱: 403.620.9245 ✉️: smollerson@charlesrealestate.ca⁣

#yyc #yycre #realestate#yycrealestate #realtor#realtorlife #calgary #alberta#yycnow #shareyyc #yycliving#calgarybuzz #sharecalgary#yyctoday #realestateagent#charlesrealestate #smarierealtor#statsyyc #realestatestats#yycrealtor #yycagentbranding#yycrealestatemarket#decemberstatsyyc#yycmarketstats #smarierealty#soldinstyle #buyersmarket#buyingyyc #homebuying#homeshopping

© 2020 by Samantha Mollerson

Charles Real Estate Inc.

  • Black Instagram Icon
  • Black Pinterest Icon
  • Black Facebook Icon
  • Black LinkedIn Icon