January 2008

Here are the latest stats of the Calgary Real Estate Board as of January 25th, 2008 @ 6:39 p.m.

                                   Residential Listings

                           Listing Count      Av. List Price      Median Price

Condominium Active     2,367            $368,484            $319,500

Mobile Home Active          61              $90,599             $75,000

Combined Residential Active 7,995 plus 969 Rural for a total of 8,964

                                    Residential MLS Sales

Single family Homes sales: 997

• Average Sales Price $452,063
• Median Sales Price  $399,250
• Sale

Many people may wonder what 2008 will bring them in this real estate market. According to the president of the Calgary Real Estate board, Ed Jensen, we should see the average sales price of single family homes increase by 5% and Condominium sales values should increase by 6% in Metro Calgary. As of January 21st, 2008 we have a total of 8,592 Active Calgary MLS listings and surrounding area. Of those 5,323 are Single Family Homes, 2,296 are Condominiums in Metro Calgary. With such high inventory of available homes, this makes it a great time to buy real estate in the city of Calgary. You have a large selection and you can negotiate the purchase price that is more desireable to you. Real Estate has historically been a safe and sound investment and after the