Calgary Real Estate Report December 2019
While we just witnessed the turnaround into a new Decade, we might have symbolically seen a turnaround in the real estate market. December sales, especially leading up to the holiday season, were quite strong as compared to last year and years in general. Often, sales to new listings were almost equal, compared to well below 30% values we've seen recently. New listings were down once again. All in all, sales were up 1% from last year though the year thanks to a strong first quarter, spring and December finish. Prices over all still were about 3% below last year. It is estimated that the overall price of properties has dropped by about 10% since the peak of 2014, though much more with condos and townhouses, but balanced with less detached and attached homes price drops.
However, the most significant part of December's statistics are the fact that there is definitive signs of improvement in an otherwise very slow time of the year. It all seems to be pointing to a potentially busy spring. It's likely going to be a buyer's market for at least another year, but the tide is slowly turning.