Churchwell Mackenzie Group
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Meagen & Brad's Market Update

Calgary Housing Stats - July 2011
Single Family Homes Calgary Metro	July	June
Sales (Sold Properties)	1,153	1,398
Average Days on Market	49	43
Average Sale Price	$455,849	$479,580
New Listings this Month	2,038	2,424

Okotoks Housing Stats - July 2011
Single Family Homes Town of Okotoks	July	June
Sales (Sold Properties)	42	51
Average Days on Market	78	48
Average Sale Price	$415,406	$420,738
New Listings this Month	86	72

Country Residential Stats - July 2011
Country Residential M.D. of Foothills	July	June
Sales (Sold Properties)	19	15
Average Days on Market	75	108
Average Sale Price	$865,315	$987,196
New Listings this Month	91	78

CALGARY HOUSING MARKET ON THE ROAD TO RECOVERY
Market improvements driven by clients looking for value

"The recent rise in average days on market, especially in the single family sector, shows that while properly priced homes are selling quickly, over-priced listings remain on the market for a longer period of time. Improving market conditions may have signaled some sellers to be overly optimistic regarding pricing, resulting in a disconnect between seller and buyer expectations," says Sano Stante, president of CREB®.

"A good selection of housing inventory, combined with positive economic fundamentals, is encouraging buyers into the market," says Stante. "Buyers are still quite value conscious, and in the current market are able to take advantage of the range of selection in a stable price environment."

See Full Article

Info provided by CREB Aug 5, 2011

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Meagen Mackenzie, REALTOR

Direct: 403.818.1609

Office: 403.938.3737

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mmackenzie@remax.net

www.foothillslistings.com

Brad Churchwell,

REALTOR

Direct: 403.836.9026

Office: 403.938.3737

Fax: 403.592.7703

bradchurchwell@remax.net

www.bradchurchwell.com

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