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Meagen & Brad's Market Update

Calgary Housing Stats - September 2011
Single Family Homes Calgary Metro	Sept	Aug
Sales (Sold Properties)	1,036	1,106
Average Days on Market	48	49
Average Sale Price	$466,167	$453,969
New Listings this Month	2,327	2,112

Okotoks Housing Stats - September 2011
Single Family Homes Town of Okotoks	Sept	Aug
Sales (Sold Properties)	39	34
Average Days on Market	53	61
Average Sale Price	$428,981	$418,157
New Listings this Month	60	75

Country Residential Stats - September 2011
Country Residential M.D. of Foothills	Sept	Aug
Sales (Sold Properties)	29	20
Average Days on Market	118	131
Average Sale Price	$830,457	$869,755
New Listings this Month	70	76

HOMEBUYERS' CONFIDENCE HOLDS STEADY DESPITE

GLOBAL TURMOIL - City of Calgary Single Family and Condominium Sales

"Despite recent turmoil in the global economy, Calgarians are showing

conﬁdence in the long term prospects for the city and are taking advantage of affordable and stable home prices," says Bob Jablonski, president-elect of CREB®.

"Undoubtedly, there are a lot of unknowns in the world's current ﬁnancial situation, but Calgary and Alberta may be relatively safe havens amidst this uncertainty. Granted, gains in the housing market have been very gradual-but we are seeing signs of improvements. Our province's growth is expected to outperform the national average, and this will help buoy consumer conﬁdence in Calgary and Alberta."

"Clearly there is a market for well priced listings. In particular, we are

seeing strength in detached single family home sales. Relative affordability in this market has meant these homes are selling faster than condominiums and townhouses," says Jablonski.

"Calgary continues to add full-time jobs to the economy, and migration is moving in the right direction. These are positive factors that will give momentum to our housing market and give wind to the sails of Calgary's economy."

See Full Article

Info provided by CREB Oct 3, 2011

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Meagen Mackenzie, REALTOR

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Brad Churchwell,

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