Calgary real estate report for March 2012 indicates nothing but sunny weather and blue skies ahead.
Not to be overly optimistic, but the latest Calgary Economic Analysis for March 2012 reports nothing but increases for many of our key housing indicators.
Looking at March 2012:
Residential sales in Calgary reported 2,647 in unit sales. This was a 16.5% increase compared to 2,273 in March 2011.
Calgary Sales to New Listings at 58.45 was slightly elevated by 12.5% from 51.95 in March 2011.
The Average Price for Calgary Residential was just under $409,000, up 2.7% from $398,000 in March 2011. This may not have been a huge increase, but supports a steady upward trend since 2009.
Leaving the best for last -
Housing Starts in the CMA (Calgary Metropolitan Area) reported 1,069, a whopping 165.2% increase from 403 in March of 2011. This number not only indicates growth in the new construction market, but retail as well. All those new homeowners are going to be shopping for furniture, lawn and garden supplies, appliances, etc.
It feels great to start off the busy spring season with some positive news about the Calgary market!
Ryan & Sheri MacDonald are Calgary Realtors® with the Calgary Home Team in Calgary, Alberta.