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Calgary condo, home prices drop


Misc CDN | 206750 hits | Oct 08 12:06 pm | Posted by: tritium
4 Comment

The average MLS sale price of a single-family home in Calgary metro dropped by nearly six per cent in September compared with a year ago while condo prices fell by more than 10 per cent, according to data released this afternoon by the Calgary Real Estate

Comments

  1. by avatar tritium
    Wed Oct 08, 2008 9:20 pm
    mtrb, no more T-Bone steak.. now you have to eat pork.

  2. by avatar Brenda
    Wed Oct 08, 2008 9:27 pm
    Year-to-date, up until the end of September, single-family home sales are down 25.1 per cent compared with a year ago for the first nine months of 2008 while the average sale price is down 2.4 per cent and the median price is down 2.89 per cent.

    In the condo market, sales for the year have plunged 30.23 per cent while the average sale price is down 3.33 per cent and the median sale price is off by 4.24 per cent.



    Well, obviously, what goes up must come down, and since people can not (or will not) afford it anymore... This sounds like normal market to me...

  3. by avatar RUEZ
    Wed Oct 08, 2008 10:39 pm
    I've got a friend in Calgary trying to sell his townhouse. It's been on the market for a long time.

  4. by avatar Toro
    Wed Oct 08, 2008 11:13 pm
    There's more downside to come. Perhaps a lot more.



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Who voted on this?

  • tritium Wed Oct 08, 2008 11:19 am
  • WDHIII Wed Oct 08, 2008 1:23 pm
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