Latest edition of Price Survey of Royal LePage House revealed that aggregate rate of a home in Calgary real estate market hiked by 5.0% over a year in 3rd quarter of 2017, up to by $479,211.
In the terms of some asset classes, median price of 2 storey home hiked by 4.8% over a year in same time frame, up by $520,624. As, median price of a home grew by 7.3% to $505,925, as median price of a condo saw slight of hike by 0.8% over a year uptick by $297,558 in Calgary real estate market. A handcover is available by name of “This is Calgary” to know about price growth in Calgary Real Estate Market.
Royal LePage Benchmark owner of Corinne Lyall said that they are a region. Number of home price are promising, they are comparing all of this quarter with same period in year 2016, when prices were depressed. This kind of uplift is very good sign and they remain optimistic in Calgary real estate market.
Lyall explained that both sellers and buyers in Calgary real estate market were waiting on sidelines to show huge number of signs of recovery that started to reengage in the recent months. Here a Wealthy Renter is available which tells that How to Choose Housing That Will Make You Rich. In recent quarter, listings inventory has outpaced demand, this will act to keep lid on increase of price on immediate terms. Buyers are just feeling that this is very right time to act and seems to be very happy with selection of properties to choose from Calgary.
Lyall also stated that confidence of consumers in Calgary real estate market has improved signs of hike in stability in local economy, he also added that until they notice price of oil stabilize over by $50 per barrel and increase in full time employment, recovery will be continued to get slow down.