Help Your Friends Become Home Owners

If you know someone who is planning to purchase a home in 2009 please let them know about the free Starter Kit available from CalgarysNextHomeOwner.com

Starter Kit Includes:

-  Current Market Report

- A-Z Guide Book
- Buyers’ Guide Audio CD
- Additional Closing Costs
- List of qualified lawyers, mortgage brokers and home inspectors

Increasing Momentum and Optimism but Sales Still Slow

The January 2009 Calgary Real Estate Board statistics were released by the CREB yesterday with no big surprises. We saw the expected bump in number of sales compared with the holiday month of December 2008 (up 22%). During the month, single family home sale prices averaged $413,000 - down about 1% from last month.

The number of listings on the market is holding steady around 4,000 and with the increased sales this has resulted in a reversal of the trend with supply growth outpacing demand growth. It’s still a strong buyers market with 7.35 months of supply for Single Family Homes and 8.55 months of supply for condominiums.

Most people who are house-hunting in this market will tell you that the numbers can be a bit deceiving. With close to 8 months of supply you would expect to have an enormous selection of immaculate, well priced homes to choose from. The reality is that a relatively small number of properties are outshining the competition and those are the ones selling quickly and close close to their asking price.

Realty Professionals

#10, 6020 1A St SW

Calgary, AB

Michael Bladon

Realtor®

ph: 403-464-3422

homes@michaelbladon.com

www.michaelbladon.com

Michael Bladon
ph: (403) 464-3422

homes@michaelbladon.com

Thank you!

Thanks for your ongoing referrals. My business wouldn’t be a success without the support of people like you.

Realty Professionals