According to recent reports, Calgary is now one of the most in demand cities in Canada when it comes to selling residential homes. Not only is Calgary real estate on the rise once more, but it has also seen a very high percentage of houses selling over the list price. The real estate market in the city is very active and due to the high demand, most properties are actually selling more than their asking price.
If you are a prospective buyer of a house in Calgary, you will find that there is a high possibility that you would have to pay more than the listed price. This is due to the fact that many offers are being received for a single property and houses are being sold in a matter of hours only
Based on the figures from the Calgary Real Estate Board, also known as CREB, there is a significant increase in the trend today and the probability of its continuous growth is something to be expected.
The Figures
In April of last year, there were a total of 2,544 properties sold in the city of Calgary. There were only 265 properties from this total last year that were sold more than their asking price. On the other hand, according to the record for April of this year, the total number of properties sold was 2,377. From this, there were 529 properties that went for more than the asking price.
From these numbers, one can see that the trend for repeat home sales has indeed increased. Reaching almost double of what the recorded figures were from April of last year.
Real estate agents in Calgary are definitely on the move recently because of this change in the market. Many real estate experts and economic analysts have stated that this major rise in Calgary real estate is a reflection of the progressive conditions of the city.
To those people planning to purchase a home in Calgary at this time, it is highly recommended that you consult with reliable and trustworthy real estate agents. They can help you find a good offer during this period when the market for buying a house is very competitive.