Hello Team RED,
(click to watch if you don't want to read)
Hey Team,Winter’s coming, and the market knows it!
Showing activity in Alberta has really hit the brakes, dropping 19% below the weekly average, with Calgary following the same trend. But don’t let the slowdown fool you—there’s still plenty of action in the $500K to $700K range, which accounts for 36% of all activity. So, if you’ve got listings in that range, you’re in the sweet spot!
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Listings & Sales:New listings coming to market are at their lowest levels since March, but sales are holding strong—7% above the November average. We’re still on track for the 2nd or 3rd highest November sales volume in Calgary’s history.
The higher sales, paired with fewer new listings, have brought months of inventory down to 3 months, keeping the market competitive. It’s a balanced market, but it’s still got that edge!Price Range Highlights:
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- $150K to $250K and $400K to $600K price ranges are crushing it with a 100% sale-to-list price ratio. These are the champions of value!
Takeaway:Showings might be slowing, but sales are staying strong, and the market is competitive. It’s all about leveraging these trends—keep those listings sharp and priced to sell, and let’s ride this wave into December!Happy Selling!Happy Selling!
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Broker403.618.6984
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Steve Phillips
Broker403.618.6984
1210 20 AVE SW T2G 1M8