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Copyright Enforcement & Reprint Check Tool: Article Reprints In Google Article Reprints In Yahoo! Article Reprints In MSN Article Reprints In Widow Search Article Reprints In WindSeek Article Reprints In AllTheWeb Article Reprints In AltaVista Original Distribution Date: 2008-02-26 10:24:00 Word Count: 413 Times Viewed: 201 Article Rating: 1.00 Votes Cast: 1 Google PageRank: 0 PR Last Checked: 2008-02-20 Author Overall Stats: Times Viewed Overall: 686 Author Overall Rating: 1.00 Votes Cast Overall: 1 More Articles By This Author: Articles On This Website Make Money Online FREE Getting Started Package Available Would You Like To Own Your Own Article Directory? We Recommend Article Friendly. Save Money on Auto Parts Sign up to sell more than a dozen top-selling products Download the Niche-Browser for FREE! Mobile Phone Review http://thephantomwriters.com/free_content/db/m/houses-to-buy-in-calgary.shtml Houses To Buy In Calgary – Get Informed Before You Buy Copyright © 2008 Lynn MacKenzie The average sale price of a single family home in Calgary increased by $72,000 in 2007 compared to the previous year while the average price of a condo increased by almost $53,000. The average price for a single family home in Calgary for 2007 was up 17.94 percent from 2006 averaging $472,000. What should we expect in 2008? There will be a 5 per cent drop in single family listings in Calgary compared to that of 2007 and sales will also drop by 5 per cent. The average single family home should increase by 5 per cent to approximately $495,800. There will be a 5 per cent drop in listings in the Calgary condo market compared to that of 2007 and condo sales will drop 5 per cent as well over 2007. The average condominium price should rise by 6 per cent to approximately $335,300. It is expected that listings in towns surrounding Calgary will drop by 5 per cent over 2007 and sales will drop by 5 per cent as well over 2007. The average price for these communities should rise by 5 per cent to approximately $396,000. The way listings are fluctuating it is predicted that the first part of 2008 might be a bit of a roller coaster ride but should move closer to normal market conditions. Why did the house prices in the Calgary real estate market soften? Simple, supply and demand. Closer to the end of 2007 Calgary's listing inventory exceeded 5.5 months of supply. This means that if there were the same number of buyers as in the past month it would take 5.5 months to sell what's on the market. Normally is takes about 2-3.5 months to sell the average home. This increase in inventory has made it a strong buyers market in the second half of 2007. Many buyers planned to take advantage of the real estate boom by purchasing new construction condos and houses to buy in Calgary. With in influx of properties on the market buyers could be more selective when deciding to purchase. This hesitation and the increase number of properties has slowed down the resale real estate market. We've seen builders lowering their prices for units below what they were priced at for the previous year. It is speculated that over forty percent of properties listed for sale on the Multiple Listing Service are either vacant or tenant occupied. This indicates that a lot of investors don't want to remain investors anymore. About The Author: Lynn MacKenzie is a former realtor and owner of http://www.MyCalgaryListing.com, one of Canada's most impressive FSBO resources. Lynn is an active consultant and author about the growing For Sale By Owner industry BlinkBits Blinklist BlogMarks Co.mments Connotea Delicious Delirious Digg it Fark it Furl This Link A GoGo Magnolia Netvouz Raw Sugar Reddit Scuttle Seed This Shadows Simpy Smarking Spurl This TailRank Wists Feed Me Links Technorati Cosmos YahooMyWeb VOTE ON THIS ARTICLE Needs Work >> 0 - 1 - 2 - 3 - 4 - 5 << Excellent Article Tell our authors what you think about their article. Automatically Post This Article To Your Blog by inserting your Email-To-Blog Address, as can be set up in your Blogging software: "Link Back To This Article" Copy-And-Paste Are You Using This Article? We want to know about it. HTML Article Copy-And-Paste <font size=+2>Houses To Buy In Calgary – Get Informed Before You Buy</font><BR> Copyright © 2008 Lynn MacKenzie<BR><BR><BR> The average sale price of a single family home in Calgary increased by $72,000 in 2007 compared to the previous year while the average price of a condo increased by almost $53,000. The average price for a single family home in Calgary for 2007 was up 17.94 percent from 2006 averaging $472,000. What should we expect in 2008? <BR><BR> There will be a 5 per cent drop in single family listings in Calgary compared to that of 2007 and sales will also drop by 5 per cent. The average single family home should increase by 5 per cent to approximately $495,800.<BR><BR> There will be a 5 per cent drop in listings in the Calgary condo market compared to that of 2007 and condo sales will drop 5 per cent as well over 2007. The average condominium price should rise by 6 per cent to approximately $335,300.<BR><BR> It is expected that listings in towns surrounding Calgary will drop by 5 per cent over 2007 and sales will drop by 5 per cent as well over 2007. The average price for these communities should rise by 5 per cent to approximately $396,000.<BR><BR> The way listings are fluctuating it is predicted that the first part of 2008 might be a bit of a roller coaster ride but should move closer to normal market conditions.<BR><BR> Why did the house prices in the Calgary real estate market soften?<BR><BR> Simple, supply and demand. Closer to the end of 2007 Calgary's listing inventory exceeded 5.5 months of supply. This means that if there were the same number of buyers as in the past month it would take 5.5 months to sell what's on the market. Normally is takes about 2-3.5 months to sell the average home. This increase in inventory has made it a strong buyers market in the second half of 2007.<BR><BR> Many buyers planned to take advantage of the real estate boom by purchasing new construction condos and houses to buy in Calgary. With in influx of properties on the market buyers could be more selective when deciding to purchase. This hesitation and the increase number of properties has slowed down the resale real estate market. We've seen builders lowering their prices for units below what they were priced at for the previous year. <BR><BR> It is speculated that over forty percent of properties listed for sale on the Multiple Listing Service are either vacant or tenant occupied. This indicates that a lot of investors don't want to remain investors anymore. <BR><BR> <B><I>About The Author:</I></B><BR> <table border=1 cellpadding=4><tr><td><font size=2 face=verdana> Lynn MacKenzie is a former realtor and owner of <a href=http://www.MyCalgaryListing.com target=_blank>http://www.MyCalgaryListing.com</a>, one of Canada's most impressive FSBO resources. Lynn is an active consultant and author about the growing For Sale By Owner industry </font></td></tr></table> <BR><BR><font size=1 face=verdana>Article Source: <a href=http://thePhantomWriters.com/ target=_blank>thePhantomWriters Article Submission Service</a></font><BR><BR> TEXT Article Copy-And-Paste Houses To Buy In Calgary – Get Informed Before You Buy Copyright © 2008 Lynn MacKenzie The average sale price of a single family home in Calgary increased by $72,000 in 2007 compared to the previous year while the average price of a condo increased by almost $53,000. The average price for a single family home in Calgary for 2007 was up 17.94 percent from 2006 averaging $472,000. What should we expect in 2008? There will be a 5 per cent drop in single family listings in Calgary compared to that of 2007 and sales will also drop by 5 per cent. The average single family home should increase by 5 per cent to approximately $495,800. There will be a 5 per cent drop in listings in the Calgary condo market compared to that of 2007 and condo sales will drop 5 per cent as well over 2007. The average condominium price should rise by 6 per cent to approximately $335,300. It is expected that listings in towns surrounding Calgary will drop by 5 per cent over 2007 and sales will drop by 5 per cent as well over 2007. The average price for these communities should rise by 5 per cent to approximately $396,000. The way listings are fluctuating it is predicted that the first part of 2008 might be a bit of a roller coaster ride but should move closer to normal market conditions. Why did the house prices in the Calgary real estate market soften? Simple, supply and demand. Closer to the end of 2007 Calgary's listing inventory exceeded 5.5 months of supply. This means that if there were the same number of buyers as in the past month it would take 5.5 months to sell what's on the market. Normally is takes about 2-3.5 months to sell the average home. This increase in inventory has made it a strong buyers market in the second half of 2007. Many buyers planned to take advantage of the real estate boom by purchasing new construction condos and houses to buy in Calgary. With in influx of properties on the market buyers could be more selective when deciding to purchase. This hesitation and the increase number of properties has slowed down the resale real estate market. We've seen builders lowering their prices for units below what they were priced at for the previous year. It is speculated that over forty percent of properties listed for sale on the Multiple Listing Service are either vacant or tenant occupied. This indicates that a lot of investors don't want to remain investors anymore. ============================================================ Lynn MacKenzie is a former realtor and owner of MyCalgaryListing.com, one of Canada's most impressive FSBO resources. Lynn is an active consultant and author about the growing For Sale By Owner industry. ============================================================ Read More Articles From Lynn MacKenzie: http://thePhantomWriters.com/free_content/d/index.shtml#Lynn_MacKenzie Article Description Copy-And-Paste The average sale price of a single family home in Calgary increased by $72,000 in 2007 compared to the previous year while the average price of a condo increased by almost $53,000. The average price for a single family home in Calgary for 2007 was up 17.94 percent from 2006 averaging $472,000. What should we expect in 2008? Article Keywords Copy-And-Paste *** Digital Reprint Rights *** If you publish this article in a website/forum/blog, You Must Set All URL's or Mailto Addresses in the body of the article AND in the Author's Resource Box as Hyperlinks (clickable links). Links must remain in the form that we published them. Clean links should point to the Author's links without redirects having been inserted into the copy. You are not allowed to Change or Delete any Words or Links in the Article or Resource Box. Paragraph breaks must be retained with articles. You can change where the paragraph breaks fall, but you cannot eliminate all paragraph breaks as some have chosen to do. Email Distribution of this article Must be done through Opt-in Email Only. No Unsolicited Commercial Email. 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