Initial estimates are that the average number days a single-family home in Calgary was on the market before it sold was 52.
Photograph by: Archive, Calgary Herald
CALGARY - It's taking Calgarians longer now to sell their homes on the MLS market.
According to preliminary unofficial data on the website of realtor Mike Fotiou, of First Place Realty, so far this month up until Sunday the average days on the market for a single-family home to sell was 52 while it was 53 days for condominiums.
In August last year for the entire month, single-family homes were on the market for an average of 42 days prior to a sale while condos were averaging 47 days.
Last month, the days on the market were 45 for single-family homes and 51 for condos.
So far this month, the single-family home sale price on 401 transactions was $458,699. July had 915 sales for an average of $464,655 and August 2009 had 1,277 for an average of $454,130 for the entire months.
Month-to-date, condos are averaging $290,081 on 155 sales. For the entire month, July had 396 transactions for an average of $291,168 and August 2009 had 632 sales for an average of $283,330.
mtoneguzzi@theherald.canwest.com
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