Calgary’s housing market to continue its path to recovery

CREB market update forecast august 2011Following steep declines in 2010 sales, the Calgary residential resale market is on the path to recovery. Single family sales will lead the growth with an anticipated 8 per cent increase in sales. Prices are expected to record a moderate increase, mostly due to an increase in higher-end sales and consumer appetite for somewhat discounted higher-end homes. The improved selection of homes in all price ranges will continue to contribute to the balanced conditions in Calgary's housing market.

On the condominium side, gains in the market have been slower, due to ramped up supply in the new condominium market and improved selection of single family homes in a wider price distribution. Condominium…

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The City of Calgary's new "search-centric" www.calgary.ca site powered by Google's Search Appliance is featured on the Official Google Enterprise Blog today.

Interesting research showed:

- Over 93% of Calgarians use the Internet. 
- Only 18% of traffic came directly to our home page - 55% of people came from search engines, primarily Google. 
- Citizens want to interact with us online, instead of spending time on the phone or in-person - 60% noted better convenience, such as not having to drive to a city facility. Others noted speed and 24/7 availability. 
- More than 40% of Calgary citizens said they wanted more services online.

After a short beta period, "Early metrics show that only 4% of visits to the old calgary.ca used the internal search…

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We have just listed 12 Lake Adams Place SE for sale in the popular Calgary community of Lake Bonavista!

View the full listing details including pictures, Google Map information and more! MLS® C3488261

Lake Bonavista Bungalow with Quiet Location!
Calgary Lake Bonavista MLS® REALTOR® listings for saleFantastic Quiet Location! Super Value! Close to major transportation routes, shopping, recreational facilities, amenities. Live in this beautiful lake community and enjoy nearby fabulous Lake Bonavista. The master 3-piece bath and the 4-piece bath upstairs have been recently beautifully renovated. Home is spacious with three bedrooms up, lovely sunken living room with wood burning fireplace, dining room and kitchen with eating nook overlooking lush back yard with patio and deck. Enjoy the lilacs from your…

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Market improvements driven by clients looking for valuecrebjuly-2011-absorption-rate

Calgary, August 2, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), residential sales continue to trend towards recovery.  After the first seven months of the year, single family and condominium sales totaled 11,798, a 5 per cent increase over the previous year.  While the improvements signal market recovery, overall sales levels remain 17 per cent below the 10-year average for this period.

"The recent rise in average days on market, especially in the single family sector, shows that while properly priced homes are selling quickly, over-priced listings remain on the market for a longer period of time. Improving market conditions may have signaled some sellers to be…

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