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Calgary Real Estate Market Update – June 2024

May and June are typically the busiest months of the year when it comes to sales volume, and we are seeing that in 2024 with strong sales figures yet again. In May, Calgary recorded 3,092 sales – the highest of the year so far. However, there are some signs that the Calgary market may have seen the majority of its anticipated price gains already, with pricing up just $3,000 from April compared to a $5,000 increase the month prior. What’s been different in 2024 is that we’ve seen price gains coming earlier than we usually do. February, March and April saw pressure on the market that we typically only see in the late spring and early summer months. The takeaway is that Calgary got off to a very hot start in 2024 and might be peaking just a little earlier than we would usually expect. What other factors are having an effect on Calgary’s real estate landscape? Watch the full video to learn more. 🏠 If you are looking for specific information relating to your own Home Buying or Home Selling decision, please contact us (information below) for a No-Obligation Strategy Call. ☎ 00:00 – Introduction 00:13 – Blanket Rezoning Controversy 02:30 – New Passenger Record for YYC 02:52 – Interest Rate Cut 03:38 – End of the Line for Eau Claire Market 04:15 – The Pricing Picture 06:16 – The Sales Summary 07:07 – The Inventory Story 09:00 – The Breakdown by Housing Type 11:01 – The Wrap Up –––––––––––––––––––––––– Learn about the Redline Difference Have a real estate need or question? Book a consult with us today! ☎️ 403.407.1900 📧 [email protected] 🎥 Useful Playlists for You 🎥 Learn about the Redline Difference https://bit.ly/3ej1AZm Inside our Company Culture https://bit.ly/3egr2hT Check out our Realtor Spotlight Videos https://bit.ly/3a9Nu9c Get Real Estate Investing Tips https://bit.ly/2K15jwB Check out our Monthly Market Updates https://bit.ly/2V414GM Watch our Property Tour Videos https://bit.ly/2RD5TVE 🙌 Must Watch Videos 🙌 State of Change in the Real Estate Industry https://bit.ly/3a5j9Zm Unrivalled Ecosystem that improves the client experience https://bit.ly/3b8x1Dp 😻 Don’t-Want-to-Miss Resources 😻 Download our Ultimate Realtors Business Plan https://bit.ly/2XF2ARk Subscribe to our Redline Insiders List https://bit.ly/3clRa9z Interested in Real Estate Investing? Get on our deal of the week email! https://bit.ly/34G2v1y ☑ Please SUBSCRIBE to our channel! ☑ 🔥 Follow us on Social Media 🔥 ➡️ Facebook: https://bit.ly/3a5Bky4 ➡️ Instagram: https://bit.ly/2XypTMX _____________________________________ Redline Real Estate Group is a top Calgary real estate group. Our firm is unique as we have a Real Estate Investing division along with a New Home Build division. We have some of the top Realtors in Calgary, as well as a team of marketing experts to provide our real estate clients a complete firm behind their real estate buying and selling. We show people how to start investing in real estate in Calgary, including cash flow rental properties, rent to own and flipping houses. We also help Calgary & Area builders with their marketing and sales effort by supporting them with our full team of support. Every month we release a new Calgary real estate market update to ensure you are kept up-to-date with homes for sale in Calgary. ____________________________________ Come visit us at: #210 7015 Macleod Trail SW Calgary, Alberta, Canada