JULY 2007
CALGARY REAL ESTATE MARKET UPDATE

At the end of June our single family properties listed for sale hit an all time high for this year. Though our inventory has reached peak levels, sales are still holding strong. The average sale price is up to $505,920 this month, but don't let this number fool. An unusually large number of proper-ties sold this month above the million dollar mark and are bringing our average sale price up. Our median sale price tells the story, it declined by 1%, going from $439,000 in June to $435,000 in July.

We anticipate prices will level off, and that we will main-tain a stable market going into our secondary market cycle which typically starts in September.

Tisha McKenna

Prudential Toole Peet

(403) 869-9730

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