September Real Estate Market Update 2023

September Update from Plintz Real Estate

School is back, fall is in the air, and the real estate market is set for an incredible run.

**Market Insights**

The real estate scene in Calgary?

One word: blazing. For property owners, it’s a golden period – prices are rising, no ifs or buts. If you’re scratching your head, ring me up, and we can chat.

 It boils down to the good old supply and demand. It’s the guiding principle right now and it is helping us carve out tailored strategies for our you.

Here’s the snapshot:  Calgary Real estate stats from Creb for August 2023

  • Nearly 3,000 sales this month.
  • Still holding at only one month’s supply.
  • Benchmark price reached $570,700 (the 8th consecutive monthly gain)
  • Tight rental markets and relative affordability are helping condo sales – 22%
  • A whopping 87% sales-to-listing ratio.

In layman’s terms – a power-packed seller’s market. But buyers hang in there. Patience is gold (says the guy with almost none), but that’s also why we are good at getting things done for buyers and sellers. In this market although you gotta go quick. Strategy matters more than ever. Just remember: don’t leap too soon and land on something you might regret. That’s where we jump in to guide you.

One last stat, sales are actually down by 15% compared to last year. That means we’re even more geared up to assist you with lots of bandwidth and expertise from our team at Plintz Real Estate.


Detailed market update statistics from the Calgary Real Estate Board for August 2023 are available HERE.

Contact us directly for the stats on Airdrie, Cochrane, Rockyview, Bighorn, or other areas in the Calgary region.