# @jessicachanteamyyc on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CkcFXE9pvT0
- **Gondola URL:** https://gondola.cc/posts/2715691-jessicachanteamyyc-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/e12cc79c1f.jpg
- **Posted:** 2022-11-02T00:41:14.000+00:00
- **Account Owner:** Jessica Chan Home Selling Team | Calgary Realtor (@jessicachanteamyyc) — https://gondola.cc/jessicachanteamyyc

## Caption

October Real Estate Market recorded 1,857 overall sales due to slower sales activity in detached homes, 15% less than last year. Here are key takeaways👇

🏡 Detached Home Benchmark Price is $623,900. 11.7% increase 📈 from Oct 2021.

🏫Condo Benchmark Price is $277,800. 10.5% increase 📈from Oct 2021

🔹“New listings trended down this month causing the sales-to-new-listings ratio to rise to 85 ％ and inventories to trend down. Much of the inventory decline has been driven by product priced below $500,000.”

🔹 Although not immune to inflation and rising borrowing rates, Calgary Housing Sales haven’t been affected as other areas in Canada due to strong employment growth, positive migration flows, and a stronger commodity market are helping offset some of that impact.

🔹Tighter Market conditions continue to favor seller in the lower price ranges
 
🔹3356 units in Total, 1720 Single Detached Homes as of Nov 1, 2022.

Source: CREB

Are you planning to sell or buy? Call or Text us at 403-241-9800 TODAY! We are here to help!

Follow @jessicachanteamyyc or visit www.jessicachan.ca for more listings in #yyc !
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Jessica Chan Real Estate & Management Inc.

📲 403-241-9800
📧jessica@jessicachan.ca
✨Top 10 (MLS) Selling Team in Calgary since 2012
✨ We care and listen to your needs.
🏡 www.jessicachan.ca
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#calgaryrealestate #calgaryrealtor #housingmarket #calgaryhomes #yychomes #yycre #househunting #residential #seller #calgary #calgarylistings #detachedhomes #condo #yycrealestate #realestateagent #realestateinvesting #propertyforsale #calgaryalberta #yycinvestments #sellingrealestate #albertarealestate #buyingandselling #nwcalgary #swcalgary

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## Tags

housingmarket, calgaryrealestate, househunting, realestateagent, realestateinvesting, condo, yychomes, calgarylistings, calgary, yycinvestments, calgaryhomes, yyc, nwcalgary, swcalgary, seller, calgaryalberta, yycrealestate, buyingandselling, calgaryrealtor, detachedhomes, albertarealestate, yycre, propertyforsale, residential, sellingrealestate

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- @JessicaChanHomeSellingTeam on Facebook — https://gondola.cc/posts/3405432-JessicaChanHomeSellingTeam-facebook

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