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Calgary, Canada housing prices predicted to jump 3% in 2012..
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La Quinta Date Farm
I’m feeling pretty good because the Palm Springs Valley in general and La Quinta in particular has been rebounding in both sales numbers, a dip in foreclosure home numbers and an actual increase in price/sf in small pockets of developments..yeah!
I try to keep a general feel for the Canadian markets…mostly Vancouver and Calgary real estate because I have so many Canadian friends and clients. This morning this article came online from the Calgary front page with regards to where the Real Estate market is heading in Calgary, Canada for 2012.
Basically saying they are predicting entry level homes to continue to move..entry level in Calgary is approx. $350,000 – $450,000..wow! Here our entry level is about $150,000-$200,000. Anyway, they are also predicting Value increases for homes at approx. 3% in 2012. Isn’t that fantastic? Luxury Homes in Calgary, as with Luxury homes here in La Quinta and the desert area, are moving rapidly. I have seen a huge uptick in sales in the over 1 million price range the last quarter of 2011 and it will continue into 2012.
Calgary has a stable economy, loan rates are low, and builders are pulling permits for single and multiple family projects. We are all intermingled these days and any City that is on the move to real estate recovery is going to affect our own local sales. Go Calgary!!
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