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How do buyers make offer in Calgary market? Muitiple Offers are common.
Buyers need to be informed when making an offer on property in Calgary. For the typical purchaser the days are gone where you can make "low ball offers". The buyer should be asking are we in competition? Are there multiple offers?  If the property has just been listed the seller is expecting full list price, or more. If the property is in good location, in great condition and priced for the market then expect multiple offers. 3 to 5 offers are not uncommon, or even more. It can be frustrating for buyers, but due to low inventory, buyers have to account for competition. 
Useful Advice for mutiple offer situations
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Average Sold Price Calgary Housing - July 2023

Chart shows average sold price for last 3 years. (year to date)


City of Calgary, July 4, 2023 - The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels. Notably, there hasbeen a positive trend in new listings, providing relief and a monthly increase in inventory levels. However, despite these improvements, the inventory for June stood at 3,458 units, marking a decline of over 36 percent from last year and reaching the lowest levels for June in nearly two decades.

“The demand for housing remains robust, bolstered by a healthy labour market and increased migration levels, which helps offset the impact of higher lending rates,” said CREB® Chief Economist Ann-Marie Lurie. “Although we have seen some recent improvements in new listings, particularly for apartment condominiums, it is not enough to cause any substantial change from the low inventory situation in our city.
While new home starts are on the rise, it will take time to observe their impact on supply.” With a supply of just over one month, the  current market conditions continue to favour sellers, placing upward pressure on home prices. In June, the total residential benchmark price reached $564,700, representing a monthly unadjusted gain of one percent and four percent higher than last year's levels.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.