Marnie Campbell Real Estate Team Blog - average Calgary home price

Early spring in Calgary was cool, but that was not the case for the housing market.

Posted by Marnie Campbell on May 20th, 2014

House sales in certain Calgary communities and specific real estate price ranges have been more than warm this spring. March saw declining new listings in single family homes in addition to brisk sales. An increase in housing demand has come from an attractive economy, increased immigration to the city and a tight rental market. This resulted in the lowest level in inventory Calgary has seen since 2006.

Early spring has favoured the seller with many homes selling at or above list price and with multiple offers. This year 2,377 properties sold in April, and 529 of them for more than list price. The unadjusted single-family benchmark price totaled $496,700 in April, a nearly 10% increase over April 2013 and up slightly over 1% from March figures.

For…

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Low Inventory in Calgary Has Impact on February Home Sales

Posted by Marnie Campbell on March 10th, 2014

February 2014 saw the number of listings for single family homes decrease by almost 5 per cent with 89 fewer listings than the same month last year. The first time home buyers trying to get into starter homes priced below $300,000 are particularly having a hard time with low inventory.

Despite the low inventory single family homes sales increased by 1.9 per cent over the previous year with 1,230 sales. The benchmark price for single family homes in Calgary in February was $482,800 an increased of 9.11 per cent over the previous year. Average days on the market dropped to 29 last month from 37 in February 2013, a decrease of 20.67 per cent.

Condo apartments and condo townhomes actually had an increase in listings in February with a 26.71 per cent and…

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January Housing Sales in Calgary a Good Start to the Year

Posted by Marnie Campbell on February 2nd, 2013

January was a strong start to the year as Calgary saw a 15 per cent increase in residential real estate sales and a 12.34 per cent increase in the average home price compared to the same period in 2012. In fact, it was the best  January for homes sales since 2008.

The average sale price of a single family home in Calgary for the month of January increase by 12.74 per cent to $496,579 compared to January sales in 2012. The average sale price of condo apartments saw an increase of 13.09 per cent to $280,273, while condo townhomes rose by 7.61 per cent to $320,590.

Calgary had 1,230 total MLS sales for the month of January, up 15.17 per cent over last year. Single family home sales were up 15.20 per cent to 879, while condo apartment sales were up 13.97…

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