Marnie Campbell Real Estate Team Blog - calgary housing market statistics

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

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

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

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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Is a Calgary Housing Price Correction Expected?

According to the Calgary Real Estate Board, single family house prices in Calgary increased 4.5 per cent, in part due to the slight decrease in new listings. New listings of single family homes were down almost 14 percent this August compared with August of last year. As a result of the decrease in new single family listings, many Calgary home buyers looked to condominiums or areas surrounding Calgary.

Residential home sales in areas around Calgary like Airdrie, Cochrane and Okotoks were very brisk with an increase of 42 per cent in August compared to last year. Although Calgary sales were not as active as surrounding areas, there was still a 10 per cent increase during the same period.  The greatest number of sales in Calgary for the month of August…

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Calgary housing market not cooling like Vancouver and Toronto.

The Calgary housing market statistics for July 2012 show steady growth despite cooling residential property sales activity in other Canadian markets like Vancouver and Toronto. Canada's two largest cities have seen some big housing market swings in 2012, but Calgary's positive migration and an increase in confidence in the economy have helped the city maintain a balanced market.

According to the Calgary Real Estate Board, MLS residential homes sold in Calgary increased by 21.22 per cent in July 2012 from 2011. The average sale price for the month of July also increased to $422,680 from $412,532 in 2011, an increase of 2.46 per cent. New listings in Calgary decreased by 5.22 per cent in July compared to last year, giving the city a 3 month supply. This…

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Calgary Buyers Feeling a Bit More Urgency

Calgary has seen a very active May and June. The first few weeks of June 2012 residential sales in Calgary have followed May’s lead and continued to be impressive. According to the Calgary Real Estate Board, June 1-12, MLS® sales in Calgary have increased 11.81 percent from the same period in 2011.

The recent activity in single family sales has been from the less than 2.5 months of supply in the Calgary market, which is causing buyers to feel a bit more urgency when making their purchasing decision.

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