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Saturday, January 7, 2012 Market Slow But Steady!
Single family homes found median and average sale prices lose momentum in December compared to November, which is very normal for the Calgary market, but slightly gained when looking at last years December.
Condominiums made a slight gain in the median and average sale price from last December 2010 and our previous month of November 2011.
Overall, very slight changes in the amount of sales and median/average sale prices. Calgary trends to do much better in the Spring market which seems to begin in January and often lasts until May or June. Last years market showed a 9% increase from December 2010 to May 2011, all within 6 months. Friday, December 9, 2011 Year to Date 2011
Single Family Inventory/Sales & Median Sales Prices
Home prices have been steady since the summer months holding a median single family home price of $400,000. Our winter market has less sales happening, which has been Calgary’s trend for many years past. The market has been able to stay on track with buyers being able to take advantage of the low interest rates. Including condo’s and single family homes, we are just under 5900 active listings with just over 50 days averaging to sell on the market. November’s MLS Metro sold about 26% of its inventory.
We Hope You Have A Merry Christmas and a Great 2012!!! Friday, November 4, 2011 Year over Year Sales Still Up in October!
In October there were a total of 988 sales for the Single Family Home market. The difference from October 2010 of 101 homes. Last month there were 48 more SF homes to sell. As for the Condo market, there were 368 condos to sell, more sales than in last years October by 61 units, but less than last month by 60 units. The good news is that Calgary had a longer momentum and an increase in sales, so far, in this years market before it started to slightly trend downward. This downward trend before the snow months is very typical. Our next drive in the market usually begins again late January to February.
Wednesday, October 5, 2011 September 2011 Calgary Real Estate Market The median price has just started to claw back as did the market to last year, although the number of sales increased. The average sale prices were also pretty similar to last years stats. The noted difference seems to be the longer lasting Spring market compared with last years, but is now on its downward trend as typical with most years in the Calgary market. Thursday, September 1, 2011 August Sales Were Up!Calgary, September 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), sales for upper-end homes are above the pace set a year ago. As of Wednesday August 31, there were 948 single family sales over $700,000 recorded this year, compared to 779 reported for the same period in 2010.
At the same time, sales for condos priced below $200,000 also received a boost, pointing to a growing number of first-time homebuyers taking advantage of affordability and low mortgage rates. There were 834 condo sales below $200,000 this year compared with 596 for the same period in 2010.
“We are seeing a lift in sales at both ends of the market,” says Sano Stante, president of CREB®. “Improving economic conditions coupled with affordability and price stability has given Calgary a boost in buyers for upper-end homes and entry level condos.”
According to figures released today by CREB® (Calgary Real Estate Board), the year to date average price for single family resale homes reached $468,051, a one per cent rise over last year. Condominium prices continue to remain one per cent lower than last year’s figures with an average price of $288,167 after the first eight months. The 2011 year to date median price of single family and condominium homes were a respective $410,000 and $263,000.
“When looking at Canada’s major cities, Calgary is one of the most affordable regions for homeownership in the country,” says Stante. “Buyers are benefiting from improved selection at all price ranges in the market. In fact, nearly half of all single family homes sold year to date were priced below $400,000. Well priced properties seem to be moving in this market.”
The single family market recorded 1,106 sales in the month of August 2011. This is an increase of 28 per cent when compared to August 2010 sales, which were the lowest levels of August sales since 1994. Year to date sales of 9,485 are 10 per cent higher than last year’s figures.
Single family inventory levels reached 4,573 in August, a nine per cent decline over last year’s levels. The recent rise in listings was counteracted by robust sales, keeping absorption levels at four months compared to the six months recorded in August 2010.
As in the single family market, condominium inventories of 1,997 were lower than last year’s levels. The market conditions have changed significantly as inventory levels continue to decline. Recent improvement in sales, combined with lower listings, has resulted in a year over year decline in the months of supply.
Condominium sales amounted to 468 units in August 2011, with a year to date total of 3,885 similar to levels recorded in the first eight months of 2010.
Stante states “With Calgary’s energy sector slated to grow, it is expected to lift the city’s employment, income and in-migration, and in turn help contribute to growth in the resale market. We expect price growth to improve as we approach the end of 2011 and move into 2012.” Calgary Real Estate Board
Categories: Calgary Market Trend |
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