This report gives you information on all the important indicators on whats happening in Calgary. Real time, Real Estate Market stats at a glance for the Month of August 2011. These stats break the market down into what’s important and eliminates all the extra. Data is from the August Calgary Real Estate Boards Monthly stats package.
Calgary Listing
Inventory: Inventory levels for Both Single Family homes and Condo’s stayed very flat this month. This is generally a good number however with sales levels it would balance the market a little more if our inventory dropped slightly.
| Inventory | July 2011 |
August 2011 |
Change |
| Single Family Home | 4630 | 4573 | (57) |
| Condo’s | 2003 | 1997 | (6) |
| Total | 6633 | 6570 | (63) |
Calgary Sales:
Calgary sales for the month of August showed marginal decreases for single family homes and a slight increase for condos. Sales numbers dropping is very normal at this time of year as the peak selling season is typically April through June. Interestingly
sales in August 2010 were 865 Single family homes and 468 condos for a total of
1333 showing an increase of 18% this year over last.
| Sales | July 2011 | August 2011 |
Change |
| Single Family Home | 1153 | 1106 | (47) |
| Condo’s | 453 | 468 | +15 |
| Total | 1606 | 1574 | (32) |
Calgary Real Estate
Sales Prices: Median prices for Single Family homes decreased by $6,749 and condo’s decreased by $14,000 in August. To me this is not alarming as the direction is not a trend. We seem to bounce up and down every month but overall prices are remaining fairly stable.
| Sales Prices | July Median Prices |
August 2011 | Change |
| Single Family Homes | $409,000 | $402,251 | ($6749) |
| Condo’s | $269,000 | $255,000 | ($14,000) |
Overall we are still in a buyer’s market – this month we moved slightly more in favour of buyers as our inventory stayed flat while sales did show a slight decrease therefore increasing our absorption rate.
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If you have any questions about this summary, the attached
stats package or any Real Estate questions please feel free to contact us
anytime.
Gord & Brent & Eric
Tags: Business/Finance, Calgary, Calgary Home Prices, calgary market, calgary real estate, calgary real estate prices, Calgary Real Estate Stats, Condominium, Real estate economics, real estate market