Just listed this stunning home In Charleswood, Calgary.
MLS # A1222468
List Price: $1,350,000
More Details and Photos: https://www.tswrealestategroup.com/for-sale/3640-chippendale-drive-nw–74805484
Just listed this awesome 908 square foot unit in the sought after Sierra’s of Tuscany.
MLS A1214181
To view all details: https://www.tswrealestategroup.com/for-sale/101-223-tuscany-springs-boulevard-nw–69338648
Listed at only $325,000
What is really happening in the Calgary Real Estate Market? Yes, there is change on the horizon!
Following is a graph that shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.
Months of Inventory
Gord’s commentary for the month (just my opinion).
March 2022 Highlights
Calgary Listing Inventory
Listing inventory increased in all sectors combined by a total of 486 listings or 11.14%. The highest increase was in Detached homes at 12.2% and the lowest was in the Semi – Detached sector of 1.87%
Calgary Sales:
This is where the largest change has happened. Total Sales for the month dropped from last month by a total of 706 sales or 17.19%. The decrease was fairly consistent across all sectors.
Sales Compared to 2021:
Calgary home sales for April were just slightly higher than in April 2021 – by 197 Sales or 1.06%
| Jan | Feb | Mar | Apr | May | June | July | |
| 2021 | 1207 | 1831 | 2903 | 3204 | |||
| 2022 | 2009 | 3305 | 4107 | 3401 | |||
| Change | + 802 | 1474 | +1204 | +197 | |||
| % Change | + 66.4% | +180.5% | +141.5% | +1.06 |
| Aug | Sept | Oct | Nov | Dec | |
| 2020 | 1574 | 1702 | 1763 | 1438 | 1199 |
| 2021 | 2151 | 2162 | 2186 | 2110 | 1737 |
| Change | +577 | +456 | + 423 | +672 | +538 |
| % Change | 136.6% | 126.7% | 123.9% | 146.7% | 144.9% |
Calgary Real Estate Benchmark Sales Prices:
The benchmark price for all sectors increased combined increased by 1.56% or $8,100. The increase was consistent across all sectors.
Calgary Real Estate Benchmark Year to Date Sales Price: See chart below.
Year to date all sectors combined have increased by $62,800 or 13.54%. The highest increase (14.91%) was in the Detached home sector while the lowest increase was in the Apartment Condo sector (8.35%).
Current Months of Inventory (Absorption Rate):
The months of inventory increased in all sectors in April by an average of .36
All sectors were equal with the lowest increase (.18) being in the Semi-Detached sector.
What might 2022 bring: (again just my opinion)
Based on what I am seeing we are on our way towards a more balanced market although if the increase in months of inventory rises at the same rate that it has been it will take us between 2 to 3 months to hit balanced. Apartment condos may reach balanced within 1-2 months. With all sectors still in a Sellers Market position we will continue to see price increases – just not to the level it has been the last 3 months.