Just listed this awesome family home in Copperfield Calgary
List Price only 539,000
Full Brochure at https://www.tswrealestategroup.com/for-sale/28-copperstone-gardens-se–82543387
Just Listed
For more information or to view this home please contact us
Just Listed this Gem in North Haven Calgary.
List Price only: $530,000
Full Brochure: https://www.tswrealestategroup.com/for-sale/5004-nanton-road-nw–82508822
You Tube Video: https://youtu.be/mwPZNP4wxuc
Just Listed
For more details or to view this great home contact us
What is really happening in the Calgary Real Estate Market?
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)
April 2023 Highlights
The Calgary Market is continuing at a blistering pace!
Calgary Listing Inventory
Listing Inventory is identical to last month, this is concerning as normally at this time of year our listing inventory increases and this year it is remaining flat. It seems like everything we list is getting sold almost immediately.
Calgary Sales:
Sales increased over last year by 261 this month. Sales for Attached Row homes declined by 154 (again this is due to having no listings to sell). All other sectors increased marginally.
Sales Compared to 2022:
It is also important to look at sales compared to the Previous year. Sales for April were 711 less than last year. Again, in my opinion this is simply due to not having enough Inventory on the market.
| Jan | Feb | Mar | Apr | May | June | July | |
| 2022 | 2004 | 3305 | 4091 | 3401 | 3071 | 2842 | 2254 |
| 2023 | 1199 | 1740 | 2432 | 2690 | |||
| Change | -805 | -1565 | -1659 | -711 | |||
| % Change | -40.1% | -47.4% | -40.55% | -20.9% |
Calgary Real Estate Benchmark Sales Prices:
The overall benchmark price increased in all sectors with the overall increase being $9,000 or 1.66%. The increase was similar in all sectors. It is my opinion that until our Inventory situation changes, we will continue to see increases like this.
Calgary Real Estate Benchmark Year to Date Sales Price: See chart below.
For all of Calgary we have so far seen an increase of 6.17% or $32,000. The lowest dollar increase so far has been apartment condos at $24,600 and the highest is Detached homes at $42,300.
Current Months of Inventory (Absorption Rate):
Months of Inventory decreased in the Detached and Semi-Detached sectors and increased slightly in the Attached-Row and Apartment sectors.
My Prediction for what is ahead: Being that we are in a deep Sellers Market, we will continue to see prices increasing. As we have seen all new inventory get sold right away and no net gain, I have to predict this trend is going to continue for the next several months.
All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.
Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.
Calgary Real Estate Stats May 1, 2023
Just Listed: MLS A2042066
Video: https://www.dropbox.com/sh/u3e3h02flifyu91/AADkdMQbU98KGGCxTFK4CJyUa?dl=0
Full Brochure: https://www.tswrealestategroup.com/for-sale/157-aspen-glen-place-sw–81604885
Just Listed 157 Aspen Glen Place SW Calgary
What is really happening in the Calgary Real Estate Market?
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).
April 2023 Highlights
The Calgary Market is continuing at a blistering pace!
Calgary Listing Inventory
Listing inventory increased an overall of 17.56% in March with the highest increase in the Attached – Row sector (23.24%). The lowest increase is in the Semi – Detached sector at 11.76.
Calgary Sales:
Total Sale in March increased by 692 or 39.77% over February, far outpacing the increase in inventory. All sectors were above 23% with the highest increase in the Semi – Detached Sector at 55. %
Sales Compared to 2022:
It is also important to look at sales compared to the Previous year. Sales for March were down 40.55% when compared to last March of 2022. Although this looks like a substantial number, if we had more inventory sales would have been higher – it is a supply problem not low demand causing lower sales.
| Jan | Feb | Mar | Apr | May | June | July | |
| 2022 | 2004 | 3305 | 4091 | 3401 | 3071 | 2842 | 2254 |
| 2023 | 1199 | 1740 | 2432 | ||||
| Change | -805 | -1565 | -1659 | ||||
| % Change | -40.1% | -47.4% | 40.55% |
Calgary Real Estate Benchmark Sales Prices:
The overall benchmark price increased by $10,900 or 2.05% in March. The highest increase was in detached homes at $13,900 up and the lowest increase is in the Apartment Condo Sector which was $7500.
Calgary Real Estate Benchmark Year to Date Sales Price: See chart below.
For all of Calgary we have so far seen an increase of 4.43% or a $23,000 Increase
Current Months of Inventory (Absorption Rate):
Once again our months of Inventory decreased by .25 This number is not going to change until we start seeing more listings hit the market.
My Prediction for what’s ahead: Being that we are in a deep Sellers Market we will continue to see prices increasing. My gut feeling is we will start to see an increase in inventory in April and will work towards a more balanced market over the next 6 months.
Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.
All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.
CREB Stats
What is really happening in the Calgary Real Estate Market?
Months of Inventory in the Calgary Real Estate Market
Gord’s commentary for the month (just my opinion).
December 2022 Highlights
The Calgary Market is exploding again, as an agent I feel like I am reliving 2022!
Calgary Listing Inventory
Listing inventory increase an overall of 12.2% in February. Keep in mind that December is typically the lowest inventory months and the next several months you will see increases.
Calgary Sales:
Total Sale in February increased by 45.12% over January. This is a substantial increase however it is also important to note that this increase is substantially higher that our inventory increase which is putting upward pressure on the market.
Sales Compared to 2022:
It is also important to look at sales compared to the Previous year. Sales for February were down 47.4% when compared to last February of 2022. Although this looks like a substantial number, if we had more inventory sales would have been higher – it is a supply problem not low demand causing lower sales.
| Jan | Feb | Mar | Apr | May | June | July | |
| 2022 | 2004 | 3293 | 4107 | 3401 | 3071 | 2842 | 2254 |
| 2023 | 1199 | 1740 | |||||
| Change | -805 | -1553 | |||||
| % Change | -40.1% | -47.16% |
Calgary Real Estate Benchmark Sales Prices:
The overall benchmark price increased by $1.92% in February. The highest increase was in the Apartment Condo Sector, followed by the Attached Row Sector, Detached,
and then Semi Detached.
Calgary Real Estate Benchmark Year to Date Sales Price: See chart below.
For all of Calgary we have so far seen an increase of 2.33% or $12,100.
Current Months of Inventory (Absorption Rate):
The months of inventory decreased of.46 which is substantial. This increase was about the same in all sectors except Semi-Detached homes which decreased by .21 Even with the slight increase every sector is currently in a seller’s market position with the Attached-Row sector being the lowest months of inventory at 1.04
Question: Why is Calgary’s Real Estate Market so different from the rest of Canada.
Answer: Immigration
The number of people moving to Alberta is huge, here is a start from the Alberta Government.
Population
Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.
All numbers vary by community and price ranges, if you would like stats specifically for your neighborhood, please contact us.
Calgary Real Estate Board Stats
What is really happening in the Calgary Real Estate Market?
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 Calgary Real Estate
Gord’s commentary for the month (just my opinion).
December 2022 Highlights
The Calgary Market is exploding again, as an agent I feel like I am reliving 2022!
Calgary Listing Inventory
Listing inventory increase an overall of 10.7% this month. Keep in mind that December is typically the lowest inventory months and the next several months you will see increases. The economist for the Calgary Real Estate Board indicated that the level of new listings in January fell to the lowest level seen since the late 90s.
Calgary Sales:
Total Sale in January were 5 less than in December or down .42% It is critical to understand this is in no way a lack of demand, but a lack of supply (inventory).
Sales Compared to 2022:
It is also important to look at sales compared to the Previous year. Sales for December were down 40.1% when compared to last December of 2022. Although this looks like a substantial number, we also need to consider that last December is when things in the Calgary Real Estate Market started getting heated so not meeting last years sales does not concern me at all. As noted above if we had more inventory sales would have been higher – it is supply not demand causing lower sales.
| Jan | Feb | Mar | Apr | May | June | July | |
| 2022 | 2004 | 3305 | 4107 | 3401 | 3071 | 2842 | 2254 |
| 2023 | 1199 | ||||||
| Change | -805 | ||||||
| % Change | -40.1% |
Calgary Real Estate Benchmark Sales Prices:
The overall benchmark price increased by $2,100 for January. Increases were in all sectors except for Semi-Detached homes which saw a decrease of $3,800.
Calgary Real Estate Benchmark Year to Date Sales Price: See chart below.
Same as above.
Current Months of Inventory (Absorption Rate):
The months of inventory increased a total of .21. This increase was in all sectors except Semi-Detached homes which decreased by .59 Even with the slight increase every sector is currently in a seller’s market position.
Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.
All numbers vary by community and price ranges, if you would like stat specifically for your neighborhood, please contact us.
Calgary Real Estate Stats for 2023 – Information from the Calgary Real Estate Board
Calgary Real Estate Stats
On January 1, 2023 the Canadian government’s Prohibition on the Purchase of Residential Property by Non-Canadians went into effect and will last 2 years.
Ultimately the government is trying to make housing more affordable for Canadians. Following are some key points I am seeing in the act.
The act applies to all non Canadians corporations controlled by a Non Canadian.
Residential Property is defined as a detached home, attached home, Condominium, Row Home (Townhouse style).
Exception: The act includes many exceptions and also carries penalties for anyone caught either not following the act or assisting someone with their purchase who is not allowed to buy.
If there is any remote chance that this act may affect you, my advice would be to talk to a lawyer before you do anything else.
Here is a link to the Federal Governments Website
What is really happening in the Calgary Real Estate Market?
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.
Graph shows the months of inventory for all sectors in the Calgary Real Estate Market. Also show for each sector it that sector is in a Buyers, Sellers or Balanced Market position.
Gord’s commentary for the month (just my opinion).
December 2022 Highlights
The Calgary Market continues to stay strong!
2022 Summary at a Glance
The first half of the year sales were sky high and tapered off in the last half of the year.
Calgary Listing Inventory
Listing Inventory declined again this month. In all sectors combined we are down 28.79% in listings from December 1st. While declining numbers of listings are normal for this time of year this is a steeper decline than what I would like to see. Although this is good for sellers, I think this could be another tough year for buyers.
Calgary Sales:
All sectors saw a decrease of sales in December, overall sectors the decline was 26.94% putting the decline of sales less than the decline of inventory (listings).
Sales Compared to 2021:
It is also important to look at sales compared to the Previous year. Sales for December were down 30.61% when compared to last December of 2021. Although this looks like a substantial number, we also need to consider that last December is when things in the Calgary Real Estate Market started getting heated so not meeting last years sales does not concern me at all. Overall sales in December were still above the long-term average.
| Jan | Feb | Mar | Apr | May | June | July | |
| 2021 | 1207 | 1831 | 2903 | 3204 | 2981 | 2914 | 2314 |
| 2022 | 2009 | 3305 | 4107 | 3401 | 3071 | 2842 | 2254 |
| Change | + 802 | 1474 | +1204 | +197 | 90 | -72 | -60 |
| % Change | + 66.4% | +180.5% | +141.5% | +1.06 | +1.03% | 2.5% | 2.7% |
| Aug | Sept | Oct | Nov | Dec | |
| 2021 | 2146 | 2157 | 2184 | 2108 | 1735 |
| 2022 | 2136 | 1901 | 1857 | 1648 | 1204 |
| Change | -10 | -256 | -327 | -460 | -531 |
| % Change | -.5% | -11.9% | -17.6% | -21.8% | 30.61% |
Calgary Real Estate Benchmark Sales Prices:
The benchmark price for all sectors combined declined by $1,400 in December. All sectors saw a decline except the Semi-Detached Sector that increased by $200.
Calgary Real Estate Benchmark Year to Date Sales Price: See chart below.
Year to date the Calgary Benchmark Price increased by 7.81% in 2022. All the increases were between 7.8% to 9.8% except the Attached Row Sector which increased by 14.36%. See stats below for sector breakdowns.
Current Months of Inventory (Absorption Rate):
The Detached and Attached Row houses both saw a small decline in the months of inventory.
The apartment condo market saw a slight increase of .11 while the Semi-Detached market saw a significant increase of .58 months of Inventory.
What might the first quarter of 2023 bring: (again just my opinion)
Based on what I am seeing, I believe that for the first half of the year we will continue to see a low inventory of listings. This is going to push sales numbers down as buyers are just not finding what they are looking for so are waiting. Depending what the Federal bank does with interest rates, but I speculate that we will see another 1 or 2 increases in the interest rate which will put more downward pressure on demand.
Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.
All numbers vary by community and price ranges, if you would like stat specifically for your neighborhood, please contact us.
Shows the number of listings, sales, Benchmark Price and Months of Inventory for all sectors of the Calgary Real Estate Market for the last 2 months along with the change. Numbers are taken from the Calgary Real Estate Board Realtors Stats package.
What is really happening in the Calgary Real Estate Market?
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.
Chart shows the months of Inventory for all sectors of the Calgary Real Estate Market for the last year.
Gord’s commentary for the month (just my opinion).
November 2022 Highlights
The Calgary Market continues to stay strong!
Calgary Listing Inventory
Listing Inventory in all sectors declined this month by 20.02% overall. The largest % decline was in the Apartment condo sector followed by the detached home sector. It is very normal to see our Inventory decline at this time of year as many people do not want to sell their homes over the holiday season.
Calgary Sales:
All sectors saw a decrease of sales in November except the Apartment Condo sector which saw a slight increase of 2.52% over October. Again, a decline in sales is normal at this time of year with Christmas coming (yes, already).
Sales Compared to 2021:
It is also important to look at sales compared to the Previous year. Sales for November were down 21.8% when compared to last November. Although this looks like an exceptionally substantial number, we also need to consider that Last November is when things in the Calgary Real Estate Market started getting heated so not meeting last years sales does not concern me at all. Sales in November were still 12% above the long-term average.
| Jan | Feb | Mar | Apr | May | June | July | |
| 2021 | 1207 | 1831 | 2903 | 3204 | 2981 | 2914 | 2314 |
| 2022 | 2009 | 3305 | 4107 | 3401 | 3071 | 2842 | 2254 |
| Change | + 802 | 1474 | +1204 | +197 | 90 | -72 | -60 |
| % Change | + 66.4% | +180.5% | +141.5% | +1.06 | +1.03% | 2.5% | 2.7% |
| Aug | Sept | Oct | Nov | Dec | |
| 2021 | 2146 | 2157 | 2184 | 2108 | |
| 2022 | 2136 | 1901 | 1857 | 1648 | |
| Change | -10 | -256 | -327 | -460 | |
| % Change | -.5% | -11.9% | -17.6% | -21.8% |
Calgary Real Estate Benchmark Sales Prices:
The benchmark price for all Detached homes, Attached Row homes and Apartment Condos declined by $4,200, $2,300, and $800, respectively. The benchmark price for Semi-Detached homes increased by $5,100 I believe the reason for this is some buyers are no longer able to buy detached homes with the price and interest rate increases pushing them towards the Semi-Detached sector.
Calgary Real Estate Benchmark Year to Date Sales Price: See chart below.
Year to date the Calgary market has increased by 8.1%. See stats below for sector breakdowns.
Current Months of Inventory (Absorption Rate):
The months of inventory for all sectors decreased again this month in all sectors except Attached Row Homes which increased by .63 The total month of inventory is at 1.89 putting us clearly in a seller’s market position again. If the month of Inventory continues to decrease, then we could end up with another wild and crazy Jan – Feb – March.
What might the last quarter of 2022 bring: (again just my opinion)
Based on what I am seeing with the Inventory, my prediction is that we are going to be in a tight market for the next few months. I personally have several buyers who are just waiting for something to come on the market that fits their criteria. I see this trend continuing and therefore prices are likely to increase again in the first quarter of next year.
Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.
Key Stats from the Calgary Real Estate Boards Stats Package.
All numbers vary by community and price ranges, If you would like stat specifically for your neighborhood please contact us.