Archive for the ‘Real Estate Board’s Statistics’ Category

June 2014 Real Estate Market Snapshot

Monday, June 2nd, 2014

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   A simple way to keep up to date on the Market.  The Calgary Real Estate market continues to show signs of a change in direction bringing good news for home buyers.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

 

Want to see stats specific to your Community?  Register for our Market Report at http://www.calgaryareasolds.com/

 

Calgary Listing Inventory: Inventory levels increased this month in all categories. This is what normally happens at this time of year as many people like to wait till spring to list their home. This year Sellers are also seeing a good opportunity to sell so I predict that listings are going to continue to increase. One interesting thing to note is that many sellers coming to the market are hoping to cash in on the seller’s market and are listing their homes substantially higher than the market will pay. Home’s that are listed at or slightly above market values are still often getting competing offers and are selling in the first day or two while sellers fishing for above market value are just adding to our inventory of listing.

Inventory April 2014   May 2014   Change
Single Family Home 2445 2947 +502
Condo Townhouse 445 576 +131
Condo Apartment 898 1051 +153
Total 3788 4574 +786

 

Calgary Sales:

Sales in May increased in every category over last month which is to be expected at this time of year.  One reason for this increase is that with more inventory buyers have more selection. Trends show that next month we should see a flattening or a slight decline in sales over this month.

Sales April 2014   May 2014   Change % Change
Single Family Home 1736 2027 +291 +17%
Condo Townhouse 360 410 +50 +14%
Condo Apartment 449 511 +62 +14%
Total 2545 2948 +403 +15.8%

 

 

Calgary Real Estate Sales Prices:

In May, the benchmark price increased for all categories. Based on the inventory change, prices are likely to increase for a few more months as we move from a seller’s market to a more balanced market.

Sales Prices April 2014   Benchmark Price May 2014   Benchmark Price Change
Single Family Homes 496,700 504,300 +7,600
Condo Townhouse 316,700 321,400 +4,700
Condo Apartment 291,700 295,400 +3,700

 

Sales Prices “Year to Date”

Year to date prices – same as above, Prices have increased in all categories. Good news if you are a homeowner and not so good news for those wanting to get into the market.

Sales Prices Dec 31 2013 Benchmark Price May 2014   Benchmark Price Change$ % Change
Single Family Homes 472,200 504,300 +32,100 6.8%
Condo Townhouse 307,100 321,400 +14,300 4.7%
Condo Apartment 278,600 295,400 +16,800 6.0%

 

 

Absorption Rate (Months of Inventory)  (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market >4.0
Balanced Market Between 2.8 to 4.0
Seller’s Market <2.8

 

Absorption Rate: For the second month in a row our absorption rate has increased. This indicates to me that the market is starting to change and we are moving towards a balanced market. Please note that we are so deep in a Seller’s market that it will take us a few more months of this trend to reach a balanced market state. My prediction is that this trend will continue and by July or August we will be approaching a balanced market – sooner for apartment condos.

Absorption Rate April 2014   May 2014   Change
Single Family Homes 1.41 1.45 +.04
Condo Townhouse 1.24 1.40 +.16
Condo Apartment 2.0 2.06 +.06
Total Calgary 1.48 1.55 +.07

**Please note that these numbers do change on a community basis and more so for towns. If you would like to find stats on your community just let me know. If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

 

 

May 2014, Calgary Real Estate Market Snapshot

Saturday, May 3rd, 2014

Stay ahead of the curve by following our Monthly Market Snapshot of the Calgary Real Estate Market.  This shows what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   A simple way to keep up to date and ahead of most!  The Calgary housing market is deeply  entrenched is a Sellers Market with very little supply and strong demand.   Last month  (March) sales increased by 38% and our inventory only increased by 12.0%. This month (April) sales increased by only 2.4% while inventory increased by 17.2%.

Below are theВ details along with a few comments, all numbersВ were taken В from the Calgary Real Estate Boards Stats package for Realtors.

Want to see stats specific to your Community?В  Register for our Market Report at http://www.calgaryareasolds.com/

Good news for home buyers.В The Calgary housing market is still very busy however it is finally showing signs of change.

Calgary Listing Inventory: Inventory levels increased this month in all categories. This is what normally happens at this time of year. The interesting thing is that many sellers coming to the market are hoping to cash in on the seller’s market and are listing their homes substantially higher than the market will pay. Home’s that are listed at or slightly above market values are still often getting competing offers and are selling in the first day or two.

Inventory March 2014В В  April 2014В В  Change
Single Family Home 2052 2445 393
Condo Townhouse 389 445 56
Condo Apartment 791 898 107
Total 3232 3788 556 or 17.2%

 

Calgary Sales:

Sales in April increased in every categoryВ over last month which isВ to be expected at this time of year. Again interesting the total sales increase over last month was only 2.4%. Substantially lower than in previous months.

Sales March 2014В В  April 2014В В  Change % Change
Single Family Home 1699 1736 37 2.1
Condo Townhouse 341 360 19 5.5
Condo Apartment 445 449 4 .9
Total 2485 2545 60 2.4

В 

В 

Calgary Real Estate Sales Prices:

In April, the benchmark price increased for all categories. Based on the inventory change, prices are likely to increase for a few more months until we move from a seller’s market to a more balanced market.

Sales Prices March 2014В В  Benchmark Price April 2014В В  Benchmark Price Change
Single Family Homes 490,600 496,700 6,100
Condo Townhouse 313,100 316,700 3,600
Condo Apartment 287,200 291,700 4,500

В 

Sales Prices “Year to Date”

Year to date prices – same as above, Prices have increased in all categories. Good news if you are a homeowner and not so good news for those wanting to get into the market.

Sales Prices Dec 31 2013 Benchmark Price April 2014В В  Benchmark Price Change

$

% Change
Single Family Homes 472,200 496,700 24,500 5.19
Condo Townhouse 307,100 316,700 9,600 3.1%
Condo Apartment 278,600 291,700 13,100 4.7%

В 

В 

Absorption Rate (Months of Inventory) В (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market >4.0
Balanced Market Between 2.8 to 4.0
Seller’s Market <2.8

 

Absorption Rate: This is where it gets interesting. One month does not make a trend but it can certainly start one. For the first time in almost a year the increase in inventory is substantially larger than the increase in sales. This means that we are moving closer to a balanced market however we still have a long ways to go to get to that point. My prediction is that this trend will continue and by July or August we will be approaching a balanced market – sooner for apartment condos.

Absorption Rate March 2014В В  April 2014В В  Change
Single Family Homes 1.21 1.41 .20
Condo Townhouse 1.14 1.24 .1
Condo Apartment 1.78 2.0 .22
Total Calgary 1.30 1.48 .18

**Please note that these numbers do change on a community basis and more so for towns. If you would like to find stats on your community just let me know. If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us

Calgary Real Estate Market Snapshot April 2014

Monday, March 31st, 2014

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   A simple way to keep up to date on the Market.  The Calgary housing market is deeply  entrenched is a Sellers Market with very little supply and strong demand.   This month sales increased by 38% and our inventory only increased by 12.0%.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Below is a summary of some key areas with a few short comments.

Want to see stats specific to your Community?  Register for our Market Report at http://www.calgaryareasolds.com/

Calgary Listing Inventory:  Inventory levels increased this month in all categories. This is very normal for this time of year however the increase is not enough to keep pace with the increase in sales.  There is still a shortage of homes on the market and the good ones are selling very fast, usually in the first day with competing offers.

Inventory 

February   2014   

March   2014   

Change

Single Family Home

1894

2052

+158

Condo  Townhouse

324

389

+223

Condo  Apartment

677

791

+114

Total

2895

3232

+337

l

Calgary Sales: 

Sales in March increased in every category over last month which is to be expected at this time of year.  Last year the increase in sales was 24% so this year it is substantially higher.

Sales

February   2014   

March   2014   

Change  

%   Change

Single Family Home

1230

1699

+479

+38%

Condo  Townhouse

265

341

+76

+29%

Condo Apartment

359

445

+86

+24%

Total

1854

2485

+631

+34%

 

 

Calgary Real Estate Sales Prices:  

In March, the benchmark price increased for all categories.  Watch prices continue to rise until the inventory starts to rise.

  Sales   Prices

February 2014       Benchmark Price

March 2014    Benchmark   Price  

Change  

Single Family Homes

482,800

490,600

+7,800

Condo Townhouse

309,700

313,100

+3,400

Condo  Apartment

283,400

287,200

+3,800

 

 Sales Prices “Year to Date”   

Year to date prices – same as above, Prices have increased in all categories.  Good news if you are a homeowner and not so good news for those wanting to get into the market.

Sales Prices Dec  31 2013  Benchmark Price 

March 2014    Benchmark   Price 

Change

$  

%   Change

Single Family Homes

472,200

490,600

+18,400

+4.0%

Condo Townhouse

307,100

313,100

+6,000

+2.0%

Condo  Apartment

278,600

287,200

+$8,600

+3.0%

 

 

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

 

Absorption Rate:   The numbers are still going down which is putting us in more of a seller’s market position and I don’t see that changing anytime soon.  In March our inventory increased by 12.0% and our sales increased by 34.0% making it even a stronger market for sellers.  As mentioned above competing offers are happening all over.

Absorption Rate  

February 2014     

March 2014   

Change  

Single Family Homes

1.54

1.21

-.33

Condo Townhouse

1.22

1.14

-.08

Condo  Apartment

1.88

1.78

-.10

Total Calgary

1.56

1.30

-.26

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats on your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

 

If you know anyone else who might enjoy seeing our monthly summary please feel free to pass this on. Gord, Eric & Brent

 

Calgary Real Estate Market Snapshot March 2014

Sunday, March 2nd, 2014

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   A simple way to keep up to date on the Market.  The Calgary housing market is still entrenched is a Sellers Market with very little supply and strong demand.   This month sales increased by 28.75% and our inventory only increased by 14.6%.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Below is a summary of some key areas with a few short comments.

Want to see stats specific to your Community?  Register for our Market Report at http://www.calgaryareasolds.com/

Calgary Listing Inventory:  Inventory levels increased this month in all categories. This is very normal for this time of year.  There is still a shortage of homes on the market and the good ones are selling very fast.  We are seeing competing offers daily now and sellers getting  5 or more offers is common.

Inventory 

January   2014   

February   2014   

Change

Single Family Home

1671

1894

+223

Condo  Townhouse

277

324

+47

Condo  Apartment

577

677

+100

Total

2525

2895

+370

l

Calgary Sales: 

Sales in February increased in every category over last month which is to be expected at this time of year.  I believe that as we get more listings on the market sales will continue to rise as there is a pent up demand.

Sales

January   2014   

February   2014   

Change  

%   Change

Single Family Home

974

1230

+256

+26.2%

Condo  Townhouse

206

265

+59

+28.6%

Condo Apartment

260

359

+99

+38.1%

Total

1,440

1854

+414

+28.75%

  

Calgary Real Estate Sales Prices:  

In February, the benchmark price increased for all categories.  Watch prices continue to rise until the inventory starts to rise.

 

Sales Prices

January 2014      Benchmark Price

February 2014       Benchmark Price  

Change  

Single Family Homes

476,700

482,800

+$6,100

Condo Townhouse

308,100

309,700

+$1,600

Condo  Apartment

280,600

283,400

+$2,800

  

Sales Prices “Year to Date”   

Year to date prices – same as above have increased in all categories.  Good news if you are a homeowner and not so good news for those wanting to get into the market.

Sales Prices Dec  31 2013  Benchmark Price 

February 2014      Benchmark Price 

Change

$  

%   Change

Single Family Homes

472,200

482,800

+10,600

+2.2%

Condo Townhouse

307,100

309,700

+2,600

+.85%

Condo  Apartment

278,600

283,400

+4,800

+1.7%

  

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

 

Absorption Rate:   The numbers are still going down which is putting us in more of a seller’s market position and I don’t see that changing anytime soon.  In February our inventory increased by 14.6% and our sales increased by 28.5% making it even a stronger market for sellers.  As mentioned above competing offers are happening all over.

Absorption Rate  

January 2014     

February 2014     

Change  

Single Family Homes

1.71

1.54

-.17

Condo Townhouse

1.34

1.22

-.12

Condo  Apartment

2.21

1.88

-.33

Total Calgary

1.75

1.56

-.19

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats on your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

 

If you know anyone else who might enjoy seeing our monthly summary please feel free to pass this on. Gord, Eric & Brent

Calgary Real Estate Market snapshop updated Feb 3, 2014

Monday, February 3rd, 2014

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   A simple way to keep up to date on the Market.  The Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales and I do not see that changing anytime soon.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Below is a summary of some key areas with a few short comments.  The Calgary housing market started off the year on a strong note with sales 11.1% higher than in January 2013.  We are still in a very strong seller’s market position.

Calgary Listing Inventory:  Inventory levels increased slightly this month which is very normal for this time of year as the holidays are behind us.  There is still a shortage of homes on the market and the good ones are selling very fast.

Inventory 

December   2013  

January   2014   

Change

Single Family Home

1515

1671

+156

Condo  Townhouse

242

277

+35

Condo  Apartment

479

577

+98

Total

2236

2525

+289

 

Calgary Sales: 

Sales in January increased in every category over last month which is to be expected at this time of year.  It is also important to note that sales in January were 17% higher than sales in January  2013.  I believe that as we get more listings on the market sales will continue to rise as there is a pent up demand.

Sales

December   2013 

January   2014   

Change  

%   Change

Single Family Home

744

974

+230

+31.0%

Condo  Townhouse

179

206

+27

+15.0%

Condo Apartment

221

260

+29

+18.0%

Total

1144

1,440

+296

+26%

  

Calgary Real Estate Sales Prices:  

In January, the benchmark price increased for all categories except.  As long as our ratio of sales to listings remains the same this upward trend will continue.

Sales Prices

December 2013

Benchmark Price

January 2014

 Benchmark   Price  

Change  

Single Family Homes

472,200

476,700

+$4,500

Condo Townhouse

307,100

308,100

+$1,000

Condo  Apartment

278,600

280,600

+$2,000

  

Sales Prices “Year to Date”   

Year to date prices – same as above have increased in all categories.  Good news if you are a homeowner and not so good news for those wanting to get into the market.

Sales Prices Dec  31 2013  Benchmark Price 

January 2014 Benchmark Price 

Change

$  

%   Change

Single Family Homes

472,200

476,700

+$4,500

+1%

Condo Townhouse

307,100

308,100

+$1,000

Condo  Apartment

278,600

280,600

+$2,000

+1%

  

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

 

Absorption Rate:   The numbers are still going down which is putting us in more of a seller’s market position and I don’t see that changing anytime soon.  In the starter home price range we are still seeing lots of competing offers.

Absorption Rate  

December 2013   

January 2014  

Change  

Single Family Homes

2.03

1.71

-.32

Condo Townhouse

1.35

1.34

-.1

Condo  Apartment

2.17

2.21

+.04

Total Calgary

1.96

1.75

-.21

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats on your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

 

Please feel free to pass this on. Gord, Eric & Brent

 

Calgary Real Estate Market Snapshot updated Jan 2014

Wednesday, January 1st, 2014

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   A simple way to keep up to date on the Market.  The Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales and I do not see that changing anytime soon.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Calgary Listing Inventory:  Inventory levels for all categories dropped substantially this last month.  This is simply a seasonal adjustment that happens every year. In the next few days listings will start to hit the market bringing these numbers right back up.

Inventory 

November  2013    

December   2013   

Change

Single Family Home

2171

1515

-656

Condo  Townhouse

380

242

-138

Condo  Apartment

605

479

-126

Total

3156

2236

-920

 

Calgary Sales: 

Sales in December declined in all categories and again this is very normal for the month of December. Considering the weather I think we faired well.  It is also important to note that sales in December were 8.3% higher than in December 2012.  I am very confident that January’s numbers will be much higher.

Sales

November   2013 

December   2013  

Change  

%   Change

Single Family Home

1006

744

-262

-26.0

Condo  Townhouse

228

179

-49

-21.5

Condo Apartment

305

221

-84

-27.5

Total

1539

1144

-395

-25.6

 

 Calgary Real Estate Sales Prices:  

In December, the benchmark price increased for all categories except apartment Condos which saw a small decrease.  As long as our ratio of sales to listings remains the same this upward trend will continue.

 

Sales Prices

November 2013

Benchmark Price

December 2013

 Benchmark   Price  

Change  

Single Family Homes

470,600

472,200

+$1,600

Condo Townhouse

305,700

307,100

+$1,400

Condo  Apartment

279,600

278,600

-$1,000

 

Sales Prices “Year to Date”   

Year to date prices have increased in all categories.  Good news if you are a homeowner and not so good news for those wanting to get into the market.

Sales Prices Dec  31 2012  Benchmark Price 

Dec 31. 2013

Benchmark Price   

Change

$  

%   Change

Single Family Homes

434,800

472,200

+37,400

+8.6%

Condo Townhouse

284,100

307,100

+23,000

+8.1%

Condo  Apartment

248,700

278,600

+29,900

+12.0%

 

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

 

Absorption Rate:   This doesn’t tell us much this month as December is a funny month where lots of people take their home off the market for the holidays and then relist in Jan.   We are still in a strong seller’s market position and I don’t see that changing anytime soon.  In the starter home price range we are still seeing lots of competing offers.

Absorption Rate  

November 2013   

December 2013  

Change  

Single Family Homes

2.15

2.03

-.12

Condo Townhouse

1.67

1.35

-.32

Condo  Apartment

1.98

2.17

+.19

Total Calgary

2.05

1.96

-.09

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats on your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

 

If you know anyone else who might enjoy seeing our monthly summary please feel free to pass this on. Gord, Eric, Brent & Jason

November 2013 Calgary Real Estate Market Snapshot

Monday, December 2nd, 2013

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Calgary Listing Inventory:  Inventory levels for all categories dropped substantially this month.  In my opinion this is of no concern and is simply a seasonal trend.  We will see a further decrease in December and then in Jan it should start to increase again.   Very few people want to list their home during the holiday season.

Inventory 

October   2013   

November    2013   

Change

Single Family Home

2705

2171

-534

Condo  Townhouse

444

380

-64

Condo  Apartment

692

605

-87

Total

3841

3156

-685

 

Calgary Sales: 

Sales in November declined at almost the same as rate that inventory dropped.  Traditionally this time of year we start to see sales slowing so again I’ll call it a seasonal trend.

Sales

October    2013  

November    2013  

Change  

%   Change

Single Family Home

1336

1006

-330

-24.7

Condo  Townhouse

280

228

-52

-18.9

Condo Apartment

337

305

-32

-9.4

Total

1953

1539

-414

-21.1

 

 Calgary Real Estate Sales Prices:  

In November, the benchmark price increased for all categories. As long as our ratio of sales to listings remains the same this trend will continue.

Sales Prices

October  2013

Benchmark Price

November  2013  

 Benchmark   Price  

Change  

Single Family Homes

468,000

470,600

+2,600

Condo Townhouse

302,200

305,700

+3,500

Condo  Apartment

276,100

279,600

+3,500

 

Sales Prices “Year to Date”   

Year to date prices have increased in all categories.

Sales Prices Dec  31 2012  Benchmark Price 

November 2013

Benchmark Price   

Change  

%   Change

Single Family Homes

434,800

470,600

+35,800

+8.2%

Condo Townhouse

284,100

305,700

+21,600

+7.6%

Condo  Apartment

248,700

279,600

+30,900

+12.4%

 

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

 

Absorption Rate:  Throughout November our absorption changed but only marginally. We are still in a strong seller’s market position.  In the starter home price range we are still seeing lots of competing offers.

Absorption Rate  

October  2013  

November 2013  

Change  

Single Family Homes

2.02

2.15

+.13

Condo Townhouse

1.58

1.67

+.09

Condo  Apartment

2.05

1.98

-.07

Total Calgary

1.97

2.05

+.08

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats or absorption rate for  your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us

November 2013 Monthly Real Estate Market Snapshot

Thursday, October 31st, 2013

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales.  This month put the market into an even stronger Sellers position.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Calgary Listing Inventory:  Inventory levels for all single family homes dropped a little while all townhouses and apartment condos remained almost flat this month.

Inventory 

September 2013      

October 2013   

Change

Single Family Home

2789

2705

-84

Condo    Townhouse

450

444

-6

Condo    Apartment

683

692

+9

Total

3922

3841

-81

 

Calgary Sales: 

Sales in October were almost the same as in September.  Traditionally this time of year we start to see sales slowing.

Sales

September  2013  

October  2013  

Change

% Change

Single   Family Home

1354

1336

-18

-1.3

Condo  Townhouse

245

280

+35

+1.4

Condo   Apartment

324

337

+13

+.04

Total

1923

1953

+30

+.15

  

Calgary Real Estate Sales Prices:  

In October, the benchmark price increased for all categories. As long as our ratio of sales to listings remains the same this trend will continue.

Sales Prices

September  2013

Benchmark Price

October  2013

 Benchmark Price  

Change

Single   Family Homes

463,700

468,000

+4,300

Condo   Townhouse

299,100

302,200

+3,100

Condo  Apartment

272,900

276,100

+3,200

  

Sales Prices “Year to Date”   

Year to date prices have increased in all categories.

Sales Prices Dec  31 2012    Benchmark Price 

October 2013

Benchmark Price 

Change

% Change

Single   Family Homes

434,800

468,000

+33,200

+7.6

Condo   Townhouse

284,100

302,200

+18,100

+6.3%

Condo  Apartment

248,700

276,100

+27,400

+11.1%

  

Absorption Rate Defined: (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

 

Absorption Rate:  Throughout September our absorption rate decreased in all categories putting the market even more in favour for sellers.  Especially in the starter home price range we are starting to see lots of competing offers.

Absorption Rate  

September 2013 

October  2013  

Change

Single   Family Homes

2.06

2.02

-.04

Condo   Townhouse

1.84

1.58

-.26

Condo  Apartment

2.1

2.05

-.05

Total   Calgary

2.04

1.97

-.07

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats on your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

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October 2013, Calgary Real Estate Market Snapshot

Monday, September 30th, 2013

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales. It is important to note that for the first time in more than 6 months the absorption rate increased above 2.0 so we are seeing a slight shift.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Calgary Listing Inventory:  Inventory levels for all categories remained almost flat this month.

Inventory 

August  2013      

September  2013   

Change

Single Family Home

2791

2789

-2

Condo    Townhouse

417

450

33

Condo    Apartment

690

683

-7

Total

3898

3922

24

 

Calgary Sales: 

Sales decreased marginally in all categories except townhouses which saw a small increase this month.   This is very normal as sales typically start slowing at this time of year.   To look at another perspective even though sales slowed this month they were 19% higher than in August 2012.

Sales

August  2013  

September  2013  

Change

% Change

Single   Family Home

1517

1354

-163

-10.7

Condo  Townhouse

282

245

37

13.6

Condo   Apartment

397

324

-73

-18.4

Total

2196

1923

-273

-12.4

 

Calgary Real Estate Sales Prices:  

In September, the benchmark price stayed almost flat for all categories with apartment condo’s showing the largest increase.

Sales Prices

August  2013

Benchmark Price

September  2013

 Benchmark Price  

Change

Single   Family Homes

464,700

463,700

-1,000.

Condo   Townhouse

298,500

299,100

600

Condo  Apartment

270,600

272,900

2,300

 

Sales Prices  “Year to Date”   

Year to date prices have increased in all categories.

Sales Prices Dec  31 2012    Benchmark Price 

September  2013

Benchmark Price 

Change

% Change

Single   Family Homes

434,800

463,700

28,900

6.65

Condo   Townhouse

284,100

299,100

15,000

5.27

Condo  Apartment

248,700

272,900

24,200

9.73

  

Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

Absorption Rate:  Throughout September our absorption rate increased in all categories.  This could be the start of a shift as this is the first time in several months that the absorption rate has exceeded 2.0.  Of course we have a long way to move still to move into a buyers market.

Absorption Rate  

August 2013  

September 2013  

Change

Single   Family Homes

1.84

2.06

.22

Condo   Townhouse

1.47

1.84

.37

Condo  Apartment

1.74

2.1

.36

Total   Calgary

1.78

2.04

.26

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats on your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

Interest Rates are on the rise – if you are even considering making a move get to your bank and get a mortgage commitment locked in at today’s rates. It looks like they may even go higher.

 

Sept 2013 Calgary Real Estate Market Snapshot

Monday, September 2nd, 2013

Want to know what’s really happening in the Calgary Real Estate Market.  The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate.   In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales.

Below are the details along with a few comments, all numbers were taken  from the Calgary Real Estate Boards Stats package for Realtors.

Calgary Listing Inventory:  Inventory levels for all categories except townhouses decreased again throughout August.

Inventory 

July  2013    

August  2013   

Change

Single Family Home

2917

2791

-126

Condo    Townhouse

407

417

10

Condo    Apartment

768

690

-78

Total

4092

3898

-194

Calgary Sales: 

Sales decreased marginally in all categories this month.  This is very normal as many people are focused on summer vacations, back to school etc.  The other reason for this is that listings are so low that good homes are challenging to find.

Sales

July  2013 

August  2013  

Change

% Change

Single   Family Home

1575

1517

-59

-3.6%

Condo  Townhouse

295

282

-13

-.44%

Condo   Apartment

398

397

-1

Total

2268

2196

          -72

-3.2%

 

Calgary Real Estate Sales Prices:  

In August, the benchmark price increased slightly for all categories.  This is simply a reflection of demand outpacing supply Mens andre nettsider hovedsakelig fokuserer pa norske spilleautomater pa nett, onsker vi ogsa a servere deg informasjon om de ekte maskinene. and this trend will continue until the inventory starts to increase faster than sales.

Sales Prices

July 2013

Benchmark Price

August  2013

 Benchmark Price  

Change

Single   Family Homes

461,600

464,700

3,100

Condo   Townhouse

294,500

298,500

4,000

Condo  Apartment

267,600

270,600

3,000

 

Sales Prices  “Year to Date”   

Year to date prices have increased in all categories.

Sales Prices Dec  31 2012    Benchmark Price 

August 2013

Benchmark Price 

Change

% Change

Single   Family Homes

434,800

464,700

29,900

6.9%

Condo   Townhouse

284,100

298,500

14,400

5.1%

Condo  Apartment

248,700

270,600

21,900

8.8%

 Absorption Rate (Months of Inventory)   (the inventory divided by the number of sales in the last month). What does this mean you might ask?

Buyer’s Market

>4.0

Balanced Market

Between 2.8 to 4.0

Seller’s Market

<2.8

Absorption Rate:  Throughout August our absorption rate decreased in all categories except townhouses. With inventory shrinking faster than sales are slowing it is now pushing us into a stronger “Sellers market position”.

Absorption Rate  

July 2013 

August 2013  

Change

Single   Family Homes

1.85

1.84

-.01

Condo   Townhouse

1.37

1.47

.1

Condo  Apartment

1.93

1.74

-.19

Total   Calgary

1.80

1.78

-.02

**Please note that these numbers do change on a community basis and more so for towns.  If you would like to find stats on your community just let me know.  If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.

In Other News:

Rumor on the street is that CMHC has hit their annual $ limit for mortgage insurance so getting this product might be a little more difficult.

Interest Rates are on the rise – if you are even considering making a move talk  to your bank or mortgage broker  and get a mortgage commitment locked in at today’s rates.

Sign up for your personalized Market Report for your Community : http://www.calgaryareasolds.com/

Gord Piper