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Posts Tagged ‘Calgary’

October 2014, Calgary Real Estate Market Snapshot

Monday, November 3rd, 2014

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/

An interesting month in the Calgary Real Estate market. Apartment Condos and Townhouses continued to slowly shift away from a seller’s market towards a more balanced market. I find it interesting that Single Family homes moved slightly deeper into a Seller’s market. Attached please find a copy of the stats package from the Calgary Real Estate Board for the month of Oct 2014. Below is a summary of some key areas with a few short comments.

Calgary Listing Inventory: Inventory levels typically decrease at this time of year as some people now wait until the New Year to list. That was the case for Single Family homes. Townhouses and Apartment condos increased very slightly but not big enough to make any substantial difference.

Inventory	Sept 2014	Oct 2014	Change
Single Family Home	2961	2780	-181
Condo Townhouse	552	568	+16
Condo Apartment	1081	1088	+7
Total	4594	4436	-158

Calgary Sales:

Typically at this time of year we also see sales numbers decreasing. Sales in October decreased marginally for Townhouses and Apartment Condos while sales for Single Family Homes increased. I believe this may be still a backlog of buyers waiting for the perfect home to come on the market. It is critical to note that even though the sales are decreasing we are still substantially above our sales for 2013.

Sales	Sept 2014	Oct 2014	Change	% Change
Single Family Home	1397	1462	+65	+4.6
Condo Townhouse	318	300	-18	-5.6
Condo Apartment	432	385	-47	-10.9
Total	2267	2147	-120	-5.3

Calgary Real Estate Sales Prices:

In October, the benchmark price increased for all categories. Based on what I am seeing my prediction is for prices to continue to increase for Single family homes, and less so for Townhouses but Apartment condo prices should flatten as they are now in a balanced market state. If you have been following my reports you will notice the increases are continuing to get smaller every month.

Sales Prices	Sept 2014 Benchmark Price	Oct 2014 Benchmark Price	Change
Single Family Homes	512,800	513,500	+700
Condo Townhouse	336,300	337,800	+1500
Condo Apartment	298,800	299,800	+1000

Sales Prices “Year to Date”

Year to date prices – Prices have increased in all categories. Good news if you are a homeowner.

Sales Prices	Dec 31 2013 Benchmark Price	Oct 2014 Benchmark Price	Change$	% Change
Single Family Homes	472,200	513,500	+41,300	8.75
Condo Townhouse	307,100	337,800	+30,700	+9.99
Condo Apartment	278,600	299,800	+21,200	+7.61

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 month the absorption rate increased for Townhouses and Apartment Condos and decreased for single family homes. This puts single family homes in more of a sellers market while it puts apartment condos into a balanced market.

Absorption Rate	Sept 2014	Oct 2014	Change
Single Family Homes	2.11	1.90	-.12
Condo Townhouse	1.74	1.89	+.15
Condo Apartment	2.50	2.83	+.33
Total Calgary	2.14	2.06	-.08

**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.

Tags:Calgary, Calgary Home Prices, Calgary Housing Market, calgary real estate, Calgary Real Estate Board, Calgary Real Estate Stats
Posted in Blog, Real Estate Board's Statistics | Comments Closed

Calgary Real Estate Market Snapshot Sept 2014

Friday, October 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 however is slowly changing and is moving toward a balanced market.

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 for Single Family homes decreased while everything else increased this month. Typically this time of year we show increases in inventory. Single family home inventory went down which is not normal. I believe the reason is that we still have a large backlog of buyers waiting for the perfect home to come on the market, especially in the starter home price range.

Inventory	Aug 2014	Sept 2014	Change
Single Family Home	3021	2961	-60
Condo Townhouse	437	552	+115
Condo Apartment	1056	1081	+25
Total	4514	4594	+80

Calgary Sales:

Sales in September decreased marginally in all categories. Sales numbers decreasing is very normal at this time of year. It is critical to note that even though the sales are decreasing we are still substantially above our sales for 2013.

Sales	Aug 2014	Sept 2014	Change	% Change
Single Family Home	1477	1398	-79	-5.3
Condo Townhouse	338	318	-20	-5.9
Condo Apartment	452	432	-20	-4.4
Total	2267	2148	-119	-5.2

Calgary Real Estate Sales Prices:

In September, the benchmark price increased for all categories. Based on the inventory change, prices are likely to increase moderately for a few more months as we move from a seller’s market to a more balanced market. If you have been following my reports you will notice the increases are continuing to get smaller every month.

Sales Prices	Aug 2014 Benchmark Price	Sept 2014 Benchmark Price	Change
Single Family Homes	512,300	512,800	+500
Condo Townhouse	328,300	330,200	+1900
Condo Apartment	298,200	298,800	+600

Sales Prices “Year to Date”

Year to date prices – Prices have increased in all categories. Good news if you are a homeowner.

Sales Prices	Dec 31 2013 Benchmark Price	Sept 2014 Benchmark Price	Change$	% Change
Single Family Homes	472,200	512,800	+40,600	+8.6
Condo Townhouse	307,100	330,200	+23,100	+7.5
Condo Apartment	278,600	298,800	+20,200	+7.3

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 month the absorption rate increased in all categories. For Single Family homes the ratio went up even though our inventory decreased – this is because sales decreased more. Condo Townhouses took the largest jump of .45, I believe this is just catching up as last month it went opposite of everything else.

Absorption Rate	Aug 2014	Sept 2014	Change
Single Family Homes	2.05	2.11	+.06
Condo Townhouse	1.29	1.74	+.45
Condo Apartment	2.33	2.50	+.17
Total Calgary	1.99	2.14	+.15

If you know anyone else who might enjoy seeing our monthly summary please feel free to share

Tags:Calgary, Calgary Home Prices, calgary market, calgary real estate, calgary real estate prices, Calgary Real Estate Stats, Northwest Calgary Real Estate Prices
Posted in Blog, Real Estate Board's Statistics | Comments Closed

August 2014, Calgary Real estate Market Snapshot

Monday, September 1st, 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 however is showing slow signs of moving toward a balanced market.

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 decreased for marginally in all categories. While this is typical for this time of year the challenge is we are starting with a low inventory so a decrease can push us back towards a stronger Seller’s market. I believe the reason is that we still have a large backlog of buyers waiting for the perfect home to come on the market, especially in the starter home price range.

Inventory	July 2014	Aug 2014	Change
Single Family Home	3056	3021	-35
Condo Townhouse	536	437	-99
Condo Apartment	1070	1056	-14
Total	4662	4514	-148

Calgary Sales:

Sales in August decreased marginally in all categories except apartment condos. Sales numbers decreasing is very normal at this time as people are focused on summer vacations. Apartment condos increased and I believe that’s simply that last month they decreased more than the other categories.

Sales	July 2014	Aug 2014	Change	% Change
Single Family Home	1553	1477	-76
Condo Townhouse	339	338	-1
Condo Apartment	444	452	+8
Total	2336	2267	-69

Calgary Real Estate Sales Prices:

In August, 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. If you have been following my reports monthly the increase is smaller than what we have been seeing.

Sales Prices	July 2014 Benchmark Price	Aug 2014 Benchmark Price	Change
Single Family Homes	511,600	512,300	+700
Condo Townhouse	327,000	328,300	+1,300
Condo Apartment	298,100	298,200	+100

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.

Sales Prices	Dec 31 2013 Benchmark Price	Aug 2014Benchmark Price	Change $	% Change
Single Family Homes	472,200	512,300	40,100	+8.5
Condo Townhouse	307,100	328,300	21,200	+6.9
Condo Apartment	278,600	298,200	19,600	+7.0

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 month the absorption rate increased for single family homes while it decreased for Townhouses and Apartment Condos. This I find interesting as we have been moving from a strong seller’s market towards a buyer’s market (although slowly). My only explanation here is that there is still a backlog of buyers especially in the starter home price ranges putting more pressure on Condos and Townhouses.

Absorption Rate	July 2014	Aug 2014	Change
Single Family Homes	1.97	2.05	+.08
Condo Townhouse	1.58	1.29	-.29
Condo Apartment	2.40	2.33	-.07
Total Calgary	1.99	1.99	–

If you know anyone else who might enjoy seeing our monthly summary please feel free to share.

Tags:buying a home, Calgary, calgary real estate prices, Calgary Real Estate Stats, Sell my home
Posted in Blog, Real Estate Board's Statistics | Comments Closed

June 2014, Calgary Real Estate Market Snapshot

Tuesday, July 1st, 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. In June we started seeing a slight shift towards a buyers market but we have a long way to go.

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 except townhouses. Increasing inventory levels is very normal at this time of year as many sellers wait until spring to sell. I am actually surprised that the levels did not increase more than they did.

Inventory	May 2014	June 2014	Change
Single Family Home	2947	3128	+181
Condo Townhouse	576	523	-53
Condo Apartment	1051	1071	+20
Total	4574	4722	+148

Calgary Sales:

Sales in June decreased in all categories except for Townhouses which increased slightly. Sales numbers decreasing is very normal at this time as people start to go on summer vacations. The increase in sales in Townhouse is most likely that there is still a pent up demand and people were just waiting for the right one to come on the market.

Sales	May 2014	June 2014	Change	% Change
Single Family Home	2027	1769	-258	-14.5%
Condo Townhouse	410	427	+17	+3.9
Condo Apartment	511	474	-37	-7.8%
Total	2948	2670	-278	-10.4%

Calgary Real Estate Sales Prices:

In June, 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	May 2014 Benchmark Price	June 2014 Benchmark Price	Change
Single Family Homes	504,300	509,700	+5,400
Condo Townhouse	321,400	326,000	+4,600
Condo Apartment	295,400	299,700	+4,300

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.

Sales Prices	Dec 31 2013 Benchmark Price	June 2014 Benchmark Price	Change$	% Change
Single Family Homes	472,200	509,700	+37,500	+7.94
Condo Townhouse	307,100	326,000	+18,900	+6.15
Condo Apartment	278,600	299,700	+21,100	+7.58

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 third month in a row our absorption rate has increased. This indicates that the market is changing 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 September or October we will be approaching a balanced market – maybe sooner for apartment condos.

Absorption Rate	May 2014	June 2014	Change
Single Family Homes	1.45	1.77	+.32
Condo Townhouse	1.40	1.22	-.18
Condo Apartment	2.06	2.26	+.20
Total Calgary	1.55	1.77	+.22

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

Tags:Calgary, Calgary Condos, calgary real estate, calgary real estate prices, Calgary Real Estate Stats, realestatecalgary
Posted in Blog, Real Estate Board's Statistics | Comments Closed

New Listing @ 112, 5000 Somervale Court SW Calgary Ab. T2Y 4M1

Friday, June 20th, 2014

Excellent investment or perfect for active seniors. Welcome to Calgary’s most sought after 60 building, Legacy Estates Somerset. Fantastic location close to LRT, shopping and professional services. This complex offers extensive amenities including a dining room with meals, a bistro which is open for lunch during the week, a hair salon, library, games room, gym, media room with home theatre and a craft room, medical alert system and a guest suite that can be rented. There are organized activities, trips to the coop and more. This desirable unit is on the main floor so no elevator needed, main floor online casino offers a walk out patio where you can enjoy your morning coffee and enjoy your view. This 2 bedroom unit has been well maintained. Kitchen features white cabinets, large pantry and plenty of counter space. Master bedroom is comfortable size. There is also convenient in suite laundry. Parking stall can be rented for $30.00 month.

Check out our video tour @ http://youtu.be/5WDP6Udu5dw

MLS C3622871

Tags:60 + condo, Calgary, Condo with meals, New MLS Listing, Senior living
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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.В This showsВ whatвЂ™s really happening in the Calgary Real Estate Market.В The market is drivenВ by supply and demand so here we show the inventory (supply) and sales (demand) and the effect onВ the price ofВ Calgary Real Estate.В В В A simple way to keep up to date and ahead ofВ most!В TheВ Calgary housing market is deeplyВ entrenched is a Sellers Market with very littleВ supply and strong demand.В В LastВ monthВ (March) sales increased by 38% and our inventory only increased by 12.0%. This month (April)В 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 sellerвЂ™s market and are listing their homes substantially higher than the market will pay. HomeвЂ™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

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 sellerвЂ™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

Sales Prices вЂњYear to DateвЂќ

Year to date prices вЂ“ 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%

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?

BuyerвЂ™s Market	>4.0
Balanced Market	Between 2.8 to 4.0
SellerвЂ™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 вЂ“ 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

Tags:Calgary, Calgary Home Prices, calgary real estate, Calgary Real Estate Stats, sell my home calgary
Posted in Blog, Real Estate Board's Statistics | Comments Closed

2559 Charlebois Drive NW

Wednesday, April 16th, 2014

Stunning location, located on one of the most desirable streets in Charleswood with a sunny south facing yard. Excellent project home for a renovation. Walking distance to LRT, Confederation Park, University and Shopping. 1660 sqft 4-level split features 3 bedrooms up, main level features kitchen and large living room and third level is walk out. Third level also features a rec room and 4th bedroom. Lower level features bedroom, bathroom and work shop. Complete the package with an oversized double garage and large backyard.

Check out our video tour at

http://youtu.be/pH1HgVrC9eo

MLS # C3610253

Tags:buyyyc, Calgary, calgaryforsale, charleswoodbuyhome, homesforsale, purchasehomecalgary, realestatecalgary, triwood
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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

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

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

Tags:Calgary, Calgary Home Prices, Calgary Real Estate Stats, House prices rising
Posted in Blog, Real Estate Board's Statistics | Comments Closed

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

Tags:Architecture of the United Kingdom, Calgary, Calgary Condos, Calgary Home Prices, Calgary Real Estate Stats, sell my home calgary, Townhouse
Posted in Blog, Real Estate Board's Statistics | Comments Closed

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

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Tags:Calgary, Calgary Condos, Calgary Home Prices, calgary real estate, Calgary Real Estate Stats, nw calgary
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The Gord Piper & Associates Real Estate Blog

Posts Tagged ‘Calgary’

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