Gord Piper and Associate’s are happy to announce that Calgary home sales continue to show strength as our inventory of listings remains flat. Below you will find a short summary of key numbers in the Calgary Real Estate market. Stats are all taken from the Calgary Real Estate Boards Monthly Stats Package produced for Calgary Realtors.
Calgary Listing Inventory: Inventory levels for Single Family homes increased marginally while Inventory for Condo’s (Townhouse and Apartment) remained flat. To put this in perspective the inventory at this time last year was 6324 listings or almost 1000 more.
| Inventory | March 2012 | April 2012 | Change |
| Single Family Home | 3367 | 3501 | + 134 |
| Condo Townhouse | 606 | 612 | + 6 |
| Condo Apartment | 1119 | 1157 | +38 |
| Total | 5092 | 5270 | + 178 |
Calgary Sales:
Sales this month were almost the same as last month. Looking at year over year this is apox a 26% increase in sales over the same month last year.
| Sales | March 2012 | April 2012 | Change | % Change |
| Single Family Home | 1576 | 1582 | + 6 | +.03% |
| Condo Townhouse | 235 | 267 | +32 | +13.6% |
| Condo Apartment | 356 | 351 | – 5 | -.09% |
| Total | 2167 | 2200 | +33 | +1.52% |
Calgary Real Estate Sales Prices: Please note that we are now using the Benchmark price for this comparison.
With inventory increasing only slightly and sales increasing substantially it only makes sense that we see prices start to rise. As you can see below Single Family homes saw the largest increase. I believe this is because the increase in sales activity on single family homes started a few months before condo sales started increasing.
| Sales Prices | March 2012 Benchmark Price | April 2012 Benchmark Price | Change |
| Single Family Homes | 433,500 | 449500 | +16,000 |
| Condo Townhouse | 293,600 | 294,500 | +900 |
| Condo Apartment | 247,800 | 248,300 | + 500 |
Overall the market is now in a seller’s market position while Apartment condos, small towns and country residential are still in a balanced market. It is interesting as there are still many communities that are in a buyer’s market as they have a higher inventory. If you want to know how your community sit’s let me know.
If you have any questions about this summary or any Real Estate questions please feel free to contact us.
Gord, Eric & Brent
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