As a Calgary Realtor we receive a monthly statistics package from the Calgary Real Estate Board and it is my pleasure to share with you some of the highlights. As supply and demand is the basis for what happens in the market, we will simply look at inventory, sales and of course prices. Hope you enjoy and if you would like a copy of the entire stats package or information regarding your community simply contact us.
Calgary Listing Inventory: As shown below our inventory in Calgary Metro increased by 483 listings this month. This is very typical to see listings rise as spring arrives.
| Inventory | March 2011 | April 2011 | Change |
| Single Family Home | 4024 | 4395 | 371 |
| Condo’s | 1913 | 2005 | 92 |
| Total | 5937 | 6400 | 463 |
Calgary Sales:
Calgary sales for the month of April declined slightly from March for both single family homes and condos. It is unknown at this point how much the changing mortgage rules have affected sales and we won’t really know for till the end of June when people’s pre-approvals from before the mortgage changes run out. My feeling is not very much which means sales could continue very strong in the upcoming months.
| Sales | March 2011 | April 2011 | Change |
| Single Family Home | 1355 | 1217 | -138 |
| Condo’s | 581 | 535 | -46 |
| Total | 1936 | 1752 | -184 |
Calgary Real Estate Sales Prices : Prices for Single Family homes increased by $20,000 this month while condos increased by $4,000. This makes sense as our inventory is holding steady and sales are strong.
| Sales Prices | March Median Price | April Median Prices | Change |
| Single Family Homes | $400,000 | $ 420,000 | 20,000 |
| Condo’s | $256,000 | $260,000 | 4,000 |
If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us anytime.
Gord Piper & Brent Wilcox
CIR Realty
403-861-2256
