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November 2011 Calgary Real Estate Market Snapshot

Friday, December 2nd, 2011

It is our pleasure to provide key information from the Calgary Real Estate Boards monthly stats package and add a few short comments to help you really understand what is happening in the market.   The key areas that we look at include Inventory, Sales and the Median Price as this gives  a great snapshot of the market.

Calgary Listing Inventory:  Inventory levels for both Single Family homes and Condo’s decreased this month.   This is the first month in a long time that we have seen our inventory consistently decrease every week.  This movement is normal for this time of year as many people believe it is now better to wait till spring.

Inventory   October 2011  November 2011 Change
Single Family Home 4486 3761  Decrease of 725
Condo’s 1935 1676  Decrease of 259
Total 6421 5437 Decrease of 984

 Calgary Sales:  Calgary Single Family home sales for the month of November remained almost flat this month.  You may have read the news that says “sales are up” but that number is comparing sales to Nov 2010.  The normal trend at this time of year is to see sales drop so remaining flat is a sign of strength.        

Sales October 2011 November 2011 Change
Single Family Home 988 962 (26)
Condo’s 368 393 + 25
Total 1356 1355 (1)     

 Calgary Real Estate Sales Prices:  Single family home prices increased by $7,975 while the median price of condo’s decreased by $12,625.  The median prices are not showing any certain direction but are bouncing up and down every month.  Let’s look at the year to date numbers to really see what’s happening.

Single Family Home:  Dec 31, 2010 the median price was $406,000 so for the year the median price has decreased by $3,075

Condos:  Dec  31, 2010 the median price for condos was 267,250 compared to today at $250,000 showing a decrease of $17,250        

Sales Prices October Median Prices November Median Prices Change
Single Family Homes $395,000 $402,925 +$7,975
Condo’s $262,625 $250,000 $(12,625)

Overall we are still in a buyer’s market although with the decreased inventory levels and sales maintaining we are moving closer to a balanced market.

If you have any questions or comments about this snapshot please let us know.

For a full copy of the November Calgary Real Estate Boards Monthly Stats package please contact us.

Gord, Eric and Brent

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What’s happening in the Calgary Real estate market?

Saturday, September 3rd, 2011

This report gives you information on all the important indicators on whats happening in Calgary.  Real time, Real Estate Market stats at a glance for the Month of August 2011.  These stats  break the market down into what’s important and eliminates all the extra. Data is from the August Calgary Real Estate Boards Monthly stats package.

Calgary Listing
Inventory: Inventory levels for Both Single Family homes and Condo’s stayed very flat this month.  This is generally a good number however with sales levels it would balance the market a little more if our inventory dropped slightly.

Inventory July
2011		 August
2011 		Change
Single Family Home 4630 4573 (57)
Condo’s 2003 1997 (6)
Total 6633 6570 (63)

Calgary Sales:

Calgary sales for the month of August showed marginal decreases for single family homes and a slight increase for condos. Sales numbers dropping is very normal at this time of year as the peak selling season is typically April through June.  Interestingly
sales in August 2010 were 865 Single family homes and 468 condos for a total of
1333 showing an increase of 18% this year over last.    

Sales July  2011 August
2011		 Change
Single Family Home 1153 1106 (47)
Condo’s 453 468 +15
Total 1606 1574 (32)

Calgary Real Estate
Sales Prices: Median prices for Single Family homes decreased by $6,749 and condo’s decreased by $14,000 in August.  To me this is not alarming as the direction is not a trend.  We seem to bounce up and down every month but overall prices are remaining fairly stable.

Sales Prices July
Median Prices 		August 2011 Change
Single Family Homes $409,000 $402,251 ($6749)
Condo’s $269,000 $255,000 ($14,000)

Overall we are still in a buyer’s market – this month we moved slightly more in favour of buyers as our inventory stayed flat while sales did show a slight decrease therefore increasing our absorption rate.

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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 & Brent & Eric

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June 2011, Calgary Real Estate Stats at a glance

Sunday, July 3rd, 2011

Want to know  instantly whats happening in the real estate market in Calgary.  Below you will find a summary of some key areas with a few short comments.  All stats are taken directly from the Calgary Real Estate Boards monthly stats package for June 2011.  These highlights are all you need to stay informed.  Provided to you courtesy of Gord Piper and Associates.

Calgary Listing Inventory:  As shown below our inventory in Calgary Metro increased marginally this month.   

Inventory May  2011 June 2011 Change
Single Family Home 4616 4744 128
Condo’s 2092 2023 (69)
Total 6708 6767 59

 Calgary Sales: 

Calgary sales for the month of June showed increases in both single family and condos. Of interest, this is the first month all year where condo sales beat the number of condo sales in the same month of last year.  Single family homes have done this for a few months After years of research and testing the new system is designed to provide learner drivers with all the training, resources and qualified bronx driving schools instructors required to become a licensed driver. now.    

Sales May 2011 June 2011 Change
Single Family Home 1313 1398 85
Condo’s 503 581 78
Total 1816 1979 163

 

Calgary Real Estate Sales Prices:    Prices for Single Family homes and for condos decreased very slightly this month.  It’s interesting that for the last 3 months prices of single family homes have been almost flat at 420,000, 423,000 and 417,250.   Condos have stayed between $260,000 and $270,000 for the last 3 months.   This makes sense as our inventory is holding steady and sales are strong.  

Sales Prices May  Median Prices June Median Prices Change
Single Family Homes $423,000 $417,250 ($5750)
Condo’s $269,250 $265,000 ($4,350)

 Overall we are still in a slight buyers market. 

If you have any questions about this summary, or would like to receive the entire stats package or have other Real Estate questions feel free to contact us.  

Gord Piper and Brent Wilcox 

CIR Realty

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April 2011, Calgary Real Estate Board Statistics

Monday, May 2nd, 2011

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

www.gordpiper.com

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January 2011 Calgary Real Estate Boards Stats

Wednesday, February 2nd, 2011

Calgary Home Sales Rise Year – Over – Year – January 2011

If you would like to receive a the full statistics package from the Calgary Real Estate Board every month please contact us.

Below you will find a summary of some key areas with a few short comments.

Calgary Listing Inventory:  As shown below our inventory in Calgary Metro increased by 566 listing this month.   

Inventory December 2010 Jan 2011 Change
Single Family Home 2712 3073 361
Condo’s 1429 1634 205
Total 4141 4707 566

 Calgary Sales: 

 Single Family home sales increased this month and showed the first year over year increase since April 2010.

  Condo sales remained steady yet are still down from last year’s sales numbers.

Sales Dec 2010 Jan 2011 Change
Single Family Home 734 791 57
Condo’s 320 302 -18
Total 1054 1093 39

 

Calgary Real Estate Sales Prices :   For this summary,  I only  focus only on the Median Sales Price as the average can be skewed by After all, every casino offers secure transactions, a wide variety of games, and progressive jackpots. Realtors selling more of less million dollar homes and should be a better reflection of the market. 

Prices remained almost the same this month as in December. 

Sales Prices  Dec  Median Price Jan     Median Price Change
Single Family Homes $389,000 $390000 $1,000
Condo’s $258,500 $255,000 – $3500

 

Other:  We have certainly noticed an increase in activity with more active buyers looking to buy and with people getting their homes ready to sell.  Although we expect sales numbers to start showing more increases we also expect the inventory to continue to increase as many of the homes that came off the market last year did not sell and some of those will go back on the market.

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 and Brent Wilcox

http://www.gordpiper.com/index_home.php

Century 21, The Professionals

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