Posts Tagged ‘Calgary Real Estate Board Stats’

April 2021 Calgary Real Estate Market Snapshot.

Monday, May 3rd, 2021

What is really happening in the Calgary Real Estate Market? 

The market is a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you an indication of where things are really heading.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

The graph shows the 2-year trend of the number of months of Inventory for all housing sectors within the Calgary Real Estate Market.

Gord’s commentary for the month (just my opinion).

 

Wow, another huge month for Real Estate in Calgary. In addition to Detached homes being in a seller’s market position, Semi-Detached and Attached Rowhouses have joined that category leaving only Apartment condos in the balanced market territory.

 

Calgary Listing Inventory

In April we saw the inventory for homes in all sectors increase by approx. 12%

The number of new listings in April was 4670 compared to 4441 for March so a 5% increase.

It seems that most of the new listings are still immediately turning in sales.

 

Calgary Sales:

Calgary Sales are soaring.  Detached homes and Semi-Detached homes hit a record high in April.

Every category increased between 9.65%-14.3% over last month.  The only thing holding our sales from going higher seems to be the low inventory.

 

Sales Compared to 2020:

Normally this is a good category to watch however we are now comparing sales this year to when we were

in a collapsed market due to Covid and the First Shutdown.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2020 861 1190 1175 573 1080 1747 1835 80 1702 1764 1437 1199
2021 1208 1836 2903 3209                
Change +347 +646 +1729 +2639                
% change +7.49 +54.4 247% +562%                

  

Calgary Real Estate Benchmark Sales Prices:

Overall, the Benchmark Price for all sectors increased by $9,500.  The smallest increase was in the Apartment condo sector at $1,900 and the largest increase was in the detached home sector which increased by $12,800.  All other sectors were in between.  Interesting how the sectors with the lowest months of inventory are showing the highest price increases.  Truly supply and demand in at play here.

 

Current Months of Inventory (Absorption Rate): 

There was very little change in the Months of Inventory during April.   Detached and Semi-Detached decreased by .07 and .14 respectively.  Attached Row and Apartment Condos increased by .06 and .27 respectively.  With the months of Inventory where they are, I can only predict that prices will continue to increase with possibly the exception of Apartment Condos.

 

It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community, or more specific numbers for your home please contact us.

Below is a summary of numbers in chart form.  All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

Stats Photo

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Calgary Real Estate Market Snapshot – Dec 1, 2020

Tuesday, December 1st, 2020

What is really happening in the Calgary Real Estate Market?

The market is simply a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each housing sector.  Looking at a 2-year trendline gives you and indication of where things are really heading.

2 Year Graph showing months of Inventory.

Following is a summary of what I deem to be the most important numbers.  Again, we look at Total Inventory, Sales for the past 30 days, Months of Inventory and of course the benchmark price.  All numbers are taken from the Calgary Real Estate boards monthly stats package.

Calgary Real Estate Board Stats

 

Gord’s commentary for the month (just my opinion).

Calgary Listing Inventory

Our total listing inventory dropped in all sectors with inventory decreasing by 805 listings or a 13.8% drop from October. This is simply a normal seasonal adjustment and we can expect listings to drop further through December.

Calgary Sales:

November sales decreased in all sectors.  The largest drop was in detached homes and it dropped by 256 sales or 22.48% from October.  The total decrease was 327 sales less or a decrease of 18.54%.  As with inventory, sales declining in November is strictly a seasonal adjustment and we will see a further decline in December.

 Sales Compared to 2019:

It is critical to note that in all my other numbers I look at month over month.  This chart below shows us the numbers this year compared to last year.   Although November sales slowed, we were still 327 sales higher than last year or 25.4% higher.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2019 801 973 1327 1544 1915 1775 1642 1580 1365 1438 1146 858
2020 861 1195 1175 573 1080 1747 1835 80 1702 1764 1437  
Change +60 +222 -152 -971 -835 -28 +194 -7 337 +326 +327  
% change +7.49 +22.8 -11.4 -62.8 -45.5 -1.6 +11.82% N/A 24.87% +22.67% +25.4%  

  

Calgary Real Estate Benchmark Sales Prices:

For the 4th month in a row we saw the Benchmark Sales price in Calgary increase. The overall increase was $3,600.  All sectors except Apartment Condos increased.  Apartment Condo sector decreased by $3,200.

  

Calgary Real Estate Sales Prices Year to Date

Since the beginning of the year

Detached homes increased by $11,900

Semi-Detached homes increased by $1,000

Attached Row houses decreased by $800.

Apartment Condos decreased by $3,000

 

Current Months of Inventory (Absorption Rate): 

The months of Inventory decreased in Semi-detached homes by .24

Every other sector saw a small increase in the Months of Inventory.

It is also important to note that these numbers vary by community, and by price range.  If you would like numbers for your community contact us.   For example, many communities if I look at listings under $500,000. they are showing being in a Sellers Market position and are getting competing offers.

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What’s really happening in the Calgary Real Estate Market?

Tuesday, February 4th, 2020

The market is simply a result of Supply and Demand therefore we look at both Supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

Following is a graph that shows the months of inventory for each Sector.  Looking at a 2 year trendline gives you and indication of where things are really heading.

Calgary Real Estate Board  Summary of Key Stats

 

Following is a summary of what I deem to be the most important numbers.  Again, we look at Total Inventory, Sales for the past 30 days, Months of Inventory and of course the benchmark price.  All numbers are taken from the Calgary Real Estate boards monthly stats package.

Key Stats for the Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

 

Current Months of Inventory (Absorption Rate): 

Through January our Absorption rate increased for all housing sectors. The smallest increase was in the detached sector at +.25 and the largest was in the Attached Row Sector at +1.34

This means the listing increase is outpacing the sales increase  and it is putting us in a stronger buyers market for all sectors.

Calgary Listing Inventory

Inventory increased in every sector in January.  Most sectors increased somewhat equally except the Apartment condo sector that increased by 16.1% compared to the total increase of 11.6%

Increasing inventory is normal as many people wait till the holidays are over to list.  This is a trend that we expect to see for the next several months.

 Calgary Sales:

Sales in Detached homes and Apartment Condos increased marginally over December which is a normal trend.  Sales in the Semi-Detached and Attached Row homes declined ever so slightly. We also had about 10 Days of bitter weather which keeps buyers indoors.

Sales Compared to 2018:

Sales in all sectors increased over 2018 for a total increase of 8% over 2019.

 Calgary Real Estate Sales Prices:

Prices in all sectors declined a little this month.  The lowest decrease was in the Detached home sector and the largest decline was in the Apartment Condo Sector

Calgary Real Estate Benchmark Prices Year to Date – Same as for the month.

It’s  also important to note that these numbers vary by community, and also by price range.  If you would like numbers for your community contact us.

 

 

 

 

 

 

 

 

 

 

 

 

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What’s really happening in the Calgary Real Estate Market?

Friday, January 3rd, 2020

What’s really happening in the Calgary Real Estate Market?  The market is simply a result of Supply and Demand therefore we look at both supply (inventory) and Demand (Sales) and the relationship between the two.  We also update you on the current benchmark price for all housing sectors.

First here is a graph that shows the months of inventory for each Sector.  Looking at a 2 year trendline gives you and indication of where things are really heading.

 

Following is a summary of what I deem to be the most important numbers.  Again we look at Total Inventory, Sales for the past 30 days, Months of Inventory and of course the benchmark price.  All numbers are taken from the Calgary Real Estate boards monthly stats package.

 

Gord’s comments – Just my opinion

A few comments on this month. 

Merry Christmas and Happy new year.  Yes, you will see major change this month, but this is 100% normal as everyone is focused on the holidays and not on Real Estate.  Here are my comments.

 

Current Months of Inventory (Absorption Rate): 

The larger changes were semi-detached decreasing by .72 and Apartment Condos which increased by .96   Every other sector was less than .25 of a change so fairly stable.

 

Calgary Listing Inventory

Every sector declined giving us 1327 less listings today than a month ago.  As above this is a seasonal trend and starting January, we will start to see these numbers rise again.

 

Calgary Sales:

Sales for December declined in all sectors, and again this is to be expected.  Sales declines were the highest in the Detached home and Apartment Condo sectors and were much lower in the Semi-Detached sector.

 

Sales Compared to 2018: 

Although sales from Nov to Dec dropped, the sales for Dec 2019 were 8% higher than sales in Dec 2018.  This in my opinion is important as we are starting to show more stability in the Market.

 

Calgary Real Estate Sales Prices:

Prices in the Attached – Row and Apartment condo sectors increased marginally (by 1,300 & 900 respectively).

Prices in Detached and Semi-Detached decreased marginally (1,400 & 2,200 respectively)

 

Calgary Real Estate Benchmark Prices Year to Date

As might be expected, all sectors saw a decrease in prices in 2019.

Detached homes:  Declined by $1.900 or .27%

Semi-Detached:  Decreased by $6,200 or 2.34%

Attached Row: Decreased by $1,400 or 1.87%

Apartment: Decreased by $2,300 or 1.07%

Overall Calgary Market:  Decreased by $2,600 or .6%

 

It’s also important to note that these numbers vary by community, and also by price range.  If you would like numbers for your community contact us.

 

 

 

 

 

 

 

 

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Calgary Real Estate Market Snapshot: June 1, 2019

Tuesday, June 4th, 2019

What is really happening in the Calgary Real Estate Market?

 

If you are new to our Monthly Snapshot please scroll to bottom for explanation.

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                                                  Current Report: June 1, 2019

 

Current Months of Inventory: 

More good news for the Real Estate Market this month.  All housing sectors decreased in the months of inventory with the highest decrease being in the Apartment Condo sector and a close 2nd for Semi- Detached. Of Special note both Detached Homes and Semi-Detached homes moved into balanced market territory.

 

End of April 2019 May 2019 Change
Detached 3.97 3.32 -0.65
Semi Detached 4.63 3.91 -0.72
Attached – Row 5.29 4.98 -0.31
Apartment 6.16 5.25 -0.91
Total City 4.57 3.89 -0.68

 

 Calgary Listing Inventory

In May, our inventory rose in all categories which is very normal for this time of year.

 

Inventory (End of) April 2019 May 2019 Change
Detached 3691 3921 230
Semi Detached 773 793 20
Attached – Row 1053 1100 47
Apartment 1546 1653 107
Total City 7063 7467 404

 

 Calgary Sales:

Sales for May increased in all sectors compared to April.   Sales increasing is again an expected change as we move into the spring market. The good news is that sales increases are outpacing listing inventory moving the entire market closer to balanced.

 

Calgary Sales  April 2019 May 2019 Change % Change
Detached 930 1182 252 27.10%
Semi Detached 167 203 36 21.56%
Attached – Row 199 221 22 11.06%
Apartment 251 315 64 25.50%
Total City 1547 1921 374 24.18%

 

 

***Sales Compared to last year***

In April our sales showed an increase over last April which is the first time in a few years that this has happened.  Hoping the trend continues.

 

  Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2018 102% 82% 72% 80% 82% 89% 95% 93% 85.9% 89.9% 83.0 78.6
2019 83.8% 89.6% 97.1% 102.2% 111.4

 

 Calgary Real Estate Sales Prices:

May saw price increases in all sectors except Apartment Condos.  Being that apartment condos have the highest months of inventory of all sectors, this is an expected result.

  Sales Prices Apr 2018     Benchmark Price  May 2019   Benchmark Price Change
Detached 478,700 487,900 9,200
Semi Detached 395,300 397,700 2,400
Attached – Row 284,900 286,500 1,600
Apartment 250,400 248,200 -2,200
Total City 415,900 424,600 8,700

 

 

Sales Prices “Year to Date”  

This is a positive month as the Detached sector moved into positive territory for the year, Semi-detached are almost break even while apartment Condos and Row Houses still have a ways to go.

Sales Prices Jan 2019    Benchmark Price  May 31, 2019    Benchmark Price Change

$

% Change
Detached 481,400 487,900 6,500 1.35%
Semi Detached 397,500 397,700 200 0.05%
Attached – Row 288,400 286,500 -1,900 -0.66%
Apartment 251,500 248,200 -3,300 -1.31%
Total City 418,500 424,600 6,100 1.46%

 

  

Explanation of our Calgary Real Estate Market Snapshot.

Stay ahead of everyone else by following our Monthly Market Snapshot of the Calgary Real Estate Market. This shows what’s really happening! The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and most importantly the relationship between the two and how it affects the price of Calgary Real Estate.  A simple way to keep up to date with how the market is trending and to stay ahead of most! All numbers are taken from the Calgary Real Estate Boards Stats package for Realtors. I have also included some general comments which are simply my opinion.

Months of Inventory:  If we did not list any more homes this is how many months it would take to deplete inventory.

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

Buyer’s Market >4.0 Drives prices down
Balanced Market Between 2.4 to 4.0 Prices typically remain stable
Seller’s Market <2.4 Drives prices up

 

 **Please note that these numbers include only Calgary and do change on a community basis, and more so for towns.  This report does not include rural properties and does not consider differences in different price ranges.  If you would like to find stats on your community just let me know.  If you have any questions about this summary or about Real Estate in general, please feel free to contact us.

 

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