Calgary Real Estate Stats « The Gord Piper & Associates Real Estate Blog

Posts Tagged ‘Calgary Real Estate Stats’

Calgary Real Estate Market Snapshot March 2014

Sunday, March 2nd, 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 still entrenched is a Sellers Market with very little supply and strong demand. This month sales increased by 28.75% and our inventory only increased by 14.6%.

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. There is still a shortage of homes on the market and the good ones are selling very fast. We are seeing competing offers daily now and sellers getting 5 or more offers is common.

Inventory	January 2014	February 2014	Change
Single Family Home	1671	1894	+223
Condo Townhouse	277	324	+47
Condo Apartment	577	677	+100
Total	2525	2895	+370

Calgary Sales:

Sales in February increased in every category over last month which is to be expected at this time of year. I believe that as we get more listings on the market sales will continue to rise as there is a pent up demand.

Sales	January 2014	February 2014	Change	% Change
Single Family Home	974	1230	+256	+26.2%
Condo Townhouse	206	265	+59	+28.6%
Condo Apartment	260	359	+99	+38.1%
Total	1,440	1854	+414	+28.75%

Calgary Real Estate Sales Prices:

In February, the benchmark price increased for all categories. Watch prices continue to rise until the inventory starts to rise.

Sales Prices	January 2014 Benchmark Price	February 2014 Benchmark Price	Change
Single Family Homes	476,700	482,800	+$6,100
Condo Townhouse	308,100	309,700	+$1,600
Condo Apartment	280,600	283,400	+$2,800

Sales Prices “Year to Date”

Year to date prices – same as above 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	February 2014 Benchmark Price	Change $	% Change
Single Family Homes	472,200	482,800	+10,600	+2.2%
Condo Townhouse	307,100	309,700	+2,600	+.85%
Condo Apartment	278,600	283,400	+4,800	+1.7%

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 February our inventory increased by 14.6% and our sales increased by 28.5% making it even a stronger market for sellers. As mentioned above competing offers are happening all over.

Absorption Rate	January 2014	February 2014	Change
Single Family Homes	1.71	1.54	-.17
Condo Townhouse	1.34	1.22	-.12
Condo Apartment	2.21	1.88	-.33
Total Calgary	1.75	1.56	-.19

**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.

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

Tags:Calgary Home Prices, Calgary Real Estate Stats, Northwest Calgary Real Estate Prices, sell my home calgary
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Calgary Real Estate Market snapshop updated Feb 3, 2014

Monday, February 3rd, 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 still entrenched is a Sellers Market with limited supply and strong sales and I do not see that changing anytime soon.

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. The Calgary housing market started off the year on a strong note with sales 11.1% higher than in January 2013. We are still in a very strong seller’s market position.

Calgary Listing Inventory: Inventory levels increased slightly this month which is very normal for this time of year as the holidays are behind us. There is still a shortage of homes on the market and the good ones are selling very fast.

Inventory	December 2013	January 2014	Change
Single Family Home	1515	1671	+156
Condo Townhouse	242	277	+35
Condo Apartment	479	577	+98
Total	2236	2525	+289

Calgary Sales:

Sales in January increased in every category over last month which is to be expected at this time of year. It is also important to note that sales in January were 17% higher than sales in January 2013. I believe that as we get more listings on the market sales will continue to rise as there is a pent up demand.

Sales	December 2013	January 2014	Change	% Change
Single Family Home	744	974	+230	+31.0%
Condo Townhouse	179	206	+27	+15.0%
Condo Apartment	221	260	+29	+18.0%
Total	1144	1,440	+296	+26%

Calgary Real Estate Sales Prices:

In January, the benchmark price increased for all categories except. As long as our ratio of sales to listings remains the same this upward trend will continue.

Sales Prices	December 2013 Benchmark Price	January 2014 Benchmark Price	Change
Single Family Homes	472,200	476,700	+$4,500
Condo Townhouse	307,100	308,100	+$1,000
Condo Apartment	278,600	280,600	+$2,000

Sales Prices “Year to Date”

Year to date prices – same as above 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	January 2014 Benchmark Price	Change $	% Change
Single Family Homes	472,200	476,700	+$4,500	+1%
Condo Townhouse	307,100	308,100	+$1,000	–
Condo Apartment	278,600	280,600	+$2,000	+1%

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 the starter home price range we are still seeing lots of competing offers.

Absorption Rate	December 2013	January 2014	Change
Single Family Homes	2.03	1.71	-.32
Condo Townhouse	1.35	1.34	-.1
Condo Apartment	2.17	2.21	+.04
Total Calgary	1.96	1.75	-.21

Please feel free to pass this on. Gord, Eric & Brent

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

October 2013, Calgary Real Estate Market Snapshot

Monday, September 30th, 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. It is important to note that for the first time in more than 6 months the absorption rate increased above 2.0 so we are seeing a slight shift.

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 remained almost flat this month.

Inventory	August 2013	September 2013	Change
Single Family Home	2791	2789	-2
Condo Townhouse	417	450	33
Condo Apartment	690	683	-7
Total	3898	3922	24

Calgary Sales:

Sales decreased marginally in all categories except townhouses which saw a small increase this month. This is very normal as sales typically start slowing at this time of year. To look at another perspective even though sales slowed this month they were 19% higher than in August 2012.

Sales	August 2013	September 2013	Change	% Change
Single Family Home	1517	1354	-163	-10.7
Condo Townhouse	282	245	37	13.6
Condo Apartment	397	324	-73	-18.4
Total	2196	1923	-273	-12.4

Calgary Real Estate Sales Prices:

In September, the benchmark price stayed almost flat for all categories with apartment condo’s showing the largest increase.

Sales Prices	August 2013 Benchmark Price	September 2013 Benchmark Price	Change
Single Family Homes	464,700	463,700	-1,000.
Condo Townhouse	298,500	299,100	600
Condo Apartment	270,600	272,900	2,300

Sales Prices “Year to Date”

Year to date prices have increased in all categories.

Sales Prices	Dec 31 2012 Benchmark Price	September 2013 Benchmark Price	Change	% Change
Single Family Homes	434,800	463,700	28,900	6.65
Condo Townhouse	284,100	299,100	15,000	5.27
Condo Apartment	248,700	272,900	24,200	9.73

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 September our absorption rate increased in all categories. This could be the start of a shift as this is the first time in several months that the absorption rate has exceeded 2.0. Of course we have a long way to move still to move into a buyers market.

Absorption Rate	August 2013	September 2013	Change
Single Family Homes	1.84	2.06	.22
Condo Townhouse	1.47	1.84	.37
Condo Apartment	1.74	2.1	.36
Total Calgary	1.78	2.04	.26

Interest Rates are on the rise – if you are even considering making a move get to your bank and get a mortgage commitment locked in at today’s rates. It looks like they may even go higher.

Tags:Calgary Condos, calgary real estate, Calgary Real Estate Stats, Condominium, sell my home calgary, Townhouse
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Sept 2013 Calgary Real Estate Market Snapshot

Monday, September 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 except townhouses decreased again throughout August.

Inventory	July 2013	August 2013	Change
Single Family Home	2917	2791	-126
Condo Townhouse	407	417	10
Condo Apartment	768	690	-78
Total	4092	3898	-194

Calgary Sales:

Sales decreased marginally in all categories this month. This is very normal as many people are focused on summer vacations, back to school etc. The other reason for this is that listings are so low that good homes are challenging to find.

Sales	July 2013	August 2013	Change	% Change
Single Family Home	1575	1517	-59	-3.6%
Condo Townhouse	295	282	-13	-.44%
Condo Apartment	398	397	-1	–
Total	2268	2196	-72	-3.2%

Calgary Real Estate Sales Prices:

In August, the benchmark price increased slightly for all categories. This is simply a reflection of demand outpacing supply Mens andre nettsider hovedsakelig fokuserer pa norske spilleautomater pa nett, onsker vi ogsa a servere deg informasjon om de ekte maskinene. and this trend will continue until the inventory starts to increase faster than sales.

Sales Prices	July 2013 Benchmark Price	August 2013 Benchmark Price	Change
Single Family Homes	461,600	464,700	3,100
Condo Townhouse	294,500	298,500	4,000
Condo Apartment	267,600	270,600	3,000

Sales Prices “Year to Date”

Year to date prices have increased in all categories.

Sales Prices	Dec 31 2012 Benchmark Price	August 2013 Benchmark Price	Change	% Change
Single Family Homes	434,800	464,700	29,900	6.9%
Condo Townhouse	284,100	298,500	14,400	5.1%
Condo Apartment	248,700	270,600	21,900	8.8%

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 August our absorption rate decreased in all categories except townhouses. With inventory shrinking faster than sales are slowing it is now pushing us into a stronger “Sellers market position”.

Absorption Rate	July 2013	August 2013	Change
Single Family Homes	1.85	1.84	-.01
Condo Townhouse	1.37	1.47	.1
Condo Apartment	1.93	1.74	-.19
Total Calgary	1.80	1.78	-.02

In Other News:

Rumor on the street is that CMHC has hit their annual $ limit for mortgage insurance so getting this product might be a little more difficult.

Interest Rates are on the rise – if you are even considering making a move talk to your bank or mortgage broker and get a mortgage commitment locked in at today’s rates.

Gord Piper

Tags:Business/Finance, Calgary, calgary real estate, calgary real estate prices, Calgary Real Estate Stats, nw calgary, Real estate, Real estate economics
Posted in Blog, Real Estate Board's Statistics | Comments Closed

Aug 2013 Calgary Real Estate market snapshot

Thursday, August 1st, 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 very strong and we are moving even deeper into a Sellers Market.

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 decreased again throughout July. If you have been following my reports the Inventory levels had been increasing a little every month until last month. This may very well be due to the flooding disaster in Calgary where some listings were taken off the market.

Inventory	June 2013	July 2013	Change
Single Family Home	3199	2917	-282
Condo Townhouse	489	407	-82
Condo Apartment	896	768	-128
Total	4584	4092	-492

Calgary Sales:

Sales decreased in all categories except apartment condos this month. Following the trends of the last few years we are getting into summer vacations when people take holidays and therefore the sales numbers drop a little. A very normal change.

Sales	June 2013	July 2013	Change	% Change
Single Family Home	1638	1575	-63	-3.8%
Condo Townhouse	317	295	-22	-.7%
Condo Apartment	362	398	36	1.0%
Total	2317	2268	-49	-2.1%

Calgary Real Estate We used another online defensive driving school school for our other son. Sales Prices: Please note that we are now using the Benchmark price for this comparison.

In July, the benchmark price increased slightly for all categories except townhouses which saw a small drop. This is simply a reflection demand outpacing supply and will continue until the inventory starts to increase faster than sales.

Sales Prices	June 2013 Benchmark Price	July 2013 Benchmark Price	Change
Single Family Homes	459,700	461,600	1900
Condo Townhouse	295,000	294,500	(500)
Condo Apartment	264,000	267,600	3600

Sales Prices “Year to Date”

Year to date prices have increased in all categories.

Sales Prices	Dec 31 2012 Benchmark Price	July 2013 Benchmark Price	Change	% Change
Single Family Homes	434,800	461,600	26,800	6.1%
Condo Townhouse	284,100	294,500	10,400	3.66
Condo Apartment	248,700	267,600	18,900	7.6%

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 July our absorption rate decreased in all categories. With inventory shrinking faster than sales are slowing it is now pushing us into a stronger “Sellers market position”.

Absorption Rate	June 2013	July 2013	Change
Single Family Homes	1.95	1.85	-.1
Condo Townhouse	1.54	1.37	-.17
Condo Apartment	2.48	1.93	-.55
Total Calgary	1.98	1.80	-.18

**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.

Tags:Calgary, Calgary Home Prices, calgary real estate, Calgary Real Estate Stats, Condominium, Demand, Northwest Calgary Real Estate Prices, Townhouse
Posted in Blog, Property Values, Real Estate Board's Statistics | Comments Closed

June 2013, Calgary Real Estate Market Snapshot

Tuesday, July 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 very strong. Sales are strong and our inventory is on the low side making it a strong Seller’s market.

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 decreased throughout June which is a little bit of a twist. If you have been following my reports the Inventory levels have been increasing a little every week until last week when they went down by 240 listings. This is most likely due to the flooding disaster in Calgary where some listings were taken off the market. I believe that the trend of increasing inventory will start back next week.

Inventory	May 2013	June 2013	Change
Single Family Home	3311	3199	-112
Condo Townhouse	503	489	-14
Condo Apartment	929	896	-33
Total	4743	4584	-159/-3.4%

Calgary Sales:

Sales decreased in all categories this month. Following the trends of the last few years we are getting into summer vacations when people take holidays and therefore the sales numbers drop a little.

What is important to note here is that our sales decreased a higher percentage than our inventory decreased moving us a little closer to a buyer’s market (although we have a long way to go) to get there. Interestingly enough sales each week in June we about the same with no drop at all during the flood and early stages of clean up.

Sales	May 2013	June 2013	Change	% Change
Single Family Home	1766	1638	-128	-7.2%
Condo Townhouse	365	317	-48	-13.1%
Condo Apartment	413	362	-51	-12.3%
Total	2544	2317	-227	-8.9%

Calgary Real Estate Sales Prices: Please note that we are now using the Benchmark price for this comparison.

In June, the benchmark price increased slightly for all categories. This is simply a reflection demand outpacing supply and should continue until the inventory starts to increase faster than sales.

Sales Prices	May 2013 Benchmark Price	June 2013 Benchmark Price	Change
Single Family Homes	456,900	459,700	+2800
Condo Townhouse	292,100	295,000	+2900
Condo Apartment	263,600	264,000	+400

Sales Prices “Year to Date”

Year to date prices have increased in all categories.

Sales Prices	Dec 31 2012 Benchmark Price	June 2013 Benchmark Price	Change	% Change
Single Family Homes	434,800	459,700	+24,900	+5.7%
Condo Townhouse	284,100	295,000	+10,900	+3.8%
Condo Apartment	248,700	264,000	+15,300	+6.2%

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 June there was little change in the absorption rate although the direction is moving towards a more balanced market.

Absorption Rate	May 2013	June 2013	Change
Single Family Homes	1.87	1.95	+.08
Condo Townhouse	1.37	1.54	+.17
Condo Apartment	2.25	2.48	+.23
Total Calgary	1.86	1.98	+.12

**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.

Gord, Eric, Brent & Jason

Tags:Calgary, Calgary Condos, calgary real estate, calgary real estate prices, Calgary Real Estate Stats, Consumer theory, Inventory, Northwest Calgary Real Estate Prices
Posted in Blog, Property Values, Real Estate Board's Statistics | Comments Closed

May’s Calgary Real Estate Market Snapshot

Monday, June 3rd, 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 very strong. Sales are strong and our inventory is on the low side making it a Seller’s market.

Here is the details along with a few comments, all numbers are taken from the Calgary Real Estate Boards Stats package for Realtors.

Calgary Listing Inventory: Inventory levels for all categories except townhouses increased throughout May. The Townhouse inventory dropped only marginally. Seeing our inventory increase is very normal at this time of year as many people wait until spring to list their homes. This trend of increasing inventory should continue for the next few months.

Inventory	April 2013	May 2013	Change
Single Family Home	2977	3311	+334
Condo Townhouse	518	503	-15
Condo Apartment	871	929	+58
Total	4366	4743	+377

Calgary Sales:

Sales increased in all categories except apartment Condo’s this month. Apartment condo sales dropped but by very little. What is important here is that our sales increased at a lower rate than our inventory moving us towards a balanced market (although we have a long way to go). We are still challenged to find good Single Family homes for buyers as there is little choice so many buyers are moving into the townhouse market, the condominium market and surrounding towns.

Sales	April 2013	May 2013	Change	% Change
Single Family Home	1611	1766	+155	+9.6%
Condo Townhouse	341	365	+24	+7.0%
Condo Apartment	429	413	-16	-3.8%
Total	2381	2544	+163	+6.8%

Calgary Real Estate Sales Prices: Please note that we are now using the Benchmark price for this comparison.

In May, the benchmark price increased slightly for all categories. This is simply a reflection demand outpacing supply and should continue until the inventory starts to increase faster than sales.

Sales Prices	April 2013 Benchmark Price	May 2013 Benchmark Price	Change
Single Family Homes	452,900	456,900	+$4,000
Condo Townhouse	288,900	292,100	+$3,200
Condo Apartment	261,300	263,600	+$2,300

Sales Prices “Year to Date”

Year to date prices have increased in all categories.

Sales Prices	Dec 31 2012 Benchmark Price	May 2013 Benchmark Price	Change	% Change
Single Family Homes	434,800	456,900	+$22,100	+5.1%
Condo Townhouse	284,100	292,100	+$8,000	+2.8%
Condo Apartment	248,700	263,600	+$14,900	+5.99%

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 May there was little change in the absorption rate except for the apartment condo market which softened a little.

Absorption Rate	April 2013	May 2013	Change
Single Family Homes	1.85	1.87	+.02
Condo Townhouse	1.52	1.37	-.15
Condo Apartment	2.03	2.25	+.22
Total Calgary	1.83	1.86	+.03

**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 please contact us.

If you have any questions about this summary or any Real Estate questions please feel free to contact us.

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 real estate, calgary real estate prices, Calgary Real Estate Stats, Condominium, moving to calgary
Posted in Blog, calgary realtor, Real Estate Board's Statistics | Comments Closed

April’s Calgary Real Estate Market Snapshot

Tuesday, April 30th, 2013

Want to know what is really happening in Calgary’s Real Estate Market. Bottom line Real Estate is all about supply and demand so that is our focus here. Below you will find a summary of some key Factors with a few short comments. In summary the Calgary housing market is very strong. Sales are strong and our inventory is on the low side making it a Seller’s market. All numbers below are taken from the Calgary Real Estate Boards Stats Package for Realtors.

Calgary Listing Inventory: Inventory levels for all categories increased throughout April. Seeing our inventory increase is very normal at this time of year as many people wait until spring to list their homes. This trend of increasing inventory should continue for the next few months.

Inventory	March 2013	April 2013	Change
Single Family Home	2727	2977	+250
Condo Townhouse	484	518	+34
Condo Apartment	796	871	+75
Total	4007	4366	+359

Calgary Sales:

Sales increased in all categories this month. What is important here is that our sales increased at a higher rate than our inventory putting us into an even stronger sellers market than last month. What I am seeing is that good single family homes in the lower price ranges are harder to find and therefore we are seeing more buyers moving into the townhouse market, the condominium market and surrounding towns.

Sales	March 2013	April 2013	Change	% Change
Single Family Home	1480	1611	+131	+8.8%
Condo Townhouse	283	341	+58	+20.4%
Condo Apartment	347	429	+82	+23.6%
Total	2110	2381	+271	+12.84

Calgary Real Estate Sales Prices: Please note that we are now using the Benchmark price for this comparison.

In April the benchmark price increased slightly for all categories. This is simply a reflection demand outpacing supply and may continue until the inventory starts to increase faster than sales.

Sales Prices	March 2013 Benchmark Price	April, 2013 Benchmark Price	Change
Single Family Homes	446,500	452,900	+$6,400
Condo Townhouse	286,800	288,900	+$2,100
Condo Apartment	257,700	261,300	+$3,600

Sales Prices “Year to Date”

Once again we saw increases in all categories.

Sales Prices	Dec 31 2012 Benchmark Price	April 2013 Benchmark Price	Change	% Change
Single Family Homes	434,800	452,900	+18,100	+4.2%
Condo Townhouse	284,100	288,900	+4,800	+1.7%
Condo Apartment	248,700	261,300	+12,600	+5.1%

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	March 2013	April 2013	Change
Single Family Homes	1.84	1.85	+.01
Condo Townhouse	1.71	1.52	– .19
Condo Apartment	2.29	2.03	– .26
Total Calgary	1.90	1.83	– .07

Yes, we are in a Sellers Market

As you can see above we are in a Seller’s market for all categories and it is getting stronger in favour of sellers. 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.

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

Gord, Eric & Brent

Tags:Business/Finance, Calgary, Calgary Home Prices, calgary real estate, calgary real estate prices, Calgary Real Estate Stats, Condominium, Inventory, Real Estate Absorption Rate
Posted in Blog, Real Estate Board's Statistics | Comments Closed

The Gord Piper & Associates Real Estate Blog

Posts Tagged ‘Calgary Real Estate Stats’

Calgary Real Estate Market Snapshot March 2014

Calgary Real Estate Market snapshop updated Feb 3, 2014

November 2013 Calgary Real Estate Market Snapshot

November 2013 Monthly Real Estate Market Snapshot

October 2013, Calgary Real Estate Market Snapshot

Sept 2013 Calgary Real Estate Market Snapshot

Aug 2013 Calgary Real Estate market snapshot

June 2013, Calgary Real Estate Market Snapshot

May’s Calgary Real Estate Market Snapshot

April’s Calgary Real Estate Market Snapshot

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