Posts Tagged ‘Calgary’

« Older Entries
Newer Entries »

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

**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.

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.

Sign up for your personalized Market Report for your Community : http://www.calgaryareasolds.com/

Gord Piper

Tags:, , , , , , ,
Posted in Blog, Real Estate Board's Statistics | Comments Closed

CMHC Housing Market Outlook – Calgary

Friday, August 16th, 2013

This Outlook report for Calgary is published semi-annually and offers forecasts and analyses of trends in the new, resale and rental housing markets. For the new home market, housing starts and price changes are examined in detail, while the resale section presents sales activity, average prices, and listings. Analysis of the rental market focuses on vacancy rates, average rents and related forecasts. An overview and forecast of key economic indicators is also detailed, along with other factors affecting the local economy and housing market.  Check out their report at http://www.cmhc-schl.gc.ca/odpub/esub/64339/64339_2013_B01.pdf?fr=1376766245407 or visit their website at http://www.cmhc-schl.gc.ca

Tags:, , ,
Posted in Blog, CMHC | 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:, , , , , , ,
Posted in Blog, Property Values, Real Estate Board's Statistics | Comments Closed

Spring 2013 edition of CMHC’s Housing Market Outlook – Calgary

Thursday, July 4th, 2013

The Canadian Mortgage and Housing Corporation produces some great information on what”s happening with the housing market in Calgary.  Please keep in mind this australia online casinos report was produced prior to the Calgary Flood 2013.  The Spring 2013 edition of CMHC”s Housing Market Outlook – Calgary is now available and can be accessed by clicking on the link below.
http://www.cmhc-schl.gc.ca/odpub/esub/64339/64339_2013_B01.pdf

Tags:, ,
Posted in Blog, CMHC | 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:, , , , , , ,
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:, , , , ,
Posted in Blog, calgary realtor, Real Estate Board's Statistics | Comments Closed

How to Discourage Buyers from Buying Your Home

Thursday, May 16th, 2013

Selling a home in Calgary is very competitive. If you’re listing your home

for sale, then of course you’ll want to make the best impression possible

for potential home buyers. But, just to have a little fun, say you don’t want

 to sell your property. What could you do to discourage those who view

your home? 

Well, you could have your pets in the home during showings. That will

certainly make it uncomfortable for some buyers – especially those

with pet allergies. 

You could also leave personal items around, such as family pictures

and trophies. That will make it more difficult for a buyer to imagine

himself and his family living there. It might even make him feel a bit

like an intruder! 

Clutter in bedrooms, closets and other areas of the home will make

those spaces feel less spacious than they really are, as well as make

visitors feel uncomfortable. 

If you really want to turn off a buyer, then put off doing any minor

repairs. A dripping tap, torn carpet, flickering lights, dent in the wall,

 or other maintenance issues are certain to gain a buyer’s attention.

 If all that doesn’t shoo away a buyer from your home, then stick

around during a viewing and follow him and his family from room to

room telling them everything you can about your home.  That will

certainly make him feel uneasy.

 Of course, we’re just having a bit of fun here. When you put your

home on the market, you want to sell it!

 It’s easy to avoid all the pitfalls described above and ensure potential

buyers appreciate the full value of your home.

 So when you’re preparing for showings, think of ways you can make

your property appear its best, and make the buyer feel welcomed and

comfortable viewing it.

 

Tags:, , ,
Posted in Blog, Home Staging | 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:, , , , , , , ,
Posted in Blog, Real Estate Board's Statistics | Comments Closed

Calgary’s January 2013 Real Estate Market Snapshot

Sunday, February 3rd, 2013

In an effort to keep you informed about what is really happening in the Calgary Real Estate Market you will find a summary of some key areas with a few short comments.  In summary the Calgary housing market is starting off 2013 on a positive note.   All numbers below are from the Calgary Real Estate Board’s Monthly Stats package for Realtors.

Calgary Listing Inventory:  Inventory levels for all categories increased throughout January.  Seeing our inventory increase is very normal at this time of year as many people wait until the New Year instead of listing over the holidays.  This trend of increasing inventory should continue for the next few months.        

Inventory 

December  2012    

January 2013   

Change

Single Family Home

1859

2075

+216

Condo    Townhouse  

310

369

+41

Condo    Apartment 

553

640

+87

Total

2722

3084

+362

 

Calgary Sales:  Sales increased in all categories this month with except apartment condos.  This is a very normal trend as people were focused on Christmas in December and put off their home buying until the New Year.  The key here is that although sales increased 13.6% the number of listings on the market also increased by 13.3%  leaving us in roughly the same market position.          

Sales

Dec   2012

Jan 2013  

Change

% Change

Single   Family Home

745

879

+134

+18.0%

Condo  Townhouse    

119

147

+28

+23.5%

Condo   Apartment

219

204

-15

-6.9%

Total

1083

1230

+147

+13.6

 

Calgary Real Estate Sales Prices:  Please note that we are now using the Benchmark price for this comparison.  As the chart below demonstrates the benchmark price increased slightly for single family homes and apartment condos and decreased slightly for townhouses.    

 

Sales Prices

Dec  2012

Benchmark Price

Jan 2013

 Benchmark Price  

Change

Single   Family Homes

434,800

436,900

+2,100

Condo   Townhouse  

284,100

283,400

(700)

Condo  Apartment    

248,700

251,300

+2,600

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

Below 3.0 indicates a Seller’s Market

Between 3.0 to 4.0 indicates a Balanced Market

Above 4.0 indicates a Buyer’s Market.

Absorption Rate  

Dec 2012

Jan 2013  

Change

Single   Family Homes

2.50

2.36

(.14)

Condo   Townhouse  

2.61

2.51

(.1)

Condo  Apartment    

2.53

3.14

+.61

Total   Calgary

2.51

2.51

=

 

As you can see above we are in a Seller’s market for all categories except apartment condos. 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 me.  If you are thinking of Selling the first half of the year might be best as I expect our inventory to substantially increase by mid-year.

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 pass it on.  

Gord

Tags:, , , , , , ,
Posted in Blog, Real Estate Board's Statistics | Comments Closed

Snapshot of Calgary’s Real Estate Market for December 2012

Wednesday, January 2nd, 2013

Following is a short summary of what is happening in the Calgary Real Estate Market.   All data is taken from the December 2012 Calgary Real Estate Boards monthly Stats package for Realtors. you will also find my comments on each area. Overall the Calgary housing market slowed for the month of December which is very typical for the holiday season.   

Calgary Listing Inventory:  Inventory levels for all categories decreased again in November.  Seeing our inventory decrease is very normal at this time of year as most people like to wait until after Christmas and into spring to list their homes.  I believe that starting this week we will see inventory start to rise again.       

Inventory 

November  2012      

December  2012 

Change

Single Family Home

2586

1859

(727)

Condo    Townhouse  

426

310

(116)

Condo    Apartment 

819

553

(266)

Total

3831

2722

(1109)

 

Calgary Sales: 

Sales decreased in all categories this month although it’s important to point out that we still beat last year’s sales by 5.6%.   This is a very normal trend as people are focused on Christmas and put off their home buying until the New Year.  The key here is that although sales decreased by 25.6% the number of listings on the market decreased by 29.0% meaning the market is still very strong.         

Sales

Nov  2012

Dec 2012

Change

% Change

Single   Family Home

1006

745

(261)

(25.9%)

Condo  Townhouse    

198

119

(79)

(40.0%)

Condo   Apartment

253

219

(34)

(13.4%)

Total

1457

1083

(374)

(25.6%)

 

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

As the chart below demonstrates the benchmark price for all categories increased this month again.  In my opinion this is a very healthy market with good activity level and prices showing modest increases. We are however starting to see competing offers in some situations mostly in inner city, single family homes and rental properties.   

  

Sales Prices

Nov  2012 Benchmark Price  

Dec  2012 Benchmark Price  

Change

Single   Family Homes

433600

434,800

+1,200

Condo   Townhouse  

282800

284,100

+1,300

Condo  Apartment    

248,000

248,700

+700.

 

As we are at the end of another year here are the YTD numbers

Sales Prices

Dec  2011  Benchmark Price  

Dec  2012 Benchmark Price  

Change

% Change

Single   Family Homes

399,900

434,800

+ 34,900

+8.7%

Condo   Townhouse  

272,700

284,100

+11,400

+4.2%

Condo  Apartment    

236,000

248,700

+12,700

+5.38%

 

 

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

Below 3.0 indicates a Seller’s Market

Between 3.0 to 4.0 indicates a Balanced Market

Above 4.0 indicates a Buyer’s Market.

Absorption Rate  

Nov 2012

Dec  2012

Change

Single   Family Homes

2.57

2.50

(.07)

Condo   Townhouse  

2.15

2.61

+ .46

Condo  Apartment    

3.24

2.53

(.71)

Total   Calgary

2.63

2.51

(.12)

 

As you can see above we are in a Seller’s market for all categories. 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, 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 it on. 

Gord, Eric & Brent

Tags:, , , , , , ,
Posted in Blog, Real Estate Board's Statistics | Comments Closed

« Older Entries
Newer Entries »