Another month is over giving us the pleasure to provide the following information – a summary of key numbers from the Calgary Real Estate Boards November statistics Package. For Community Stats please click here!
Calgary Listing Inventory: As noted below the inventory continues to decrease. View Calgary Listings here!
| Inventory | October | November | Change |
| Single Family Home | 4528 | 3869 | Decrease of 659 |
| Condo’s | 2042 | 1882 | Decrease of 160 |
| Total | 6570 | 5751 | Decrease of 819 |
Calgary Sales: Sales are very similar to October’s sales but are again down from last year’s sales. This trend is very normal for this time of year as many people do not want to make a move in the middle of winter.
| Sales | October | November | Change |
| Single Family Home | 958 | 888 | Decrease of 70 |
| Condo’s | 310 | 310 | = |
| Total | 1309 | 1198 | Decrease of 70 |
Calgary Real Estate Sales Prices : For this summary, I will focus only on the Median Sales Price as the average can be skewed by Realtors selling more of less million dollar homes and is a better reflection of the market. Interesting that the median price went up this month. Speculating again – when buyers realize that the prices may be heading back up some buyers who have held off may jump in and buy now.
| Sales Prices | October Median Price | November Median Price | Change |
| Single Family Homes | $387,900 | $399,900 | Increase of $12,000 |
| Condo’s | $255,000 | $253,300 | Decrease of $1700 |
Summary: November’s numbers look very close to October’s and although we are down from last year there continue to be indications that things may start to pick up again. The median price of a single family home increased by $12,000 this month.
If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us anytime.
Thinking about a move in 2011 – now is the time to start preparing so that you get top dollar for your home! We would be happy to arrange a pre home sale consultation.
Interested in more info about specific communities in Calgary visit our friends at calgaryarea.com
Gord Piper and Brent Wilcox
Century 21, The Professionals Ltd.
403-861-2256