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