Again, just like in February, sales activity reached a monthly high and also hit new all-time record high for any given month. Gains happened across all property types and they all hit new all-time record highs. 

An increase in new listings this month helped the growth in sales activity but inventory has remained low, ensuring the continuation of the sellers market.

With an unadjusted benchmark price of $518,600 this month, the monthly gain increased by another four per cent. After three consecutive gains, prices have risen by nearly $55,000 since December and currently sit nearly 18 per cent higher than last year’s levels. 

Despite the strong start to the year, price gains and rising lending rates are expected to weigh on demand in the second half of this year. Nonetheless, persistently tight conditions will likely continue to impact the market over the next several months.

Contact me to discuss how this impacts your buying or selling decision! 

Read Full CREB Market Report 

Read full post

Thanks to strong sales, inventory levels in the city eased to 2,620 units (the lowest levels since 2006) and the months of supply remains low for this time of year around 1.3 months.

The market conditions are tight and contributed to the upward pressure on prices. The unadjusted benchmark price in January was $472,300, a monthly gain of nearly 2% and a year-over-year gain of 12%.

There were 2,009 sales in January, which was well below record levels, but over 98% higher than long-term trends. Have questions about how this impacts your selling decision? Contact me to sell TODAY!
Read full post

Total residential sales was 2,162 in September, nearing the record high for the month recorded in 2005. Inventory levels eased to 5,607 units, keeping the months of supply below three months.⁠

The total residential benchmark price in Calgary was $457,900, over 8%higher than levels recorded last year.⁠

Contact me with your questions about how this impacts your buying or selling decision. ⁠

Read full post

August sales reached 2,151 units which is a 37% increase from last year.

Sales have slowed but when looking at the year-to-date sales, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years. 

The months of supply in August was nearly three months. This is an improvement but conditions remain far tighter than usual. Some improvements in supply compared to sales have been slowing price growth.

As of August, the total residential benchmark price was $459,600, slightly lower than last month, but over 9% higher than last year.

The price gains have ranged by product type, with the highest gains occurring in the detached sector of the market.

Contact me with questions as to how this affects your buying or selling decision!

Read full post
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.