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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! 

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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!
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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. ⁠

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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!

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For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.

Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring.

Year-to-date sales remain over three per cent lower than last year’s levels.

New listings continue to slow, reducing inventory in the market. On a year-to-date basis, new listings have eased by nearly ten per cent and are at the lowest level recorded since 2001. This has reduced the oversupply that has been impacting the market for nearly five years.

Tighter conditions in the housing market have contributed to some of the recent gains in benchmark prices. As of November, the benchmark price was $423,600. This is nearly two per cent higher than last year’s levels.

However, conditions vary depending on price range. There is not a lot of supply for affordable homes in each product type because of high demand. This is likely causing differing price trends in the lower end of the market versus the higher end.

HOUSING MARKET FACTS

Detached

November sales activity improved across every district, contributing to a year-over-year citywide increase of 26 per cent. Improving sales over the past six months have helped offset some of the pullbacks from earlier in the year, as year-to-date sales were only two per cent lower than last year’s levels.

Like other sectors, inventory in the detached market has also eased due to the sharp decline in new listings. This has kept the months of supply below three months for the past three months. The tighter market conditions are supporting price gains. As of November, the detached benchmark price improved by nearly three per cent compared to last year for a total of $492,000. However, prices did not improve across all districts, as the City Centre continues to record prices that are one per cent lower than last year’s levels.

Activity for this product type does vary significantly depending on location and price range. The pullback in new listings relative to sales has caused significant reductions in inventory for homes priced below $500,000. Higher price ranges have also seen some declining inventory, but the degree of decline has not been as significant. In fact, the market is exhibiting sellers’ market conditions for homes priced below $500,000, while still favouring the buyer for homes priced above $700,000.

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