Calgary Home Prices Down, But Not Out

Calgary Real Estate Prices Down Slightly in June 

Calgary home prices continue to slide in most areas of the market, but not at the rate that many might expect. This is partly due to June’s resiliency in the detached and semi-detached sectors of the market, where sales compared to new listings and standing inventory started returning to more balanced levels.

“The detached Calgary Real Estate market has been gradually moving towards more balanced conditions, helping to prevent price levels from declining at the faster rates we saw in the previous two quarters,” said CREB® chief economist Ann-Marie Lurie. “While this is welcomed news for sellers, it’s very likely that pricing challenges will persist in the Calgary…

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April Calgary Real Estate Sales Decline & New Listings Increase

Calgary Home Prices Down 3.4%, Higher Inventory Levels and Less Sales

The Calgary Real Estate Board’s (CREB®) April 2016 Calgary Regional Housing Market Statistics for the City of Calgary confirmed that the Benchmark Price for Total Residential (detached, attached & apartment homes) dropped 3.4% to $441,000 from $456,700 in April 2015 and from $442,800 in March 2016. The most recent high Benchmark Prices of $459,300 in August and September 2015, as well as $462,400 in January 2015, indicate a slow decline in 2016 market prices with no major market correction taking place. 

CREB® reported that slower sales, combined with rising inventories in the apartment and attached housing categories, ensured that market conditions continue to favour buyers in…

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Calgary Real Estate Report October 2015 eNews

Dear Friends,

October is one of the most vibrant, breathtaking and festive months in Alberta.  The colour of the leaves, the way the air feels and the sun shines in the afternoon, and the hustle and bustle of harvest, Thanksgiving and Halloween. 

While you enjoy these last weeks before winter sets in, try to take in as many local festivities you can – we’ve listed a few below – but don’t forget to get your home prepared for the coming months.  We’ve provided a checklist of the little things you can do now to save time and money later.  There’s also a summary of how the local housing market has faired this past year – something to keep in mind as we close in on the end of 2015 and the surge of activity before the holidays.

If you,…

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September Calgary Real Estate Prices Stable

Calgary Home Prices Unchanged Despite Higher Inventory Levels and Lower Sales

The Calgary Real Estate Board’s (CREB®) September 2015 Calgary Regional Housing Market Statistics for the City of Calgary confirmed that the Benchmark Price for Total Residential (detached, attached & apartment homes) dropped to $456,100 from $456,300 the previous month and $457,300 in September 2014. The most recent high Benchmark Prices of $459,900, in November 2014 and $459,100 in January 2015, continue to reinforce overall balanced market conditions and that no market crash is imminent. Even the median price has remained relatively stable over the past year and now sits at $425,000 - exactly the same as in September 2014. Continued job losses and unfavourable economic…

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Calgary Home Prices Stabilize in June

Calgary Real Estate Market Report for June 2015

The June 2015 Calgary Regional Housing Market Statistics confirmed that Calgary home prices have indeed stabilized and the Calgary real estate market between buyers and sellers has returned to balanced territory.

The most recent figures released by the Calgary Real Estate Board (CREB®) revealed a decline of 17.8% in the year-over-year Calgary home sales to 2,183 units for June 2015 compared to June 2014. Despite the drop, this is only 5% lower than the 10-year average for June and is in fact higher than some of the years since 2008. See the chart below for more details.





For the month of June, the level of new real estate listings was still high at 3,122 units, but because of the increased absorption…

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April 2015 Calgary Real Estate Benchmark Prices Down Slightly

The Calgary Real Estate Board’s (CREB®) April 2015 Calgary Regional Housing Market Statistics for the City of Calgary confirmed that the Benchmark Price for Total Residential (detached, attached & apartment homes) dropped to $451,600 from the most recent high of $459,900, in November 2014 and $459,100 in January 2015. The April 2014 Benchmark Price for all Calgary real estate was $443,400 still putting April 2015 at 1.85% higher than a year ago. Even the median price has remained fairly stable over the past year and sits at $419,000 in April 2015. Where's the market crash that the media was so keen on reporting in January and February of this year?

City of Calgary Real Estate Market Facts for April 2015:

New Listings were down 18%  - to 3,064 from…

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February 2015 Calgary Real Estate Sales Activity Drops

Calgary Real Estate Report

The Calgary Real Estate Board’s (CREB®) February 2015 Calgary Regional Housing Market Statistics for the City of Calgary confirmed that there was a 34% drop in residential sales activity over February 2014.

City of Calgary Real Estate Statistics for February 2015:

Listings were up 9%  - from 2,711 in February 2014 to 2,950.

Sales were down 34% - 1,217 units compared to 1,850 in February 2014.

Days on the market was 35 compared to 30 in February 2014.

Inventory levels rose to 5,474 units (covering all 3 housing types: detached, attached & apartment homes), up from 2,641 in February 2014.
This is still well below the record high level of over 6,900 units in February 2008.

Overall supply levels were 4.5…

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Calgary Housing Market is up in 2013

Calgary Housing Prices Rise in 2013

The Calgary housing market performed strongly in 2013, with its momentum gradually transcending into the new year.

According to data released by the Calgary Real Estate Board (CREB®), the median and average sale prices of Calgary homes reached all-time high records in the recent year-end. This confirms that Calgary housing market is up in 2013.

The year-over-year sales volume in December was 8% higher compared to the same period in 2012. Overall, the 2013 Calgary home market saw an 11% growth volume for the entire year. Calgary residential sales reached 1,172 units in December, resulting to a total of 23,489 sold units in 2013. Home prices for 2013 also increased 8.6% from 2012.

CREB® chief economist, Ann…

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Calgary MLS Listings are Down

The 2014 Calgary real estate market has started with signs of renewed upward momentum from last year’s increasing home prices. The upsurge in prices is attributable to declining Calgary MLS listings and sustained high demand for homes for sale.

The beginning inventory of MLS Calgary listings for single-family homes this year is 1,515, the lowest level to start a year since 2006. In a decade, it is also the second fewest active Calgary MLS listings to start a year.

According to an associate broker at First Place Realty, Calgary’s overall real estate market started this January with 2,236 active listings, a decrease of 17.9% from the previous year. Last year started with 2,722 active MLS Calgary listings in January, or 31.8% lower than the 3,989 homes…

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Calgary Luxury Home Market Pushes Prices to New Records

According to a preliminary unofficial report from the Calgary Real Estate Board (CREB®), Calgary luxury home market pushed prices to new records in 2013. The median and average sale prices of single-family homes and all MLS Calgary transactions reached all-time high records for Calgary in 2013.

The median sale price for single-family homes in 2013 recorded at $450,000, a 7.14% increase from the previous year. For the total Calgary MLS, the median sale price increased 5.53% from the previous year to $401,000 in 2013.

The month of December recorded the highest-ever monthly average Calgary home sale price of $527,763. This marks a solid year for the Calgary residential real estate market, surpassing the record level of $526,546 reached in June 2013.

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