Moving Calgary Forward

The number of sales in the single family and condominium markets continue to out-pace last year’s numbers by a 28-36% margin. Listing inventories are continuing to decrease week over week. The complete stats for the month of June will be out next week, so far the average sale price of a single family home over the past 30 days is $441,449 (median of $395,000). The average price is up 1.15% in the past month, up 5.76% year-to-date.

This update covers the activity for the period of June 1 - June 24, 2009

This report is based on data made available by the Calgary Real Estate Board on June 26, 2009.

The statistics on February 2009 market activity have just been released by the Calgary Real Estate Board and will soon be available on the public portion of www.CREB.com.

There are some significant changes since last month that I’d like to highlight. The first is the supply/demand (absorption rate) situation. At the pace of sales in January there were 7.35 months of supply in the single family market and 8.55 months in the condo market. Based on the pace of sales in February the situation has changed substantially, there are now just 5.28 months of supply on the single family market and 6.02 in the condo market. This is still a buyers’ market, but looking at the chart below indicates which direction we’re moving.

Second, price. For both the condo and single family markets the price changes from January to February were minimal (+/- less than 1%).  In January the average sale price of a single family home was $413,049. In February that number increased to $415,568. For condominiums the price in January was $270,940 and in February it declined to $268,971.

The March edition of my client newsletter was recently mailed out. Access the PDF edition here.

Topics include:

- Home Owners Return on Renovation Index

- New “Zero down” options

- Monthly Market Repor

- Upcoming seminar for first-time home buyers

 March 2009 Client Newsletter: Download

This update covers the activity for the period of February 1 - February 4, 2009

This report is based on data made available by the Calgary Real Estate Board on February 6, 2009.

This update covers the activity for the period of January 1 - January 21, 2009

This report is based on data made available by the Calgary Real Estate Board on January 26, 2009.

The second weekly update on activity in 2009 shows sales continuing at about 1/3rd of last year’s pace so far. Weekly updates are published as they are made available by the Calgary Real Estate Board.

The sales reported are firm/unconditional - there are currently (Monday Jan 19th @ 11am) 270 sales pending in the Calgary Metro - Single Family / Condo category.

This update covers the activity for the period of January 1 - January 14, 2009

This report is based on data made available by the Calgary Real Estate Board on January 19, 2009.

The first weekly update on sales in 2009 shows a slow start to the year with 58 homes and 24 condos changing hands in the first 7 days of the new year. Weekly updates will now resume every Friday and are based on data provided by the Calgary Real Estate Board.

This update covers the activity for the period of January 1 - January 7, 2009

This report is based on data made available by the Calgary Real Estate Board on January 9, 2009.

The December 2008 market statistics released by the Calgary Real Estate Board (www.creb.com) show a continued seasonal decline in supply for both the single family and condominium markets. Current supply levels are 14.74% more in single family homes and 21.37% greater in condominiums.

Compared with last year the sales volume for December was down 46-47% resulting in the gap in supply vs. demand shown in the chart. The y-axis lists the number of months of supply based on the level of inventory and current number of sales per month.