Dan Welyk Realtor®  Since 1999

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April 2013 was another solid month in Calgary's Real Estate market.  The market has slowed slightly from back in February when there was a lot of talk of our 'insane real estate market' in the media.  

We are up just over 5% from the same period in 2012, and with the number of sales being almost the same we can sit comfortably knowing we are not heading down the same path as 2006/07.

You can see in the graph below, the slow increase in the Home Price Index (HPI) over the past few years, a sign of a strong, healthy and balanced market.

Calgary Home Price Index April 2013

HPI for Calgary Real Estate Statistics April 2013

We have hear a lot of talk of our average price in the city has also increased significantly.  There is no denying this.  Calgary has seen a record number of luxury home sales this year driving the average sale price upwards.  

An important statistic we must pay close attention to are Days on Market, as well as what are first time buyers doing.  First time buyers are the catalyst to a healthy market, if they are buying homes, it spills out to the rest of the market like a domino effect.  

Market Snapshot

Single Family

Condo/Apartment

Condo/Townhouse

Monthly

Apr/12

Apr/13

%Chg

Apr/12

Apr/13

%Chg

Apr/12

Apr/13

%Chg

Total Sales

1580

1611

1.96

351

429

22.22

268

341

27.24

New Listings

2284

2408

5.43

595

614

3.19

360

454

26.11

Average Price

483,045

510,834

5.75

267,931

291,345

8.74

320,607

337,119

5.15

Active Listings

3501

2977

-14.97

1157

871

-24.72

612

518

-15.36

Days on Market

38

31

-19.41

50

41

-18.62

49

36

-26.64

 

MLS HPI

April 2013

% of Changes

 

 

Benchmark $

HPI

Jan/13

Oct/12

Apr/12

Apr/10

Apr/08

Single Family

452,900

190

1.4%

4.5%

7.3%

9.9%

5.3%

Condo/TH

288,900

181

0.7%

3.6%

4.5%

1.9%

-7.1%

Condo/Apt

261,300

183

1.4%

5.8%

7.4%

4.0%

6.2%

In April, we saw a 22.22% increase in Condo Apartments as well as a 27.24% increase for townhomes over the same period last year.  Single family homes on the other hand only increased 1.96%.  With this, I would anticipate a continued show of strength and stability in Calgary's housing market.

Download this month's full Calgary Real Estate Board Statistical Package

 

What are your thoughts on Calgary's real estate market?

 

View previous month statistic's.

 

You may be curious to know what your home or condo is worth with some of the increases in market values.  I can provide quick and easy (no obligation of course) online home evaluations.  Just a click away...

 

About the Author

Dan Welyk

Dan Welyk has been a Licensed Real Estate Professional since 1999 and has grown up in the Real Estate Industry. FindNewDigs.com brings home buyer's and home owners together to find useful information, tools and ideas.

 

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Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
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.
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