Dan Welyk Realtor®  Since 1999

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Analysis of December 2012 Calgary Real Estate Sales

 

Well December 2012 sure was an interesting month for Calgary Real Estate activity.  Was definitely busy.
 

As mentioned in November Calgary CREB statistic update, there were loads of buyers that seemed to be sitting on the fence - quite a number of them made a jump last month.
 

We finished off the month of December with a total increase in sales of 6.28% more sales than the same time last year and the total number of sales in 2012 went up by 14.66% over 2011.  Sure sign of a recovered real estate market. 

Calgary Year to Date Real Estate Sales

Calgary Real Estate MLS Year by Year Sales Comparison

Be a little weary when watching the media reports on the current market conditions and future outlook.  As always, take what they say with a grain of salt.  They are definitely being positive about Calgary realestate - however - in my opinion they are being a little too positive.  Remember, just a couple months ago the media was talking about the complete opposite?

 

You are unable to deny the facts - calgary's real estate market is definitely doing well.  


Here is why:


  • We have stable and well balanced market
  • Our inventory levels are low
  • We have loads of buyers

 

But these buyers are still not just jumping at anything.  They are educated and picky.  Nothing wrong with that. 
 

Quick Calgary Market Snapshot 

Market Snapshot

Single Family

Condo/Apartment

Condo/Townhouse

Monthly

Dec/11

Dec/12

%Chg

Dec/11

Dec/12

%Chg

Dec/11

Dec/12

%Chg

Total Sales

717

745

3.91

183

219

19.67

125

119

-4.80

New Listings

753

626

-16.87

199

143

-28.14

124

113

-8.87

Average Price

454,992

496,636

9.15

270,063

304,421

12.72

292,548

305,676

4.49

Active Listings

2705

1859

-31.28

805

553

-31.30

479

310

-35.28

Days on Market

58

51

-11.87

67

67

0

61

51

-16.83

MLS HPI

December 2012

% of Changes

 

 

Benchmark $

HPI

Nov/12

Jun/12

Dec/11

Dec/09

Dec/07

Single Family

421,400

183

0.2

0.8

8.2

7.5

0.9

Condo/TH

282,500

178

0.5

2.3

4.1

1.7

-9.1

Condo/Apt

247,700

173

0.2

0.9

7.4

1.2

11.1 

 

I do anticipate a busy January 2013 as many of these buyers get into gear, and I also expect the number of new home and apartment listings entering the market by the end of January and into February 2013 will keep everything in balance.  We'll see if I'm right in due time. 

 

Download the entire CREB statistics package to view the market in detail. 
 

Want monthly statistics for your specific communty?  


 

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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.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.