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 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.
