Dan Welyk Realtor®  Since 1999

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October continued like the previous month to maintain a stable and balanced market.  Home sales were up slightly from the same time last year and inventories were down fractionally.  This also has resulted in an increased benchmark price of $387,700 - up from $362,700 in January 2012.  Figures like this are in line with a healthy real estate market.

Calgary Home Prices

 

You can see on this chart, the various ways you can view the current market conditions- most importantly are the median and benchmarks - which, at the end of October were almost identical.  Calgary is still affordable compared to other major metro cities in Canada, which makes our city more desirable for young people looking for a place to live and begin a career.  

 

We can continue to expect this kind of average growth for the next 2 quarters as we are not seeing anything in the future that would make changes.  Unless of course the Mayan's are correct and the end of the world takes place in December.  Then these figures will be completely screwed up.  I'm not holding my breath on that one though.

 

Here is a snapshot of October's Real Estate Statistics:

 

Market Snapshot

Single Family

Condo/Apartment

Condo/Townhouse

Monthly

Oct/11

Oct/12

%Chg

Oct/11

Oct/12

%Chg

Oct/11

Oct/12

%Chg

Total Sales

984

1174

19.31

213

272

27.70

154

219

42.21

New Listings

1773

1616

-8.86

461

416

-9.76

296

280

-5.41

Average Price

455,392

492,777

8.21

274,497

289,802

5.58

296,139

321,644

8.61

Active Listings

N/A

3114

N/A

N/A

985

N/A

N/A

506

N/A

Benchmark Price

399,700

433,300

8.41

239,300

247,000

3.22

270,600

321,644

N/A

Days on Market

52

43

-16.66

61

55

-9.17

52

50

-2.40

For a complete view of October's Real Estate Market, follow the link to download a .pdf version.

 

Thank you for taking time to read this update for Calgary's housing market

**November 2012 Statistic Package has been update**

 

What's your home worth?  Find out here.

 

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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.