Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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September turned out to be a good month for Calgary home sellers and buyers.  New listings and inventory levels are down a little bit from the same time last year, with strong sales solidified a balanced market as expected.

Calgary real estate statistics

 

With the talk of declining markets in other regions of the country, Calgary's housing market is proving itself to be solid with very little to no signs of running into similar situations like in Vancouver and Toronto.

 

Entry level housing in picking up, the supply of apartment condos and townhomes is down with increased sales.  These factors show our housing market is going to maintain itself for the next few months for sure.  When first time buyers are active, it spills out towards other areas.

 

Timing is everything. Some communities in Calgary are showing very strong statistics with competing offers on homes.  These typically are isolated, and inner city or close too.  With that said, there are other communities struggling somewhat.  We have seen quite a few homes in newer areas sit on the market for some time and eventually have price reductions.  

 

Bottom line, lots of buyers out there - they are also educated and only writing offers on homes they really like.

 

Here is the September Real Estate Snapshot;

 

Market Snapshot

Single Family

Condo/Apartment

Condo/Townhouse

Monthly

Sep/11

Sep/12

%Chg

Sep/11

Sep/12

%Chg

Sep/11

Sep/12

%Chg

Total Sales

1035

1132

9.37

236

276

16.95

190

209

10.00

New Listings

2303

1888

-18.02

541

495

-8.50

358

297

-17.04

Average Price

466,192

468,360

0.56

275,204

286,226

4.01

329,089

329,559

0.14

Active Listings

4661

3486

-25.21

1234

1064

-13.78

758

548

-27.70

Pending Sales

N/A

189

N/A

N/A

58

N/A

N/A

39

N/A

Days on Market

48

42

-12.34

59

54

-7.93

53

51

-4.52

 

I anticipate October to prove much the same as September.

 

What's your home worth in today's market?  

 

What's happening in your community?

 

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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.