Dan Welyk Realtor®  Since 1999

There Is No Substitute for Experience.

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May 2009 Calgary Real Estate Board Statistics - up 23% over April 2009! Continuing to show signs of stabilization along with gains from this time last year!
 

With just over 70% of all sales being under $400,000, this shows us that entry level housing is continuing to dominate similar to the previous months this year. With first time buyers being this active, the sales will spill outwards to the higher price ranges - thus further stabilizing the Calgary Market.

Further, the number of single family homes being sold versus the number of new listings is just over 70%! This is very promising news as we have been well below the 50% mark for quite some time. Once we reach levels of 65+%, these bring "average" market conditions.
 

Now be sure you are sitting down...the median price for Calgary went up from $380,000 to $390,000! Has been a very long time since we have seen a solid increase in values here!

To view the full statistical package - download it here.
 
SnapShot of Calgary's May 2009 Market
Single Family Home (Calgary Metro)    
Month End Inventory   3861
New Listings Added   2235
Sales   1584
Average Days on Market (sold)   45
Average Days on Market (active)   58
Average Selling Price (Median)   $390,000
List to Sell  Ratio   70.1 %
List $ to Sell $ Ratio   96.40%
Condo/Townhome (Calgary Metro)    
Month End Inventory   1952
New Listings Added   998
Sales   653
Average Days on Market (sold)   51
Average Days on Market (active)   57
Average Selling Price (Median)   $255,000
List to Sell  Ratio   65.3%
List $ to Sell $ Ratio   95.81%

 

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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.