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Calgary Real Estate News

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Virtual Tour #6402 155 Skyview Ranch Wy

Skyview Ranch Condo Statistics for the first half of 2015 (July)

Current Active Listing - 14 condos

Sold - 13

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Calgary, May 1, 2015 - After the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, an 18 per cent decrease over the previous year. “With fewer buyers making purchase decisions and improved selection for resale, new home and rental property, sellers have been either adjusting their expectations on price or delaying their plans about when to list their home,” said CREB® president Corinne Lyall. Sales activity in April totaled 1,957 units, 22 per cent below last year’s levels and nearly 15 per cent below April’s long term averages. Despite weak sales levels, the drop in new listings prevented strong gains in overall inventory levels and helped improve absorption rates in the market.

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Low oil prices throughout January, combined with a shifting outlook in the energy sector, caused unease for consumers. As a result, monthly housing sales activity fell to levels not seen in five years.

This change is partly connected to continued low energy prices, which impact consumer confidence. A lack of recovery in oil has many concerned about their employment status and this concern is reflected through the weaker sales activity in Calgary’s January resale figures. Sales levels were over 35 per cent lower than the 10 year average and declined across all three sectors in the city (Attached, detached and apartment). Meanwhile, new listings increased by 39 per cent city-wide, causing inventory levels to rise.

While new listing activity increased in

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Yearly records set as monthly sales see slight decline in Calgary market..

Condominium and townhouse sales set a new record for 2014

Calgary, January 2015 – It was a record setting year for Calgary's condominium apartment and townhouse sectors, as sales reached new annual highs despite year-over-year residential sales declines of 7.5% in December.

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Single family sales totaled 708 units in December, a yearover- year decline of 8.3%. Meanwhile, total condominium sales also declined by six per cent over the same time frame, but overall activity remained consistent with long-term averages.

Yearly condominium apartment sales totaled 4,742 in 2014, an 18 per cent increase over the previous year. Meanwhile, townhouse sales totaled 3,737 units, a 17

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While the recent drop in oil prices has caused speculation about implications for the housing sector, stable conditions are expected given current forecasts for employment and migration.

While employment and migration are expected to support housing demand, estimates could change depending on the extent and duration of oil price declines. Concerns over the potential impact will influence consumer confidence. This is expected to cause supply and demand to ease in 2015, maintaining resale market balance and keeping prices relatively stable.

The risk lies with the potential severity and duration of the pullback in the energy industry, which would have a lagging effect on the housing sector. While the current situation has some comparing today’s market to

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Improving inventories help ease price growth pressure.

Calgary’s residential resale housing market posted relatively strong November activity reaching 1,782 units, a 3% increase over the previous year, and nearly 13 per cent above long term averages.  

Meanwhile, new listings growth continues to outpace the gains in sales, supporting a 22 per cent year-over-year rise in November inventories to 3,849 units. While inventories have recorded significant gains, they remain below long-term averages for the month.  

Over the past year, inventories have been low in the city, limiting some of the choice for consumers. Availability in specific segments and price ranges vary, on the whole, the recent rise in inventories will be welcome news for many buyers.  

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Sales activity improves for condominium product, while declining in the single-family sector

Calgary Real Estate, September 2014 – Strong gains in Calgary's condominium apartment and townhouse sectors sparked a 3.4 per cent year-over-year growth in residential resale housing sales activity for August. A total of 2,267 units exchanged hands in the city during the month, compared to 2,192 during the same period in 2013. The condominium apartment and townhouse sectors saw the biggest gains, increasing by nearly 14 and 20 per cent, respectively, for total monthly sales of 790 units. The record pace of August sales in the condominium sector is related to the relative affordability of this product combined with a tight rental market and low lending rates,

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Growth in new listings outpace sales growth in July, supporting double-digit inventory gains.

Calgary, August  2014 – Residential sales this month totaled 2,336 units, a record level for July activity. However, year-over-year sales growth slowed to 3.18 per cent. July’s sales growth seems like a dramatic departure from the double-digit gains recorded in the first half of this year, it is in comparison to exceptionally strong sales during the same period last year.

July sales this year are nearly 19 per cent above long-term averages for the month. New listings in July totaled 3,219 units, an 18 per cent increase over the previous year. The rise outpaced sales growth during the month, pushing inventory to 4,659 units, nearly 14 per cent higher than July

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Condominium apartment benchmark price surpasses previous highs

Calgary, July 2, 2014 – Residential sales and listings in Calgary increased by double-digit rates in June compared to the same time last year. This increase is partly due to the floods impacting housing activity throughout the second half of June 2013.

Despite the unusual circumstances of last year, the housing market continues to demonstrate strong demand. Residential sales totaled 2,670 units this June, which was 18 per cent above the 10-year average. Total sales for the first half of 2014 increased to 13,929 from 12,257 in 2013.

New listings totaled 3,814 units in June, representing the first time since June 2010 that it outpaced the long-term average. The monthly influx of new

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Calgary real estate price gains and better weather support year-over-year gains in new listings.

June 2014 – Residential sales in the city of Calgary totaled 2,948 units in May, a 16 per cent increase over the previous year. Sales last month were well above long-term trends and are the highest May activity on record. Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages. May resale market sales were somewhat restricted by lack of choice. However, recent price gains have encouraged growth in new listings, helping meet some of the housing demand.

Last month, new listings totaled 4,327, a 16.5 per cent rise over figures reported during the same time last year with

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Re/Max, CREB Certified Condominium Specialist