Connect

Find us on...

Dashboard

Login using...

New Search X

Calgary real estate sales on September stay strong. October 2013

Posted by Mark Sadiua on Friday, October 11th, 2013 at 3:15pm.

Rise in new listings prevents further tightening in the resale market..

City of Calgary residential sales totaled 1,923 units in September, 19 per cent higher than last year and 14 per cent higher than long-term averages for the month. 

calgary real estateWhile sales activity over the past three months has been above long-term trends, it was less so in September than in July and August.

The impact of the floods likely boosted sales throughout July and August, and it appears as though some of that additional demand is starting to ease. Sales growth remains strong, in part because net migration has been stronger than anticipated and rental product is in short supply.

As Calgary’s market remains in seller’s territory, a notable shift is occurring with new listings, monthly levels of new listings have been declining since 2011, over the past three months the levels of new listings have improved. The growth was not enough to cause any significant changes in inventory levels, but it has helped prevent further tightening in the market.

Activity varies by community, property type and price. Selection is limited in the lower price ranges, but choice has improved for higher priced homes.

Condominium, apartment and townhouse sales totaled a respective 3.147 and 2,494 after the first three quarters of the year. Year-to-date sales growth is more than double the levels recorded in the single-family sector.

Single-family sales totaled 13,006 units after the first three quarters of the year, a 6.7 per cent increase over the previous year.

 

Calgary Real Estate Statistics 

Calgary Single Home Statistics

Total Calgary Homes
2,789
Average Price of Calgary Homes
$512,359
Average Days on Market
37
Total Sales
1,354

Calgary Condo Statistics

Total Calgary Condos
683
Average Price of Calgary Condos
$298,765
Average Days on Market
39
Total Sales
324

Calgary Townhouse Statistics

Total Calgary Townhouse
450
Average Price of Calgary Townhouse
$339,533
Average Days on Market
31
Total Sales
282

Leave a Comment

Re/Max, CREB Certified Condominium Specialist