Home
Up
September 2010
March 2010
August 2009
July 2009
June 2009
February 2009
January 2009
December 2008
November 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
Sept 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005

  
     

 
Home
Up
September 2010
March 2010
August 2009
July 2009
June 2009
February 2009
January 2009
December 2008
November 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
Sept 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005

  
     

Calgary Real Estate Market Overview

MARCH 2006 CLOSES WITH THE HIGHEST RECORD OF SALES IN MLS® HISTORY

Calgary, April 4, 2006 – MLS® sales broke all time records in the month of March 2006, according to figures released by the Calgary Real Estate Board.

March combined residential sales totaled their highest ever at 3,497, an 18.1 per cent increase over March 2005’s sales of 2,962, and a 14.3 per cent increase over February 2006’s sales of 3,060. The breakdown of the March combined sales was, 2,486 single-family residences, 995 condominium, and 16 mobile homes. March 2005 sales in the same categories were, 2,163; 786; and 13, respectively.

The average combined residential sale price for March 2006 was $325,481 a 30 per cent increase over March 2005, when the average price was $250,360, and a 6.9 per cent increase over February 2006’s average price of $304,560. Broken out, the following is a comparison of single-family, condominium, and mobile home average sale prices for the month of March 2006 over 2005: single-family $363,370 / $276,808; condominium $235,427 / $181,037; and mobile home $38,650 / $41,094.

Condominium sales also broke all time MLS® sales records with 995 sales changing hands. Sales for condominiums for the same period last year were 786 showing a 26.6 per cent increase. The average condominium price in March 2006 was $235,427 compared to the $181,037 in March 2005; a 30 per cent increase and an 8.4 per cent increase over February’s average price of $217,181.

March 2006 residential combined listings totaled 3,949, a 5.1 per cent decrease from March 2005, when 4,163 listings came to market but showing a 22.3 per cent increase over February’s 3,230 listings.
“The incredible sales level of the first quarter is a graphic demonstration of the professional capability of Calgary REALTORS, showing their ability to provide purchasing opportunities for such a high number of Calgarians, under challenging circumstances”, remarked CREB® President, Kevin Clark. "Only our members of the Calgary Real Estate Board have full access to the Multiple Listing Service (MLS®); a very powerful service providing sellers the broadest possible exposure of their real estate and buyers the widest opportunity of accurate and up to date real estate information”, continued Clark.

Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differentials between geographical areas. The median price is determined by selecting the middle number of total sale prices – the combined residential median price for March 2006 was $285,000; up 29.6 per cent from March 2005, when the median price was $220,000 and up 6.4 per cent from February’s median of $267,900.

The Calgary Real Estate Board is a professional body of 5,156 licensed brokers and registered agents, representing 258 member offices.

SINGLE FAMILY
2006
2005
2006 YTD
2005 YTD
%Change
Average Sale Price
363,370
276,808
345,116
270,466
27.60%
Listings
2,895
3,036
7,363
7,958
-7.48%
Sales
2,486
2,163
6,388
4,965
28.66%
Dollar Volume
903,338,861
598,736,188
2,204,598,078
1,342,863,942
64.17%
Sales to Listing Ratio
85.87%
71.25%
86.76%
62.39%
39.06%
Median Price
325,000
245,900
309,900
239,900
29.18%
 
CONDOMINIUM
 
 
 
 
 
Average Sale Price
235,427
181,037
220,437
179,375
22.89%
Listings
1,028
1,091
2,735
3,036
-9.91%
Sales
995
786
2,528
1,799
40.52%
Dollar Volume
234,249,607
142,294,911
557,264,914
322,696,282
72.69%
Sales to Listing Ratio
96.79%
72.04%
92.43%
59.26%
55.99%
Median Price
212,900
159,000
557,264,914
322,696,282
72.69%
 
MOBILE
 
 
 
 
 
Average Sale Price (incl. in Residential)
38,650
41,094
36,161
36,717
-1.51%
Listings (incl. in Residential)
26
36
58
104
-44.23%
Sales (incl. in Residential)
16
13
36
33
9.09%
Dollar Volume (incl. in Residential)
618,400
534,226
1,301,788
1,211,646
7.44%
Sales to Listing Ratio (incl. in Residential)
61.54%
36.11%
62.07%
36.11%
71.88%
Median Price
28,900
27,000
32,000
28,900
10.73%
 
RURAL w/HOME
 
 
 
 
 
Average Sale Price
553,122
524,484
602,026
519,093
15.98%
Listings
146
179
421
526
-19.96%
Sales
116
91
253
194
30.41%
Dollar Volume
64,162,193
47,728,050
152,312,598
100,704,050
51.25%
Sales to Listing Ratio
79.45%
50.84%
60.10%
36.88%
62.94%
Median Price
535,000
460,000
519,900
448,800
15.84%
 
RURAL LAND
 
 
 
 
 
Average Sale Price
323,809
249,600
374,556
247,323
51.44%
Listings
59
69
176
173
1.73%
Sales
43
29
112
52
115.38%
Dollar Volume
13,923,775
7,238,400
41,950,263
12,860,781
226.19%
Sales to Listing Ratio
72.88%
42.03%
63.64%
30.06%
111.71%
Median Price
233,700
200,000
250,000
199,900
25.06%
 
RESIDENTIAL COMBINED (Single Family, Condo, Mobile)
 
 
 
 
 
Average Sale Price
325,481
250,360
308,665
245,222
25.87%
Listings
3,949
4,163
10,156
11,098
-8.49%
Sales
3,497
2,962
8,952
6,797
31.71%
Dollar Volume
1,138,206,868
741,565,325
2,763,164,780
1,666,771,870
65.78%
Sales to Listing Ratio
88.55%
71.15%
88.15%
61.25%
43.92%
Median Price
285,000
220,000
272,000
217,900
24.83%
 
TOTAL MLS®
 
 
 
 
 
Average Sale Price
332,684
258,446
317,423
252,781
25.57%
Listings
4,154
4,411
10,753
11,797
-8.85%
Sales
3,656
3,082
9,317
7,043
32.29%
Dollar Volume
1,216,292,836
796,531,775
2,957,427,641
1,780,336,701
66.12%
Sales to Listing Ratio
88.01%
69.87%
86.65%
59.70%
45.13%
 

 

Average Calgary Real Estate Prices for last 13 months

Average Calgary Real Estate Yearly Prices for 1985 to 2006 YTD

 Calgary Real Estate Market data supplied by CREB

Recommend this Calgary Real Estate Market Conditions page to a friend.

 
Copyright ©
1998 - 2012 All rights reserved worldwide. Privacy, Disclaimer.
 
 
Copyright ©
1998 - 2013 All rights reserved worldwide. Privacy, Disclaimer.